Brokerages Set Bank of America Corporation (NYSE:BAC) Target Price at $64.08

Posted by Stanley Muller on Sep 8th, 2026

Shares of Bank of America Corporation (NYSE:BAC) have earned a consensus rating of “Moderate Buy” from the twenty-seven analysts that are currently 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 12-month target price among analysts that have covered the stock in the last year is $64.0833.

A number of research firms recently commented on BAC. Jefferies Financial Group reissued a “buy” rating and set a $75.00 target price on shares of Bank of America in a research report on Tuesday, July 14th. Barclays upped their price target on Bank of America from $71.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Truist Financial increased their price objective on Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. Evercore set a $63.00 price objective on Bank of America and gave the stock an “outperform” rating in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods boosted their target price on Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th.

Get Our Latest Stock Analysis on Bank of America

Bank of America Stock Performance

Shares of Bank of America stock opened at $62.64 on Thursday. The company has a market capitalization of $438.03 billion, a PE ratio of 14.37, a P/E/G ratio of 1.00 and a beta of 1.15. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. The company has a 50-day simple moving average of $61.74 and a two-hundred day simple moving average of $55.29. Bank of America has a one year low of $46.12 and a one year high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The business had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $30.78 billion. During the same period last year, the business earned $0.89 EPS. The company’s revenue was up 19.6% compared to the same quarter last year. Research analysts expect that Bank of America will post 4.68 EPS for the current fiscal year.

Bank of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.32 dividend. This is a boost from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. Bank of America’s dividend payout ratio is 29.36%.

Hedge Funds Weigh In On Bank of America

Several hedge funds have recently modified their holdings of BAC. Total Clarity Wealth Management Inc. boosted its stake in Bank of America by 3.6% in the 2nd quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 168 shares in the last quarter. Orca Wealth Management LLC increased its stake in Bank of America by 0.5% during the 2nd quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock valued at $1,999,000 after purchasing an additional 179 shares in the last quarter. Financial Consulate Inc. raised its holdings in shares of Bank of America by 4.0% in the second quarter. Financial Consulate Inc. now owns 4,741 shares of the financial services provider’s stock worth $270,000 after buying an additional 181 shares during the last quarter. Money Concepts Capital Corp raised its holdings in shares of Bank of America by 3.8% in the fourth quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock worth $273,000 after buying an additional 182 shares during the last quarter. Finally, Bedel Financial Consulting Inc. lifted its stake in shares of Bank of America by 1.1% during the second quarter. Bedel Financial Consulting Inc. now owns 16,456 shares of the financial services provider’s stock worth $938,000 after buying an additional 184 shares during the period. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Company Profile

(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.