Morgan Stanley Lowers Bank of America (NYSE:BAC) Price Target to $61.00

Bank of America (NYSE:BAC) had its price objective cut by equities research analysts at Morgan Stanley from $67.00 to $61.00 in a note issued to investors on Tuesday,MarketScreener reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 23.64% from the stock’s previous close.

Several other research analysts have also commented on the company. Evercore set a $59.00 price target on Bank of America in a research report on Thursday, January 15th. Argus increased their price objective on Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, January 15th. Royal Bank Of Canada raised their target price on shares of Bank of America from $56.00 to $59.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Wolfe Research cut shares of Bank of America from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Finally, TD Cowen reduced their price target on shares of Bank of America from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Thursday, January 15th. Twenty-three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.54.

Bank of America Stock Performance

Shares of BAC stock traded up $0.59 during mid-day trading on Tuesday, hitting $49.34. 9,174,702 shares of the stock were exchanged, compared to its average volume of 42,231,633. The stock’s fifty day simple moving average is $50.85 and its two-hundred day simple moving average is $52.25. The stock has a market capitalization of $352.56 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.15 and a beta of 1.28. Bank of America has a 12-month low of $33.06 and a 12-month high of $57.55. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.80 and a current ratio of 0.80.

Bank of America (NYSE:BAC) last posted its earnings results on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $27.73 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. On average, analysts forecast that Bank of America will post 3.7 EPS for the current year.

Insider Activity

In other news, insider James P. Demare sold 83,832 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the sale, the insider owned 307,240 shares in the company, valued at $15,362,000. This represents a 21.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas M. Scrivener sold 50,000 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $49.82, for a total value of $2,491,000.00. Following the sale, the insider directly owned 227,973 shares of the company’s stock, valued at approximately $11,357,614.86. This represents a 17.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 227,832 shares of company stock valued at $11,094,960. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Bank of America

Hedge funds have recently made changes to their positions in the company. Permanent Capital Management LP acquired a new position in shares of Bank of America in the third quarter valued at approximately $649,000. Meridian Wealth Management LLC boosted its position in Bank of America by 54.6% during the third quarter. Meridian Wealth Management LLC now owns 58,308 shares of the financial services provider’s stock worth $3,008,000 after acquiring an additional 20,591 shares during the last quarter. Lockheed Martin Investment Management Co. grew its stake in Bank of America by 15.9% in the 3rd quarter. Lockheed Martin Investment Management Co. now owns 629,610 shares of the financial services provider’s stock worth $32,482,000 after acquiring an additional 86,290 shares during the period. AdvisorShares Investments LLC purchased a new stake in Bank of America in the 3rd quarter worth approximately $482,000. Finally, World Equity Group Inc. raised its holdings in Bank of America by 21.8% in the 3rd quarter. World Equity Group Inc. now owns 73,188 shares of the financial services provider’s stock valued at $3,779,000 after acquiring an additional 13,119 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America News Summary

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

• Positive Sentiment: HSBC upgraded BAC from “Hold” to “Buy” with a $57 price target, signaling analyst confidence and potential buying interest. HSBC upgrade
• Positive Sentiment: Wells Fargo reportedly put a Buy on Bank of America, adding another analyst endorsement that can support share demand. Wells Fargo buy
• Positive Sentiment: Jefferies highlighted BAC’s net‑interest‑income outlook (projected 5–7% NII growth over five years), supporting expectations for steady loan‑spread driven earnings improvement. Jefferies NII outlook
• Positive Sentiment: Bank of America partnered with Royal Caribbean to launch tri‑branded Royal ONE credit cards — a revenue and customer‑engagement win for BofA’s card business and cross‑sell opportunities. Royal Caribbean card partnership
• Neutral Sentiment: Markets continue to digest macro calls from BofA strategists (stagflation risks, dollar/oil views) and broader analyst commentary; these shape the sector backdrop but are not company‑specific catalysts. BofA strategist views
• Negative Sentiment: Reports indicate Warren Buffett materially trimmed his Bank of America stake (sold ~50% of holdings in recent filings). Large insider/legendary investor selling can create negative sentiment and supply pressure even if motivated by portfolio moves. Buffett stake reduction
• Negative Sentiment: French authorities are probing a possible Iran‑linked thwarted bomb attack outside a Bank of America location — a security and reputational concern that could spur short‑term caution among investors. France probe of attack

Bank of America Company Profile

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.