Bank of America (NYSE:BAC) Price Target Cut to $63.00 by Analysts at Keefe, Bruyette & Woods

Bank of America (NYSE:BAC) had its price objective dropped by equities research analysts at Keefe, Bruyette & Woods from $64.00 to $63.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 20.19% from the company’s previous close.

BAC has been the topic of several other research reports. Citigroup increased their price target on shares of Bank of America from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Argus raised their target price on Bank of America from $53.00 to $58.00 in a report on Friday, October 17th. The Goldman Sachs Group lifted their price target on Bank of America from $58.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Phillip Securities upped their price objective on Bank of America from $50.00 to $56.00 in a research report on Tuesday, October 21st. Finally, Barclays lifted their target price on Bank of America from $59.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $59.83.

Bank of America Stock Down 3.9%

BAC stock opened at $52.42 on Thursday. The company has a market cap of $382.78 billion, a PE ratio of 14.28 and a beta of 1.29. The business has a 50-day simple moving average of $54.19 and a 200 day simple moving average of $51.15. Bank of America has a 52 week low of $33.06 and a 52 week 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) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the prior year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. Sell-side analysts anticipate that Bank of America will post 3.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BAC. Geode Capital Management LLC increased its position in Bank of America by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 148,176,755 shares of the financial services provider’s stock valued at $6,982,863,000 after acquiring an additional 403,652 shares during the period. Capital World Investors grew its stake in shares of Bank of America by 11.0% in the third quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock worth $7,448,816,000 after purchasing an additional 14,275,810 shares during the last quarter. Norges Bank acquired a new stake in Bank of America in the second quarter valued at $5,091,641,000. Fisher Asset Management LLC raised its position in Bank of America by 2.5% during the 3rd quarter. Fisher Asset Management LLC now owns 52,677,988 shares of the financial services provider’s stock worth $2,717,657,000 after purchasing an additional 1,272,315 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Bank of America by 640.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after purchasing an additional 40,235,201 shares during the last quarter. Institutional investors own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: Q4 beat — BAC reported $0.98 EPS vs. $0.96 expected and revenue above consensus, with net income of ~$7.6B; top‑ and bottom‑line beats underpin the firm’s core earnings momentum. PR Newswire: Bank of America Reports Fourth Quarter 2025 Financial Results
• Positive Sentiment: Trading & AI-driven efficiency — Elevated client trading activity and AI/digital tools (Erica) boosted noninterest efficiency and helped reduce hiring/costs, supporting operating leverage. Benzinga: Bank Of America Tops Q4 Estimates As AI Drives Account Growth
• Positive Sentiment: Clean balance sheet & guidance — Management highlighted 5–7% net interest income growth guidance for 2026, healthy CET1 (11.4%), low charge-offs and loan/deposit growth, which argue for durable earnings power. MarketBeat: Bank Stocks Get Punished After Earnings
• Neutral Sentiment: Bank of America Securities activity (external coverage) — BofA Securities analysts reiterated Buy ratings on other firms (e.g., Toyota, Roblox), which is background for the parent firm’s research franchise but not a direct driver of BAC’s share move. TipRanks: Merrill Lynch Upgrades Toyota Motor
• Neutral Sentiment: Investor takeaways from the call — Management is constructive on the U.S. economy and emphasized technology-driven customer growth; useful context but not enough to reverse short-term sentiment. TipRanks: Bank of America Earnings Call Highlights
• Negative Sentiment: Market punished valuation and guidance nuance — Despite the beat, investors focused on a softer forward tone for net interest income mix and any signals that future NII growth could be slower, prompting profit-taking. The Motley Fool: BAC Falls After Strong Earnings Meet Softer NII Outlook
• Negative Sentiment: Sector/valuation overhang & policy risk — Elevated bank valuations and headlines about a proposed cap on credit card rates created an extra overhang for BAC and peers, raising concern about future profitability for card portfolios. MarketBeat: Bank Stocks Get Punished After Earnings
• Negative Sentiment: Line‑of‑business softness — Some coverage noted weaker investment banking or mixed IB trends that trimmed upside expectations despite strong trading and NII. Zacks: BAC Q4 Tops as Trading & NII Shine, Stock Slides on Weak IB

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.