Bank of America (BAC) News Today

Bank of America (NYSE:BAC) shares edged lower after mixed headlines. The stock recently hit a fresh one-year high on robust earnings and investor optimism, while community and leadership initiatives provided additional support. Offsetting these positives, Oppenheimer’s slight cut to its price target signals tempered upside.

• Positive Sentiment: Stock hit a new 52-week high, driven by solid quarterly results and renewed investor confidence. Bank of America (NYSE:BAC) Hits New 52-Week High – Here's Why
• Positive Sentiment: Committed $12 million in zero-interest loans to support Western North Carolina homeowners and small businesses after Hurricane Helene, enhancing community relations. BofA Commits $12 Million for Western North Carolina Residents and Small Businesses Impacted by Hurricane Helene
• Positive Sentiment: Redeemed all $2.35 billion of floating-rate senior notes and named Dean Athanasia and Jim DeMare as co-presidents, strengthening leadership and simplifying the balance sheet. Bank of America Corporation (BAC) Redeems All $2.35 B of Its Floating Rate Senior Notes; Appoints Dean Athanasia and Jim DeMare as Co-Presidents
• Positive Sentiment: Appointed Geoff Iles and Lukas Poensgen as co-heads of EMEA dealmaking, reinforcing global M&A capabilities. Bank of America names Iles, Poensgen to lead EMEA dealmaking
• Neutral Sentiment: Nvidia’s $100 billion OpenAI partnership earned praise from Bank of America analysts, highlighting the strength of BofA Securities’ research coverage. Nvidia’s $100B OpenAI Bet Draws Praise from Top Bank of America and Rosenblatt Analysts
• Negative Sentiment: Oppenheimer trimmed its price target on BAC from $57 to $56 while retaining an “outperform” rating, signaling more modest upside ahead. Oppenheimer Adjusts Price Target on Bank of America to $56 From $57, Maintains Outperform Rating