Bank of America (NYSE:BAC) Shares Up 1.4% – Still a Buy?

Bank of America Corporation (NYSE:BAC) shares traded up 1.4% on Tuesday . The company traded as high as $54.62 and last traded at $54.3570. 31,571,022 shares were traded during trading, a decline of 20% from the average session volume of 39,513,949 shares. The stock had previously closed at $53.63.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Bank of America said its markets business could exceed the initial forecast of 15% revenue growth in Q2, helped by strength in equities trading. Reuters: Bank of America could exceed 15% market revenue growth in Q2
• Positive Sentiment: The bank is pushing ahead with digital payments initiatives, including cross-border real-time payments and participation in a tokenized deposit network, which may improve its long-term competitive position. Yahoo Finance: Bank of America’s Real-Time Payments and Tokenized Deposits Push Could Be A Game Changer For BAC
• Positive Sentiment: Bank of America also announced a high-visibility FIFA World Cup 2026 sponsorship campaign, which reinforces brand exposure ahead of a major global event. PR Newswire: BofA Kicks Off FIFA World Cup 2026
• Neutral Sentiment: Management comments from the Morgan Stanley US Financials Conference added incremental color, but no major new financial guidance was highlighted in the transcript headline. Seeking Alpha: Bank of America Presents at Morgan Stanley US Financials Conference 2026 Transcript
• Negative Sentiment: BofA’s own strategists warned that many “bear market signposts” are flashing red and suggested investors consider taking profits, which can weigh on sentiment around the firm’s market outlook commentary. Yahoo Finance: BofA warns investors to take profits as 70% of the bank’s bear market signals flash red

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $59.00 price target on shares of Bank of America in a report on Thursday, April 16th. Argus raised their price objective on shares of Bank of America from $59.00 to $62.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Truist Financial raised their price objective on shares of Bank of America from $57.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a report on Friday, April 24th. Finally, Piper Sandler raised their price objective on shares of Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Twenty-two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.06.

Bank of America Stock Performance

The company’s fifty day simple moving average is $51.73 and its two-hundred day simple moving average is $52.32. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $385.75 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.91 and a beta of 1.19.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $1.00 by $0.11. Bank of America had a net margin of 16.78% and a return on equity of 11.49%. The business had revenue of $30.27 billion during the quarter, compared to analyst estimates of $29.72 billion. During the same period in the previous year, the business posted $0.90 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts predict that Bank of America Corporation will post 4.45 earnings per share for the current fiscal year.

Bank of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.1%. Bank of America’s payout ratio is 27.72%.

Insider Activity

In other news, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $46.94, for a total value of $4,412,360.00. Following the completion of the transaction, the insider directly owned 170,184 shares of the company’s stock, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Geoffrey S. Greener sold 126,756 shares of Bank of America stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the completion of the transaction, the insider directly owned 1,373,397 shares of the company’s stock, valued at $72,803,774.97. This trade represents a 8.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Bank of America by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock valued at $35,809,225,000 after purchasing an additional 23,351,183 shares during the last quarter. Capital World Investors lifted its position in Bank of America by 11.0% in the 3rd quarter. Capital World Investors now owns 144,371,118 shares of the financial services provider’s stock valued at $7,448,816,000 after purchasing an additional 14,275,810 shares during the last quarter. Norges Bank bought a new stake in Bank of America in the 4th quarter valued at about $4,774,210,000. Bank of New York Mellon Corp lifted its position in Bank of America by 5.4% in the 4th quarter. Bank of New York Mellon Corp now owns 57,619,317 shares of the financial services provider’s stock valued at $3,169,062,000 after purchasing an additional 2,929,779 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in Bank of America by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 53,783,821 shares of the financial services provider’s stock valued at $2,958,110,000 after purchasing an additional 1,105,833 shares during the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

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.