FY2026 EPS Forecast for Bank of America Increased by Analyst

Bank of America Corporation (NYSE:BAC) – Equities research analysts at Erste Group Bank increased their FY2026 EPS estimates for Bank of America in a research note issued to investors on Wednesday, July 15th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings per share of $4.53 for the year, up from their previous forecast of $4.47. The consensus estimate for Bank of America’s current full-year earnings is $4.64 per share. Erste Group Bank also issued estimates for Bank of America’s FY2027 earnings at $5.13 EPS.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Friday, April 24th. HSBC lifted their price objective on shares of Bank of America from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, April 16th. Oppenheimer cut shares of Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Evercore set a $63.00 price target on Bank of America and gave the company an “outperform” rating in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Bank of America from $57.50 to $62.50 and gave the company an “overweight” rating in a report on Monday, July 6th. Twenty-one equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $63.77.

Bank of America Stock Performance

BAC opened at $61.48 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.83 and a quick ratio of 0.81. The business has a fifty day simple moving average of $55.11 and a 200 day simple moving average of $53.09. Bank of America has a 1 year low of $44.75 and a 1 year high of $62.03. The company has a market capitalization of $436.30 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.00 and a beta of 1.17.

Bank of America (NYSE:BAC) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.13 by $0.08. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The firm’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 5th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.8%. Bank of America’s payout ratio is 27.72%.

Insiders Place Their Bets

In other Bank of America news, insider Geoffrey S. Greener sold 126,756 shares of Bank of America stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $53.01, for a total value of $6,719,335.56. Following the transaction, the insider owned 1,373,397 shares in the company, valued at $72,803,774.97. The trade was a 8.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.27% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bank of America

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ballast Inc. lifted its stake in Bank of America by 65.6% in the 2nd quarter. Ballast Inc. now owns 14,875 shares of the financial services provider’s stock valued at $848,000 after purchasing an additional 5,894 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in shares of Bank of America by 4.2% in the 2nd quarter. Regent Peak Wealth Advisors LLC now owns 14,073 shares of the financial services provider’s stock valued at $802,000 after acquiring an additional 564 shares during the last quarter. Tema ETFs LLC boosted its holdings in shares of Bank of America by 10.7% during the 2nd quarter. Tema ETFs LLC now owns 136,391 shares of the financial services provider’s stock valued at $7,772,000 after acquiring an additional 13,195 shares in the last quarter. GenWealth Group Inc. bought a new stake in Bank of America during the 2nd quarter worth $206,000. Finally, Dagco Inc. increased its holdings in Bank of America by 337.2% in the 2nd quarter. Dagco Inc. now owns 9,330 shares of the financial services provider’s stock worth $532,000 after purchasing an additional 7,196 shares in the last quarter. 70.71% of the stock is owned by institutional investors.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America’s Q2 results came in better than expected, with strong earnings momentum, durable loan and deposit growth, and improving operating leverage helping reinforce the bull case. These Analysts Boost Their Forecasts On Bank of America Following Upbeat Q2 Results
• Positive Sentiment: Several Wall Street firms raised their targets on BAC, including Truist, KBW, Wells Fargo and Barclays, signaling increased confidence in the bank’s earnings outlook and potential upside. These Analysts Boost Their Forecasts On Bank of America Following Upbeat Q2 Results
• Positive Sentiment: BofA’s trading and investment-banking activity is benefiting from market whiplash and stronger deal activity, which supports near-term revenue growth in its markets businesses. BofA rides market whiplash to trading records, deal activity shines
• Positive Sentiment: Management says its AI investments are starting to pay off through better efficiency and returns, suggesting operating leverage could continue to improve. Bank of America’s AI bet is starting to pay off, its CFO says
• Positive Sentiment: Bank of America’s private bank study highlights the “Great Wealth Transfer” and more family businesses being inherited, a trend that could support long-term wealth-management and advisory revenues. Bank Of America (BAC) Says More US Businesses Are Staying In The Family
• Neutral Sentiment: BAC’s CEO joined peers in warning about AI-related security risks, which is important for the financial sector but not an immediate direct driver of earnings. Bank of America CEO Brian Moynihan Joins Wall Street Leaders in Warning of Mythos AI Risks
• Neutral Sentiment: Articles questioning whether BAC is overvalued or discussing valuation are likely to influence investor debate, but do not by themselves change the bank’s operating outlook. Is Bank of America Corporation (BAC) Overvalued?

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.