Brokerages Set Bank of America Corporation (NYSE:BAC) PT at $60.30

Shares of Bank of America Corporation (NYSE:BAC) have received a consensus rating of “Moderate Buy” from the twenty-six analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $60.3043.

BAC has been the topic of a number of analyst reports. Piper Sandler lifted their price target on Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Morgan Stanley cut their price objective on Bank of America from $68.00 to $64.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. HSBC raised their target price on Bank of America from $55.00 to $57.00 and gave the company a “hold” rating in a report on Friday, February 6th. Wolfe Research cut shares of Bank of America from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada increased their price target on shares of Bank of America from $56.00 to $59.00 and gave the company an “outperform” rating in a report on Friday, December 12th.

Bank of America Price Performance

Shares of NYSE:BAC opened at $46.79 on Thursday. Bank of America has a 52 week low of $33.06 and a 52 week high of $57.55. The company has a 50-day moving average price of $51.95 and a 200 day moving average price of $52.40. The company has a market cap of $335.78 billion, a P/E ratio of 12.22, a PEG ratio of 1.15 and a beta of 1.28. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

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

Bank of America Announces Dividend

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

Insider Buying and Selling at Bank of America

In related news, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the sale, the insider owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the transaction, the insider directly owned 170,184 shares of the company’s stock, valued at $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 227,832 shares of company stock valued at $11,094,960. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Bank of America

Several large investors have recently bought and sold shares of BAC. Brighton Jones LLC boosted its position in shares of Bank of America by 30.0% in the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after buying an additional 25,143 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Bank of America by 40.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 21,401 shares of the financial services provider’s stock valued at $1,013,000 after acquiring an additional 6,174 shares in the last quarter. National Pension Service increased its holdings in Bank of America by 4.2% during the 2nd quarter. National Pension Service now owns 13,512,376 shares of the financial services provider’s stock valued at $639,406,000 after acquiring an additional 542,102 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Bank of America by 1.6% during the second quarter. SBI Securities Co. Ltd. now owns 118,101 shares of the financial services provider’s stock worth $5,589,000 after acquiring an additional 1,807 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Bank of America by 1.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,343,175 shares of the financial services provider’s stock worth $158,199,000 after acquiring an additional 44,016 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: Bank of America raised its hyperscaler debt forecast — more large tech bond issuance (e.g., Amazon’s $54B deal) could lift investment‑banking and markets fees. BofA Lifts Hyperscaler Debt Forecast
• Positive Sentiment: BofA updated oil/energy views after a supply shock — the bank now expects higher Brent prices for 2026, which can boost corporate activity and trading revenue tied to energy clients. Oil shock lifts BofA outlook on US energy
• Positive Sentiment: Digital experience strength — Keynova’s Q1 mobile scorecard ties Bank of America for the No.1 mobile app, supporting its consumer franchise and deposit retention. Banks Strengthen Mobile Account Opening
• Positive Sentiment: Management outreach: BAC presented at the RBC conference emphasizing strategic priorities and a constructive outlook — useful for investors assessing guidance and capital deployment. BAC Presents at RBC Conference
• Neutral Sentiment: BofA research remains bullish on Nvidia and is recommending buying NVDA on dips — positive for BofA’s research reputation and potential trading flows but not a direct driver of BAC operating results. BofA Still Loves Nvidia
• Neutral Sentiment: BofA flagged opportunities amid private‑credit turmoil (Ares saw gains after the note) — the commentary highlights both risk monitoring and potential asset‑management opportunities. Ares Stock Pops
• Neutral Sentiment: BofA disclosed voting‑stake movement in Galapagos (fell below 5%) — a regulatory/holding update with limited direct impact on BAC’s core business. Galapagos Discloses BofA Stake Drop
• Negative Sentiment: Sector weakness: multiple outlets note bank stocks (including BAC) sliding as private‑credit worries act as a canary for broader credit stress — this is a direct driver of today’s share weakness. Bank Stocks Are the Canary
• Negative Sentiment: Epstein settlement focus raises governance and valuation scrutiny — any legal/settlement headlines increase investor caution around reputational and governance risks. Epstein Settlement Puts BofA Valuation And Governance In Focus
• Negative Sentiment: Executive movement: Elavon named a new CEO who was recruited from Bank of America — the departure of a payments/merchant‑services leader is a small negative for continuity in that business line. Elavon Picks BofA Vet Wally Mlynarski

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.