Bank of America Corporation (NYSE:BAC) Stock Rated “Moderate Buy” by Wall Street Brokerages

Bank of America Corporation (NYSE:BAC) has received a consensus rating of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $62.82.

A number of research analysts recently issued reports on the company. Jefferies Financial Group cut their price objective on Bank of America from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, September 24th. Evercore set a $62.00 target price on shares of Bank of America in a research note on Thursday, October 1st. HSBC initiated coverage on shares of Bank of America in a report on Monday, September 28th. They set a “buy” rating and a $65.00 price target on the stock. TD Cowen dropped their price target on shares of Bank of America from $60.00 to $56.00 and set a “hold” rating for the company in a research report on Thursday, October 15th. Finally, Barclays reduced their price objective on shares of Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th.

Bank of America News Roundup

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

• Positive Sentiment: Bank of America is participating with Blackstone, Citi and Morgan Stanley in a $63 billion financing structure to support Anthropic’s AI computing capacity, with Broadcom-related deliveries expected to begin in 2027. The deal could generate financing fees and strengthen BofA’s position in technology and AI-related banking. AI financing announcement
• Neutral Sentiment: Bank of America added two directors to its board, though the reports do not identify a material change in strategy or financial outlook. The bank also exited substantial-holder positions in Zip Co and European Lithium, actions that appear portfolio-related rather than fundamental to BAC’s earnings. Board appointments
• Negative Sentiment: Several law firms publicized or promoted a securities class action against Bank of America and certain executives. The complaints allege that the company misled investors about the scope and financial consequences of AML and Bank Secrecy Act compliance failures following approximately $1.2 billion to $1.21 billion in penalties. Investors who purchased shares between August 1, 2025, and October 13, 2026, may seek lead-plaintiff status by December 15, 2026. The allegations could increase legal costs, regulatory scrutiny and reputational risk, although they have not been proven in court. Securities class action report Investor alert
• Negative Sentiment: A separate lawsuit alleges a former executive was pressured to resign after seeking to relocate while caring for his mother. Although this case is unlikely to drive earnings directly, it adds to broader litigation and workplace-governance concerns surrounding BAC. Former executive lawsuit

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BAC. Turim 21 Investimentos Ltda. purchased a new position in shares of Bank of America in the second quarter valued at about $25,000. Cherry Tree Wealth Management LLC grew its position in shares of Bank of America by 167.6% during the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 300 shares in the last quarter. Principia Wealth Advisory LLC grew its position in shares of Bank of America by 69.9% during the second quarter. Principia Wealth Advisory LLC now owns 530 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 218 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in Bank of America during the 2nd quarter valued at approximately $34,000. Finally, Balance Wealth Partners LLC bought a new stake in Bank of America during the 3rd quarter valued at approximately $33,000. Institutional investors own 70.71% of the company’s stock.

Bank of America Price Performance

NYSE:BAC opened at $50.67 on Friday. The stock has a 50-day simple moving average of $57.19 and a two-hundred day simple moving average of $55.04. Bank of America has a 52-week low of $46.12 and a 52-week high of $65.22.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.02). The firm had revenue of $29.96 billion during the quarter, compared to analysts’ expectations of $30.58 billion. During the same quarter in the prior year, the business earned $1.06 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts predict that Bank of America will post 4.52 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be paid a dividend of $0.32 per share. The ex-dividend date is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%.

Bank of America Company Profile

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.