UBS Group Has Lowered Expectations for Bank of America (NYSE:BAC) Stock Price

Key Points

• UBS Group lowered Bank of America’s price target from $67 to $62 while maintaining a “buy” rating, implying roughly 25% upside from the stock’s stated $49.47 price.
• Several other analysts also reduced their targets, but overall sentiment remains positive: Bank of America has a “Moderate Buy” consensus rating and an average target price of $62.48.
• Bank of America’s latest quarterly results slightly missed expectations, with earnings of $1.08 per share versus $1.10 expected and revenue of $29.96 billion versus $30.58 billion forecast; institutional investors own about 70.7% of the stock.

Bank of America (NYSE:BAC - Get Free Report) had its target price cut by equities research analysts at UBS Group from $67.00 to $62.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the financial services provider's stock. UBS Group's price target indicates a potential upside of 25.32% from the stock's current price.

Several other equities analysts also recently weighed in on the stock. Citigroup dropped their target price on shares of Bank of America from $66.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, October 15th. Truist Financial cut their target price on shares of Bank of America from $62.00 to $58.00 and set a "buy" rating for the company in a research report on Thursday, October 15th. Wells Fargo & Company reduced their price target on shares of Bank of America from $69.00 to $64.00 and set an "overweight" rating on the stock in a report on Thursday, October 15th. Jefferies Financial Group lowered their price target on shares of Bank of America from $75.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, September 24th. Finally, Barclays dropped their price objective on shares of Bank of America from $72.00 to $68.00 and set an "overweight" rating for the company in a research note on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Bank of America currently has a consensus rating of "Moderate Buy" and an average target price of $62.48.

Bank of America Price Performance

BAC traded down $0.54 during trading on Monday, reaching $49.47. 46,770,275 shares of the stock were exchanged, compared to its average volume of 37,662,445. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $345.95 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 0.87 and a beta of 1.21. Bank of America has a 1 year low of $46.12 and a 1 year high of $65.22. The business's 50 day moving average price is $56.44 and its two-hundred day moving average price is $54.96.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.10 by ($0.02). The firm had revenue of $29.96 billion during the quarter, compared to analysts' expectations of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The company's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.06 EPS. As a group, equities research analysts anticipate that Bank of America will post 4.52 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Genesis Private Wealth LLC increased its stake in Bank of America by 46.7% in the third quarter. Genesis Private Wealth LLC now owns 9,291 shares of the financial services provider's stock valued at $506,000 after purchasing an additional 2,959 shares during the last quarter. Brady Family Wealth LLC lifted its position in Bank of America by 0.6% during the third quarter. Brady Family Wealth LLC now owns 42,310 shares of the financial services provider's stock worth $2,303,000 after buying an additional 243 shares during the period. Platform Technology Partners lifted its position in Bank of America by 2.0% during the third quarter. Platform Technology Partners now owns 22,260 shares of the financial services provider's stock worth $1,212,000 after buying an additional 440 shares during the period. Quest 10 Wealth Builders Inc. boosted its stake in Bank of America by 24.8% in the 3rd quarter. Quest 10 Wealth Builders Inc. now owns 1,754 shares of the financial services provider's stock worth $95,000 after buying an additional 349 shares during the last quarter. Finally, Wealth Dimensions Group Ltd. boosted its stake in Bank of America by 17.5% in the 3rd quarter. Wealth Dimensions Group Ltd. now owns 15,213 shares of the financial services provider's stock worth $828,000 after buying an additional 2,271 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company's stock.

More Bank of America News

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

• Positive Sentiment: Some Wall Street analysts remain bullish on Bank of America despite its recent underperformance, suggesting potential upside based on valuation and longer-term earnings prospects. Are Wall Street Analysts Predicting Bank of America Stock Will Climb or Sink?
• Neutral Sentiment: Bank of America disclosed higher indirect ownership stakes in Turkey-based Euro Trend Yatırım Ortaklığı and Prizma Pres. These appear to be small, unrelated investment positions and are unlikely to materially affect BAC’s earnings or valuation. Bank of America Raises Indirect Euro Trend Stake to 3.011%
• Negative Sentiment: Multiple law firms publicized a securities class action involving investors who bought BAC shares between August 1, 2025, and October 13, 2026. The notices allege securities-law violations and highlight a December 15, 2026, lead-plaintiff deadline. The announcements are largely investor-solicitation notices rather than findings of wrongdoing, but they add legal and reputational overhang. Kaplan Fox Bank of America Class Action Notice
• Negative Sentiment: Bank of America economists warned that a sustained correction in artificial-intelligence investment could become a major risk to the global economy. A sharper technology downturn could pressure capital markets, loan demand and investment-banking activity, although this is a macroeconomic warning rather than a BAC-specific forecast. BofA Warns About AI Boom Risks
• Negative Sentiment: A separate report highlighted a pessimistic price outlook from JPMorgan Chase, reinforcing near-term analyst caution around BAC. JPMorgan Issues Pessimistic Forecast for Bank of America

About Bank of America

Bank of America Corporation NYSE: BAC is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company's consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.

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