Bank of America (NYSE:BAC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Bank of America (NYSE:BAC) had its target price raised by investment analysts at JPMorgan Chase & Co. from $62.50 to $68.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 10.23% from the company’s current price.

Other analysts have also issued reports about the company. Keefe, Bruyette & Woods lifted their price target on Bank of America from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. Daiwa Securities Group lifted their target price on shares of Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Robert W. Baird upped their price target on shares of Bank of America from $58.00 to $62.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, July 21st. Finally, UBS Group upped their price target on shares of Bank of America from $63.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Twenty-one analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

Bank of America Price Performance

NYSE:BAC traded down $0.93 during trading hours on Wednesday, hitting $61.69. The company’s stock had a trading volume of 19,003,087 shares, compared to its average volume of 38,499,609. Bank of America has a twelve month low of $44.75 and a twelve month high of $62.99. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a fifty day simple moving average of $56.89 and a 200-day simple moving average of $53.41. The company has a market capitalization of $437.79 billion, a P/E ratio of 14.16, a PEG ratio of 1.00 and a beta of 1.17.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.08. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 EPS. On average, analysts anticipate that Bank of America will post 4.65 EPS for the current fiscal year.

Insider Activity at Bank of America

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of the business’s stock in a transaction on 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 transaction, the insider owned 1,373,397 shares of the company’s stock, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.27% of the company’s stock.

Institutional Trading of Bank of America

Large investors have recently added to or reduced their stakes in the stock. Abound Financial LLC bought a new stake in shares of Bank of America in the fourth quarter valued at approximately $26,000. Legacy Bridge LLC increased its stake in Bank of America by 182.3% in the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 330 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in Bank of America in the third quarter valued at approximately $27,000. CrossGen Wealth LLC purchased a new stake in shares of Bank of America during the 4th quarter valued at $30,000. Finally, Joseph Group Capital Management bought a new stake in Bank of America during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Higher earnings forecasts: Erste Group raised its FY2026 EPS estimate to $4.64 from $4.53 and its FY2027 forecast to $5.20 from $5.13. The revisions reinforce expectations for continued earnings growth and are above or broadly in line with current consensus estimates. Erste Group raises Bank of America earnings estimates
• Positive Sentiment: AI could improve profitability: Morgan Stanley strategists identified Bank of America as a potential major beneficiary of artificial-intelligence adoption, with automation and technology investment expected to support net-margin expansion through 2027. Bank of America could be an AI winner
• Positive Sentiment: Recent operating momentum remains favorable: Bank of America’s latest reported quarter beat EPS expectations, with $1.21 in earnings versus a $1.13 consensus estimate, while revenue increased 19.6% year over year. This provides fundamental support for the positive analyst outlook. Zacks analyst coverage of BAC
• Neutral Sentiment: Investment stake disclosure: Bank of America repeatedly crossed the 3% ownership-transparency threshold in Umicore, with its position hovering around that level. The disclosure may reflect trading or portfolio activity, but it does not indicate a material change to BAC’s core business. Bank of America stake in Umicore
• Negative Sentiment: Relative attractiveness is being debated: A comparison of BAC and American Express argues that the two companies’ second-quarter results represent different financial profiles and suggests investors may prefer AXP. Such commentary could weigh on BAC if investors view its valuation or growth prospects as less compelling. Bank of America versus American Express
• Negative Sentiment: Rate-policy uncertainty: Reports that some investors expect a surprise Federal Reserve rate hike are adding volatility to financial stocks. Higher rates can benefit bank interest income, but an unexpected hike could increase recession and credit-loss concerns across the sector.

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.