Track market-moving stories before they get noisy

Key Takeaways Robust earnings generation is supporting BAC in returning capital while continuing to invest in growth.A CET1 ratio comfortably above regulatory requirements provides flexibility for dividends and buybacks.Ample remaining authorization and a higher dividend reinforce commitment to shareholder returns. Bank of America’s (BAC - Free Report) capital return story is supported by a combination of improving earnings power, a healthy capital cushion and disciplined balance-sheet management. After generating $30.5 billion in net income in 2025, the banking giant carried solid momentum into 2026. In the second quarter alone, net income reached $9.1 billion, while revenues rose 15% year over year to $31.6 billion. Net interest income (NII) rose 9%, while growth in trading, asset-management and investment banking (IB) fees further strengthened the company’s earnings base.

BAC’s capital position provides another important pillar for its shareholder-return strategy. At the end of June 2026, the company had $202 billion in CET1 capital, with its CET1 ratio holding at 11.2%. This remained comfortably above the 10% regulatory minimum. Further, the Federal Reserve’s 2026 stress-test results left BAC’s stress capital buffer at 2.5% through September 2027. This sizeable capital cushion gives management considerable flexibility to return excess capital while maintaining adequate buffers against potential economic and market volatility.

Share repurchases remain a central component of BAC’s capital deployment strategy. The company’s board authorized a $40-billion share repurchase program, effective Aug. 1, 2025. As of June 30, 2026, roughly $17 billion remained available under the program. This substantial capacity provides Bank of America with room to continue reducing its share count, which could support earnings over time.

Dividends complement these sizeable buybacks. Following the 2026 stress test, Bank of America raised its quarterly common stock dividend 14.3% to 32 cents per share, marking its sixth consecutive annual dividend hike. The increase underscores management’s confidence in the company’s earnings durability and capital-generation ability. More importantly, BAC has been able to increase shareholder payouts while continuing to invest across its businesses, demonstrating a balanced approach to growth and capital returns.

Overall, Bank of America appears well-positioned to sustain healthy capital distributions. Strong profitability, excess CET1 capital and considerable remaining buyback capacity provide a solid foundation for continued dividends and repurchases. While a higher G-SIB surcharge expected from January 2027 could modestly increase future capital requirements, continued NII growth, improving fee revenues and disciplined capital management should help offset some of that pressure.

Current Capital Distribution Plans of BAC’s PeersBank of America’s two close peers are JPMorgan (JPM - Free Report) and Morgan Stanley (MS - Free Report) .

JPMorgan's capital distribution capacity is also supported by strong earnings and regulatory capital. After clearing this year’s stress test, the company intends to announce a 10% increase in its quarterly dividend to $1.65 per share. Over the past five years, JPM has hiked its dividend six times, with an annualized growth rate of 11.3%.

JPMorgan has authorized a $50-billion share repurchase program, which became effective July 1, 2026.

Likewise, Morgan Stanley has increased its quarterly dividend by 15% to $1.15 per share in the third quarter of this year. Before this, the company had hiked its quarterly dividend 8% in 2025.

Also, Morgan Stanley’s board of directors has reauthorized a multi-year share repurchase program of up to $20 billion, without an expiration date. Management continues to emphasize disciplined capital allocation, with a preference for organic investment, capital returns and selective bolt-on acquisitions only where strategic and cultural fit are strong.

BAC’s Price Performance, Valuation & EstimatesIn the past six months, shares of Bank of America have gained 30.9% compared with the industry’s 25% growth.

Image Source: Zacks Investment Research

From a valuation standpoint, BAC trades at a trailing 12-month price-to-tangible book ratio of 2.21, well below the industry average of 3.38.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for BAC’s 2026 and 2027 earnings indicates year-over-year growth rates of 22.8% and 12.6%, respectively. Earnings estimates for both years have been unchanged over the past 30 days.

Image Source: Zacks Investment Research

Currently, Bank of America carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

A group of 21 financial institutions including Goldman Sachs (GS.N), Bank of America (BAC.N), Citi (C.N) and Deutsche Bank (DBKGn.DE) plan to create a company this year to issue a cryptocurrency pegged to the ​dollar in the first half of 2027, they said on Tuesday.

The group, ​which was first announced in October 2025 when just 10 banks were ⁠involved, said in a statement that it also aims to expand into stablecoins pegged ​to other G7 currencies, including the euro as a priority.

