Wall Street Zen Upgrades Bank of America (NYSE:BAC) to “Hold”

Bank of America (NYSE:BAC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

BAC has been the topic of a number of other research reports. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a report on Thursday, October 30th. Phillip Securities increased their target price on Bank of America from $50.00 to $56.00 in a report on Tuesday, October 21st. Wolfe Research raised their target price on Bank of America from $57.00 to $58.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price target on Bank of America from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, HSBC upped their price target on Bank of America from $51.00 to $53.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Twenty-three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.59.

Bank of America Stock Down 0.1%

Shares of Bank of America stock opened at $56.20 on Friday. The stock’s fifty day moving average is $53.45 and its 200-day moving average is $50.26. The firm has a market capitalization of $410.36 billion, a PE ratio of 15.31 and a beta of 1.30. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.12. Bank of America has a 12-month low of $33.06 and a 12-month high of $56.55.

Bank of America (NYSE:BAC) last released its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $27.05 billion. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.Bank of America’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. Equities analysts anticipate that Bank of America will post 3.7 earnings per share for the current year.

Institutional Trading of Bank of America

A number of institutional investors have recently added to or reduced their stakes in the business. Nova Wealth Management Inc. boosted its holdings in Bank of America by 75.2% in the second quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 227 shares in the last quarter. Quaker Wealth Management LLC lifted its position in shares of Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after buying an additional 880 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Bank of America during the 3rd quarter worth about $27,000. RMG Wealth Management LLC acquired a new position in shares of Bank of America during the 2nd quarter valued at about $28,000. Finally, Steph & Co. increased its holdings in shares of Bank of America by 224.3% during the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 379 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Key Stores Impacting Bank of America

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

• Positive Sentiment: Analysts collectively rate BAC as a “Moderate Buy,” supporting demand from institutional investors and reinforcing bullish sentiment. Bank of America Corporation (NYSE:BAC) Receives Consensus Recommendation of “Moderate Buy” from Analysts
• Positive Sentiment: Several retail-investor pieces argue BAC is a buy/hold for 2026, citing market-share opportunities (weak regional banks), growing consumer banking and investment services, and scale advantages that can lift earnings. Is Bank of America Stock a Buy, Sell, or Hold in 2026?
• Positive Sentiment: Analysis suggests BAC’s NII trough may be passing, which would support margin recovery if loan volumes and yields stabilize — a potential catalyst for earnings upside. Bank of America: The NII Trough May Be A Turning Point
• Positive Sentiment: Price‑target/forecast pieces note strong YTD performance and recovery from 2025 lows, offering bullish medium‑term projections that can support investor confidence. Bank of America (NYSE: BAC) Stock Price Prediction and Forecast 2026-2030 (January 2026)
• Neutral Sentiment: Unusual options activity has been reported on BAC — signals elevated positioning but ambiguous on direction; watch for large block trades or concentrated strikes that could drive short-term moves. Bank of America Unusual Options Activity
• Neutral Sentiment: Analyst blogs comparing big banks (Wells, BAC, Citi) note these lenders stand to benefit from eventual Fed rate cuts via loan growth and fee income — a tailwind that’s timing‑dependent. The Zacks Analyst Blog Wells Fargo, Bank of America and Citigroup
• Neutral Sentiment: Company consumer-research (Gen Z “treat culture”) and media coverage are informative for card/consumer spend trends but are unlikely to move the stock materially on their own. Gen Z spends hundreds a month on ‘treat culture,’ justifying it with the challenges of daily life—but that’s a ‘slippery slope,’ Bank of America says
• Neutral Sentiment: Broader fintech/market moves (e.g., Robinhood product pushes) are mentioned in industry coverage and can shift payment or custody fee dynamics over time, but immediate impact on BAC is uncertain. Robinhood’s NFL Parlay Push Could Turn Prediction Markets Into a Real Revenue Engine (BAC)

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.