Bank of America Stock Sees Mixed Analyst Price Target Revisions

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โดย Simply Wall St·Read original

Summary · why it matters

Bank of America stock has drawn a fresh split in analyst price targets, with cuts ranging from US$3 to US$10 and increases from US$1 to US$6, while a central fair value estimate holds steady at about US$63.16. Piper Sandler, Truist, Oppenheimer, Keefe Bruyette, and Goldman Sachs all issued higher price targets, HSBC upgraded the stock, and Jefferies initiated coverage with a bullish view, citing capital strength, business mix, and fee income. Conversely, Goldman Sachs, Morgan Stanley, UBS, JPMorgan, and Truist also issued lower targets at various points, and Goldman Sachs removed Bank of America from its US Conviction List. The bank reported first-quarter 2026 earnings per share of US$1.11, up 25% year over year, on revenue of US$30.3 billion, a 7% increase that beat Wall Street estimates, with equities trading revenue rising 30% to its strongest level in 15 years. Management raised full-year net interest income guidance to a range of 6% to 8% and returned over US$9 billion to shareholders through dividends and buybacks, including repurchasing 139,340,757 shares for US$7.2 billion under a broader US$10.85 billion buyback program.

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