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

Bank of America Corporation (NYSE:BAC) has earned a consensus recommendation of “Moderate Buy” from the twenty-nine analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $59.7391.

A number of research analysts have weighed in on BAC shares. Ameriprise Financial upgraded Bank of America to a “buy” rating in a report on Wednesday, October 22nd. Keefe, Bruyette & Woods reduced their target price on shares of Bank of America from $64.00 to $63.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. Royal Bank Of Canada raised their price target on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Robert W. Baird upped their price objective on shares of Bank of America from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Finally, Wolfe Research downgraded shares of Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th.

Bank of America Price Performance

NYSE:BAC opened at $52.09 on Wednesday. The stock has a 50 day moving average of $54.13 and a two-hundred day moving average of $51.29. Bank of America has a 12 month low of $33.06 and a 12 month high of $57.55. The firm has a market cap of $380.37 billion, a P/E ratio of 13.60 and a beta of 1.29. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15.

Bank of America (NYSE:BAC) last issued its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The firm had revenue of $28.53 billion for the quarter, compared to analyst estimates of $27.73 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. On average, analysts expect that Bank of America will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is currently 29.24%.

Hedge Funds Weigh In On Bank of America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BAC. Voisard Asset Management Group Inc. grew its position in Bank of America by 9.0% in the fourth quarter. Voisard Asset Management Group Inc. now owns 7,139 shares of the financial services provider’s stock worth $393,000 after acquiring an additional 591 shares during the period. Secure Asset Management LLC raised its position in Bank of America by 2.6% in the fourth quarter. Secure Asset Management LLC now owns 53,762 shares of the financial services provider’s stock valued at $2,957,000 after purchasing an additional 1,381 shares during the period. Independence Bank of Kentucky lifted its stake in shares of Bank of America by 1.3% in the 4th quarter. Independence Bank of Kentucky now owns 51,574 shares of the financial services provider’s stock valued at $2,837,000 after purchasing an additional 664 shares during the last quarter. Braun Stacey Associates Inc. lifted its stake in shares of Bank of America by 0.5% in the 4th quarter. Braun Stacey Associates Inc. now owns 511,472 shares of the financial services provider’s stock valued at $28,131,000 after purchasing an additional 2,436 shares during the last quarter. Finally, Westwood Wealth Management purchased a new position in shares of Bank of America during the 4th quarter worth $278,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America News Summary

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

• Positive Sentiment: CEO outlook: BofA CEO Brian Moynihan upgraded the bank’s economic view, forecasting ~2.8% GDP growth for 2026 and saying consumer spending looks stronger than the Street expects — a backdrop that would support loan growth, fee income and net interest income for BAC. Bank of America CEO sees stronger 2026 economy, says Wall Street may be underetimating growth
• Positive Sentiment: Sector tailwind: Multiple pieces argue bank stocks could outperform in 2026 (dividend and earnings upside as rates and growth normalize), which supports a constructive view on BAC as a large-cap bank beneficiary. Why Bank Stocks Could Surprise Investors in 2026—3 Dividend Plays to Consider
• Positive Sentiment: Rate sensitivity highlighted: Commentators including Jim Cramer and recent analyst notes emphasize BAC benefits from higher rates (improving net interest margin), reinforcing the case that a sustained rise in rates would be a clear earnings tailwind. Bank of America (BAC) Needs Higher Rates, Says Jim Cramer
• Neutral Sentiment: Employee award: BofA will grant $1 billion in stock to non-executive employees via its Sharing Success Program (9th consecutive year). This is broadly positive for retention/ morale but is a compensation expense to monitor; market reaction tends to be muted. BofA Awards $1 Billion in Stock through Sharing Success Program to Non-Executive Employees
• Neutral Sentiment: Research notes & risks: BofA research has flagged a set of “10 market surprises” and continues to publish comparative and valuation pieces on BAC and peers — these reports can amplify intra-day moves but are informational rather than company-specific catalysts. Bank of America Flags 10 Market Surprises
• Neutral Sentiment: BofA Securities activity: A Bank of America Securities analyst reiterated a Sell on Moderna (Moderna-focused research item) — this highlights BofA’s active research franchise but does not directly affect BAC’s fundamentals. Moderna: Intismeran Upside Insufficient to Offset Commercial, Pipeline, and Legal Risks; Maintain Sell Rating

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.