Bank of America (BAC) Projected to Release Earnings on Wednesday

Key Points

• Bank of America is expected to report Q3 2026 results before the market opens on October 14. Analysts forecast earnings of $1.10 per share on $30.65 billion in revenue, following the prior quarter’s $1.21-per-share earnings beat.
• Analyst sentiment remains broadly positive, with 20 Buy ratings, six Holds, and a consensus price target of $64.39 versus the stock’s recent price of $54.07. However, some analysts have lowered price targets, and investors remain cautious about interest rates, consumer strength, and credit performance.
• Bank of America raised its quarterly dividend to $0.32 per share from $0.28, representing a $1.28 annualized payout and approximately a 2.4% yield.

Bank of America (NYSE:BAC - Get Free Report) is expected to be issuing its Q3 2026 results before the market opens on Wednesday, October 14th. Analysts expect the company to announce earnings of $1.10 per share and revenue of $30.6514 billion for the quarter. Parties may visit the the company's upcoming Q3 2026 earning summary page for the latest details on the call scheduled for Wednesday, October 14, 2026 at 8:30 AM ET.

Bank of America (NYSE:BAC - Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.08. The company had revenue of $31.56 billion during the quarter, compared to analysts' expectations of $30.78 billion. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. Bank of America's revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 earnings per share. On average, analysts expect Bank of America to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Bank of America Price Performance

BAC stock opened at $54.07 on Wednesday. The firm has a market cap of $378.11 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 0.87 and a beta of 1.21. 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 12-month low of $46.12 and a 12-month high of $65.22. The company's fifty day simple moving average is $60.56 and its 200 day simple moving average is $56.45.

Bank of America Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were given a $0.32 dividend. This is a boost from Bank of America's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.4%. Bank of America's dividend payout ratio is 29.36%.

Key Stories Impacting Bank of America

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

• Positive Sentiment: Analyst support remains favorable: UBS maintained its Buy rating, while JPMorgan reiterated an Overweight rating. The endorsements reinforce the view that BAC’s valuation and earnings outlook remain attractive. UBS Keeps Their Buy Rating on Bank of America JPMorgan Reiterates Overweight Rating on Bank of America
• Positive Sentiment: Higher-rate outlook could support bank profitability: BofA strategists expect two-year Treasury yields to rise further as economic data remains robust and the Federal Reserve could keep rates elevated. Higher rates can support lending yields and net interest income, although the benefit depends on deposit costs and credit quality. Two-Year Treasury Yields Could Rise Further
• Positive Sentiment: Relative-value and rotation interest: BAC has been identified among oversold financial and cyclical names that could benefit if investors rotate away from expensive technology stocks and broaden market participation. Oversold Corners of the Market
• Neutral Sentiment: Strategic commentary is influencing sector positioning: BofA is warning that investors may be overexposed to artificial-intelligence spending and technology stocks while underestimating consumer demand. The related recommendation to hedge technology exposure with QQQ options may indirectly encourage a rotation toward traditional financial stocks, but it does not change BAC’s fundamentals. Bank of America Says Investors Are Overplaying AI
• Neutral Sentiment: Fraud-prevention initiative adds modest reputational value: Bank of America launched educational tools and webinars for small businesses amid rising cybercrime losses. The program may strengthen customer relationships, but its near-term financial effect is likely limited. Bank of America Expands Fraud Education
• Negative Sentiment: Investors remain cautious ahead of Q3 results: A recent analysis flags evolving risks approaching earnings, including uncertainty around rates, consumer strength and credit performance. That caution could limit upside despite the positive analyst ratings. Bank of America As Q3 Earnings Near

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BAC shares. Argus set a $70.00 price objective on Bank of America in a research note on Wednesday, July 15th. UBS Group decreased their target price on Bank of America from $70.00 to $67.00 and set a "buy" rating for the company in a research note on Monday. Oppenheimer downgraded Bank of America from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 30th. JPMorgan Chase & Co. dropped their price target on Bank of America from $68.00 to $62.00 and set an "overweight" rating on the stock in a research note on Friday, October 2nd. Finally, Royal Bank Of Canada increased their price target on Bank of America from $59.00 to $65.00 and gave the stock an "outperform" rating in a report on Wednesday, July 15th. Twenty research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.39.

About Bank of America

Bank of America Corporation NYSE: BAC is a diversified financial services company serving individual consumers, small businesses, middle-market companies and large corporations. Its principal businesses include consumer banking, wealth and investment management, commercial banking, corporate and investment banking, and sales and trading.

Through its banking and financial services businesses, the company offers deposit accounts, credit cards, mortgages, home equity products, consumer and business loans, payment services, treasury management, brokerage services and investment advice.

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