Erste Group Bank Predicts Bank of America FY2026 Earnings

Bank of America Corporation (NYSE:BAC) – Analysts at Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for shares of Bank of America in a research note issued on Wednesday, July 15th. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings of $4.53 per share for the year, up from their prior forecast of $4.47. The consensus estimate for Bank of America’s current full-year earnings is $4.64 per share. Erste Group Bank also issued estimates for Bank of America’s FY2027 earnings at $5.13 EPS.

Other equities analysts have also issued reports about the stock. Barclays increased their price target on shares of Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of Bank of America from $61.00 to $67.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. HSBC upped their target price on shares of Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Royal Bank Of Canada increased their target price on shares of Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, The Goldman Sachs Group lifted their price target on shares of Bank of America from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $63.77.

Bank of America Price Performance

BAC stock opened at $61.18 on Friday. The business has a 50 day moving average price of $55.30 and a 200 day moving average price of $53.15. The stock has a market cap of $434.16 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.99 and a beta of 1.17. Bank of America has a fifty-two week low of $44.75 and a fifty-two week high of $62.12. The company has a quick ratio of 0.81, a current ratio of 0.83 and a debt-to-equity ratio of 1.23.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The business had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $30.78 billion. During the same quarter in the prior year, the business posted $0.89 EPS. The business’s revenue for the quarter was up 19.6% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Abound Financial LLC acquired a new position in Bank of America in the 4th quarter valued at about $26,000. Legacy Bridge LLC lifted its position in Bank of America by 182.3% during the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 330 shares during the period. Wiser Advisor Group LLC acquired a new stake in Bank of America during the 3rd quarter worth approximately $27,000. CrossGen Wealth LLC purchased a new position in shares of Bank of America in the 4th quarter valued at approximately $30,000. Finally, Joseph Group Capital Management purchased a new position in shares of Bank of America in the 4th quarter valued at approximately $32,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bank of America

In other news, insider Geoffrey S. Greener sold 126,756 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the transaction, the insider directly owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. This trade represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Bank of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were paid a $0.28 dividend. The ex-dividend date was Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Bank of America’s payout ratio is currently 27.72%.

Bank of America News Roundup

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

• Positive Sentiment: Bank of America declared regular cash dividends on multiple preferred stock series, reinforcing its continued capital return to shareholders. Bank of America Declares Preferred Stock Dividends Payable in August and September 2026
• Positive Sentiment: Multiple firms lifted their outlooks on BAC, including higher earnings estimates for FY2026 and FY2027, suggesting improving expectations for profitability. Bank of America stock page
• Positive Sentiment: Bank of America’s recent Q2 results were broadly strong, with the company topping estimates and benefiting from robust trading and deal activity, which has helped support investor confidence in the stock. BofA rides market whiplash to trading records, deal activity shines
• Neutral Sentiment: Bank of America also announced internal AI leadership appointments to accelerate AI adoption in its global markets business, a strategic move that could improve efficiency over time but is not an immediate earnings driver. BofA names senior executives to drive AI adoption in global markets-memo

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.