<div id="readability-page-1"><p>Bank of America Co. (NYSE:BAC) shares were up 0.7% during mid-day trading on Thursday after UBS Group raised their price target on the stock from $46.00 to $50.00. UBS Group currently has a buy rating on the stock. Bank of America traded as high as $37.72 and last traded at $37.58. Approximately 12,348,556 shares were traded  during trading, a decline of 68% from the average daily volume of 39,122,210 shares. The stock had previously closed at $37.33.</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>Several other equities research analysts have also issued reports on BAC. Truist Financial dropped their target price on shares of Bank of America from $50.00 to $47.00 and set a &#34;buy&#34; rating for the company in a research report on Wednesday. Piper Sandler cut their target price 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 report on Friday, January 17th. HSBC upgraded Bank of America from a &#34;hold&#34; rating to a &#34;buy&#34; rating and set a $50.00 price target on the stock in a research report on Tuesday, January 7th. Barclays cut their price objective 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. Finally, Morgan Stanley raised their price objective on Bank of America from $54.00 to $56.00 and gave the company an &#34;equal weight&#34; rating in a report on Friday, January 17th. One research analyst  has rated the stock with a sell rating, six have given a hold rating, seventeen have assigned  a buy rating and three have assigned  a strong buy rating to the company's stock. According to data from MarketBeat.com, Bank of America  has an average rating of &#34;Moderate Buy&#34; and an average price target of $47.20.</p><p><b>View Our Latest Stock Analysis on BAC</b></p><h2>Institutional Investors Weigh In On Bank of America</h2><ul><li>Intel’s Big Bet on 18A: Will Lip-Bu Tan’s Vision Pay Off?</li></ul><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in BAC. Graney &amp; King LLC bought a new stake in shares of  Bank of America during the 4th quarter valued at $25,000.  Collier Financial bought a new stake in  Bank of America during the fourth quarter worth about $25,000.  Fairway Wealth LLC purchased a new stake in  Bank of America in the fourth quarter worth about $29,000.  Vega Investment Solutions bought a new position in shares of  Bank of America during the fourth quarter valued at approximately $30,000.  Finally, Marshall &amp; Sterling Wealth Advisors Inc. purchased a new position in shares of  Bank of America during the fourth quarter valued at approximately $31,000. 70.71% of the stock is owned by hedge funds and other institutional investors. </p><h2>Bank of America Stock Performance</h2><p>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 stock has a market capitalization of $285.66 billion, a P/E ratio of 11.67, a PEG ratio of 1.21 and a beta of 1.24. The business has a 50-day moving average price of $41.65 and a 200 day moving average price of $43.62. </p><ul><li>From Trading to Checking Accounts: Robinhood's Big Bet on Banking</li></ul><p>Bank of America (NYSE:BAC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.10. Bank of America had a return on equity of 10.29% and a net margin of 14.10%. The firm had revenue of $27.37 billion during the quarter, compared to the consensus estimate of $26.83 billion.  As a group, sell-side analysts forecast that  Bank of America Co. will post 3.7 EPS for the current fiscal year. </p><h2>Bank of America Dividend Announcement</h2><p>The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend  was Friday, March 7th. Bank of America's payout ratio is 32.30%. </p><h2>Bank of America Company Profile</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>Investing in Travel Stocks Benefits</li><li>Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally</li><li>What is diluted earnings per share (Diluted EPS)?</li><li>Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.S. Dollar</li><li>What is the Nikkei 225 index?    </li><li>Broadcom’s Apple Relationship: AI Opportunity Meets Tariff Risk</li></ul><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>Bank of America (NYSE:BAC) shares rose 0.7% after UBS Group upgraded its price target from $46 to $50, maintaining a buy rating. The stock traded at $37.58 with a volume decline of 68% from its average. Analysts have mixed ratings, with one sell, six hold, and 17 buy ratings. The company reported $0.90 EPS, exceeding estimates, and declared a quarterly dividend of $0.26 per share. Bank of America has a market cap of $285.66 billion and a P/E ratio of 11.67.</p>

- Bank of America Co. (NYSE:BAC) shares rose 0.7% after UBS Group increased its price target from $46.00 to $50.00, maintaining a buy rating.  
- The stock traded at $37.58 with a significant decline in trading volume, while various analysts adjusted their price targets and ratings, reflecting mixed sentiments.  
- The company reported earnings of $0.90 per share, exceeding estimates, and declared a quarterly dividend of $0.26, indicating a payout ratio of 32.30%.

Bank of America (NYSE:BAC) Stock Price Up 0.7% Following Analyst Upgrade