--- title: "Weekly Recap | Bank of America +0.02%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/298799437.md" description: "Bank of America (BAC) closed the week at $62.69, up 0.02% over the four sessions. The S&P 500 fell 0.8%, so the stock outperformed the benchmark by roughly 0.82 percentage points. Trading was choppy rather than directional. Tuesday opened lower and settled at $62.39; Wednesday dipped to $61.425 intraday before recovering to $62.67; Thursday eased to $62.56; Friday gapped up, touched $63.83, then slipped back to $62.69. The week’s range was $61.425 to $63.83, an amplitude of 3.85%." datetime: "2026-09-12T07:46:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298799437.md) - [en](https://longbridge.com/en/news/298799437.md) - [zh-HK](https://longbridge.com/zh-HK/news/298799437.md) generator: "portal-rs" --- # Weekly Recap | Bank of America +0.02%, most brokers rate it buy ## The Week Bank of America (BAC) closed the week at $62.69, up 0.02% over the four sessions. The S&P 500 fell 0.8%, so the stock outperformed the benchmark by roughly 0.82 percentage points. Trading was choppy rather than directional. Tuesday opened lower and settled at $62.39; Wednesday dipped to $61.425 intraday before recovering to $62.67; Thursday eased to $62.56; Friday gapped up, touched $63.83, then slipped back to $62.69. The week’s range was $61.425 to $63.83, an amplitude of 3.85%. On the 60-day view, the close sits in the upper part of a $56.03 to $65.225 band, with the 20-day moving average at $62.619 just below spot. ## Key Events The week brought few direct operational updates from BAC. The most visible corporate activity came from its securities unit, which filed a string of 424B2 documents; 20 were material filings inside the week, with 12 clustered late Friday night into early Saturday, mostly structured-product supplements tied to financing rather than new business lines. The bank also adjusted several equity stakes. On 11 September it disclosed cutting its Gerdau position below 5%, to 4.12%, and lifting its Delivery Hero voting-rights stake from 4.38% to 5.13%. A day later it trimmed Abivax to 4.96%. These crosses above and below the 5% threshold are typically mechanical, driven by net share sales or index moves. On the macro side, BofA pointed to record diesel prices as a real-economy pressure point and flagged potential volatility ahead, naming low-beta ETFs as a defensive option. Bloomberg also reported that Goldman Sachs and BofA are competing to manage millions of dollars from Anthropic employees’ IPO. ## Analyst Ratings Among 24 institutions covering BAC, 15 rate it buy, 5 rate it outperform, and 4 rate it hold; none rate it underperform or sell. Combined buy and outperform counts total 20, about 83% of coverage. The consensus rating is buy, with a consensus target of $69, roughly 10.07% above the $62.69 close. The target range is wide: $62 at the low end sits almost exactly at spot, while the high of $79 implies about 26% upside, so dispersion around the upside case is meaningful. Within the diversified banks industry, BAC’s rating ranks third. Rating updates are current readings rather than week-on-week changes. ## The Week Ahead Next week starts with a run of macro prints. On 15 September the New York Fed manufacturing index lands, with a prior of 20.6 and a forecast of 14.75. On 16 September retail data dominates: headline retail sales carry a prior of -0.6 and a forecast of 0.9, retail sales excluding autos a prior of -0.3 and forecast of 0.6, and the control group a prior of -0.4 and forecast of 0.4. Import prices, the NAHB housing index and EIA crude inventories also hit the same day. For banks, retail sales and import prices will feed the rate-expectations conversation. The next company-specific event is BAC’s fiscal third-quarter report on 14 October before market open, where consensus estimates sit at $312 billion in revenue and EPS of $1.1862. ## In Short BAC barely moved this week while the broader market fell, and the rating skew remains clearly positive: 20 of 24 institutions rate the stock buy or outperform, with a consensus target about 10% above spot. Yet the gap between the highest and lowest targets, roughly 26%, shows the upside case is not settled. Valuation is ordinary for a large bank, at 13.65x earnings and 1.59x book. The latest session’s fund flow shows large, medium and small-lot money all net sellers, suggesting limited near-term absorption. The picture is a stock holding above $62, with a positive rating backdrop but cautious flow; the next catalysts are mid-September retail data and the October earnings print. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) ## Related News & Research - [Bank of America Stock Slides Monday: What's Driving the Action?](https://longbridge.com/en/news/298956837.md) - [Bank of America Corporation $BAC Stock Holdings Boosted by Sequoia Financial Advisors LLC](https://longbridge.com/en/news/298575511.md) - [Bank of America Corp Stock (BAC) Moved Down by 3.40% on Sep 16: Drivers Behind the Movement](https://longbridge.com/en/news/299225587.md) - [Short Interest in Saga Communications, Inc. (NASDAQ:SGA) Decreases By 67.8%](https://longbridge.com/en/news/298810393.md) - [Short Interest in Nerdy Inc. (NYSE:NRDY) Decreases By 92.9%](https://longbridge.com/en/news/298672135.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**