<div id="readability-page-1">Bank of America Corporation (NYSE:BAC) shares were up 1.7% during trading on Friday after Oppenheimer raised their price target on the stock from $55.00 to $63.00. Oppenheimer currently has an outperform rating on the stock. Bank of America traded as high as $55.31 and last traded at $55.19. Approximately 71,939,356 shares changed hands during mid-day trading, an increase of 78% from the average daily volume of 40,345,098 shares. The stock had previously closed at $54.26.<div>Get Bank of America alerts:</div><ul><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul>A number of other brokerages have also commented on BAC. Dbs Bank upgraded Bank of America to a &#34;moderate buy&#34; rating in a research report on Wednesday, October 22nd. Robert W. Baird raised their target price on shares of Bank of America from $52.00 to $56.00 and gave the company a &#34;neutral&#34; rating in a research note on Thursday, October 30th. Citigroup boosted their price target on shares of Bank of America from $58.00 to $62.00 and gave the stock a &#34;buy&#34; rating in a research note on Thursday, October 16th. Royal Bank Of Canada increased their price objective on shares of Bank of America from $56.00 to $59.00 and gave the company an &#34;outperform&#34; rating in a report on Friday, December 12th. Finally, Erste Group Bank upgraded shares of Bank of America from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research report on Friday, October 3rd. Twenty-three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of &#34;Moderate Buy&#34; and a consensus price target of $58.59.Read Our Latest Analysis on BAC<h2>Key Stores Impacting Bank of America</h2><ul><li>AI Runs on Power—And Constellation Energy Controls the Switch</li></ul>Here are the key news stories impacting Bank of America this week:<ul> <li>Positive Sentiment: Analysts expect double‑digit profit growth for BAC in fiscal Q4 2025, setting a favorable earnings setup that could keep sentiment positive into the report. What to Expect From Bank of America's Q4 2025 Earnings Report</li> <li>Positive Sentiment: Investment‑banking (IB) fee income is rising — driven by stronger deal activity, more IPOs and easier rates — which analysts expect to support fee revenue growth into 2025–26 and boost non‑interest income. How Will Surging IB Business Support Bank of America's Fee Income?</li> <li>Positive Sentiment: Oppenheimer raised its price target to $63 and kept an outperform view, signaling upside from current levels and lending credibility to the rally. Oppenheimer adjusts price target on Bank of America to $63</li> <li>Positive Sentiment: Truist reiterated a Buy and nudged its target higher (and other brokers like Keefe Bruyette &amp; Woods continue to rate BAC favorably), providing additional analyst support behind the stock. Truist raises price target on BAC Truist maintains buy recommendation KBW maintains outperform</li> <li>Neutral Sentiment: Zacks highlights increased investor attention in BAC — useful for monitoring flows and sentiment but not a direct earnings or fundamental catalyst. Bank of America is Attracting Investor Attention</li> <li>Neutral Sentiment: Bank of America Securities remains active with analyst coverage and reiterations across multiple names (a sign of institutional research flow but only indirectly relevant to BAC’s stock). Representative piece: BofA Securities research examples</li> <li>Negative Sentiment: Bank of America’s own Bull &amp; Bear Indicator flagged a contrarian “sell” signal (many managers are extremely bullish), a historical warning that broad market positioning can precede pullbacks — a macro risk that could dent BAC if markets roll over. The bulls are too bullish: Bank of America warns A sell signal has been triggered at Bank of America</li> </ul><h2>Institutional Trading of Bank of America</h2>A number of institutional investors have recently modified their holdings of BAC. AIA Group Ltd grew its holdings in shares of Bank of America by 61.2% during the third quarter. AIA Group Ltd now owns 394,359 shares of the financial services provider's stock worth $20,345,000 after buying an additional 149,652 shares in the last quarter. Keel Point LLC boosted its position in Bank of America by 2.4% during the 3rd quarter. Keel Point LLC now owns 44,738 shares of the financial services provider's stock worth $2,308,000 after acquiring an additional 1,052 shares during the last quarter. Garde Capital Inc. grew its stake in shares of Bank of America by 9.7% during the 3rd quarter. Garde Capital Inc. now owns 13,536 shares of the financial services provider's stock worth $698,000 after acquiring an additional 1,198 shares in the last quarter. Farmers National Bank grew its stake in shares of Bank of America by 13.4% during the 3rd quarter. Farmers National Bank now owns 5,053 shares of the financial services provider's stock worth $261,000 after acquiring an additional 596 shares in the last quarter. Finally, MRP Capital Investments LLC acquired a new stake in shares of Bank of America in the third quarter valued at approximately $556,000. 