FY2026 EPS Forecast for Bank of America Raised by Analyst

Key Points

• Erste Group Bank raised Bank of America’s FY2026 EPS forecast to $4.65 from $4.64, just below the $4.68 consensus estimate, and projected FY2027 EPS of $5.25.
• Analyst sentiment remains favorable, with 21 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $64.08; shares opened at $63.74.
• Bank of America increased its quarterly dividend to $0.32 from $0.28, equating to $1.28 annually and a 2.0% yield, with a payout ratio of 29.36%.

Bank of America Corporation (NYSE:BAC - Free Report) - Analysts 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 Wednesday, August 5th. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings per share of $4.65 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 firms have also commented on BAC. Argus set a $70.00 price objective on Bank of America in a research note on Wednesday, July 15th. Citigroup increased 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 report on Tuesday, June 23rd. Wells Fargo & Company raised their price target on shares of Bank of America from $67.00 to $69.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Barclays boosted their price target on shares of Bank of America from $71.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Finally, 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. Twenty-one investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Bank of America presently has an average rating of "Moderate Buy" and an average price target of $64.08.

Bank of America Trading Up 0.9%

NYSE BAC opened at $63.74 on Tuesday. The firm has a market capitalization of $445.72 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.01 and a beta of 1.17. The business's 50-day moving average price is $58.88 and its two-hundred day moving average price is $53.97. 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 has a 12 month low of $45.81 and a 12 month high of $64.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Trillium Asset Management LLC acquired a new position in Bank of America during the 2nd quarter valued at about $45,119,000. Altman Advisors Inc. purchased a new stake in Bank of America in the 2nd quarter valued at $2,425,000. Clay Northam Wealth Management LLC purchased a new stake in Bank of America in the 2nd quarter valued at $372,000. Jupiter Wealth Management LLC bought a new position in Bank of America during the 2nd quarter valued at $2,085,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in Bank of America during the 2nd quarter worth $371,000. 70.71% of the stock is owned by institutional investors.

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 29.36%.

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

Bank of America Company Profile

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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