Stablecoins are used to move ​money around the world in the form of cryptocurrency, and are mostly used in crypto trading. But a rebound in crypto prices in 2024 and U.S. President Donald Trump's support for the ​sector sparked a revival of interest in the idea of using blockchain in the ​mainstream financial system.

The group will compete with a separate consortium of 37 financial institutions which formed ‌a ⁠company called Qivalis and said they plan to launch a euro-pegged stablecoin later this year. Some, including Spanish bank BBVA (BBVA.MC), are members of both groups. President Trump's family's crypto business, World Liberty Financial, has also issued its own stablecoin.

Still, there are few signs of ​demand for stablecoins issued ​by banks.

The stablecoin ⁠market is dominated by El Salvador-based Tether, which says it has issued more than $180 billion worth of its dollar-pegged token and made ​billions in profits by investing the reserves in assets including U.S. ​Treasuries.

France's Societe ⁠Generale (SOGN.PA) - which is not in either consortium - became the first major bank to issue a dollar-backed stablecoin through its digital asset subsidiary last year. The token has not been ⁠widely ​adopted, with just $12.5 million in circulation, according to its ​website.

European Central Bank President Christine Lagarde has warned that privately issued stablecoins pose risks for monetary policy and financial ​stability.

Berkshire Hathaway Inc trimmed its position in Bank of America Corporation (NYSE:BAC) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 483,394,015 shares of the financial services provider’s stock after selling 30,230,150 shares during the quarter. Bank of America accounts for 9.2% of Berkshire Hathaway Inc’s holdings, making the stock its 5th largest holding. Berkshire Hathaway Inc owned about 6.91% of Bank of America worth $27,543,791,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BAC. Magnolia Capital Advisors LLC bought a new stake in shares of Bank of America in the second quarter valued at about $813,000. Arini Capital Management Ltd bought a new position in Bank of America in the second quarter worth approximately $5,698,000. Freestone Grove Partners LP purchased a new stake in Bank of America during the second quarter worth $2,799,000. Caisse de depot et placement du Quebec purchased a new position in shares of Bank of America in the 2nd quarter valued at $241,973,000. Finally, Gallagher Fiduciary Advisors LLC bought a new position in shares of Bank of America in the 2nd quarter worth $759,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.

Bank of America Stock Performance Shares of NYSE BAC opened at $62.38 on Friday. Bank of America Corporation has a 1 year low of $46.12 and a 1 year high of $65.22. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. The company’s fifty day moving average price is $61.18 and its 200 day moving average price is $54.92. The company has a market capitalization of $436.21 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a net margin of 17.56% and a return on equity of 12.20%. The business had revenue of $31.56 billion for the quarter, compared to analyst estimates of $30.78 billion. During the same period in the prior year, the company posted $0.89 EPS. The company’s revenue for the quarter was up 19.6% on a year-over-year basis. On average, research analysts predict that Bank of America Corporation will post 4.68 earnings per share for the current year. Bank of America Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from Bank of America’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, September 4th. Bank of America’s dividend payout ratio (DPR) is presently 25.69%.

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

Positive Sentiment: Bank of America’s artificial-intelligence initiatives and branch expansion are expected to improve operating efficiency and customer service. The potential for productivity gains supports the long-term earnings case, although elevated expenses remain a risk. Should You Buy BAC Stock as AI-Led Branch Expansion Boosts Efficiency? Positive Sentiment: Strong inflows into gold and cryptocurrency funds reported by BofA suggest elevated client demand for investment products. That activity could benefit the bank’s wealth-management, brokerage and trading businesses, though the impact on BAC’s earnings is indirect. Neutral Sentiment: Bank of America disclosed holdings of approximately 4.69% and 5.87% in QIAGEN, reflecting regulatory notifications about its investment position. The disclosures may attract attention but do not materially change BAC’s core banking outlook. Bank of America Discloses 5.87% Stake in QIAGEN Neutral Sentiment: BofA strategists warned that global equities could face an autumn “reality check” tied to the U.S. midterm elections and geopolitical developments. A market pullback could weigh on BAC through lower investment-banking, asset-management and trading activity. Bank of America Warns of an Autumn Reality Check Negative Sentiment: JPMorgan is hiring senior technology dealmaker David Fishman from Bank of America. Losing an experienced M&A executive could weaken BAC’s technology investment-banking franchise and adds to competitive pressure. JPMorgan Hiring Bank of America’s David Fishman Negative Sentiment: The SEC is reportedly investigating margin lending to hedge fund Situational Awareness after a 67% drawdown, with Bank of America among the subpoenaed banks. Potential legal, credit and reputational risks could pressure sentiment. SEC Probe Puts Wall Street Leverage Risk Back in Focus Negative Sentiment: BAC is challenging proposed changes to the Federal Reserve’s global systemically important bank capital surcharge. Higher capital requirements could constrain lending, reduce balance-sheet flexibility and pressure returns on equity. Bank of America Joins Clash Over Fed GSIB Capital Rule Analyst Ratings Changes BAC has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price target on shares of Bank of America in a research report on Tuesday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, July 21st. Royal Bank Of Canada upped their price objective on shares of Bank of America from $59.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. Keefe, Bruyette & Woods raised their price target on shares of Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Finally, Evercore set a $63.00 price objective on shares of Bank of America and gave the company an “outperform” rating in a report on Monday, July 6th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.08.

