Bank of America (NYSE:BAC) Stock Jumps 3.9% – Time to Buy?

Bank of America Corporation (NYSE:BAC) rose 3.9% on Wednesday. The stock traded as high as $51.76 and last traded at $51.6130. 46,535,321 shares were traded during mid-day trading, an increase of 23% from the average session volume of 37,770,328 shares. The stock had previously closed at $49.66.

Key Bank of America News

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

• Neutral Sentiment: UBS cut its price target to $62 from $67 but maintained a Buy rating, suggesting the analyst remains constructive while trimming its outlook. UBS forecast
• Negative Sentiment: Several law firms publicized a securities class action covering investors who bought BAC shares from August 1, 2025, through October 13, 2026; the lead-plaintiff deadline is December 15. The lawsuit adds legal uncertainty, though the announcements are largely investor solicitations and do not establish liability. Class action announcement
• Negative Sentiment: Coverage also highlights Senator Elizabeth Warren’s call for a Justice Department criminal investigation following the bank’s admission that it willfully violated federal anti-money-laundering laws. Further regulatory or legal action could create financial and reputational risks. Investor alert and scrutiny
• Negative Sentiment: A separate report says markets are moving in line with a strategist’s previously warned-about election-night scenario, with the full impact still unclear. This points to broader market uncertainty rather than a BAC-specific development. Election-night market outlook

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Rothschild & Co Redburn set a $72.00 target price on Bank of America in a report on Tuesday, October 6th. Morgan Stanley reduced their price objective on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research report on Thursday, October 15th. Keefe, Bruyette & Woods decreased their price objective on shares of Bank of America from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Jefferies Financial Group dropped their target price on shares of Bank of America from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, September 24th. Finally, Royal Bank Of Canada cut their target price on shares of Bank of America from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.48.

Bank of America Stock Up 3.9%

The stock’s 50 day simple moving average is $55.94 and its two-hundred day simple moving average is $54.92. The firm has a market cap of $356.14 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.87 and a beta of 1.19. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The company had revenue of $29.96 billion for the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $1.06 EPS. As a group, research analysts forecast that Bank of America Corporation will post 4.51 earnings per share for the current year.

Bank of America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be paid a $0.32 dividend. The ex-dividend date is Friday, December 4th. This represents a $1.28 dividend on an annualized basis and a yield of 2.5%. Bank of America’s payout ratio is presently 30.40%.

Institutional Investors Weigh In On Bank of America

A number of institutional investors have recently made changes to their positions in BAC. AEGON ASSET MANAGEMENT UK Plc raised its position in shares of Bank of America by 141.6% in the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 888,715 shares of the financial services provider’s stock valued at $48,373,000 after buying an additional 520,853 shares during the last quarter. Gryphon Financial Partners LLC grew its position in shares of Bank of America by 3.3% in the third quarter. Gryphon Financial Partners LLC now owns 52,798 shares of the financial services provider’s stock valued at $2,874,000 after purchasing an additional 1,705 shares in the last quarter. Vestor Capital LLC grew its position in shares of Bank of America by 20,608.6% in the third quarter. Vestor Capital LLC now owns 106,235 shares of the financial services provider’s stock valued at $5,782,000 after purchasing an additional 105,722 shares in the last quarter. Leuthold Group LLC increased its holdings in shares of Bank of America by 9.5% in the third quarter. Leuthold Group LLC now owns 171,333 shares of the financial services provider’s stock valued at $9,326,000 after purchasing an additional 14,853 shares during the last quarter. Finally, Joseph Group Capital Management increased its holdings in shares of Bank of America by 21.8% in the third quarter. Joseph Group Capital Management now owns 1,892 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Company Profile

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.