Bank of America (NYSE:BAC) Price Target Cut to $62.00 by Analysts at Daiwa Capital Markets

Bank of America (NYSE:BAC) had its price target reduced by Daiwa Capital Markets from $66.00 to $62.00 in a research note issued to investors on Tuesday,MarketScreener reports. They currently have a buy rating on the financial services provider’s stock.

Several other research firms have also recently commented on BAC. Morgan Stanley cut their price target on Bank of America from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. HSBC upgraded Bank of America from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Wednesday, January 7th. Barclays boosted their price target on shares of Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Dbs Bank raised shares of Bank of America to a “moderate buy” rating in a research note on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Bank of America from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Bank of America Price Performance

Shares of NYSE BAC opened at $52.20 on Tuesday. The firm has a 50-day simple moving average of $54.08 and a 200-day simple moving average of $51.46. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $381.16 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 1.27 and a beta of 1.29. Bank of America has a 52 week low of $33.06 and a 52 week high of $57.55.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The company had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter in the prior year, the company earned $0.82 EPS. Bank of America’s revenue was up 12.3% compared to the same quarter last year. On average, equities analysts predict that Bank of America will post 3.7 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bank of America

A number of institutional investors have recently modified their holdings of BAC. Brighton Jones LLC boosted its stake in shares of Bank of America by 30.0% in the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after purchasing an additional 25,143 shares during the period. Sivia Capital Partners LLC boosted its position in Bank of America by 40.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after buying an additional 6,174 shares during the period. Sound Income Strategies LLC grew its stake in shares of Bank of America by 22.1% in the second quarter. Sound Income Strategies LLC now owns 26,714 shares of the financial services provider’s stock worth $1,264,000 after acquiring an additional 4,831 shares in the last quarter. Archford Capital Strategies LLC increased its position in shares of Bank of America by 17.6% during the second quarter. Archford Capital Strategies LLC now owns 7,580 shares of the financial services provider’s stock worth $359,000 after acquiring an additional 1,134 shares during the period. Finally, Kavar Capital Partners Group LLC raised its stake in shares of Bank of America by 14.5% in the second quarter. Kavar Capital Partners Group LLC now owns 19,731 shares of the financial services provider’s stock valued at $934,000 after acquiring an additional 2,502 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Bank of America News Roundup

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

• Positive Sentiment: MarketBeat / analysis pieces argue BAC’s pullback has left it at an attractive, below‑market P/E and many sell‑side firms still see ~25%+ upside, supporting buying interest. Bank of America’s Rock-Bottom P/E and 25% Upside Potential
• Positive Sentiment: Goldman Sachs raised its price target on BAC to $67 and reiterated a Buy, a bullish signal that can drive demand. Goldman Sachs raises price target
• Positive Sentiment: Disclosure that Flutter Entertainment holds a major stake in Bank of America signals institutional buying/interest from an unexpected investor type, which can be supportive for the stock. Flutter Entertainment reveals major Bank of America stake
• Neutral Sentiment: Bank of America is hosting/anchoring conferences (e.g., Bank of America Securities Financial Services Conference) where firms present — normal industry activity that increases visibility but has limited immediate impact on BAC’s fundamentals. GCM Grosvenor to Present at the Bank of America Securities Financial Services Conference
• Neutral Sentiment: Analyst writeups (Zacks, TipRanks, Yahoo roundup) highlight BAC’s Q4 loan mix (commercial strength) and analyst target ranges — useful for investors but largely reiterative. What Are Wall Street Analysts’ Target Price for Bank of America Stock?
• Neutral Sentiment: BofA research calls (gold to $6,000, AI chip stock picks) keep the bank in headlines for macro/sector views; these are reputation/flows items but not direct drivers of BAC’s near‑term earnings. Bank Of America Calls For $6,000 Gold In 2026
• Negative Sentiment: Daiwa trimmed its price target from $66 to $62 (though it kept a Buy rating), a signal that some analysts are moderating estimates — can cap near‑term upside. Daiwa lowers price target
• Negative Sentiment: Regulatory risk: coverage about BAC evaluating new 10% credit‑card offerings and broader discussion of a proposed 10% cap on card APRs remain a material earnings risk for consumer‑finance income if enacted. Bank of America evaluates new credit cards with 10% rate
• Negative Sentiment: Recent pullback appears partly macro/driven (risk‑off/geopolitical headlines); that broader sentiment, not BAC fundamentals, has pressured the stock and could keep volatility high. BAC stock profile

Bank of America Company Profile

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.