Read Our Latest Stock Analysis on Bank of America

Bank of America Profile (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.

Further Reading Five stocks we like better than Bank of America 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude? Okta Stock Surges 29%—Is $200 the Next Stop? Want to see what other hedge funds are holding BAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of America Corporation (NYSE:BAC – Free Report).

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Danske Bank A S acquired a new position in shares of Bank of America Corporation (NYSE:BAC – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,423,418 shares of the financial services provider’s stock, valued at approximately $252,046,000. Danske Bank A S owned 0.06% of Bank of America as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in BAC. Gables Capital Management Inc. purchased a new stake in Bank of America in the second quarter valued at approximately $5,182,000. Investmark Advisory Group LLC acquired a new position in Bank of America during the second quarter worth $220,000. Wealthfront Advisers LLC acquired a new position in Bank of America during the second quarter worth $56,700,000. Global Strategic Investment Solutions LLC purchased a new position in shares of Bank of America during the second quarter worth $259,000. Finally, Foster & Motley Inc. purchased a new position in shares of Bank of America during the second quarter worth $792,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Bank of America Price Performance Bank of America stock opened at $61.73 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $60.60 and a 200-day simple moving average of $54.67. The stock has a market cap of $431.66 billion, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 0.98 and a beta of 1.17. Bank of America Corporation has a 12-month low of $46.12 and a 12-month high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 EPS for the quarter, beating the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The firm had revenue of $31.56 billion for the quarter, compared to analyst estimates of $30.78 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Bank of America’s revenue for the quarter was up 19.6% compared to the same quarter last year. Equities analysts expect that Bank of America Corporation will post 4.68 EPS for the current fiscal year. Bank of America Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. This is an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s payout ratio is currently 25.69%.

Analyst Ratings Changes Several research firms recently issued reports on BAC. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Oppenheimer cut Bank of America from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 30th. Truist Financial lifted their target price on Bank of America from $64.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price target on shares of Bank of America from $62.50 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Bank of America from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.08.

View Our Latest Stock Report on BAC

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

Positive Sentiment: Bank of America’s active participation in the August bond market demonstrates continued access to wholesale funding and allows it to extend maturities through senior unsecured offerings. Its latest quarterly results also showed strong earnings and revenue growth, providing a fundamental counterweight to near-term concerns. Bank of America’s Stock Market Signal Flashes Warning Neutral Sentiment: Bank of America increased its indirect stake in Turkish industrial technology company Hidropar to 5.386%. The disclosure indicates portfolio or client-related investment activity, but it is not expected to materially affect BAC’s earnings. Bank of America Lifts Indirect Stake in Hidropar to 5.386% Neutral Sentiment: Bank of America crossed a disclosure threshold in Smith & Nephew, reflecting an updated shareholding. The move is unlikely to have a meaningful direct impact on BAC’s common stock. Smith & Nephew Discloses Updated Bank of America Shareholding Neutral Sentiment: Bank of America’s analysts issued views on HP, Home Depot and Nvidia. These calls may generate research-related attention, but they do not materially change BAC’s own fundamentals. Bank of America Sends Warning on HP Stock Negative Sentiment: A market commentary warns that crowded positioning in Bank of America could make any broader-market pullback sharper. Separate analysis questions whether BAC is undervalued after its recent bond issuance, while noting recent short-term share-price weakness. These factors are weighing on sentiment despite the bank’s solid earnings profile. Bank of America’s Stock Market Signal Flashes Warning Is Bank of America Undervalued? Negative Sentiment: Analysis of Bank of America preferred stock suggests that more attractive alternatives may exist than Series GG. While this primarily affects preferred securities, it can modestly temper sentiment toward BAC’s capital-raising instruments. Bank of America Preferreds: Better Propositions Available Than Series GG (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.

