Bank of America (NYSE:BAC) Given New $64.00 Price Target at TD Cowen

Bank of America (NYSE:BAC) had its price target dropped by equities researchers at TD Cowen from $66.00 to $64.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Cowen’s price objective would indicate a potential upside of 21.13% from the stock’s current price.

A number of other research firms have also recently commented on BAC. Barclays increased their target price on shares of Bank of America from $59.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. UBS Group increased their price objective on shares of Bank of America from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 7th. Ameriprise Financial upgraded shares of Bank of America to a “buy” rating in a research report on Wednesday, October 22nd. Royal Bank Of Canada upped their price target on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, Keefe, Bruyette & Woods cut their price objective on Bank of America from $64.00 to $63.00 and set an “outperform” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $59.65.

Bank of America Price Performance

Shares of NYSE BAC traded up $0.35 during trading hours on Thursday, hitting $52.83. 18,774,502 shares of the stock were exchanged, compared to its average volume of 39,677,691. The company’s fifty day simple moving average is $54.19 and its two-hundred day simple moving average is $51.15. The company has a market cap of $385.82 billion, a PE ratio of 14.38 and a beta of 1.29. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.79 and a current ratio of 0.79. Bank of America has a 1-year low of $33.06 and a 1-year high of $57.55.

Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The firm had revenue of $28.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. On average, sell-side analysts predict that Bank of America will post 3.7 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quaker Wealth Management LLC lifted its stake in 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 during the period. Wiser Advisor Group LLC acquired a new position in shares of Bank of America during the 3rd quarter valued at $27,000. RMG Wealth Management LLC bought a new position in Bank of America during the second quarter worth $28,000. Steph & Co. grew 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 purchasing an additional 379 shares during the period. Finally, CGC Financial Services LLC increased its stake in Bank of America by 585.4% in the second quarter. CGC Financial Services LLC now owns 610 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 521 shares in the last quarter. 70.71% of the stock is owned by institutional investors.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: Q4 beat: BAC reported $0.98 EPS (vs. $0.96 est.) and revenue of $28.5B, with net income up and management guiding to 5–7% NII growth in 2026 — supports continued earnings power. Bank of America Reports Fourth Quarter 2025 Financial Results
• Positive Sentiment: Operating leverage from AI/digital: Management highlighted Erica/AI and automation as drivers of account growth and cost efficiency — a structural improvement to margins if sustained. Erica, AI and Digital Drive Operating Leverage at Bank of America
• Positive Sentiment: Street support & analyst buys: Multiple firms reaffirmed buy/outperform views and price targets cluster above the stock (median ~$62), cushioning the post‑earnings selloff and backing upside vs. current levels. QuiverQuant: Opinions on Q4 2025 Earnings Report
• Neutral Sentiment: Analyst forecast changes: Several analysts revised models after Q4 — some trimmed long‑term estimates or nudged targets lower while keeping Buy ratings; that tempers upside but keeps institutional support intact. These Analysts Revise Their Forecasts On Bank of America After Q4 Earnings
• Neutral Sentiment: Market chatter & social sentiment mixed: Online discussions praise the beat (trading, NII) but flag investment banking softness and regulatory watch‑items; useful as a sentiment read but not new fundamentals. Seeking Alpha: A V-Shaped Recovery Is Likely
• Negative Sentiment: Sector/valuation hangover: Banks saw broad post‑earnings pullbacks — BAC included — as investors reassessed lofty valuations and priced in risks; this can weigh on near‑term performance despite good quarter. MarketBeat: Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
• Negative Sentiment: Regulatory risk: Discussion of a proposed cap on credit card interest rates remains an overhang — if enacted, it would pressure card revenue, a meaningful business line for BAC. MarketBeat: Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?

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.