Bank of America (NYSE:BAC) Given New $62.00 Price Target at UBS Group

Bank of America (NYSE:BAC) had its price objective reduced by equities researchers at UBS Group from $67.00 to $62.00 in a report issued on Tuesday,MarketScreener reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective would indicate a potential upside of 23.36% from the stock’s current price.

A number of other research firms have also recently commented on BAC. JPMorgan Chase & Co. lowered their price target on Bank of America from $61.50 to $57.50 and set an “overweight” rating on the stock in a report on Tuesday. Argus lifted their price objective on shares of Bank of America from $58.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. HSBC upgraded shares of Bank of America from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Wednesday, April 1st. Evercore reduced their price target on shares of Bank of America from $59.00 to $55.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Morgan Stanley decreased their price target on shares of Bank of America from $67.00 to $61.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Twenty-three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Bank of America currently has a consensus rating of “Moderate Buy” and an average target price of $59.10.

Bank of America Trading Up 0.4%

Shares of Bank of America stock opened at $50.26 on Tuesday. Bank of America has a 1-year low of $33.06 and a 1-year high of $57.55. The company’s fifty day simple moving average is $50.61 and its 200-day simple moving average is $52.19. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $359.15 billion, a PE ratio of 13.12, a P/E/G ratio of 1.20 and a beta of 1.23.

Bank of America (NYSE:BAC) last posted its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $4.53 billion during the quarter, compared to analyst estimates of $27.73 billion. During the same period in the prior year, the business posted $0.82 EPS. Bank of America’s revenue was up 12.3% on a year-over-year basis. As a group, equities analysts anticipate that Bank of America will post 3.7 earnings per share for the current year.

Insider Activity

In related news, insider Thomas M. Scrivener sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $49.82, for a total value of $2,491,000.00. Following the completion of the transaction, the insider owned 227,973 shares of the company’s stock, valued at $11,357,614.86. The trade was a 17.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction 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 transaction, the insider directly 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 227,832 shares of company stock worth $11,094,960. 0.27% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bank of America

Hedge funds and other institutional investors have recently bought and sold shares of the business. J. Derek Lewis & Associates Inc. purchased a new stake in Bank of America in the fourth quarter valued at $1,298,000. Purpose Unlimited Inc. purchased a new stake in shares of Bank of America in the fourth quarter worth about $65,000. Cornerstone Planning LLC acquired a new stake in Bank of America during the fourth quarter worth about $4,250,000. Bank of New Hampshire raised its position in Bank of America by 1.8% during the fourth quarter. Bank of New Hampshire now owns 53,504 shares of the financial services provider’s stock valued at $2,943,000 after acquiring an additional 956 shares in the last quarter. Finally, World Investment Advisors raised its position in Bank of America by 45.1% during the fourth quarter. World Investment Advisors now owns 244,191 shares of the financial services provider’s stock valued at $13,431,000 after acquiring an additional 75,920 shares in the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Key Bank of America News

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

• Positive Sentiment: Major banks lifted or maintained bullish views while trimming targets modestly, keeping constructive tone (Goldman Sachs raised its target to $58 and keeps a Buy rating). Goldman Sachs raises PT
• Positive Sentiment: Other large houses (JPMorgan, Daiwa) adjusted price targets but kept Overweight/Buy stances, which supports upside expectations even after target trims. JPMorgan PT change
• Positive Sentiment: Erste Group raised its FY2026 and FY2027 EPS assumptions modestly (FY26 to ~$4.34; FY27 to ~$4.97), backing the earnings narrative ahead of Q1.
• Positive Sentiment: Institutional recognition and awards (e.g., named No.1 nonprofit OCIO provider) help reinforce franchise strength and fee‑business credibility. OCIO award
• Neutral Sentiment: Upcoming catalyst: BofA will report Q1 2026 results and host an investor call on April 15 — the report is the primary near‑term driver of stock direction. Q1 release date
• Neutral Sentiment: Analysis pieces note that some rate tailwind is fading — supportive for medium term but creates uncertainty about re‑acceleration of NII growth. Rate tailwind commentary
• Negative Sentiment: Some sell‑side cuts on price targets reflect valuation concerns — Truist trimmed its target to $57 citing valuation issues, a flag for investors worried about limited near‑term upside. Truist lowers PT
• Negative Sentiment: AUTONOMOUS and a few outlets put more pessimistic near‑term forecasts / lowered targets (Autonomous cut to $54), adding downward pressure on sentiment for some traders. Autonomous lowers PT

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.