Featured Stories Five stocks we like better than Bank of America 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?

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Foster & Motley Inc. bought a new stake in Bank of America Corporation (NYSE:BAC – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,893 shares of the financial services provider’s stock, valued at approximately $792,000.

Several other institutional investors have also recently made changes to their positions in the company. Cypress Asset Management Inc. TX bought a new stake in Bank of America in the second quarter worth about $1,045,000. Main Street Financial Solutions LLC bought a new position in shares of Bank of America during the second quarter valued at approximately $4,255,000. Rayburn West Financial Services LLC bought a new position in shares of Bank of America during the second quarter valued at approximately $5,139,000. First National Bank of Omaha purchased a new stake in shares of Bank of America in the second quarter worth approximately $4,926,000. Finally, Timothy G. Youngquist 2020 Irrevocable Trust raised its holdings in shares of Bank of America by 598.8% in the second quarter. Timothy G. Youngquist 2020 Irrevocable Trust now owns 16,583 shares of the financial services provider’s stock worth $945,000 after buying an additional 14,210 shares during the period. Institutional investors own 70.71% of the company’s stock.

Analyst Ratings Changes A number of equities analysts recently issued reports on BAC shares. Jefferies Financial Group restated a “buy” rating and set a $75.00 price objective on shares of Bank of America in a report on Tuesday, July 14th. Daiwa Securities Group increased their target price on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of America in a research report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on Bank of America from $62.50 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley boosted their target price on shares of Bank of America from $61.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of America presently has a consensus rating of “Moderate Buy” and an average price target of $64.08.

Read Our Latest Report on BAC Bank of America Stock Performance Bank of America stock opened at $61.73 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $431.66 billion, a PE ratio of 14.16, a P/E/G ratio of 0.98 and a beta of 1.17. The company has a 50 day moving average price of $60.60 and a 200-day moving average price of $54.67. Bank of America Corporation has a fifty-two week low of $46.12 and a fifty-two week high of $65.22.

Bank of America (NYSE:BAC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. The company had revenue of $31.56 billion for the quarter, compared to analysts’ expectations of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.Bank of America’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 earnings per share. As a group, equities analysts forecast that Bank of America Corporation will post 4.68 earnings per share for the current year.

Bank of America Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 4th will be issued a $0.32 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. This is a positive change from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio (DPR) is currently 25.69%.

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

Positive Sentiment: Bank of America’s active participation in the August bond market demonstrates continued access to wholesale funding and allows it to extend maturities through senior unsecured offerings. Its latest quarterly results also showed strong earnings and revenue growth, providing a fundamental counterweight to near-term concerns. Bank of America’s Stock Market Signal Flashes Warning Neutral Sentiment: Bank of America increased its indirect stake in Turkish industrial technology company Hidropar to 5.386%. The disclosure indicates portfolio or client-related investment activity, but it is not expected to materially affect BAC’s earnings. Bank of America Lifts Indirect Stake in Hidropar to 5.386% Neutral Sentiment: Bank of America crossed a disclosure threshold in Smith & Nephew, reflecting an updated shareholding. The move is unlikely to have a meaningful direct impact on BAC’s common stock. Smith & Nephew Discloses Updated Bank of America Shareholding Neutral Sentiment: Bank of America’s analysts issued views on HP, Home Depot and Nvidia. These calls may generate research-related attention, but they do not materially change BAC’s own fundamentals. Bank of America Sends Warning on HP Stock Negative Sentiment: A market commentary warns that crowded positioning in Bank of America could make any broader-market pullback sharper. Separate analysis questions whether BAC is undervalued after its recent bond issuance, while noting recent short-term share-price weakness. These factors are weighing on sentiment despite the bank’s solid earnings profile. Bank of America’s Stock Market Signal Flashes Warning Is Bank of America Undervalued? Negative Sentiment: Analysis of Bank of America preferred stock suggests that more attractive alternatives may exist than Series GG. While this primarily affects preferred securities, it can modestly temper sentiment toward BAC’s capital-raising instruments. Bank of America Preferreds: Better Propositions Available Than Series GG Bank of America Company Profile (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.

