Bank of America (NYSE:BAC) Price Target Raised to $59.00

Posted by Scott Moore on Jan 15th, 2026

Bank of America (NYSE:BAC) had its price target hoisted by stock analysts at Argus from $58.00 to $59.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Argus’ price target would indicate a potential upside of 12.32% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. CICC Research initiated coverage on shares of Bank of America in a research note on Wednesday. They set an “outperform” rating and a $62.00 target price for the company. Piper Sandler boosted their target price on shares of Bank of America from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday. Seaport Global Securities raised their price objective on Bank of America from $59.00 to $66.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. The Goldman Sachs Group boosted their target price on Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday. Finally, UBS Group raised 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and a consensus price target of $59.74.

Check Out Our Latest Stock Analysis on BAC

Bank of America Stock Performance

Shares of NYSE:BAC traded up $0.05 during midday trading on Thursday, reaching $52.53. The company’s stock had a trading volume of 50,967,838 shares, compared to its average volume of 42,986,859. The stock has a fifty day moving average of $54.19 and a 200 day moving average of $51.15. The firm has a market capitalization of $383.59 billion, a PE ratio of 14.31 and a beta of 1.29. Bank of America has a twelve month low of $33.06 and a twelve month high of $57.55. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.12.

Bank of America (NYSE:BAC – Get Free Report) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. The firm had revenue of $28.53 billion during the quarter, compared to analysts’ expectations of $27.73 billion. During the same period in the previous year, the business posted $0.82 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. On average, equities analysts expect that Bank of America will post 3.7 EPS for the current fiscal year.

Institutional Trading of Bank of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of Bank of America by 30.0% during the 4th quarter. Brighton Jones LLC now owns 108,872 shares of the financial services provider’s stock worth $4,785,000 after purchasing an additional 25,143 shares during the period. Balefire LLC acquired a new position in Bank of America during the second quarter worth about $507,000. Mirador Capital Partners LP lifted its position in shares of Bank of America by 18.6% during the 2nd quarter. Mirador Capital Partners LP now owns 9,861 shares of the financial services provider’s stock valued at $467,000 after acquiring an additional 1,550 shares during the period. Chesley Taft & Associates LLC acquired a new stake in shares of Bank of America during the 2nd quarter valued at approximately $211,000. Finally, Pines Wealth Management LLC purchased a new stake in shares of Bank of America during the 2nd quarter worth approximately $227,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

More Bank of America News

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

Positive Sentiment: Q4 beat and healthy fundamentals — BAC topped EPS and revenue estimates, showed 10% NII growth, operating leverage from digital/AI initiatives and modest 2026 NII guidance (5%–7%), supporting continued earnings power. Bank of America Reports Fourth Quarter 2025 Financial Results
Positive Sentiment: Large-bank tailwind: industry revenues were strong in 2025 (trading, lending, banking all busy), which supports BAC’s near-term revenue backdrop. Broad strength in the sector helps BAC’s trading and NII outlook. Wall Street Powers Nation’s Biggest Banks to Record Year
Neutral Sentiment: Analysts maintain buy stance but trimmed price targets — several firms lowered PTs after Q4 while keeping constructive ratings (TD Cowen, Keefe, Truist, Morgan Stanley updates). That preserves Wall Street support but reduces upside expectations. These Analysts Revise Their Forecasts On Bank Of America After Q4 Earnings
Neutral Sentiment: Dividend appeal and buy-the-dip commentary — some outlets highlight BAC as an attractive dividend/long-term hold after the pullback, suggesting income-focused investors may view the dip as a buying opportunity. Why Bank of America (BAC) is a Great Dividend Stock Right Now
Negative Sentiment: Sector sell-off and valuation anxiety — banks including BAC fell after earnings as investors reassessed lofty valuations; the move looks sentiment-driven (stocks priced for perfection) and amplified by group momentum. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
Negative Sentiment: Regulatory overhang — reports of a proposed 10% cap on credit-card rates have become an overhang for bank stocks; even if passage is uncertain, the headline increases policy risk premium for issuers like BAC. Bank Stocks Get Punished After Earnings—Is Valuation the Real Problem?
Negative Sentiment: Investor reaction disconnect — social and trade commentary noted surprise that BAC fell despite the beat, with concerns around investment‑banking cadence and forward guidance weighing on near‑term sentiment. Bank of America Stock (BAC) Opinions on Q4 2025 Earnings Report

Bank of America Company Profile

(Get Free Report)

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.