Bank of America (NYSE:BAC) Shares Up 1.9% on Earnings Beat

Posted by Brian Himes on Jul 14th, 2026

Bank of America Corporation (NYSE:BAC)’s stock price traded up 1.9% on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $61.21 and last traded at $60.6380. 49,187,596 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 38,817,242 shares. The stock had previously closed at $59.50.

The financial services provider reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. Bank of America had a return on equity of 11.49% and a net margin of 16.78%.The firm had revenue of $8.08 billion during the quarter, compared to analyst estimates of $30.78 billion. During the same period last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up 19.6% on a year-over-year basis.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.12 annualized dividend and a yield of 1.8%. Bank of America’s dividend payout ratio (DPR) is currently 27.72%.

Key Bank of America News

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

Positive Sentiment: Bank of America beat Q2 EPS estimates and reported broad-based revenue growth, with strength in net interest income, trading, and investment banking. Bank of America earnings report
Positive Sentiment: Trading income and investment banking fees surged, reflecting increased market volatility and healthier deal activity, which could support near-term profits. Reuters coverage of BofA expansion
Positive Sentiment: Management said the U.S. economy remains resilient and that the bank is seeing strong consumer spending and borrowing activity, which improves the earnings outlook. PYMNTS article
Positive Sentiment: Jefferies maintained a Buy rating and a $75 price target, signaling continued analyst confidence after the earnings release. Jefferies rating update
Neutral Sentiment: Several reports noted BAC’s stock had already reached or approached record highs, suggesting some of the earnings optimism may already be priced in. MSN market recap

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price target on Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, April 16th. UBS Group boosted their price objective on shares of Bank of America from $63.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Argus upped their target price on shares of Bank of America from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Robert W. Baird increased their target price on shares of Bank of America from $56.00 to $58.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Finally, Truist Financial raised their price target on shares of Bank of America from $61.00 to $64.00 and gave the company a “buy” rating in a report on Friday, June 26th. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.19.

Read Our Latest Analysis on BAC

Insider Activity at Bank of America

In related news, insider Geoffrey S. Greener sold 126,756 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total value of $6,719,335.56. Following the transaction, the insider directly owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. This represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

Institutional Investors Weigh In On Bank of America

Several hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Bank of America in the 4th quarter worth $4,774,210,000. Capital International Investors bought a new stake in shares of Bank of America during the 4th quarter worth $2,357,461,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Bank of America by 640.5% in the third 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 worth $2,399,798,000 after acquiring an additional 40,235,201 shares in the last quarter. Vanguard Group Inc. grew its position in Bank of America by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after acquiring an additional 23,351,183 shares in the last quarter. Finally, Cardano Risk Management B.V. grew its position in Bank of America by 914.5% in the fourth quarter. Cardano Risk Management B.V. now owns 25,095,260 shares of the financial services provider’s stock worth $1,380,239,000 after acquiring an additional 22,621,546 shares in the last quarter. 70.71% of the stock is currently owned by institutional investors.

Bank of America Trading Up 1.9%

The stock has a 50 day moving average of $54.62 and a 200 day moving average of $52.98. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $430.32 billion, a P/E ratio of 15.01, a PEG ratio of 1.00 and a beta of 1.17.

About Bank of America

(Get Free Report)

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.