Bank of America (NYSE:BAC) Stock Gets Price Target Cut from UBS Group

Bank of America (NYSE:BAC) had its price objective reduced by UBS Group from $67.00 to $62.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other equities research analysts also recently issued reports about the company. Robert W. Baird raised Bank of America from a “neutral” rating to an “outperform” rating and set a $62.00 price target on the stock in a research report on Thursday, October 15th. Barclays decreased their price objective on Bank of America from $72.00 to $68.00 and set an “overweight” rating for the company in a report on Thursday, October 15th. Wells Fargo & Company lowered their target price on Bank of America from $69.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, October 15th. Citigroup dropped their target price on Bank of America from $66.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday, October 15th. Finally, Royal Bank Of Canada dropped their target price on Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $62.48.

Bank of America Stock Up 3.9%

NYSE:BAC opened at $51.61 on Monday. The firm has a market capitalization of $356.14 billion, a P/E ratio of 12.26, a PEG ratio of 0.87 and a beta of 1.19. Bank of America has a 1-year low of $46.12 and a 1-year high of $65.22. The company’s fifty day moving average price is $55.72 and its 200-day moving average price is $54.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.02). Bank of America had a return on equity of 12.15% and a net margin of 16.80%. The business had revenue of $29.96 billion for the quarter, compared to analysts’ expectations of $30.58 billion. During the same period last year, the business earned $1.06 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities research analysts anticipate that Bank of America will post 4.51 EPS for the current year.

Bank of America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 24th. Stockholders of record on Friday, December 4th will be given 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’s dividend payout ratio (DPR) is 30.40%.

Hedge Funds Weigh In On Bank of America

Institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc purchased a new position in Bank of America during the second quarter worth about $2,571,060,000. Deutsche Bank AG purchased a new stake in Bank of America in the 2nd quarter valued at approximately $2,359,172,000. Bank of New York Mellon Corp acquired a new position in Bank of America during the 2nd quarter worth approximately $2,313,953,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Bank of America during the 2nd quarter worth approximately $939,807,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Bank of America during the 2nd quarter worth approximately $916,398,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Key Stories Impacting Bank of America

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

• Negative Sentiment: Senator Elizabeth Warren is reportedly urging the Justice Department to investigate Bank of America and its executives after the bank admitted willfully violating anti-money-laundering laws. A criminal probe could add legal, regulatory, and reputational risk beyond the enforcement resolution already reached. Article: BAC Subject to Increasing Scrutiny
• Negative Sentiment: A securities class action has been filed on behalf of investors who bought BAC shares between August 1, 2025, and October 13, 2026. The allegations remain unproven, but the case adds potential litigation costs and uncertainty; the lead-plaintiff deadline is December 15, 2026. Multiple law-firm notices relate to this same lawsuit. Article: Kaplan Fox class-action notice
• Negative Sentiment: A report cited a pessimistic UBS forecast for BAC, while another reported that the shares fell following an analyst downgrade. The supplied coverage does not provide the revised price target or rationale, but the downgrade may weigh on investor sentiment. Article: UBS Group Issues Pessimistic Forecast

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.