<div id="readability-page-1"><p><span>Bank of America (NYSE:BAC)</span> had its price objective raised by research analysts at UBS Group  from $46.00 to $50.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a &#34;buy&#34; rating on the financial services provider's stock. UBS Group's target price indicates a potential upside of 33.08% from the stock's previous close.</p><div><p><span></span><span>Get <strong>Bank of America</strong> alerts:</span></p></div><ul><li>First Solar Stock: What's Fueling the Early April Rally?</li></ul><p>A number of other equities analysts have also commented on BAC. Evercore ISI reduced their price objective on Bank of America from $51.00 to $48.00 and set an &#34;outperform&#34; rating on the stock in a research note on Tuesday, April 1st. Cfra Research raised their price target on Bank of America to $47.00 and gave the stock a &#34;buy&#34; rating in a research report on Wednesday. Barclays lowered their target price on Bank of America from $58.00 to $54.00 and set an &#34;overweight&#34; rating for the company in a report on Wednesday. Piper Sandler decreased their price target on shares of Bank of America from $50.00 to $49.00 and set a &#34;neutral&#34; rating for the company in a research note on Friday, January 17th. Finally, Morgan Stanley increased their price target on Bank of America from $54.00 to $56.00 and gave the company an &#34;equal weight&#34; rating in a research report on Friday, January 17th. One research analyst  has rated the stock with a sell rating, six have given a hold rating, sixteen have assigned  a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $47.25.</p><p><b>View Our Latest Analysis on BAC</b></p><h2>Bank of America Stock Performance</h2><ul><li>Intel’s Big Bet on 18A: Will Lip-Bu Tan’s Vision Pay Off?</li></ul><p>Shares of Bank of America stock traded down $0.42 on Wednesday, reaching $37.57. The stock had a trading volume of 13,445,851 shares, compared to its average volume of 39,294,915. The stock has a market cap of $285.64 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 1.21 and a beta of 1.24. Bank of America has a fifty-two week low of $33.07 and a fifty-two week high of $48.08. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.78 and a current ratio of 0.78. The business's 50-day moving average price is $41.85 and its two-hundred day moving average price is $43.66. </p><p>Bank of America (NYSE:BAC - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.10. The business had revenue of $27.37 billion for the quarter, compared to analysts' expectations of $26.83 billion. Bank of America had a return on equity of 10.29% and a net margin of 14.10%.  On average, sell-side analysts forecast that  Bank of America will post 3.7 EPS for the current year. </p><h2>Hedge Funds Weigh In On Bank of America</h2><ul><li>From Trading to Checking Accounts: Robinhood's Big Bet on Banking</li></ul><p>A number of large investors have recently modified their holdings of BAC. Compagnie Lombard Odier SCmA bought a new position in shares of  Bank of America in the 1st quarter worth $66,759,000.  Ferguson Wellman Capital Management Inc. boosted its stake in  Bank of America by 43.4% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 20,581 shares of the financial services provider's stock worth $859,000 after buying an additional 6,226 shares in the last quarter.  FMB Wealth Management purchased a new position in shares of  Bank of America during the first quarter worth approximately $363,000.  Simon Quick Advisors LLC boosted its stake in shares of  Bank of America by 11.8% in the 1st quarter. Simon Quick Advisors LLC now owns 445,157 shares of the financial services provider's stock valued at $18,576,000 after purchasing an additional 47,036 shares in the last quarter.  Finally, Baker Ellis Asset Management LLC lifted its stake in  Bank of America by 11.9% in the first quarter. Baker Ellis Asset Management LLC now owns 16,235 shares of the financial services provider's stock worth $677,000 after purchasing an additional 1,730 shares during the last quarter. 70.71% of the stock is currently owned by institutional investors. </p><h2>About Bank of America</h2> (Get Free Report)<p>Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth &amp; Investment Management (GWIM), Global Banking, and Global Markets.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Bank of America</li><li>How to Know if a Stock Pays Dividends and When They Are Paid Out</li><li>Viking Therapeutics Stock Pops But Struggles to Hold Gains</li><li>How to Start Investing in Real Estate</li><li>Qualcomm Stock Just Earned a Fresh Buy Rating—Get Excited</li><li>The Significance of Brokerage Rankings in Stock Selection</li><li>Meta Stock Holds Upside Potential as Analysts Cut Price Targets</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJBQw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Bank of America Right Now?</h2><p>Before you consider Bank of America, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of America wasn't on the list.</p><p>While Bank of America currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>UBS Group has raised its price target for Bank of America (NYSE:BAC) from $46.00 to $50.00, maintaining a "buy" rating. This new target suggests a potential upside of 33.08% from the stock's previous close. Other analysts have varied opinions, with some lowering their targets while others have increased them. Currently, Bank of America has an average rating of "Moderate Buy" with a consensus price target of $47.25. The stock traded at $37.57, with a market cap of $285.64 billion and a P/E ratio of 11.64.</p>

- UBS Group raised Bank of America's price target from $46.00 to $50.00, indicating a potential upside of 33.08%.  
- The stock currently has a "Moderate Buy" rating, with various analysts providing differing price targets, ranging from $47.00 to $56.00.  
- Bank of America reported earnings of $0.90 per share for the last quarter, exceeding expectations, with a revenue of $27.37 billion.  

Bank of America (NYSE:BAC) Given New $50.00 Price Target at UBS Group