FY2026 EPS Estimates for Bank of America Boosted by Analyst

Key Points

• Erste Group Bank modestly raised its FY2026 EPS estimate for Bank of America to $4.34 (from $4.32) and maintained a Hold rating, while forecasting FY2027 EPS of $4.97 and noting the consensus current full‑year estimate is $3.70.
• Bank of America last reported quarterly EPS of $0.98 versus consensus $0.96 and saw quarterly revenue up 12.3% year‑over‑year.
• The analyst backdrop is mixed—several firms recently trimmed price targets yet the firm has 23 Buys and 5 Holds for a consensus label of Moderate Buy with an average price target of $58.90; the stock yields about 2.2% annually and insiders have been net sellers recently.

Bank of America Corporation (NYSE:BAC - Free Report) - Equities researchers at Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for shares of Bank of America in a research report issued to clients and investors on Thursday, April 2nd. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings of $4.34 per share for the year, up from their previous forecast of $4.32. Erste Group Bank has a "Hold" rating on the stock. The consensus estimate for Bank of America's current full-year earnings is $3.70 per share. Erste Group Bank also issued estimates for Bank of America's FY2027 earnings at $4.97 EPS.

Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings data on Wednesday, January 14th. The financial services provider reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.02. The firm had revenue of $4.53 billion during the quarter, compared to analysts' expectations of $27.73 billion. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The company's quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS.

Several other equities analysts have also recently weighed in on BAC. Keefe, Bruyette & Woods dropped their price objective on Bank of America from $64.00 to $63.00 and set an "outperform" rating for the company in a report on Thursday, January 15th. CICC Research initiated coverage on Bank of America in a report on Wednesday, January 14th. They issued an "outperform" rating and a $62.00 price objective for the company. Piper Sandler boosted their price target on Bank of America from $56.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, January 15th. Evercore lowered their price target on Bank of America from $59.00 to $55.00 and set an "outperform" rating for the company in a report on Monday. Finally, Autonomous Res lowered their price target on Bank of America from $62.00 to $54.00 and set a "neutral" rating for the company in a report on Monday. Twenty-three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $58.90.

Bank of America Price Performance

Shares of NYSE BAC opened at $50.26 on Wednesday. The stock has a market capitalization of $359.15 billion, a PE ratio of 13.12, a P/E/G ratio of 1.20 and a beta of 1.23. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.80 and a quick ratio of 0.80. The business has a fifty day moving average price of $50.61 and a two-hundred day moving average price of $52.19. Bank of America has a fifty-two week low of $33.06 and a fifty-two week high of $57.55.

Bank of America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 6th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, March 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.2%. Bank of America's payout ratio is 29.24%.

Insider Transactions at Bank of America

In other news, insider James P. Demare sold 83,832 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total transaction of $4,191,600.00. Following the completion of the transaction, the insider owned 307,240 shares of the company's stock, valued at approximately $15,362,000. The trade was a 21.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bernard A. Mensah sold 94,000 shares of the business's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $46.94, for a total value of $4,412,360.00. Following the transaction, the insider directly owned 170,184 shares of the company's stock, valued at $7,988,436.96. This trade represents a 35.58% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 227,832 shares of company stock valued at $11,094,960. Corporate insiders own 0.27% of the company's stock.

Hedge Funds Weigh In On Bank of America

Institutional investors and hedge funds have recently bought and sold shares of the company. Abound Financial LLC acquired a new position in Bank of America in the 4th quarter worth about $26,000. Wiser Advisor Group LLC acquired a new position in Bank of America in the 3rd quarter worth about $27,000. Steph & Co. increased its holdings in Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider's stock worth $28,000 after purchasing an additional 379 shares in the last quarter. Legacy Bridge LLC increased its holdings in Bank of America by 182.3% in the 4th quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider's stock worth $28,000 after purchasing an additional 330 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new position in Bank of America in the 3rd quarter worth about $30,000. Institutional investors and hedge funds own 70.71% of the company's stock.

Bank of America News Roundup

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

• Positive Sentiment: Goldman Sachs raised its price target to $58 and kept a buy view, supporting upside thesis from an influential sell‑side shop. Goldman Sachs raises PT to $58
• Positive Sentiment: Evercore ISI reiterated a buy/on positive stance (separate note also trimmed its PT — see negatives) — continued institutional buy ratings give credibility to longer‑term upside. Evercore ISI sticks to buy
• Positive Sentiment: Operational/consumer wins: Bank of America was named the No.1 nonprofit OCIO provider (PR) and expanded card partnerships via a Royal Caribbean tri‑branded Visa program — both support fee income and card spend over time. BofA named No.1 nonprofit OCIO provider Royal Caribbean tri‑branded cards with BofA
• Neutral Sentiment: Analysts and commentators expect broadly in‑line to slightly better Q1 results across major US banks, per BofA research — supportive for relative performance but leaves stock sensitive to actual Q1 prints. US banks set to deliver solid Q1 results (BofA research)
• Neutral Sentiment: Company/market commentary and previews (Seeking Alpha, Zacks) highlight BAC's long‑term case but note near‑term sensitivity to rates and whether earnings can stabilize — a watch‑and‑wait backdrop into earnings. Earnings: pivotal report for 2026 expectations
• Negative Sentiment: Several sell‑side firms trimmed price targets recently (JPMorgan to $57.50, Daiwa to $58, Evercore to $55, Autonomous to $54, Truist to $57) or moved to more conservative stances — these cuts signal valuation concerns and cap near‑term upside. JPMorgan trims PT to $57.50
• Negative Sentiment: Macro/earnings sensitivity: analysts highlight that the rate tailwind that boosted NII is fading — if net interest income growth slows, earnings could disappoint versus current expectations. More priced in than left to price (Seeking Alpha)
• Negative Sentiment: Standalone bearish/neutral research headlines (Autonomous, Evercore pessimistic forecasts in summary feeds) amplify cautious sentiment and likely weigh on short‑term momentum. Autonomous issues pessimistic forecast Evercore issues pessimistic forecast

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.

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