Bank of America (NYSE:BAC) Price Target Cut to $60.00 by Analysts at Truist Financial

Bank of America (NYSE:BAC) had its price target decreased by research analysts at Truist Financial from $62.00 to $60.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price target points to a potential upside of 14.46% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Morgan Stanley lowered their price target on Bank of America from $70.00 to $68.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Wall Street Zen cut Bank of America from a “hold” rating to a “sell” rating in a research note on Monday, January 5th. TD Cowen lifted their target price on Bank of America from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. upped their price target on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, January 6th. Finally, Argus raised their price objective on shares of Bank of America from $53.00 to $58.00 in a research report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.83.

Bank of America Stock Down 3.9%

BAC stock opened at $52.42 on Thursday. The firm’s 50-day moving average is $54.19 and its two-hundred day moving average is $51.15. The company has a market capitalization of $382.78 billion, a price-to-earnings ratio of 14.28 and a beta of 1.29. Bank of America has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.12.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The business had revenue of $28.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same period last year, the firm posted $0.82 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. On average, analysts forecast that Bank of America will post 3.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BAC. Norges Bank purchased a new stake in shares of Bank of America in the 2nd quarter valued at approximately $5,091,641,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Bank of America by 640.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock valued at $2,399,798,000 after purchasing an additional 40,235,201 shares during the period. Capital World Investors lifted its holdings in shares of Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after purchasing an additional 14,275,810 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Bank of America by 124.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after purchasing an additional 9,782,208 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Bank of America in the third quarter worth $224,863,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Q4 beat — BAC reported $0.98 EPS vs. $0.96 expected and revenue above consensus, with net income of ~$7.6B; top‑ and bottom‑line beats underpin the firm’s core earnings momentum. PR Newswire: Bank of America Reports Fourth Quarter 2025 Financial Results
• Positive Sentiment: Trading & AI-driven efficiency — Elevated client trading activity and AI/digital tools (Erica) boosted noninterest efficiency and helped reduce hiring/costs, supporting operating leverage. Benzinga: Bank Of America Tops Q4 Estimates As AI Drives Account Growth
• Positive Sentiment: Clean balance sheet & guidance — Management highlighted 5–7% net interest income growth guidance for 2026, healthy CET1 (11.4%), low charge-offs and loan/deposit growth, which argue for durable earnings power. MarketBeat: Bank Stocks Get Punished After Earnings
• Neutral Sentiment: Bank of America Securities activity (external coverage) — BofA Securities analysts reiterated Buy ratings on other firms (e.g., Toyota, Roblox), which is background for the parent firm’s research franchise but not a direct driver of BAC’s share move. TipRanks: Merrill Lynch Upgrades Toyota Motor
• Neutral Sentiment: Investor takeaways from the call — Management is constructive on the U.S. economy and emphasized technology-driven customer growth; useful context but not enough to reverse short-term sentiment. TipRanks: Bank of America Earnings Call Highlights
• Negative Sentiment: Market punished valuation and guidance nuance — Despite the beat, investors focused on a softer forward tone for net interest income mix and any signals that future NII growth could be slower, prompting profit-taking. The Motley Fool: BAC Falls After Strong Earnings Meet Softer NII Outlook
• Negative Sentiment: Sector/valuation overhang & policy risk — Elevated bank valuations and headlines about a proposed cap on credit card rates created an extra overhang for BAC and peers, raising concern about future profitability for card portfolios. MarketBeat: Bank Stocks Get Punished After Earnings
• Negative Sentiment: Line‑of‑business softness — Some coverage noted weaker investment banking or mixed IB trends that trimmed upside expectations despite strong trading and NII. Zacks: BAC Q4 Tops as Trading & NII Shine, Stock Slides on Weak IB

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.