Bank of America

BAC · NYSE

$50.64+$0.25 (+0.50%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $50.39

BAC analyst rating

BuyConsensus of 21 analysts over the last 12 months. 81% rate it a buy.

Strong buy0
Buy17
Hold4
Underperform0
Sell0

12-month price target · 24 analysts

Average $68.63 (+35.5% upside)

Low: $48.48
Now: $50.64
High: $79.80

Upgrades and downgrades

The latest rating actions, newest first

BAC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Oct 15, 2026	Maintains	Buy	$66.00 → $60.00	77%
Morgan Stanley	Oct 15, 2026	Maintains	Overweight	$67.00 → $61.00	52%
Truist Securities	Oct 15, 2026	Maintains	Buy	$62.00 → $58.00	46%
RBC Capital	Oct 15, 2026	Maintains	Outperform	$65.00 → $60.00	67%
Barclays	Oct 15, 2026	Maintains	Overweight	$72.00 → $68.00	52%
Wells Fargo	Oct 15, 2026	Maintains	Overweight	$69.00 → $64.00	61%
TD Cowen	Oct 15, 2026	Maintains	Hold	$60.00 → $56.00	50%
Evercore ISI Group	Oct 15, 2026	Maintains	Outperform	$62.00 → $57.00	62%
Keefe, Bruyette & Woods	Oct 15, 2026	Maintains	Outperform	$70.00 → $65.00	33%
Baird	Oct 15, 2026	Upgrade	Neutral → Outperform	$62.00	67%

The case for and against

Updated Oct 14, 2026

Bull case

Bank of America is attractive because its diversified franchise spans consumer, commercial, wealth, investment banking, payments, and technology, allowing it to translate scale into more consistent earnings growth and positive operating leverage. The company’s 2Q26 results underscored that strength, with net income of $9.1 billion, diluted EPS of $1.21, revenue up 15% to $31.6 billion, and ROTCE improving to 17.0%, while credit quality also remained solid with net charge-offs at 0.47% and CET1 at 11.2%. Its durable low-cost deposit base, rising net interest income, record Global Markets and GWIM performance, and steady capital returns support a favorable long-term outlook.

Bear case

Bank of America is exposed to cyclical credit, regulatory, and market risks that can pressure earnings even with its $3.5 trillion balance sheet and leading U.S. deposit franchise. Its reliance on net interest income plus fee-sensitive businesses such as capital markets and wealth management leaves results vulnerable to yield-curve shifts, softer trading or advisory activity, and a prolonged recession that could raise loan loss provisions. Although CET1 remained 11.2% and SLR 5.5%, the latest $1.4 billion provision for credit losses and ongoing policy, geopolitical, and state-level restrictions highlight that downside risks can still outweigh its scale advantages.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.