Erste Group Bank Predicts Bank of America FY2026 Earnings

Bank of America Corporation (NYSE:BAC) – Erste Group Bank increased their FY2026 earnings per share estimates for Bank of America in a research report issued on Thursday, April 2nd. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings per share of $4.34 for the year, up from their prior estimate of $4.32. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Bank of America’s current full-year earnings is $3.70 per share. Erste Group Bank also issued estimates for Bank of America’s FY2027 earnings at $4.97 EPS.

BAC has been the subject of several other research reports. Jefferies Financial Group started coverage on shares of Bank of America in a research report on Thursday, March 26th. They issued a “buy” rating and a $60.00 target price for the company. Argus lifted their target price on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. cut their target price on Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods cut their target price on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada lifted their target price on Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Twenty-three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average price target of $59.10.

Bank of America Price Performance

NYSE BAC opened at $51.91 on Wednesday. Bank of America has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15. The stock has a market cap of $370.90 billion, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. The company has a 50-day moving average price of $50.61 and a two-hundred day moving average price of $52.19.

Bank of America (NYSE:BAC) last posted its 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. Bank of America had a net margin of 16.23% and a return on equity of 11.07%. The firm had revenue of $4.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. Bank of America’s quarterly revenue was up 12.3% on a year-over-year basis.

Hedge Funds Weigh In On Bank of America

Several large investors have recently made changes to their positions in BAC. Brighton Jones LLC increased its holdings in shares of Bank of America by 30.0% in the fourth quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock valued at $4,785,000 after buying an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Bank of America by 40.5% in the second quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after buying an additional 6,174 shares in the last quarter. Jump Financial LLC boosted its position in shares of Bank of America by 38.4% in the 2nd quarter. Jump Financial LLC now owns 65,677 shares of the financial services provider’s stock valued at $3,108,000 after purchasing an additional 18,227 shares during the period. Baker Avenue Asset Management LP boosted its position in shares of Bank of America by 4.2% in the 2nd quarter. Baker Avenue Asset Management LP now owns 66,793 shares of the financial services provider’s stock valued at $3,161,000 after purchasing an additional 2,671 shares during the period. Finally, WINTON GROUP Ltd boosted its position in shares of Bank of America by 367.5% in the 2nd quarter. WINTON GROUP Ltd now owns 67,337 shares of the financial services provider’s stock valued at $3,186,000 after purchasing an additional 52,933 shares during the period. Institutional investors own 70.71% of the company’s stock.

Insider Transactions at Bank of America

In other news, insider Bernard A. Mensah sold 94,000 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the sale, the insider owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was 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 directly owned 227,973 shares in the company, valued at $11,357,614.86. This represents a 17.99% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 227,832 shares of company stock valued at $11,094,960. Corporate insiders own 0.30% of the company’s stock.

Bank of America Dividend Announcement

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

More Bank of America News

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

• Positive Sentiment: Regulatory draft could free capital — Analysts estimate U.S. banks might be able to release up to ~$320 billion under proposed draft rules, which would meaningfully boost capital available for buybacks/dividends and improve return metrics for big banks like BAC. US banks could release $320 billion…
• Positive Sentiment: Momentum: BAC has extended a multi-session winning streak, reflecting improving investor sentiment ahead of earnings and helping lift the stock. Bank of America extends winning streak…
• Positive Sentiment: Product traction: CashPro app usage rose ~20% and clients are authorizing large payment flows in real time — a sign of fee-generating commercial client engagement and digital product strength. CashPro App Usage Rises 20%…
• Positive Sentiment: Analyst upgrades / research credibility: HSBC recently upgraded BAC to Buy (PT $55) and other research activity highlights BofA’s role as a prominent sell‑side shop — supporting investor confidence. A Downgraded Target for Bank of America…
• Neutral Sentiment: Capital/debt action: BAC announced the redemption of $3.0B of 3.559% senior notes due April 2027 — straightforward liability management that modestly alters the debt schedule but is not a surprise. Bank of America Announces Redemption…
• Neutral Sentiment: Estimates and research: Erste Group nudged up FY2026/FY2027 EPS estimates for BAC — small upward revisions that support fundamentals heading into Q1 results (reporting April 15). Erste Group raises EPS estimates…
• Negative Sentiment: Mixed/trimmed price targets: Several banks (UBS, JPMorgan, Daiwa, Truist) have trimmed price targets recently (though many kept buy/overweight ratings), which can cap upside and increase short-term volatility. UBS adjusts price target on Bank of America…
• Negative Sentiment: Conflicting forecasts: Some outlets and firms issued pessimistic near‑term forecasts for BAC, adding noise to the tape and pressuring sentiment despite other supportive signals. Autonomous Res issues pessimistic forecast…

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.