Read More Five stocks we like better than Bank of America 2 Biotech Stocks Shaping Up for Major Breakouts 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?

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The U.S. Securities and Exchange Commission on Friday charged a former senior Bank of America (BAC.N) investment banker with insider trading, alleging he tipped a longtime ​friend and former colleague about a pending merger, allowing the friend to make $18.5 ‌million of illegal profit.

Jason Satsky, who was Bank of America’s co-head of Americas power and renewable energy banking, allegedly tipped Gavin Wolfe in late 2021 about the potential acquisition of South Jersey Industries, an energy ​holding company that the bank was advising.

The SEC said Wolfe, who runs the firm ​Evergreen Capital and has been Satsky's friend for more than 20 years, ⁠bought more than 2.2 million shares of the South Jersey Gas parent worth about $53 million, ​and realized a 36% gain after the company announced an $8.1 billion buyout on February 24, 2022.

Satsky ​and Wolfe allegedly communicated multiple times about a possible acquisition, including when they and their wives attended a nationally televised college basketball game between Duke and Kentucky at Madison Square Garden, where Satsky had luxury box ​seats obtained through Bank of America.

The lawsuit seeks to recoup ill-gotten gains from Wolfe, and ​impose civil fines and officer-and-director bans against Satsky and Wolfe, among other remedies.

Satsky, 59, lives in New York, ‌while ⁠Wolfe, 55, lives in New York and Sunny Isles Beach, Florida.

"Jason strongly denies the SEC’s allegations and is confident that the evidence will demonstrate that he acted properly and that he will be fully vindicated," Satsky's lawyer Robert Anello said in a statement. "Jason did not provide Gavin ​Wolfe, or anyone else, ​with material nonpublic ⁠information regarding South Jersey Industries."

Reed Brodsky, a lawyer for Wolfe, in a statement said his client "categorically denies the allegations and will vigorously defend himself." ​He also said the SEC ignored sworn testimony and documents that ​showed Wolfe ⁠bought South Jersey shares based on an "independent investment thesis."

Wolfe was a senior power and renewable energy banker at Credit Suisse before he and Satsky joined Bank of America in 2012. Evergreen manages Wolfe family ⁠assets. ​Bank of America terminated Satsky in March 2025, the ​SEC said.

Bank of America was not accused of wrongdoing and confirmed Satsky no longer works there. Evergreen did not immediately ​respond to a request for comment.

Bryn Mawr Trust Advisors LLC purchased a new stake in Bank of America Corporation (NYSE:BAC) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,602 shares of the financial services provider’s stock, valued at approximately $1,459,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Bank of America in the 4th quarter worth approximately $4,774,210,000. Capital International Investors bought a new stake in Bank of America during the fourth quarter worth approximately $2,357,461,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Bank of America by 640.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 46,516,728 shares of the financial services provider’s stock worth $2,399,798,000 after buying an additional 40,235,201 shares in the last quarter. Vanguard Group Inc. grew its position in Bank of America by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 651,076,825 shares of the financial services provider’s stock worth $35,809,225,000 after buying an additional 23,351,183 shares during the last quarter. Finally, Cardano Risk Management B.V. increased its holdings in shares of Bank of America by 914.5% in the fourth quarter. Cardano Risk Management B.V. now owns 25,095,260 shares of the financial services provider’s stock valued at $1,380,239,000 after buying an additional 22,621,546 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

Analysts Set New Price Targets BAC has been the subject of a number of recent research reports. Barclays increased their price objective on Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Daiwa Securities Group boosted their target price on Bank of America from $58.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of America in a report on Tuesday, July 21st. Oppenheimer lowered Bank of America from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target on shares of Bank of America in a research note on Tuesday, July 14th. Twenty-one investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.08.

Check Out Our Latest Report on Bank of America Bank of America Trading Up 0.5% NYSE BAC opened at $64.24 on Wednesday. The firm’s 50 day moving average price is $60.18 and its two-hundred day moving average price is $54.49. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.82 and a current ratio of 0.83. Bank of America Corporation has a twelve month low of $46.12 and a twelve month high of $65.22. The stock has a market cap of $449.19 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.03 and a beta of 1.17.

