Research Analysts’ Recent Ratings Updates for Bank of America (BAC)

Several brokerages have updated their recommendations and price targets on shares of Bank of America (NYSE: BAC) in the last few weeks:

• 4/28/2026 – Bank of America had its price target raised by Daiwa Securities Group Inc. from $58.00 to $61.00. They now have an “overweight” rating on the stock.
• 4/24/2026 – Bank of America had its “buy (b)” rating reaffirmed by Weiss Ratings.
• 4/16/2026 – Bank of America had its price target raised by Piper Sandler from $53.00 to $59.00. They now have a “neutral” rating on the stock.
• 4/16/2026 – Bank of America had its price target raised by Truist Financial Corporation from $57.00 to $61.00. They now have a “buy” rating on the stock.
• 4/16/2026 – Bank of America had its price target raised by Oppenheimer Holdings, Inc. from $58.00 to $61.00. They now have an “outperform” rating on the stock.
• 4/16/2026 – Bank of America had its “outperform” rating reaffirmed by Royal Bank Of Canada. They now have a $59.00 price target on the stock.
• 4/16/2026 – Bank of America had its price target raised by Jefferies Financial Group Inc. from $60.00 to $65.00. They now have a “buy” rating on the stock.
• 4/16/2026 – Bank of America had its price target raised by Robert W. Baird from $56.00 to $58.00. They now have a “neutral” rating on the stock.
• 4/16/2026 – Bank of America had its price target raised by HSBC Holdings plc from $55.00 to $60.00. They now have a “buy” rating on the stock.
• 4/16/2026 – Bank of America had its price target raised by The Goldman Sachs Group, Inc. from $58.00 to $63.00. They now have a “buy” rating on the stock.
• 4/16/2026 – Bank of America had its price target raised by Evercore Inc from $55.00 to $61.00. They now have an “outperform” rating on the stock.
• 4/16/2026 – Bank of America had its price target raised by Argus from $59.00 to $62.00. They now have a “buy” rating on the stock.
• 4/16/2026 – Bank of America had its price target raised by Keefe, Bruyette & Woods from $63.00 to $64.00. They now have an “outperform” rating on the stock.
• 4/7/2026 – Bank of America had its price target lowered by UBS Group AG from $67.00 to $62.00. They now have a “buy” rating on the stock.
• 4/7/2026 – Bank of America had its price target lowered by Daiwa Securities Group Inc. from $62.00 to $58.00. They now have a “buy” rating on the stock.
• 4/7/2026 – Bank of America had its price target lowered by JPMorgan Chase & Co. from $61.50 to $57.50. They now have an “overweight” rating on the stock.
• 4/6/2026 – Bank of America had its price target lowered by Autonomous Res from $62.00 to $54.00. They now have a “neutral” rating on the stock.
• 4/6/2026 – Bank of America had its price target raised by The Goldman Sachs Group, Inc. from $57.00 to $58.00. They now have a “buy” rating on the stock.
• 4/6/2026 – Bank of America had its price target lowered by Evercore Inc from $59.00 to $55.00. They now have an “outperform” rating on the stock.
• 4/1/2026 – Bank of America was upgraded by HSBC Holdings plc from “hold” to “buy”. They now have a $57.00 price target on the stock.
• 3/31/2026 – Bank of America had its price target lowered by Morgan Stanley from $67.00 to $61.00. They now have an “overweight” rating on the stock.
• 3/27/2026 – Bank of America had its price target lowered by Oppenheimer Holdings, Inc. from $63.00 to $58.00. They now have an “outperform” rating on the stock.
• 3/26/2026 – Bank of America is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $60.00 price target on the stock.
• 3/25/2026 – Bank of America is now covered by Jefferies Financial Group Inc.. They set a “buy” rating and a $60.00 price target on the stock.
• 3/23/2026 – Bank of America had its price target lowered by The Goldman Sachs Group, Inc. from $67.00 to $57.00. They now have a “buy” rating on the stock.
• 3/4/2026 – Bank of America was downgraded by Erste Group Bank AG from “strong-buy” to “hold”.

Bank of America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s dividend payout ratio is 27.72%.

Insider Transactions at Bank of America

In other Bank of America news, insider Thomas M. Scrivener sold 50,000 shares of Bank of America stock in a transaction that occurred 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 approximately $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction that occurred 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 completion of 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 227,832 shares of company stock worth $11,094,960 over the last three months. 0.27% of the stock is owned by company insiders.

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.