Bank of America Corporation (NYSE:BAC) Receives $64.08 Consensus PT from Analysts

Posted by Brenda Bartman on Aug 12th, 2026

Bank of America Corporation (NYSE:BAC) has been assigned an average rating of “Moderate Buy” from the twenty-seven research firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $64.0833.

A number of brokerages have recently weighed in on BAC. Citigroup lifted their price target on shares of Bank of America from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Truist Financial lifted their target price on Bank of America from $64.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Robert W. Baird boosted their target price on Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, July 21st. Finally, Daiwa Securities Group boosted their price objective on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th.

Get Our Latest Report on BAC

Key Headlines Impacting Bank of America

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

Positive Sentiment: Wall Street analysts remain broadly bullish on Bank of America as the stock trades near record territory, while improving trading, investment-banking activity and capital markets are supporting the bank’s outlook. However, limited retail participation could signal some caution about valuation. With Bank of America at Record Highs, Wall Street Is Bullish but Retail Is Wary
Positive Sentiment: Erste Group raised its Bank of America EPS forecasts slightly to $4.65 for fiscal 2026 and $5.25 for fiscal 2027. The 2027 estimate is above the current consensus of approximately $4.68 for the full year, reinforcing expectations for continued earnings growth. Bank of America earnings estimate update
Positive Sentiment: A broader earnings backdrop is helping financial stocks: roughly 80% of S&P 500 companies reporting second-quarter results have posted year-over-year EPS growth. Strong corporate profits may support market activity, loan demand and investment-banking revenue for BAC. Corporate earnings soared in Q2
Positive Sentiment: BofA analysts maintained a Buy rating on Nvidia and issued bullish targets on Nvidia and Tower Semiconductor. While these calls do not directly change BAC’s earnings, they highlight the bank’s research and advisory franchise amid strong technology and AI investment activity. BofA analyst says Nvidia stock is depressed
Neutral Sentiment: Bank of America’s reported changes to stakes in Formet Metal ve Cam and Alves Kablo are routine portfolio disclosures and are unlikely to materially affect BAC’s valuation. Bank of America stake disclosure
Negative Sentiment: BAC is tightening lending standards for data-center projects because of permitting delays, community opposition, power demand and environmental concerns. The move may reduce exposure to problematic AI infrastructure loans, but could also limit growth in a rapidly expanding financing market. Bank of America tightens data center lending standards

Bank of America Stock Performance

Shares of NYSE:BAC opened at $63.97 on Friday. The company has a market capitalization of $447.30 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.02 and a beta of 1.17. The firm’s 50 day simple moving average is $59.11 and its 200 day simple moving average is $54.05. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. Bank of America has a fifty-two week low of $46.12 and a fifty-two week high of $64.27.

Bank of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, September 4th. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. Bank of America’s dividend payout ratio (DPR) is 25.69%.

Hedge Funds Weigh In On Bank of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Turim 21 Investimentos Ltda. bought a new position in shares of Bank of America during the second quarter worth about $25,000. Abound Financial LLC bought a new stake in Bank of America in the 4th quarter valued at approximately $26,000. Wiser Advisor Group LLC acquired a new position in Bank of America during the 3rd quarter worth approximately $27,000. Legacy Bridge LLC boosted its position in Bank of America by 182.3% during the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 330 shares during the last quarter. Finally, CrossGen Wealth LLC bought a new position in shares of Bank of America during the 4th quarter worth approximately $30,000. 70.71% of the stock is owned by institutional investors and hedge funds.

About Bank of America

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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.