Bank of America (NYSE:BAC) Price Target Cut to $61.00 by Analysts at Morgan Stanley

Bank of America (NYSE:BAC) had its price target lowered by equities research analysts at Morgan Stanley from $67.00 to $61.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 23.64% from the company’s previous close.

A number of other research analysts have also recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. Daiwa Securities Group dropped their price target on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Truist Financial decreased their price objective on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, January 15th. Argus increased their price objective on shares of Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Finally, Barclays lifted their target price on shares of Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Twenty-three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $59.54.

Bank of America Trading Up 1.2%

BAC stock traded up $0.59 during midday trading on Tuesday, hitting $49.34. 9,174,702 shares of the company’s stock were exchanged, compared to its average volume of 42,231,633. Bank of America has a 1-year low of $33.06 and a 1-year high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $352.56 billion, a PE ratio of 12.87, a P/E/G ratio of 1.15 and a beta of 1.28. The business has a 50-day simple moving average of $50.85 and a two-hundred day simple moving average of $52.25.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 EPS. On average, sell-side analysts predict that Bank of America will post 3.7 EPS for the current fiscal year.

Insider Transactions at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the transaction, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This trade represents a 35.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the completion of the transaction, the insider owned 227,973 shares of the company’s stock, valued at $11,357,614.86. This trade represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 227,832 shares of company stock valued at $11,094,960. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bank of America

Several institutional investors have recently modified their holdings of BAC. Vanguard Group Inc. boosted its position in shares of Bank of America by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after acquiring an additional 23,351,183 shares in the last quarter. Capital World Investors raised its position in shares of Bank of America by 11.0% during the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after acquiring an additional 14,275,810 shares in the last quarter. Norges Bank purchased a new stake in Bank of America during the fourth quarter worth approximately $4,774,210,000. Bank of New York Mellon Corp boosted its holdings in Bank of America by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock valued at $3,169,062,000 after purchasing an additional 2,929,779 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in Bank of America by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock valued at $2,958,110,000 after purchasing an additional 1,105,833 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Trending Headlines about Bank of America

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: HSBC upgraded BAC from “Hold” to “Buy” with a $57 price target, signaling analyst confidence and potential buying interest. HSBC upgrade
• Positive Sentiment: Wells Fargo reportedly put a Buy on Bank of America, adding another analyst endorsement that can support share demand. Wells Fargo buy
• Positive Sentiment: Jefferies highlighted BAC’s net‑interest‑income outlook (projected 5–7% NII growth over five years), supporting expectations for steady loan‑spread driven earnings improvement. Jefferies NII outlook
• Positive Sentiment: Bank of America partnered with Royal Caribbean to launch tri‑branded Royal ONE credit cards — a revenue and customer‑engagement win for BofA’s card business and cross‑sell opportunities. Royal Caribbean card partnership
• Neutral Sentiment: Markets continue to digest macro calls from BofA strategists (stagflation risks, dollar/oil views) and broader analyst commentary; these shape the sector backdrop but are not company‑specific catalysts. BofA strategist views
• Negative Sentiment: Reports indicate Warren Buffett materially trimmed his Bank of America stake (sold ~50% of holdings in recent filings). Large insider/legendary investor selling can create negative sentiment and supply pressure even if motivated by portfolio moves. Buffett stake reduction
• Negative Sentiment: French authorities are probing a possible Iran‑linked thwarted bomb attack outside a Bank of America location — a security and reputational concern that could spur short‑term caution among investors. France probe of attack

About Bank of America

Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets.

Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.