The Goldman Sachs Group Issues Positive Forecast for Bank of America (NYSE:BAC) Stock Price

Bank of America (NYSE:BAC) had its target price hoisted by The Goldman Sachs Group from $65.00 to $67.00 in a report issued on Monday morning,MarketScreener reports. The Goldman Sachs Group currently has a buy rating on the financial services provider’s stock.

A number of other brokerages also recently commented on BAC. Royal Bank Of Canada lifted their target price 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. Dbs Bank upgraded shares of Bank of America to a “moderate buy” rating in a report on Wednesday, October 22nd. Wall Street Zen cut Bank of America from a “hold” rating to a “sell” rating in a report on Monday, January 5th. Oppenheimer increased their price objective on Bank of America from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Finally, Barclays lifted their target price on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of America presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.83.

Bank of America Stock Performance

NYSE BAC opened at $52.04 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s fifty day moving average is $54.07 and its two-hundred day moving average is $51.42. The firm has a market capitalization of $380.02 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.26 and a beta of 1.29. Bank of America has a fifty-two week low of $33.06 and a fifty-two week high of $57.55.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.96 by $0.02. The business had revenue of $4.53 billion for the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.82 EPS. On average, research analysts anticipate that Bank of America will post 3.7 earnings per share for the current year.

Hedge Funds Weigh In On Bank of America

Several institutional investors have recently bought and sold shares of BAC. Norges Bank acquired a new stake in shares of Bank of America in the second quarter valued at $5,091,641,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Bank of America by 640.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after purchasing an additional 40,235,201 shares during the period. Capital World Investors raised its position in Bank of America by 11.0% in the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after purchasing an additional 14,275,810 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Bank of America by 124.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 17,619,837 shares of the financial services provider’s stock valued at $833,771,000 after buying an additional 9,782,208 shares during the period. Finally, Danske Bank A S acquired a new position in shares of Bank of America during the third quarter worth about $224,863,000. 70.71% of the stock is owned by institutional investors and hedge funds.

Key Bank of America News

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

• Positive Sentiment: Goldman Sachs raised its price target on BAC to $67 and kept a Buy rating, giving the stock explicit analyst upside and supporting investor sentiment. Goldman Sachs adjusts price target on Bank of America to $67 from $65; maintains Buy rating
• Neutral Sentiment: Reports say BAC is weighing new credit‑card offerings with a ~10% rate to align with current policy aims — could raise loan growth and NII if launched, but execution, demand and credit risk are uncertain. Bank of America Corporation (BAC) Evaluates New Credit Cards With 10% Rate
• Neutral Sentiment: Bank of America research boosted its 2026 gold forecast to $6,000 — a signal of NAB’s macro/commodities stance and research influence, but limited direct impact on BAC’s near‑term earnings. Bank Of America Calls For $6,000 Gold In 2026
• Neutral Sentiment: Sector Q4 recaps benchmarking BAC highlight mixed results vs peers — useful for positioning but not a single catalyst. Diversified banks stocks Q4 recap: Benchmarking Bank of America (NYSE:BAC)
• Neutral Sentiment: BofA Securities analysts continue active coverage and buy calls on other names (e.g., InterContinental, Smith & Nephew), underscoring the firm’s research franchise which modestly supports fee revenue and reputation. InterContinental Hotels: Buy Rating on Renewed Buybacks, Valuation Upside and Solid RevPAR Fundamentals
• Negative Sentiment: Wolfe Research cut BAC to Peer Perform citing limited growth and rising expense pressures for 2026 — expense risk is a direct margin threat and a clear negative for EPS trajectory. Bank of America (BAC) Faces Long-Term Risks From Rising Expense Pressures
• Negative Sentiment: Media coverage highlights a recent BofA market warning described as a “brutal” alert to investors — such cautionary notes can weigh on trading revenue expectations and investor risk appetite. Bank of America drops brutal stock market alert investors must not ignore

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.