Bank of America (NYSE:BAC – Get Free Report) last released its earnings results on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.08. The company had revenue of $31.56 billion during the quarter, compared to analyst estimates of $30.78 billion. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The company’s revenue for the quarter was up 19.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 earnings per share. Equities analysts anticipate that Bank of America Corporation will post 4.68 EPS for the current year.

Bank of America Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.28 annualized dividend and a yield of 2.0%. This is an increase from Bank of America’s previous quarterly dividend of $0.28. Bank of America’s dividend payout ratio (DPR) is currently 25.69%.

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

Positive Sentiment: Bank of America is investing $1.9 billion for up to a 49.9% stake in Jio Credit, expanding its presence in India’s fast-growing financial-services market and creating potential long-term revenue growth. Will Bank of America Benefit From the Jio Credit Partnership in India? Positive Sentiment: BofA’s global fund-manager survey showed unusually strong optimism toward equities, with investors relatively unconcerned about higher rates, economic weakness, political instability and AI capital spending. This supports a constructive backdrop for large financial stocks. Fund managers have rarely been this bullish about stocks Positive Sentiment: Bank of America’s bullish calls on cybersecurity, AI infrastructure and memory-chip companies highlight its investment-banking and research exposure to areas attracting strong investor demand. The bank also sees gold reaching $5,000, reflecting active market opportunities for its clients. AI Agents Are Creating a New Cybersecurity Boom Neutral Sentiment: Strategists Michael Hartnett and other BofA analysts warned that record U.S. deficits, rising long-term yields and potential global stagflation make bonds less attractive. The outlook could support trading activity and net interest income, but it also raises risks for bond portfolios and the broader economy. With the national debt nearing $40 trillion Negative Sentiment: Bank of America cautioned that the AI boom’s heavy capital spending could create a less visible market vulnerability if expected returns fail to justify investments. That warning may weigh on sentiment toward banks exposed to technology financing and capital markets. Bank of America Has a Stark Warning on AI Spending Negative Sentiment: BAC is among six banks agreeing to an $86.4 million settlement over alleged Mexican bond-market manipulation. Although the cost is shared and appears manageable relative to BAC’s size, the matter adds regulatory and litigation overhang. Major US Banks Agree to $86.4M Settlement in Mexican Bond-Rigging Case Bank of America Company Profile (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.

See Also Five stocks we like better than Bank of America The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond Want to see what other hedge funds are holding BAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of America Corporation (NYSE:BAC – Free Report).

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Key Takeaways BAC will invest $1.9 billion for up to a 49.9% stake in Jio Credit, expanding its footprint in India.BAC will gain equal board representation, combining its know-how with Jio Credit's digital lending platform.BAC gains exposure to Jio Credit's lending platform through its strategic investment in India. Bank of America Corporation (BAC - Free Report) is strengthening its presence in India by investing approximately $1.9 billion for up to a 49.9% stake in Jio Credit Limited (JCL), the lending subsidiary of Jio Financial Services (JFSL). The investment will provide BAC with exposure to India’s rapidly growing credit market while leveraging Jio Financial Services’ digital reach, customer base and local expertise.

The transaction will enable BAC to combine its global financial-services expertise, technology, governance and risk-management capabilities with Jio Credit’s digital-first lending platform. The partnership is expected to create long-term growth opportunities for BAC as Jio Credit expands its lending operations across India.

BAC’s strong digital capabilities, with 86% of relationship clients digitally active in the second quarter of 2026, could complement Jio Credit’s digital reach and local market expertise. With Jio Credit’s AUM reaching $3.2 billion (~INR30,667 crore) as of June 30, 2026, up 2.6x year over year, BAC will gain exposure to a rapidly scaling lending business while supporting its expansion into existing and new lending products. The partnership will also provide BAC with equal representation on Jio Credit’s board, giving it a direct role in the subsidiary’s strategic direction and governance.

Digitally Active Client Relationship

Image Source: Bank of America Corporation

The Jio Credit partnership aligns with Bank of America’s strategy of expanding its global franchise in high-growth markets. The company will be able to leverage an established local platform rather than building a comparable lending network organically. The combination of Jio’s local expertise and digital distribution with BAC’s technology, risk-management and governance capabilities is likely to provide the company with greater participation in India’s expanding consumer-credit market.

