Bank of America (NYSE:BAC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of Bank of America (NYSE:BAC) from a hold rating to a sell rating in a research report released on Monday morning.

Other analysts have also recently issued research reports about the stock. Evercore ISI lifted their price target on shares of Bank of America from $55.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Wolfe Research lifted their target price on shares of Bank of America from $57.00 to $58.00 and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Wells Fargo & Company increased their price target on shares of Bank of America from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Phillip Securities raised their price objective on shares of Bank of America from $50.00 to $56.00 in a report on Tuesday, October 21st. Finally, Robert W. Baird upped their target price on Bank of America from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Twenty-three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of America has a consensus rating of “Moderate Buy” and an average price target of $59.82.

Bank of America Stock Down 2.8%

Shares of NYSE:BAC opened at $55.64 on Monday. The stock’s 50-day moving average is $54.03 and its 200 day moving average is $50.88. The company has a market cap of $406.28 billion, a PE ratio of 15.16 and a beta of 1.29. 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 has a 1 year low of $33.06 and a 1 year high of $57.55.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.13. Bank of America had a return on equity of 10.76% and a net margin of 15.70%.The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $27.05 billion. During the same quarter last year, the business posted $0.81 EPS. The business’s revenue was up 10.8% on a year-over-year basis. Sell-side analysts anticipate that Bank of America will post 3.7 EPS for the current year.

Bank of America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 5th were paid a $0.28 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. Bank of America’s dividend payout ratio is presently 30.52%.

Institutional Investors Weigh In On Bank of America

Several hedge funds have recently added to or reduced their stakes in BAC. Nova Wealth Management Inc. boosted its stake in Bank of America by 75.2% in the 2nd quarter. Nova Wealth Management Inc. now owns 529 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 227 shares in the last quarter. Quaker Wealth Management LLC lifted its stake in shares of Bank of America by 246.5% in the second quarter. Quaker Wealth Management LLC now owns 523 shares of the financial services provider’s stock worth $25,000 after buying an additional 880 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Bank of America during the third quarter valued at approximately $27,000. RMG Wealth Management LLC bought a new stake in shares of Bank of America during the second quarter valued at approximately $28,000. Finally, Steph & Co. raised its holdings in Bank of America by 224.3% in the 3rd quarter. Steph & Co. now owns 548 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 379 shares during the last quarter. 70.71% of the stock is owned by institutional investors.

Bank of America News Summary

Here are the key news stories impacting Bank of America this week:

• Positive Sentiment: Several sell-side firms raised price targets and repeated bullish ratings this week (TD Cowen raised its target to $66 with a Buy, Goldman Sachs to $64, JPMorgan to $61, Wells Fargo to $65). Those upgrades have supported demand and helped BAC hit recent highs earlier in the session. Benzinga Goldman Sachs PT Raise MarketScreener
• Positive Sentiment: Coverage and market commentary showed BAC trading up and reaching a 12‑month high following analyst activity, reflecting momentum among institutional buyers. AmericanBankingNews
• Neutral Sentiment: Bank of America confirmed its Q4 2025 results and investor call are scheduled for Jan. 14 — a near-term catalyst where results, guidance and reserve commentary could move the stock. PR Newswire
• Neutral Sentiment: BofA research remains active around AI and semiconductors (naming top chip picks like Nvidia and Broadcom), which highlights the firm’s thematic research strength but is more relevant to industry calls and fee opportunities than immediate BAC earnings. TipRanks – Top Chip Stocks TipRanks – Nvidia Note
• Neutral Sentiment: Analyst commentary and previews (Zacks and others) suggest expectations for modest earnings growth; these previews set the bar for Jan. 14 but don’t imply a definitive beat or miss. Zacks
• Negative Sentiment: Regulatory risk: Reuters reports India’s markets regulator found Bank of America shared material non‑public information ahead of a $180M block trade and misled authorities. That finding raises potential fines, compliance costs and reputational damage — a clear near‑term negative that likely pressured the stock today. Reuters

About Bank of America

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.