Bank of America Corporation (NYSE:BAC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Bank of America Corporation (NYSE:BAC) have been given a consensus recommendation of “Moderate Buy” by the twenty-seven research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $59.5417.

Several analysts have recently commented on the company. Argus raised their target price on Bank of America from $58.00 to $59.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Jefferies Financial Group began coverage on Bank of America in a research note on Thursday, March 26th. They issued a “buy” rating and a $60.00 price objective for the company. Oppenheimer decreased their price objective on Bank of America from $63.00 to $58.00 and set an “outperform” rating for the company in a research report on Friday, March 27th. Evercore set a $59.00 target price on Bank of America in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada upped their target price on Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, December 12th.

Key Bank of America News

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

• Positive Sentiment: HSBC upgraded BAC to a “Buy,” a near‑term lift as a respected shop adding conviction to the stock amid broader bank‑sector momentum. HSBC Upgrades Bank of America
• Positive Sentiment: Barclays reiterated its Buy on BAC, reinforcing analyst support and likely helping limit downside from other negative headlines. Barclays Sticks to Its Buy Rating
• Positive Sentiment: Analysis highlights BAC’s robust capital‑return plan (record earnings, $40B buyback and steady dividend hikes) — a structural tailwind that supports the stock’s valuation and investor demand. Capital Return Strategy
• Neutral Sentiment: Preliminary approval of a $72.5M settlement with Epstein accusers removes some legal uncertainty but represents an immediate cash cost — mixed for near‑term EPS but clears an overhang. Settlement Approval
• Neutral Sentiment: Bank of America disclosed a 3.01% voting stake in Qiagen — a portfolio/strategic holding disclosure that is unlikely to move BAC’s core earnings but is notable for asset‑management transparency. Qiagen Voting Stake
• Neutral Sentiment: Bank of America data on card‑spending trends (furniture/department stores down, gas station spending up) signals shifting consumer patterns that will shape fee and interchange trends — watch consumer credit and transaction volumes. Card Spending Trends
• Negative Sentiment: Morgan Stanley trimmed its BAC price target to $61 — a downward revision that can pressure sentiment even if the rating remains constructive. Morgan Stanley Cuts Price Target
• Negative Sentiment: A foiled bomb plot targeting a Bank of America Paris branch and subsequent remote‑work measures have drawn attention to the bank’s geopolitical and physical‑security exposure; while arrests and pre‑trial detentions reduce immediate threat, the headlines raise operational‑risk sensitivity. Foiled Paris Bomb Plot and Remote‑Work Shift

Bank of America Stock Down 0.0%

BAC stock opened at $49.37 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market capitalization of $352.75 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.20 and a beta of 1.23. Bank of America has a 52-week low of $33.06 and a 52-week high of $57.55. The company’s 50 day simple moving average is $50.68 and its 200-day simple moving average is $52.22.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 12.3% on a year-over-year basis. As a group, equities research analysts anticipate that Bank of America will post 3.7 EPS for the current year.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, March 6th. Bank of America’s dividend payout ratio is currently 29.24%.

Insiders Place Their Bets

In other news, insider Thomas M. Scrivener sold 50,000 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the transaction, the insider directly owned 227,973 shares of the company’s stock, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bernard A. Mensah sold 94,000 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the sale, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. This represents a 35.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 227,832 shares of company stock worth $11,094,960 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. J. Derek Lewis & Associates Inc. acquired a new position in Bank of America in the 4th quarter worth about $1,298,000. Purpose Unlimited Inc. acquired a new stake in shares of Bank of America during the 4th quarter valued at about $65,000. Cornerstone Planning LLC bought a new stake in shares of Bank of America in the 4th quarter valued at approximately $4,250,000. Bank of New Hampshire grew its stake in shares of Bank of America by 1.8% in the 4th quarter. Bank of New Hampshire now owns 53,504 shares of the financial services provider’s stock valued at $2,943,000 after buying an additional 956 shares in the last quarter. Finally, World Investment Advisors increased its holdings in Bank of America by 45.1% in the fourth quarter. World Investment Advisors now owns 244,191 shares of the financial services provider’s stock worth $13,431,000 after buying an additional 75,920 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

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.