70.71% of the stock is currently owned by institutional investors. <h2>Bank of America Stock Performance</h2><ul><li>Financial Sector Breaks Out as Capital Rotates and Leadership Shifts</li></ul>The stock's 50-day moving average price is $52.76 and its 200 day moving average price is $49.75. The firm has a market cap of $403.02 billion, a P/E ratio of 15.04 and a beta of 1.30. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.79 and a quick ratio of 0.79. Bank of America (NYSE:BAC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.13. The business had revenue of $5.35 billion for the quarter, compared to analyst estimates of $27.05 billion. Bank of America had a net margin of 15.70% and a return on equity of 10.76%. Bank of America's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS. As a group, equities analysts predict that Bank of America Corporation will post 3.7 EPS for the current year. <h2>Bank of America Dividend Announcement</h2>The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 5th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.12 annualized dividend and a yield of 2.0%. Bank of America's payout ratio is 30.52%. <h2>Bank of America Company Profile</h2> (Get Free Report)Bank of America Corporation is a multinational financial services company headquartered in Charlotte, North Carolina. It provides a broad array of banking, investment, asset management and related financial and risk management products and services to individual consumers, small- and middle-market businesses, large corporations, governments and institutional investors. The firm operates through consumer banking, global wealth and investment management, global banking and markets businesses, offering capabilities across lending, deposits, payments, advisory and capital markets. Its consumer-facing offerings include checking and savings accounts, mortgages, home equity lending, auto loans, credit cards and small business banking, supported by a nationwide branch network and digital channels.<h2>Further Reading</h2><ul><li>Five stocks we like better than Bank of America</li><li>How to Calculate Retirement Income: MarketBeat’s Calculator</li><li>Nike Beats on Earnings But Struggles in China and Faces Tariffs</li><li>3 REITs to Buy and Hold for the Long Term</li><li>Is the AI Boom a Bubble? These 2 Dividend Stocks Say No</li><li>Canadian Penny Stocks: Can They Make You Rich? </li><li>4 High-Potential ETFs for 2026: Small Caps, Space Stocks, and More</li></ul>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.<h2>Should You Invest $1,000 in Bank of America Right Now?</h2>Before you consider Bank of America, you'll want to hear this.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.While Bank of America currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here </div>

Bank of America shares rose 1.7% after Oppenheimer raised its price target from $55 to $63, maintaining an outperform rating. Other analysts also upgraded BAC, contributing to positive sentiment. The stock traded at $55.19, with a 78% increase in trading volume. Analysts expect double-digit profit growth for BAC in Q4 2025, supporting fee revenue growth. However, a contrarian sell signal from BAC's Bull & Bear Indicator suggests potential macro risks.

- Bank of America (NYSE: BAC) shares rose 1.7% after Oppenheimer increased its price target from $55.00 to $63.00, maintaining an outperform rating.  
- Multiple brokerages have expressed positive sentiment, with forecasts of profit growth and rising investment banking fees expected to boost revenue.  
- The firm reported a quarterly EPS of $1.06, surpassing estimates, and its recent dividend announcement reflects a 2.0% yield, indicating strong financial performance.

Bank of America (NYSE:BAC) Shares Up 1.7% After Analyst Upgrade