Bank of America (NYSE:BAC) Price Target Lowered to $62.00 at UBS Group

Bank of America (NYSE:BAC) had its price objective cut by UBS Group from $67.00 to $62.00 in a research note published on Tuesday,MarketScreener reports. They currently have a buy rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. The Goldman Sachs Group lifted their target price on shares of Bank of America from $57.00 to $58.00 and gave the stock a “buy” rating in a report on Monday. Jefferies Financial Group assumed coverage on shares of Bank of America in a report on Thursday, March 26th. They set a “buy” rating and a $60.00 price objective for the company. Piper Sandler boosted their price objective on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, January 15th. Finally, Erste Group Bank cut shares of Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Twenty-three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.10.

Bank of America Stock Up 2.3%

NYSE:BAC traded up $1.17 during mid-day trading on Tuesday, hitting $51.45. 10,899,899 shares of the company’s stock were exchanged, compared to its average volume of 41,452,137. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market cap of $367.64 billion, a PE ratio of 13.45, a P/E/G ratio of 1.20 and a beta of 1.23. Bank of America has a one year low of $33.06 and a one year high of $57.55. The business has a fifty day moving average price of $50.61 and a 200 day moving average price of $52.19.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.02. The business had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. Equities analysts predict that Bank of America will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, March 6th. Bank of America’s payout ratio is 29.24%.

Insider Activity at Bank of America

In related news, insider Thomas M. Scrivener sold 50,000 shares of the business’s 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 sale, the insider directly owned 227,973 shares in the company, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider James P. Demare sold 83,832 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the sale, the insider owned 307,240 shares of the company’s stock, valued at $15,362,000. This trade represents a 21.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 227,832 shares of company stock worth $11,094,960. 0.27% of the stock is owned by company insiders.

Institutional Trading of Bank of America

Large investors have recently added to or reduced their stakes in the business. DecisionMap Wealth Management LLC boosted its position in shares of Bank of America by 4.7% in the fourth quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider’s stock worth $223,000 after purchasing an additional 182 shares during the period. Money Concepts Capital Corp boosted its position in shares of Bank of America by 3.8% in the fourth quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 182 shares during the period. Holistic Financial Partners boosted its position in shares of Bank of America by 2.4% in the fourth quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 183 shares during the period. Operose Advisors LLC boosted its position in shares of Bank of America by 0.9% in the fourth quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock worth $1,123,000 after purchasing an additional 185 shares during the period. Finally, Asahi Life Asset Management CO. LTD. boosted its position in shares of Bank of America by 1.0% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider’s stock worth $1,092,000 after purchasing an additional 187 shares during the period. 70.71% of the stock is currently owned by institutional investors.

Key Bank of America News

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

• Positive Sentiment: Major banks lifted or maintained bullish views while trimming targets modestly, keeping constructive tone (Goldman Sachs raised its target to $58 and keeps a Buy rating). Goldman Sachs raises PT
• Positive Sentiment: Other large houses (JPMorgan, Daiwa) adjusted price targets but kept Overweight/Buy stances, which supports upside expectations even after target trims. JPMorgan PT change
• Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS assumptions modestly (FY26 to ~$4.34; FY27 to ~$4.97), backing the earnings narrative ahead of Q1.
• Positive Sentiment: Institutional recognition and awards (e.g., named No.1 nonprofit OCIO provider) help reinforce franchise strength and fee‑business credibility. OCIO award
• Neutral Sentiment: Upcoming catalyst: BofA will report Q1 2026 results and host an investor call on April 15 — the report is the primary near‑term driver of stock direction. Q1 release date
• Neutral Sentiment: Analysis pieces note that some rate tailwind is fading — supportive for medium term but creates uncertainty about re‑acceleration of NII growth. Rate tailwind commentary
• Negative Sentiment: Some sell‑side cuts on price targets reflect valuation concerns — Truist trimmed its target to $57 citing valuation issues, a flag for investors worried about limited near‑term upside. Truist lowers PT
• Negative Sentiment: AUTONOMOUS and a few outlets put more pessimistic near‑term forecasts / lowered targets (Autonomous cut to $54), adding downward pressure on sentiment for some traders. Autonomous lowers PT

Bank of America Company Profile

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.