FY2026 EPS Estimates for Bank of America Reduced by Analyst

Bank of America Corporation (NYSE:BAC) – Erste Group Bank decreased their FY2026 EPS estimates for shares of Bank of America in a research note issued to investors on Friday, September 18th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will earn $4.64 per share for the year, down from their previous estimate of $4.65. The consensus estimate for Bank of America’s current full-year earnings is $4.67 per share.

Bank of America (NYSE:BAC) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.08. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The company had revenue of $31.56 billion during the quarter, compared to the consensus estimate of $30.78 billion. During the same quarter in the prior year, the firm earned $0.89 EPS. The company’s revenue was up 19.6% compared to the same quarter last year.

A number of other analysts have also recently issued reports on BAC. Barclays lifted their price objective on Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Argus set a $70.00 price target on Bank of America in a research note on Wednesday, July 15th. Citigroup lifted their price target on Bank of America from $62.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of America in a research note on Tuesday, July 21st. Finally, Robert W. Baird increased their price objective on Bank of America from $58.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.08.

Bank of America Trading Up 0.7%

NYSE BAC opened at $58.11 on Monday. 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 1-year low of $46.12 and a 1-year high of $65.22. The firm’s fifty day simple moving average is $61.98 and its 200-day simple moving average is $55.91. The company has a market capitalization of $406.35 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.92 and a beta of 1.15.

Bank of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.2%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, September 4th. Bank of America’s dividend payout ratio is 29.36%.

Hedge Funds Weigh In On Bank of America

A number of institutional investors have recently modified their holdings of BAC. Silicon Valley Capital Partners lifted its stake in shares of Bank of America by 12.9% in the second quarter. Silicon Valley Capital Partners now owns 239,576 shares of the financial services provider’s stock worth $14,638,000 after buying an additional 27,283 shares during the last quarter. Premier Financial Group bought a new position in Bank of America in the 2nd quarter worth $682,000. Security National Bank of SO Dak bought a new position in Bank of America in the 2nd quarter worth $191,000. Security National Bank of Sioux City Iowa IA acquired a new position in Bank of America during the 2nd quarter worth $118,000. Finally, Cherry Tree Wealth Management LLC boosted its holdings in Bank of America by 167.6% during the second quarter. Cherry Tree Wealth Management LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 300 shares during the period. Institutional investors own 70.71% of the company’s stock.

More Bank of America News

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

• Positive Sentiment: Bank of America is increasing its investments in artificial intelligence after previously expressing skepticism about the sector. The initiative could improve employee productivity, reduce servicing costs and create new infrastructure-related revenue opportunities. Bank of America Bankrolls AI Ventures After Initial Skepticism Will AI Become BAC’s Next Major Efficiency & Growth Lever?
• Positive Sentiment: BofA raised its 2026 S&P 500 target to 7,400 and its 12-month target to 7,800. A stronger equity market could support Bank of America’s investment-banking, wealth-management and trading businesses, although the forecast is not a direct change to BAC’s earnings outlook. Bank of America hikes S&P 500 target after AI trade cracks
• Neutral Sentiment: Investors in BofA’s September credit survey generally expect limited near-term AI regulation and only a modest effect on AI capital spending. This supports continued AI investment but also highlights uncertainty around the sector’s longer-term economics. Investors Expect AI Growth to Continue, BofA Survey Shows
• Neutral Sentiment: A hawkish rate outlook may help large banks through higher interest income, but a steeper hiking cycle could also pressure loan demand, credit quality and economic growth. Analysts remain broadly constructive on major banks. Bank Stocks Face Test as Hawkish Rate Hike Signals Steeper Hiking Cycle
• Negative Sentiment: Bank of America’s recent conference guidance indicated that third-quarter investment-banking fees could fall more than 10% year over year. The warning contributed to a sharp prior-week selloff and remains an overhang on near-term earnings expectations. Bank of America Stock Fell After Its CEO Spoke at an Industry Conference
• Negative Sentiment: An analyst reduced the fiscal 2026 EPS estimate for Bank of America, reinforcing concerns that weaker investment-banking activity could weigh on profitability. FY2026 EPS Estimate for Bank of America Reduced by Analyst

Bank of America Company Profile

Bank of America Corporation (NYSE:BAC) is a diversified financial services company serving individual consumers, businesses, institutional investors and governments. Its operations include consumer banking, credit and debit cards, mortgages, small-business banking, commercial banking, investment banking, securities trading and investment management.

The company provides consumer and wealth-management services through Bank of America and Merrill, including deposit accounts, lending, brokerage, retirement planning, financial advice and private banking.