JPMorgan Chase & Co. Has Lowered Expectations for Bank of America (NYSE:BAC) Stock Price

Key Points

• JPMorgan Chase cut its price target on Bank of America to $57.50 from $61.50 while keeping an "overweight" rating, implying roughly a 15% upside from current levels.
• Analyst views are mixed — Barclays raised its target to $71 while others trimmed theirs; the street consensus is a Moderate Buy with an average target near $58.90 (23 Buys, 5 Holds).
• Bank of America beat quarterly EPS estimates ($0.98 vs. $0.96) with year‑over‑year revenue growth, but insiders have sold shares (~227,832 in the past 90 days) and analysts warn a fading interest‑rate tailwind could create near‑term earnings risk.

Bank of America (NYSE:BAC) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $61.50 to $57.50 in a note issued to investors on Tuesday,MarketScreener reports. The firm currently has an "overweight" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 15.19% from the company's current price.

Several other brokerages have also recently weighed in on BAC. Erste Group Bank cut Bank of America from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 4th. Barclays upped their target price on Bank of America from $59.00 to $71.00 and gave the company an "overweight" rating in a research note on Monday, January 5th. Autonomous Res cut their target price on Bank of America from $62.00 to $54.00 and set a "neutral" rating on the stock in a research note on Monday. Piper Sandler increased their price objective on Bank of America from $56.00 to $57.00 and gave the stock a "neutral" rating in a research note on Thursday, January 15th. Finally, TD Cowen lowered their price objective on Bank of America from $66.00 to $64.00 and set a "buy" rating for the company in a research report on Thursday, January 15th. Twenty-three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $58.90.

Bank of America Stock Performance

BAC stock opened at $49.92 on Tuesday. The company has a market cap of $356.71 billion, a P/E ratio of 13.04, a price-to-earnings-growth 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 stock's fifty day moving average price is $50.64 and its 200-day moving average price is $52.20. Bank of America has a 1 year low of $33.06 and a 1 year high of $57.55.

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 EPS for the quarter, beating the consensus estimate of $0.96 by $0.02. Bank of America had a return on equity of 11.07% and a net margin of 16.23%.The business had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $27.73 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The business's revenue was up 12.3% on a year-over-year basis. On average, equities analysts forecast that Bank of America will post 3.7 earnings per share for the current year.

Insider Activity at Bank of America

In related news, insider James P. Demare sold 83,832 shares of Bank of America stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $50.00, for a total value of $4,191,600.00. Following the completion of the transaction, the insider owned 307,240 shares in the company, valued at $15,362,000. The trade was a 21.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bernard A. Mensah sold 94,000 shares of Bank of America stock in a transaction dated 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 completion of the sale, the insider owned 170,184 shares in the company, valued at approximately $7,988,436.96. The trade was a 35.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 227,832 shares of company stock worth $11,094,960 in the last 90 days. Corporate insiders own 0.30% of the company's stock.

Institutional Trading of Bank of America

Large investors have recently modified their holdings of the stock. DecisionMap Wealth Management LLC boosted its stake in Bank of America by 4.7% in the fourth quarter. DecisionMap Wealth Management LLC now owns 4,061 shares of the financial services provider's stock valued at $223,000 after acquiring an additional 182 shares in the last quarter. Money Concepts Capital Corp boosted its stake in shares of Bank of America by 3.8% during the fourth quarter. Money Concepts Capital Corp now owns 4,964 shares of the financial services provider's stock worth $273,000 after buying an additional 182 shares during the period. Holistic Financial Partners boosted its stake in shares of Bank of America by 2.4% during the fourth quarter. Holistic Financial Partners now owns 7,896 shares of the financial services provider's stock worth $434,000 after buying an additional 183 shares during the period. Operose Advisors LLC boosted its stake in shares of Bank of America by 0.9% during the fourth quarter. Operose Advisors LLC now owns 20,409 shares of the financial services provider's stock worth $1,123,000 after buying an additional 185 shares during the period. Finally, Asahi Life Asset Management CO. LTD. boosted its stake in shares of Bank of America by 1.0% during the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 19,847 shares of the financial services provider's stock worth $1,092,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors 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 was named the No. 1 global OCIO provider for nonprofits in 2025 — a win for recurring fee revenue and institutional credibility that supports long‑term noninterest income growth. Bank of America Named No. 1 Nonprofit OCIO Provider Globally in 2025
• Positive Sentiment: Goldman Sachs raised its price target to $58 (maintains Buy), boosting sentiment and giving analysts’ support for further upside versus current levels. Goldman Sachs adjusts price target on Bank of America to $58 from $57; maintains Buy
• Positive Sentiment: Coverage and media pieces note BAC has outpaced the broader market recently and that analyst upgrades are refocusing attention on its earnings track record, capital returns (dividends/buybacks) and valuation — factors likely driving short‑term buying. Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
• Neutral Sentiment: Evercore trimmed its price target to $55 but kept an Outperform rating — mixed signal (lower target vs. continued conviction), so watch analyst commentary for guidance. Evercore ISI adjusts price target on Bank of America to $55 from $59; maintains Outperform
• Neutral Sentiment: Autonomous lowered its target to $54 and kept a Neutral rating — another modest pullback in street targets but not a consensus downgrade. Autonomous adjusts price target on Bank of America to $54 from $62; maintains Neutral
• Neutral Sentiment: Bank of America research is in the news for macro views (India/Nifty forecasts, stagflation risks) — useful for global clients but only indirectly relevant to BAC’s own stock performance. BofA cites nearly 50 stocks that could perform well irrespective of geopolitical outcome
• Negative Sentiment: Analysts warn the interest‑rate tailwind is fading — Bank of America heads into Q1 results (expected Apr. 15) with still‑resilient NII but a risk that margin benefits slow if rates stabilize or fall, creating earnings sensitivity. This introduces short‑term earnings risk that could temper further upside. Bank of America (BAC) looks strong ahead of Q1 results but the rate tailwind is fading

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.