The transaction is unlikely to materially impact BAC’s near-term financial results. The investment’s long-term success will depend on Jio Credit’s ability to scale its loan book profitably, manage credit risks, and effectively deploy the additional capital.

Over the past year, shares of BAC have gained 34.6%, outperforming the industry’s 27.4% increase.

One-Year Price Performance

Image Source: Zacks Investment Research

At present, BAC carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

Acquisition by Other Financial FirmsLast week, StoneX Group Inc. (SNEX - Free Report) agreed to acquire Banco Travelex S.A., Brazil’s first bank dedicated exclusively to FX operations. The deal is expected to strengthen SNEX’s payments and FX capabilities, expand its presence in Brazil, and support cross-selling across nearly 20,000 clients and approximately $6 billion in annual volume.

The acquisition will broaden StoneX’s local banking and payment capabilities while complementing its existing FX and international payments businesses. The deal comes as Payments operating revenues rose 7% year over year to $173.3 million in the first nine months of fiscal 2026, although an 8% decline in RPM indicates continued pressure on revenue capture.

Earlier this month, KeyCorp (KEY - Free Report) completed the acquisition of Clearwater Corporate Finance LLP (Clearwater UK), a U.K.-based middle-market investment banking advisory firm. The transaction expands KEY’s advisory business into Western Europe and strengthens its middle-market M&A capabilities.

The acquisition supports KeyCorp’s strategy of expanding its investment banking franchise and growing fee-based businesses. Management expects 2026 investment banking fees to grow at a mid-single-digit rate, with third-quarter fees projected to increase more than 20% sequentially, supported by improving deal activity and the Clearwater UK acquisition.

Key points

Bank of America's investment, including the equity shares and warrants (if fully subscribed), would be ₹18,268 crore (~$1.9 billion USD[1]).    Jio Credit receives further capital to support its growth in India and expertise of a global financial services firm.  The investment supports Bank of America's commitment to its global franchise with a strong local partner in India. , /PRNewswire/ -- Jio Financial Services Limited (JFSL) and Bank of America Corporation (BofA) today announced that they have signed a definitive agreement whereby BofA will acquire up to a total of 49.9% interest as a joint venture partner in JFSL's wholly-owned NBFC (non-bank financial company) lending subsidiary, Jio Credit Limited (JCL) through a preferential allotment of equity shares and warrants.

The venture will combine JFSL's digital reach and knowledge of the Indian market with BofA's global financial services expertise. Both companies share the common vision of improving clients' financial lives through state-of-the-art digital access, innovation, access to credit and strong risk management.

JCL is among India's fastest growing NBFCs, having built assets under management (AUM) of ₹30,667 crore (~$3.2 billion USD) as of June 30, 2026, within just two years of operations. The digital-first lender is focused on bridging the gap between traditional finance and modern accessibility through its diverse suite of lending products, with ambitions to responsibly continue its growth trajectory by providing borrowing opportunities across existing and new products within India.      

The investment will allow BofA to expand its participation in the rapidly growing Indian market, the world's fastest growing major economy at double the global growth rate, while doing so with a partner that has local expertise and differentiated capabilities.

As India's financial sector expands alongside the nation's robust economic growth, the partnership positions the venture to capitalize on emerging growth opportunities in the industry. Beyond securing long-term capital for sustainable loan growth, the collaboration provides the venture with access to BofA's expertise related to financial services, governance, risk management, and technology.

The investment of up to ₹18,268 crore (~$1.9 billion USD), will be made through a preferential allotment of equity shares and warrants. The transaction initially gives Bank of America a 26.5% equity interest in JCL, which can go up to 49.9% upon exercise of the warrants. The transaction is subject to regulatory and statutory approvals.  

Pursuant to the transaction, JCL's Board of Directors will have equal representation from both JFSL and BofA. The existing management team of JCL will continue driving the strategy and operations at the NBFC and JCL will continue to be consolidated as a subsidiary in JFSL's financial reporting.

Commenting on the proposed partnership, Mukesh D. Ambani said: "Our country's progress toward becoming Viksit Bharat by 2047 demands a financial ecosystem built on scale, trust, and inclusivity. Central to this journey is the democratization of responsible credit — characterised by lower costs for the customer, absolute transparency, and expanding access to capital as our economy grows.

