Morgan Stanley Issues Positive Forecast for Bank of America (NYSE:BAC) Stock Price

Posted by George Bondi on Jun 29th, 2026

Bank of America (NYSE:BAC) had its price objective hoisted by investment analysts at Morgan Stanley from $61.00 to $67.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 15.50% from the company’s current price.

BAC has been the subject of a number of other research reports. The Goldman Sachs Group boosted their price target on Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Daiwa Securities Group boosted their target price on shares of Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Robert W. Baird upped their price target on shares of Bank of America from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research note on Friday, April 24th. Finally, HSBC increased their price target on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. Twenty-two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Bank of America currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.60.

Check Out Our Latest Report on BAC

Bank of America Trading Up 0.2%

Shares of NYSE:BAC opened at $58.01 on Monday. The stock has a market cap of $411.65 billion, a PE ratio of 14.32, a P/E/G ratio of 0.98 and a beta of 1.19. The business has a 50 day moving average of $53.36 and a 200-day moving average of $52.67. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. Bank of America has a 12-month low of $44.75 and a 12-month high of $59.19.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.11. The firm had revenue of $30.27 billion during the quarter, compared to the consensus estimate of $29.72 billion. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 EPS. As a group, equities research analysts forecast that Bank of America will post 4.47 earnings per share for the current year.

Insider Activity

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $72,803,774.97. This trade represents a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bank of America

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Abound Financial LLC purchased a new stake in Bank of America in the 4th quarter valued at $26,000. Wiser Advisor Group LLC purchased a new stake in shares of Bank of America during the 3rd quarter valued at $27,000. Legacy Bridge LLC increased its position in shares of Bank of America by 182.3% during the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 330 shares during the last quarter. CrossGen Wealth LLC bought a new stake in shares of Bank of America during the 4th quarter worth $30,000. Finally, Joseph Group Capital Management purchased a new position in shares of Bank of America in the 4th quarter worth about $32,000. 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.