Bank of America (NYSE:BAC) Trading Up 2.1% – Should You Buy?

Shares of Bank of America Corporation (NYSE:BAC) were up 2.1% on Monday . The stock traded as high as $57.73 and last traded at $57.3650. Approximately 38,080,362 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 39,518,531 shares. The stock had previously closed at $56.20.

Key Bank of America News

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

• Positive Sentiment: Bank of America’s economists now expect the Federal Reserve to deliver three rate hikes in 2026, a more hawkish outlook that could help banks like BAC earn more on loans if rates stay elevated. BofA now sees no Fed rate cuts until 2028
• Positive Sentiment: That same rate outlook is being echoed across market coverage, reinforcing expectations that Bank of America sees a less dovish Fed path than investors previously assumed. Prepare for Three Rate Hikes in 2026, Says Bank of America
• Positive Sentiment: Separate coverage highlighted Bank of America as one of Berkshire Hathaway’s top financial holdings, which can bolster investor sentiment by underscoring Warren Buffett’s long-term confidence in BAC. Bank of America Corporation (BAC): One of the Top Financial Stocks According to Berkshire Hathaway
• Neutral Sentiment: Analyst commentary also raised the question of whether BAC’s low valuation is a bargain or a warning sign, noting cheaper pricing versus peers but also concerns about costs and mixed earnings visibility. Is Bank of America Stock’s Low Valuation a Bargain or a Warning Sign?

Analysts Set New Price Targets

Several brokerages have weighed in on BAC. JPMorgan Chase & Co. dropped their price objective on Bank of America from $61.50 to $57.50 and set an “overweight” rating for the company in a report on Tuesday, April 7th. Argus lifted their price target on shares of Bank of America from $59.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Jefferies Financial Group increased their price objective on shares of Bank of America from $60.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Piper Sandler raised their price objective on shares of Bank of America from $53.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Autonomous Res lowered their target price on shares of Bank of America from $62.00 to $54.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and a consensus price target of $61.06.

Bank of America Price Performance

The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $407.10 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.95 and a beta of 1.19. The company has a 50-day moving average price of $52.91 and a 200-day moving average price of $52.53.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.11. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The company had revenue of $30.27 billion for the quarter, compared to analyst estimates of $29.72 billion. During the same period last year, the business posted $0.90 earnings per share. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that Bank of America Corporation will post 4.45 EPS for the current fiscal year.

Bank of America Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 5th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, June 5th. Bank of America’s payout ratio is presently 27.72%.

Insider Activity

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total value of $6,719,335.56. Following the completion of the sale, the insider directly owned 1,373,397 shares in the company, valued at $72,803,774.97. This represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.27% of the stock is owned by company insiders.

Institutional Trading of Bank of America

Large investors have recently bought and sold shares of the business. DecisionMap Wealth Management LLC lifted its holdings in shares of Bank of America by 4.7% during the fourth quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider’s stock worth $223,000 after buying an additional 182 shares in the last quarter. Money Concepts Capital Corp raised its stake in Bank of America by 3.8% in the 4th quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 182 shares in the last quarter. Holistic Financial Partners raised its stake in Bank of America by 2.4% in the 4th quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 183 shares in the last quarter. Operose Advisors LLC boosted its holdings in Bank of America by 0.9% in the 4th quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock valued at $1,123,000 after purchasing an additional 185 shares during the period. Finally, Asahi Life Asset Management CO. LTD. increased its holdings in shares of Bank of America by 1.0% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider’s stock worth $1,092,000 after purchasing an additional 187 shares during the period. 70.71% of the stock is owned by institutional investors.

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.