Bank of America (NYSE:BAC) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Bank of America (NYSE:BAC) from a sell rating to a hold rating in a report released on Sunday.

Other analysts also recently issued research reports about the stock. Morgan Stanley cut their price objective on shares of Bank of America from $70.00 to $68.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Wells Fargo & Company upped their price target on Bank of America from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, October 27th. Keefe, Bruyette & Woods lifted their price objective on Bank of America from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Seaport Global Securities boosted their price objective on Bank of America from $59.00 to $66.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Finally, Royal Bank Of Canada raised their target price on Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Twenty-three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.59.

Bank of America Stock Performance

NYSE BAC opened at $56.20 on Friday. The stock’s 50 day simple moving average is $53.45 and its 200-day simple moving average is $50.30. Bank of America has a 1-year low of $33.06 and a 1-year high of $56.55. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $410.36 billion, a PE ratio of 15.31 and a beta of 1.30.

Bank of America (NYSE:BAC) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.13. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The company had revenue of $5.35 billion for the quarter, compared to analyst estimates of $27.05 billion. During the same quarter last year, the firm posted $0.81 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities research analysts anticipate that Bank of America will post 3.7 EPS for the current fiscal year.

Bank of America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, December 5th. Bank of America’s dividend payout ratio (DPR) is 30.52%.

Hedge Funds Weigh In On Bank of America

Several large investors have recently made changes to their positions in BAC. Wiser Advisor Group LLC acquired a new position in Bank of America during the third quarter worth $27,000. Quaker Wealth Management LLC grew its stake in shares of Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock valued at $25,000 after buying an additional 880 shares in the last quarter. Nova Wealth Management Inc. raised its holdings in shares of Bank of America by 75.2% in the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock valued at $25,000 after buying an additional 227 shares during the period. Steph & Co. lifted its stake in Bank of America by 224.3% during the 3rd 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, Collier Financial acquired a new position in Bank of America during the 3rd quarter worth about $30,000. 70.71% of the stock is currently owned by institutional investors and hedge funds.

Key Stores Impacting Bank of America

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

• Positive Sentiment: CEO Brian Moynihan told reporters he expects the administration to begin de‑escalating tariffs next year, calling the move from a 10% to 15% rate a limited broad impact — a view that reduces macro uncertainty for corporate clients and trading volumes tied to cross‑border activity. Bank of America’s Moynihan sees Trump’s tariffs starting to de-escalate Bank of America’s Moynihan Sees Trump’s Tariffs Starting to De-Escalate
• Positive Sentiment: Analyst sentiment and price‑target coverage is supportive: Bank of America received upgrades and a consensus “Moderate Buy” from some analyst aggregators, and several price‑forecast pieces project continued upside based on 2025 performance and market share tailwinds. These endorsements can bolster investor confidence and buying interest. Bank of America Corporation (NYSE:BAC) Receives Consensus Recommendation of “Moderate Buy” from Analysts Bank of America (NYSE: BAC) Stock Price Prediction and Forecast 2026-2030 (January 2026)
• Neutral Sentiment: BofA’s research activity is visible in markets: BofA Securities began coverage of América Móvil and BofA strategists are publicly commenting on macro themes (e.g., gold’s rally). These items highlight research/revenue lines but don’t directly move BAC’s core banking fundamentals. América Móvil (AMX) Benefits From Latin America Telecom Pricing Power 13 Best Gold Mining Companies to Invest In Now
• Neutral Sentiment: Market activity signals: unusual options volume has been reported around BAC, which can amplify short‑term volatility but doesn’t indicate a directional fundamental change. Traders should watch option flows for conviction. Bank of America Unusual Options Activity
• Neutral Sentiment: Retail and analyst writeups (Fool, Yahoo) reassess BAC as a buy/hold/hold candidate for 2026; these pieces reiterate BAC’s diversified consumer and investment services franchises but are not new catalysts. Is Bank of America Stock a Buy, Sell, or Hold in 2026? Is Bank of America Stock a Buy, Sell, or Hold in 2026?
• Negative Sentiment: Valuation caution: a Seeking Alpha deep‑dive warns that while BofA is “running well,” much of its progress is already priced into the stock, suggesting limited upside and raising the bar for future beats. That perspective can cap enthusiasm among value‑conscious investors. Bank Of America Is Running Well, But The Stock Is Priced For It

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.