Investment Analysts’ Recent Ratings Changes for Bank of America (BAC)

A number of research firms have changed their ratings and price targets for Bank of America (NYSE: BAC):

• 10/8/2026 – Bank of America is now covered by TD Cowen. They set a “hold” rating and a $60.00 price target on the stock.
• 10/6/2026 – Bank of America was given a new $72.00 price target by Rothschild & Co Redburn.
• 10/5/2026 – Bank of America had its price target lowered by UBS Group AG from $70.00 to $67.00. They now have a “buy” rating on the stock.
• 10/2/2026 – Bank of America had its price target lowered by JPMorgan Chase & Co. from $68.00 to $62.00. They now have an “overweight” rating on the stock.
• 10/1/2026 – Bank of America was given a new $62.00 price target by Evercore Inc.
• 10/1/2026 – Bank of America had its price target lowered by Truist Financial Corporation from $65.00 to $62.00. They now have a “buy” rating on the stock.
• 9/28/2026 – Bank of America is now covered by HSBC Holdings plc. They set a “buy” rating and a $65.00 price target on the stock.
• 9/24/2026 – Bank of America had its price target lowered by Jefferies Financial Group Inc. from $75.00 to $70.00. They now have a “buy” rating on the stock.
• 9/15/2026 – Bank of America had its “overweight” rating reaffirmed by Morgan Stanley.

Bank of America Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 4th. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.5%. Bank of America’s dividend payout ratio is presently 29.36%.

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.