FY2026 EPS Estimates for Bank of America Boosted by Analyst

Bank of America Corporation (NYSE:BAC) – Analysts at Erste Group Bank increased their FY2026 earnings per share (EPS) estimates for Bank of America in a research note issued on Wednesday, August 5th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will earn $4.65 per share for the year, up from their previous forecast of $4.64. The consensus estimate for Bank of America’s current full-year earnings is $4.68 per share. Erste Group Bank also issued estimates for Bank of America’s FY2027 earnings at $5.25 EPS.

A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Bank of America from $62.50 to $68.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group boosted their price target on shares of Bank of America from $58.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings restated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Citigroup boosted their target price on shares of Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company raised their target price on Bank of America from $67.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Bank of America presently has an average rating of “Moderate Buy” and an average price target of $64.08.

Bank of America Stock Performance

Shares of BAC opened at $63.74 on Tuesday. The stock has a 50 day moving average of $58.88 and a 200 day moving average of $53.97. The company has a market capitalization of $445.72 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.01 and a beta of 1.17. Bank of America has a 12 month low of $45.81 and a 12 month high of $64.00. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23.

Bank of America Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s payout ratio is presently 29.36%.

Institutional Investors Weigh In On Bank of America

A number of large investors have recently added to or reduced their stakes in BAC. Total Clarity Wealth Management Inc. boosted its stake in Bank of America by 3.6% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider’s stock worth $279,000 after buying an additional 168 shares in the last quarter. Orca Wealth Management LLC lifted its stake in shares of Bank of America by 0.5% in the 2nd quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock valued at $1,999,000 after acquiring an additional 179 shares during the last quarter. Financial Consulate Inc. lifted its position in Bank of America by 4.0% in the second quarter. Financial Consulate Inc. now owns 4,741 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 181 shares during the last quarter. Money Concepts Capital Corp boosted its position in Bank of America by 3.8% during the 4th quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider’s stock valued at $273,000 after buying an additional 182 shares during the period. Finally, Operose Advisors LLC raised its position in Bank of America by 0.9% during the 4th quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider’s stock valued at $1,123,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors 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: Strong technology-sector outlook supports BofA’s research franchise. BofA analysts named Nvidia a top semiconductor pick and assigned a $350 target, citing a potential Rubin-driven upgrade cycle. The firm also initiated coverage of Tower Semiconductor with a Buy rating and a $367 target. These calls reinforce BofA’s positioning in the growing AI and semiconductor investment-banking ecosystem. Nvidia Stock’s Rubin Era Begins: A ‘Top Pick,’ BofA Says Bank of America sets aggressive Tower Semiconductor target
• Positive Sentiment: Corporate earnings and AI spending remain constructive for markets. About 80% of reporting S&P 500 companies posted year-over-year EPS growth in the second quarter, with AI identified as a key growth engine. A healthy earnings backdrop can support equity-market activity, client trading, and investment-banking demand for BAC. Corporate earnings soared in Q2, with AI as the growth engine
• Neutral Sentiment: BofA disclosed that a wholly controlled subsidiary raised its indirect stake in Alves Kablo to 5.2%, while a separate report said the bank increased its IREN holding by 58% in the first quarter. These actions may signal confidence in selected investments but are not expected to materially affect BAC’s near-term results. Bank of America Raises Indirect Stake in Alves Kablo to 5.2%
• Neutral Sentiment: Bank of America provided a $50,000 grant to support mentoring, workforce development, and career-readiness programs in New Jersey. The initiative may enhance the bank’s community reputation but has limited direct financial significance. Bank of America Expands Partnership With Big Brothers Big Sisters
• Negative Sentiment: Concerns that AI spending could slow represent a risk to highly concentrated technology markets. A sharper AI-sector correction could weaken investor sentiment and reduce trading or advisory activity, though the article does not identify a company-specific issue at BAC. AI Spending is Slowing Down

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.