Bank of America Corporation (NYSE:BAC) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Bank of America, with 21 buy ratings and six holds among 27 analysts. The average 12-month price target is $64.08, with recent targets ranging from $59 to $75.
• Bank of America shares opened at $63.15, near their 52-week high of $63.97, while institutional investors and hedge funds own 70.71% of the stock.
• The company raised its quarterly dividend from $0.28 to $0.32 per share, equivalent to $1.28 annually and a 2.0% yield; the dividend is payable September 25 to shareholders of record September 4.

Shares of Bank of America Corporation (NYSE:BAC) have received an average recommendation of "Moderate Buy" from the twenty-seven analysts that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $64.0833.

A number of equities research analysts have commented on BAC shares. Jefferies Financial Group restated a "buy" rating and issued a $75.00 price target on shares of Bank of America in a report on Tuesday, July 14th. Morgan Stanley upped their price objective on shares of Bank of America from $61.00 to $67.00 and gave the company an "overweight" rating in a report on Monday, June 29th. HSBC increased 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 report on Thursday, April 16th. UBS Group raised their target price on Bank of America from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, Piper Sandler increased their price target on Bank of America from $53.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, April 16th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BAC. Abound Financial LLC bought a new position in Bank of America in the 4th quarter valued at about $26,000. Wiser Advisor Group LLC bought a new position in Bank of America in the 3rd quarter valued at $27,000. Legacy Bridge LLC increased its holdings in Bank of America by 182.3% during the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider's stock worth $28,000 after buying an additional 330 shares during the last quarter. CrossGen Wealth LLC purchased a new stake in Bank of America in the fourth quarter worth $30,000. Finally, Joseph Group Capital Management purchased a new stake in Bank of America during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 70.71% of the company's stock.

Trending Headlines about Bank of America

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

• Positive Sentiment: Bank of America’s dividend increase is highlighted among notable 2026 dividend hikes, reinforcing the bank’s capital-return story and potentially supporting investor demand. These Outperforming Giants Are Boosting Dividends in 2026
• Positive Sentiment: Articles point to faster payment transfers and digital capabilities as potential growth drivers, helping Bank of America compete for consumer and business transactions. Can Faster Transfers Drive Growth?
• Positive Sentiment: Bank of America remains a favored outperforming bank in options commentary, suggesting some traders see additional upside after the stock’s strong run. This Outperforming Bank Stock Has More Room to Run
• Neutral Sentiment: The bank disclosed a 3.08% position in Umicore through voting rights and equivalent financial instruments. The filing reflects Bank of America’s investment or trading activities, but does not materially change its core banking outlook. Umicore Transparency Notification
• Neutral Sentiment: Management’s decision to spend more than $250 million annually on GLP-1 drugs for employees could improve workforce health and productivity, but also raises benefit costs. Bank of America Spends $250 Million Yearly on GLP-1 Drugs
• Negative Sentiment: Investment-banking co-head Mike Joo is leaving for an external opportunity, while technology executive Liu is also reportedly departing for a competitor. Multiple senior exits may raise concerns about leadership continuity and talent retention. Mike Joo to Leave Bank of America
• Negative Sentiment: Bank of America disclosed potential monetary penalties related to deficiencies in its anti-money-laundering program. The size and timing of any settlement remain key uncertainties. Bank of America Flags AML Penalty Risk
• Negative Sentiment: Bank of America strategists say their bullish sentiment gauge is at its most extreme level since 2021 and recommend reducing risk exposure. Although this is not a direct downgrade of BAC, it could limit near-term gains across financial and broader equity markets. BofA Sentiment Gauge Hits Most Extreme Bullish Level Since 2021

Bank of America Stock Performance

Shares of BAC stock opened at $63.15 on Friday. The firm has a 50 day moving average of $58.64 and a 200-day moving average of $53.88. The company has a market cap of $441.61 billion, a price-to-earnings ratio of 14.48, a price-to-earnings-growth ratio of 1.01 and a beta of 1.17. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.23. Bank of America has a 52 week low of $44.98 and a 52 week high of $63.97.

Bank of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 4th. This is an increase from Bank of America's previous quarterly dividend of $0.28. Bank of America's payout ratio is 25.69%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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