Bank of America (NYSE:BAC) Price Target Cut to $57.50 by Analysts at JPMorgan Chase & Co.

Bank of America (NYSE:BAC) had its target price cut by JPMorgan Chase & Co. from $61.50 to $57.50 in a research report released on Tuesday, MarketBeat Ratings reports. They currently have an overweight rating on the financial services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Truist Financial dropped their price objective on shares of Bank of America from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, January 15th. Erste Group Bank cut shares of Bank of America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. Daiwa Securities Group decreased their price objective on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. Wall Street Zen raised shares of Bank of America from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, HSBC raised shares of Bank of America from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Wednesday, April 1st. Twenty-three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Bank of America currently has a consensus rating of “Moderate Buy” and an average target price of $58.90.

Bank of America Stock Performance

Shares of BAC stock opened at $50.26 on Tuesday. Bank of America has a 12 month low of $33.06 and a 12 month high of $57.55. 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 $359.15 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.20 and a beta of 1.23. The company’s fifty day moving average price is $50.61 and its two-hundred day moving average price is $52.19.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 16.23% and a return on equity of 11.07%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 EPS. On average, research analysts anticipate that Bank of America will post 3.7 earnings per share for the current fiscal year.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were given a $0.28 dividend. The ex-dividend date was Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a yield of 2.2%. Bank of America’s dividend payout ratio is presently 29.24%.

Insider Activity

In other news, insider Thomas M. Scrivener sold 50,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total transaction of $2,491,000.00. Following the transaction, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. This trade represents a 17.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider James P. Demare sold 83,832 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the transaction, the insider owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 227,832 shares of company stock worth $11,094,960. 0.27% of the stock is owned by corporate insiders.

Institutional Trading of Bank of America

Several institutional investors have recently made changes to their positions in the business. DecisionMap Wealth Management LLC boosted its position 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 valued at $223,000 after acquiring an additional 182 shares in the last quarter. Money Concepts Capital Corp lifted its holdings in Bank of America by 3.8% during the 4th 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 last quarter. Holistic Financial Partners lifted its position in shares of 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 in the last quarter. Operose Advisors LLC lifted its position in shares of 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 in the last quarter. Finally, Asahi Life Asset Management CO. LTD. lifted its position in shares of 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 in the last quarter. 70.71% of the stock is currently owned by institutional investors and hedge funds.

More Bank of America News

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

• Positive Sentiment: Evercore ISI reaffirmed a Buy stance on BAC, providing direct dealer support for the stock and helping investor confidence. Evercore ISI Sticks to Its Buy Rating for Bank of America (BAC)
• Positive Sentiment: Goldman Sachs raised its price target to $58 (maintained Buy), a constructive signal that may attract buyers given BAC’s valuation and dividend/buyback story. Goldman raises BAC PT to $58
• Positive Sentiment: Strategic/operational recognition: BofA was named the No.1 global OCIO provider for nonprofits in 2025, highlighting fee-business strength and long-term client relationships that support non‑interest revenue. BofA Named No.1 Nonprofit OCIO Provider Globally in 2025
• Neutral Sentiment: Preview/earnings context: Analysts and commentaries flag the upcoming Q1 report as pivotal for 2026 guidance — the market is focused more on earnings stability than upside reacceleration. This keeps volatility possible but doesn’t decisively change the medium-term thesis. Bank of America Earnings: A Pivotal Report For 2026 Expectations
• Neutral Sentiment: Sector/context: BofA analysts expect US banks to deliver broadly in‑line to slightly better Q1 results; sector tailwinds from NII remain but are increasingly questioned. This supports the name relative to peers but keeps results event-driven. US banks set to deliver solid first quarter results
• Neutral Sentiment: Relative positioning: comparison pieces (e.g., BAC vs PNC) and long‑term bull commentary keep BAC in investors’ focus as a scale-driven bank, but these are background factors rather than immediate catalysts. BAC vs. PNC: Which Wins When Picking Between Scale & Stability?
• Negative Sentiment: Several firms trimmed price targets (JPMorgan to $57.50, Daiwa to $58, Evercore Inc. to $55, Autonomous to $54). While many maintained buy/overweight stances, the downward PT revisions cap near‑term upside and signal caution from analysts. JPMorgan lowers BAC PT Daiwa lowers BAC PT
• Negative Sentiment: Macro/earnings risk: commentary notes that much downside may already be priced in, but the fading rate tailwind and sensitivity of NII to Fed moves remain a tangible downside risk heading into Q1. Bank Of America: Heading Into Q1 With More Priced In Than Left To Price Rate tailwind fading

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.