Erste Group Bank Predicts Bank of America FY2026 Earnings

Bank of America Corporation (NYSE:BAC) – Equities research analysts at Erste Group Bank lowered their FY2026 EPS estimates for shares of Bank of America in a report released on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the financial services provider will post earnings per share of $4.35 for the year, down from their prior forecast of $4.55. The consensus estimate for Bank of America’s current full-year earnings is $4.54 per share. Erste Group Bank also issued estimates for Bank of America’s FY2027 earnings at $5.15 EPS.

Several other equities analysts have also issued reports on BAC. Evercore set a $62.00 price target on shares of Bank of America in a report on Thursday, October 1st. Argus set a $70.00 price objective on Bank of America in a research note on Wednesday, July 15th. JPMorgan Chase & Co. reduced their target price on Bank of America from $68.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, October 2nd. Royal Bank Of Canada decreased their target price on Bank of America from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Finally, Phillip Securities upgraded Bank of America to a “strong-buy” rating in a report on Friday, October 16th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.82.

Bank of America Stock Up 0.5%

Shares of NYSE:BAC opened at $51.03 on Friday. The company has a 50 day moving average price of $57.97 and a two-hundred day moving average price of $56.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $356.85 billion, a PE ratio of 12.12, a PEG ratio of 0.88 and a beta of 1.21. Bank of America has a 52 week low of $46.12 and a 52 week high of $65.22.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Wednesday, October 14th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.02). The firm had revenue of $29.96 billion for the quarter, compared to analyst estimates of $30.58 billion. Bank of America had a net margin of 16.80% and a return on equity of 12.15%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.06 EPS.

Bank of America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 24th. Investors of record on Friday, December 4th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, December 4th. Bank of America’s payout ratio is currently 30.40%.

Hedge Funds Weigh In On Bank of America

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Total Clarity Wealth Management Inc. lifted its holdings in shares of Bank of America by 3.6% in the second quarter. Total Clarity Wealth Management Inc. now owns 4,889 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 168 shares in the last quarter. Orca Wealth Management LLC boosted its position in shares of Bank of America by 0.5% during the second quarter. Orca Wealth Management LLC now owns 35,087 shares of the financial services provider’s stock worth $1,999,000 after buying an additional 179 shares during the period. Financial Consulate Inc. boosted its position in shares of Bank of America by 4.0% during the second quarter. Financial Consulate Inc. now owns 4,741 shares of the financial services provider’s stock worth $270,000 after buying an additional 181 shares during the period. Bedel Financial Consulting Inc. grew its holdings in shares of Bank of America by 1.1% during the second quarter. Bedel Financial Consulting Inc. now owns 16,456 shares of the financial services provider’s stock worth $938,000 after buying an additional 184 shares in the last quarter. Finally, GatePass Capital LLC grew its holdings in shares of Bank of America by 3.6% during the first quarter. GatePass Capital LLC now owns 5,451 shares of the financial services provider’s stock worth $266,000 after buying an additional 190 shares in the last quarter. 70.71% of the stock is owned by institutional investors and hedge funds.

Key Bank of America News

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

• Positive Sentiment: Brokerages maintain an average BAC price target of $62.82, suggesting meaningful potential upside from current levels if the bank’s earnings and regulatory issues stabilize. Bank of America Corporation Stock Has Average Price Target of $62.82 According to Brokerages
• Positive Sentiment: Bank of America declared a quarterly dividend of $0.32 per share, payable December 24 to shareholders of record December 4. The $1.28 annualized payout represents a yield of approximately 2.5% and reinforces the bank’s shareholder-return appeal. Bank of America Declares Fourth Quarter 2026 Stock Dividends
• Neutral Sentiment: The board appointed Jim Fitterling and Bill Thomas as directors, expanding the board from 12 to 14 members. The appointments could add industrial and operating expertise, but their immediate financial impact is unclear. Bank of America Names Jim Fitterling and Bill Thomas to Board of Directors
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action against Bank of America and certain executives. The case covers investors who purchased shares from August 1, 2025, through October 13, 2026, with a December 15, 2026 lead-plaintiff deadline. The allegations remain unproven, but the volume of notices adds reputational, legal-cost and potential-liability concerns. Bank of America Securities Fraud Class Action Deadline
• Negative Sentiment: Coverage also links the lawsuit to a reported $1.2 billion Treasury penalty involving anti-money-laundering violations. Combined with the recent $1.08 EPS result, which missed consensus by $0.02, and revenue that fell short of estimates, the regulatory and earnings disappointments are the strongest apparent reasons for pressure on BAC. Bank of America Investor Alert Regarding AML Penalty

About Bank of America

Bank of America Corporation (NYSE: BAC) is a diversified financial services company headquartered in Charlotte, North Carolina. It provides banking, lending, investment, payments and financial management services to consumers, businesses, institutional investors and governments.

The company’s consumer banking operations offer checking and savings accounts, credit cards, mortgages, home equity lending, auto loans and other consumer financial products. Through Merrill, Bank of America provides wealth management, investment advisory, brokerage and retirement services.