Bank of America (NYSE:BAC) Stock Gets Price Target Reduction from Keefe, Bruyette & Woods

Bank of America (NYSE:BAC) had its price target dropped by research analysts at Keefe, Bruyette & Woods from $70.00 to $65.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 26.45% from the stock’s current price.

A number of other research analysts have also weighed in on BAC. Argus set a $70.00 price objective on Bank of America in a research report on Wednesday, July 15th. Evercore set a $62.00 target price on Bank of America in a report on Thursday, October 1st. Barclays set a $68.00 target price on Bank of America in a research report on Thursday. Wells Fargo & Company increased their price target on Bank of America from $67.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $60.00 price target on shares of Bank of America in a research note on Thursday. Twenty equities research 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 currently has an average rating of “Moderate Buy” and an average price target of $63.61.

Bank of America Stock Performance

BAC opened at $51.40 on Thursday. The stock has a market capitalization of $359.45 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.87 and a beta of 1.21. The company has a fifty day moving average of $59.51 and a 200 day moving average of $56.69. Bank of America has a fifty-two week low of $46.12 and a fifty-two week high of $65.22. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83.

Bank of America (NYSE:BAC) last announced its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The company had revenue of $29.96 billion during the quarter, compared to the consensus estimate of $30.58 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, sell-side analysts forecast that Bank of America will post 4.60 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bank of America

A number of large investors have recently made changes to their positions in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of Bank of America by 15.5% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 13,743 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 1,844 shares during the last quarter. Nvwm LLC increased its holdings in shares of Bank of America by 26.9% during the third quarter. Nvwm LLC now owns 60,942 shares of the financial services provider’s stock valued at $3,317,000 after acquiring an additional 12,916 shares in the last quarter. Covenant Asset Management LLC increased its holdings in shares of Bank of America by 32.7% during the third quarter. Covenant Asset Management LLC now owns 31,416 shares of the financial services provider’s stock valued at $1,710,000 after acquiring an additional 7,744 shares in the last quarter. Viking Fund Management LLC raised its position in shares of Bank of America by 5.8% in the 3rd quarter. Viking Fund Management LLC now owns 275,000 shares of the financial services provider’s stock valued at $14,968,000 after purchasing an additional 15,000 shares during the last quarter. Finally, HBW Advisory Services LLC raised its position in shares of Bank of America by 98.1% in the 3rd quarter. HBW Advisory Services LLC now owns 18,664 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 9,241 shares during the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Underlying banking trends were solid: net interest income rose 8% year over year to $16.4 billion, average loans increased 6% to $1.23 trillion, and deposits grew 2% to $2.02 trillion. Global wealth and investment management revenue also increased 13%. Bank of America Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Bank of America returned $8.3 billion to shareholders during the quarter through $2.2 billion of dividends and $6.0 billion of share repurchases, which may support the stock’s valuation after the selloff. Bank of America Reports $6.9 Billion Third-Quarter Net Income
• Neutral Sentiment: CEO Brian Moynihan said the company has accountability for the compliance failures and expects remediation costs to decline over time. BAC also hired roughly 1,000 contractors to address software vulnerabilities identified by Anthropic’s Mythos AI model, adding to near-term expenses but potentially reducing operational risk. Bank of America hired 1,000 contractors to patch software flaws
• Negative Sentiment: U.S. regulators imposed more than $1.2 billion in penalties over anti-money-laundering and sanctions-control failures, including a failure to timely report more than $5 billion in suspicious transactions. The non-tax-deductible charge reduced quarterly earnings by approximately $0.17 per share and raises concerns about ongoing compliance costs. Bank of America profit hurt by $1.2 billion fine
• Negative Sentiment: Adjusted EPS was $1.08 versus the $1.10 consensus, while revenue of roughly $30.0 billion missed estimates near $30.6 billion. Reported net income fell 17% year over year to $6.9 billion, and weaker investment-banking and trading revenue, higher expenses, and a $1.3 billion provision for credit losses compounded the disappointment. BAC Q3 Earnings Miss
• Negative Sentiment: Several law firms announced shareholder investigations following the regulatory disclosures, creating an additional headline and potential litigation risk, although no claims have been established. Securities Fraud Investigation Into Bank of America

Bank of America Company Profile

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.