Bank of America (NYSE:BAC) Price Target Lowered to $57.00 at The Goldman Sachs Group

Bank of America (NYSE:BAC) had its price objective cut by The Goldman Sachs Group from $67.00 to $57.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

BAC has been the subject of a number of other research reports. Daiwa Securities Group cut their target price on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a research note on Tuesday, January 27th. Morgan Stanley decreased their price target on shares of Bank of America from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Royal Bank Of Canada lifted their price objective on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Erste Group Bank lowered Bank of America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Tuesday, January 27th. Twenty-one research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.87.

Bank of America Trading Up 0.7%

Shares of NYSE:BAC opened at $47.50 on Monday. The business’s 50 day moving average price is $51.44 and its 200-day moving average price is $52.34. Bank of America has a 1 year low of $33.06 and a 1 year high of $57.55. The firm has a market capitalization of $340.92 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.28. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80.

Bank of America (NYSE:BAC) last issued 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 company had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm’s 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, equities research analysts forecast that Bank of America will post 3.7 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, March 6th. Bank of America’s dividend payout ratio is currently 29.24%.

Insider Buying and Selling at Bank of America

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction dated 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 completion of the sale, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bernard A. Mensah sold 94,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total transaction of $4,412,360.00. Following the completion of the transaction, the insider directly owned 170,184 shares in the company, valued at $7,988,436.96. This trade represents a 35.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 227,832 shares of company stock worth $11,094,960. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Bank of America

A number of institutional investors have recently added to or reduced their stakes in the stock. DecisionMap Wealth Management LLC raised its holdings in shares of Bank of America by 4.7% during the 4th quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 182 shares during the period. Money Concepts Capital Corp grew its holdings in shares of Bank of America by 3.8% in the fourth quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 182 shares during the period. Holistic Financial Partners increased its position in Bank of America by 2.4% during the fourth quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 183 shares during the last quarter. Operose Advisors LLC increased its position in Bank of America by 0.9% during the fourth quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock worth $1,123,000 after purchasing an additional 185 shares during the last quarter. Finally, Asahi Life Asset Management CO. LTD. raised its stake in Bank of America by 1.0% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider’s stock worth $1,092,000 after purchasing an additional 187 shares during the period. Hedge funds and other institutional investors 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: Recent fundamentals: BAC reported an EPS beat in its latest quarter and showed revenue growth year-over-year, supporting investor confidence in earnings power and dividend coverage (recent earnings release/summary).
• Positive Sentiment: Dividend appeal: Coverage noting BAC as a top dividend stock is drawing income-focused buyers who value the bank’s yield and payout sustainability. Bank of America (BAC) is a Top Dividend Stock Right Now: Should You Buy?
• Positive Sentiment: Community/ESG outreach: Launch of a nationwide “Soccer at Schools” initiative with U.S. Soccer positions BAC well on community engagement and ESG narratives that can support long-term brand value. U.S. Soccer, Soccer Forward Foundation and Bank of America Launch ‘Soccer at Schools’
• Neutral Sentiment: Regulatory filing: BAC filed its 2025 Form 10‑K with the UK National Storage Mechanism — a standard compliance disclosure that keeps filings up to date but is not expected to move the stock materially. Bank of America Files 2025 Form 10-K
• Neutral Sentiment: Brand narrative: CEO Brian Moynihan’s letter on Bank of America’s historical role (250th anniversary context) is positive PR but unlikely to drive near-term share moves. Bank of America’s legacy of building the American dream
• Neutral Sentiment: BofA research flow: The bank’s investment research is active (notes on Apple’s planned foldable iPhone and ASML coverage). This highlights trading/research revenue potential but affects BAC indirectly. Apple preparing first foldable iPhone for 2026 launch ASML stock surges as analysts reaffirm AI chip momentum
• Negative Sentiment: Analyst target cut: Goldman Sachs lowered its price target on BAC from $67 to $57 while keeping a Buy rating — the cut trims upside expectations and can put downward pressure on the stock despite the Buy call. Goldman Sachs lowers BAC price target
• Negative Sentiment: Sector credit watch: Citigroup reported stable delinquencies but rising net charge-offs in credit cards, signaling potential credit-cost pressure across big banks if consumer stress broadens — a risk investors watch closely for BAC’s loan-loss outlook. Citigroup’s Card Delinquencies Stable, Charge-Offs Rise

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.