FY2026 EPS Estimates for Bank of America Boosted by Analyst

Bank of America Corporation (NYSE:BAC) – Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for shares of Bank of America in a report issued on Thursday, April 2nd. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings of $4.34 per share for the year, up from their prior estimate of $4.32. Erste Group Bank currently 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 topic of a number of other research reports. Autonomous Res reduced their price target on Bank of America from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday. Piper Sandler upped their price target on Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. CICC Research started coverage on Bank of America in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $62.00 price target on the stock. Wolfe Research lowered Bank of America from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company upped their target price on Bank of America from $62.00 to $65.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Twenty-three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $58.90.

Bank of America Trading Up 0.4%

NYSE BAC opened at $50.26 on Wednesday. The business’s 50-day moving average price is $50.61 and its two-hundred day moving average price is $52.19. Bank of America has a 12 month low of $33.06 and a 12 month high of $57.55. The firm has a market capitalization of $359.15 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.15.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Abound Financial LLC bought a new position in Bank of America in the fourth quarter worth approximately $26,000. Legacy Bridge LLC boosted its holdings in Bank of America by 182.3% in the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 330 shares in the last quarter. Wiser Advisor Group LLC bought a new position in Bank of America in the third quarter worth approximately $27,000. Steph & Co. boosted its holdings in Bank of America by 224.3% in the third quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 379 shares in the last quarter. Finally, CrossGen Wealth LLC bought a new position in Bank of America in the fourth quarter worth approximately $30,000. Institutional investors own 70.71% of the company’s stock.

Insider Activity at Bank of America

In related news, insider Bernard A. Mensah sold 94,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 170,184 shares in the company, valued at $7,988,436.96. This represents a 35.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas M. Scrivener sold 50,000 shares of the company’s 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 sale, the insider owned 227,973 shares in the company, valued at approximately $11,357,614.86. The trade was a 17.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 227,832 shares of company stock worth $11,094,960 in the last 90 days. Corporate insiders own 0.27% of the company’s stock.

Bank of America Dividend Announcement

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

Bank of America News Roundup

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

• Positive Sentiment: Goldman Sachs raised its price target to $58 and kept a buy view, supporting upside thesis from an influential sell‑side shop. Goldman Sachs raises PT to $58
• Positive Sentiment: Evercore ISI reiterated a buy/on positive stance (separate note also trimmed its PT — see negatives) — continued institutional buy ratings give credibility to longer‑term upside. Evercore ISI sticks to buy
• Positive Sentiment: Operational/consumer wins: Bank of America was named the No.1 nonprofit OCIO provider (PR) and expanded card partnerships via a Royal Caribbean tri‑branded Visa program — both support fee income and card spend over time. BofA named No.1 nonprofit OCIO provider Royal Caribbean tri‑branded cards with BofA
• Neutral Sentiment: Analysts and commentators expect broadly in‑line to slightly better Q1 results across major US banks, per BofA research — supportive for relative performance but leaves stock sensitive to actual Q1 prints. US banks set to deliver solid Q1 results (BofA research)
• Neutral Sentiment: Company/market commentary and previews (Seeking Alpha, Zacks) highlight BAC’s long‑term case but note near‑term sensitivity to rates and whether earnings can stabilize — a watch‑and‑wait backdrop into earnings. Earnings: pivotal report for 2026 expectations
• Negative Sentiment: Several sell‑side firms trimmed price targets recently (JPMorgan to $57.50, Daiwa to $58, Evercore to $55, Autonomous to $54, Truist to $57) or moved to more conservative stances — these cuts signal valuation concerns and cap near‑term upside. JPMorgan trims PT to $57.50
• Negative Sentiment: Macro/earnings sensitivity: analysts highlight that the rate tailwind that boosted NII is fading — if net interest income growth slows, earnings could disappoint versus current expectations. More priced in than left to price (Seeking Alpha)
• Negative Sentiment: Standalone bearish/neutral research headlines (Autonomous, Evercore pessimistic forecasts in summary feeds) amplify cautious sentiment and likely weigh on short‑term momentum. Autonomous issues pessimistic forecast Evercore issues pessimistic forecast

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.