Bank of America (NYSE:BAC) Stock Price Expected to Rise, HSBC Analyst Says

Bank of America (NYSE:BAC) had its price target increased by analysts at HSBC from $55.00 to $57.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. HSBC’s price target would indicate a potential upside of 2.08% from the stock’s current price.

Several other equities research analysts have also recently weighed in on BAC. Hsbc Global Res upgraded Bank of America from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. Piper Sandler upped their target price 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. Evercore ISI set a $59.00 price target on shares of Bank of America in a research report on Thursday, January 15th. CICC Research started coverage on Bank of America in a report on Wednesday, January 14th. They set an “outperform” rating and a $62.00 price objective on the stock. Finally, Truist Financial cut their target price on Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $60.30.

Bank of America Trading Up 1.6%

Shares of NYSE:BAC opened at $55.84 on Friday. Bank of America has a 52 week low of $33.06 and a 52 week high of $57.55. The company’s 50 day moving average is $54.32 and its two-hundred day moving average is $51.74. The company has a market cap of $407.76 billion, a PE ratio of 14.61, a P/E/G ratio of 1.35 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC) last posted its 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. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same quarter in the prior year, the company posted $0.82 earnings per share. Bank of America’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities analysts predict that Bank of America will post 3.7 earnings per share for the current fiscal year.

Institutional Trading of Bank of America

Hedge funds have recently made changes to their positions in the stock. Permanent Capital Management LP bought a new position in shares of Bank of America during the 3rd quarter valued at about $649,000. Disciplined Investments LLC acquired a new stake in Bank of America during the second quarter valued at approximately $217,000. CCG Wealth Management LLC bought a new stake in Bank of America during the second quarter worth approximately $287,000. Meridian Wealth Management LLC grew its position in Bank of America by 54.6% in the third quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock worth $3,008,000 after buying an additional 20,591 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Bank of America in the second quarter valued at $1,456,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: Bank of America is reported to be revamping its credit-card product lineup with an AI-driven refresh aimed at boosting consumer profitability and keeping cards competitive; investors often view card product upgrades and steady dividends as incremental revenue and margin positives for big banks. AI‑Driven Card Revamp and Steady Dividends
• Positive Sentiment: Bank of America announced the full redemption of its Series DD preferred stock, removing that claim on capital and modestly simplifying the bank’s capital structure — a move that can be neutral-to-positive for common shareholders by reducing preferred dividend obligations. Series DD Redemption
• Neutral Sentiment: Chief Investment Strategist Michael Hartnett’s call that mid‑caps are the preferred play ahead of U.S. midterms (versus mega-cap tech) is coming from BoA research — useful for market positioning and likely to influence client flows but not an immediate driver of BAC’s fundamentals. Hartnett on Midcaps
• Neutral Sentiment: Bank of America Securities published several analyst ratings on other companies today (routine sell‑side activity); this highlights the scale of BoA’s research business but is unlikely to move BAC shares directly. BofA Securities Analyst Notes
• Negative Sentiment: BoA research issued a blunt warning about the dollar’s next move — FX volatility or a stronger dollar can pressure trading revenues, corporate FX flows and market sentiment, adding an element of risk for bank revenues tied to markets activity. Dollar Warning
• Negative Sentiment: Reuters reports banks (including big U.S. banks) ramped up lobbying spend — while expected, higher regulatory engagement can signal greater policy risk and incremental costs for large banks. Increased Lobbying Spend

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.