Bank of America (NYSE:BAC) Stock Price Up 2.4% – What’s Next?

Bank of America Corporation (NYSE:BAC) shares shot up 2.4% on Thursday . The company traded as high as $53.09 and last traded at $53.07. 35,126,948 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 39,863,027 shares. The stock had previously closed at $51.81.

Key Headlines Impacting Bank of America

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

• Positive Sentiment: BofA’s chief investment strategist warned the 30‑year Treasury yield should not be allowed to run above ~5%, a view that helped steady long‑end yields and reduced rate‑driven equity volatility—this is supportive for bank stocks by calming macro uncertainty. Top Bank of America strategist says the long bond is nearing the key line in the sand
• Positive Sentiment: Major brokers and MarketBeat coverage point to BAC’s low P/E and analyst price targets implying meaningful upside, framing recent weakness as a buy‑the‑dip opportunity rather than company deterioration. Bank of America’s Rock-Bottom P/E and 25% Upside Potential
• Positive Sentiment: Short interest fell ~12.4% in January, reducing potential downside pressure from short covering—fewer shorts can make rallies more sustainable.
• Neutral Sentiment: BofA will match a $1,000 pilot contribution for eligible U.S. employees to “Trump Accounts,” a benefits decision with limited immediate financial impact but potential reputational/policy attention. BofA to match US government’s pilot contribution to Trump Accounts, memo says
• Neutral Sentiment: Bank of America increased its stake in Flutter Entertainment — a portfolio/investment activity that doesn’t directly change BAC’s core banking outlook but shows active position management. Bank of America Boosts Stake in Flutter Entertainment
• Neutral Sentiment: Senior strategist Savita Subramanian signaled too much euphoria in a popular market group, a tone‑setting research comment that encourages caution but is not company‑specific. BofA’s Savita Subramanian says she sees too much euphoria in a popular market group
• Negative Sentiment: Daiwa Capital Markets lowered its expectations for BAC’s stock price, signaling at least one institutional view that recent upside may be limited or that risks are underappreciated. Daiwa Capital Markets Has Lowered Expectations for Bank of America (NYSE:BAC) Stock Price
• Negative Sentiment: Some analysts trimmed price targets while remaining constructive, reflecting a mix of continued confidence and shorter‑term caution that can cap rallies until macro uncertainty eases. Analysts cut Bank of America (BAC) price targets while staying bullish
• Negative Sentiment: BofA’s Bull & Bear Indicator flashed a “hyper‑bull” signal from its fund manager survey, historically a contrarian warning that can precede market corrections and pose downside risk to cyclical names like banks. This Signal Just Flashed for the First Time in 8 Years; History Says It Could Indicate a Sharp Correction Ahead

Analysts Set New Price Targets

Several equities research analysts recently commented on BAC shares. Daiwa Capital Markets cut their price objective on shares of Bank of America from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Tuesday. Evercore ISI set a $59.00 price target on Bank of America in a research note on Thursday, January 15th. The Goldman Sachs Group boosted their price target on Bank of America from $65.00 to $67.00 and gave the company a “buy” rating in a report on Monday. HSBC upgraded Bank of America from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. lifted their target price on Bank of America from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Bank of America Stock Up 2.4%

The firm has a market capitalization of $387.54 billion, a P/E ratio of 13.86, a PEG ratio of 1.27 and a beta of 1.29. The firm’s 50 day moving average is $54.08 and its two-hundred day moving average is $51.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. DecisionMap Wealth Management LLC lifted its holdings in Bank of America by 4.7% during the 4th quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 182 shares during the last quarter. Holistic Financial Partners increased its holdings in shares of Bank of America by 2.4% in the fourth quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider’s stock valued at $434,000 after purchasing an additional 183 shares during the last quarter. Riverview Capital Advisers LLC raised its position in shares of Bank of America by 4.2% in the third quarter. Riverview Capital Advisers LLC now owns 4,686 shares of the financial services provider’s stock valued at $242,000 after purchasing an additional 188 shares during the period. Shepherd Financial Partners LLC lifted its stake in shares of Bank of America by 0.3% during the 3rd quarter. Shepherd Financial Partners LLC now owns 60,279 shares of the financial services provider’s stock worth $3,110,000 after buying an additional 189 shares during the last quarter. Finally, William B. Walkup & Associates Inc. boosted its holdings in shares of Bank of America by 1.4% during the 3rd quarter. William B. Walkup & Associates Inc. now owns 14,020 shares of the financial services provider’s stock worth $723,000 after buying an additional 192 shares during the period. 70.71% of the stock is currently owned by institutional investors.

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.