Jio Financial Services is committed to making finance more seamless and simpler for Indians than ever before, leveraging new technology and anchored in the highest standards of governance. Our strategic partnership with Bank of America is a pivotal milestone in this mission. By combining our digital reach with Bank of America's global pedigree, we will eliminate friction in credit delivery for all Indians, empowering them to chart a prosperous and inclusive path forward for the entire nation."

Brian Moynihan, Chair and Chief Executive Officer, Bank of America said: "India is one of the world's most important growth markets, and this investment reflects our confidence in its future, a market we know well and have supported for decades. We are excited to become a partner with Jio Financial Services, which has achieved remarkable scale in a short period of time, growing to more than $3 billion in assets under management in just two years.

By combining Jio Financial Services' scale, local expertise and customer base with Bank of America's global reach, digital experience and close to 250 years of leadership in banking, we can help expand access to financial services and support India's continued economic growth."

About Jio Credit Limited
Jio Credit Limited (JCL, formerly known as Jio Finance Limited), a wholly owned subsidiary of Jio Financial Services Limited, is a digital-native NBFC redefining India's lending landscape. JCL bridges the gap between traditional finance and modern accessibility through a full spectrum of secured credit — from Retail assets like Mortgages and Loans Against Securities to Commercial and Supply Chain Finance. By anchoring its diverse portfolio in advanced risk frameworks, JCL delivers resilient, high-quality growth for both individuals and enterprises.

About Jio Financial Services Limited
Jio Financial Services Limited (JFSL) is a Core Investment Company (CIC) registered with the Reserve Bank of India. As a new-age institution, JFSL operates a full-stack financial services ecosystem through customer-facing subsidiaries, including Jio Credit Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Service Limited, and Jio Payments Bank Limited.

Through a 50:50 joint venture with BlackRock, JFSL offers Mutual Funds and SIFs in India through Jio BlackRock Asset Management Private Limited; and wealth management through Jio BlackRock Investment Advisers Private Limited. The JV with BlackRock also proposes to offer broking services through Jio BlackRock Broking Private Limited.

JFSL has entered into 50:50 joint ventures with the Allianz Group, establishing Allianz Jio Reinsurance Limited for reinsurance services and Jio Allianz General Insurance Limited for general and health insurance in India. Additionally, they have signed a non-binding agreement to explore future opportunities in life insurance.

With a digital-first model, JFSL is committed to enhancing the financial well-being of Indian citizens by enabling them to borrow, transact, save, and invest seamlessly. Through the JioFinance app, customers can access a wide range of solutions including loans, savings accounts, investment products and solutions, UPI, bill payments, recharges, digital insurance, financial tracking and management tools, and more.

For more updates, please visit www.jfs.in | Follow JFSL on Instagram: @OfficialJioFinance | X: @JioFinance1 | Facebook: @JioFinance | LinkedIn: @Jio Financial Services Limited | To download the JioFinance app, click here 

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving more than 69 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Forward-looking statements

Bank of America
Certain statements contained in this news release may constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These statements often use words like "expects," "anticipates," "believes," "estimates," "targets," "intends," "plans," "predicts," "goal" and other similar expressions or future or conditional verbs such as "will," "may," "might," "should," "would" and "could." Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made.

Forward-looking statements represent Bank of America's current expectations, plans or forecasts of its future results, revenues, expenses, dividends, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. These statements are not guarantees of its future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of America's control. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. You should not place undue reliance on any forward-looking statement and should consider all of the precautionary statements, uncertainties and risks discussed in Bank of America's filings with the Securities and Exchange Commission (SEC), including under Item 1A. "Risk Factors" of Bank of America's Annual Report on Form 10-K for the year ended December 31, 2025, and in any of Bank of America's other subsequent SEC filings.

Jio Financial Services Limited
This presentation contains forward-looking statements which may be identified by their use of words like "plans," "expects," "will," "anticipates," "believes," "intends," "projects," "estimates" or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. These companies assume no responsibility to publicly amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. 

Reporters may contact

JFSL
Aveek Datta, Jio Financial Services Limited
[email protected]

Shruti Singh, Jio Financial Services Limited
[email protected]

Bank of America
Linus Chettiar, Bank of America
Phone: 91.98200.37765
[email protected]

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
[email protected]

Footnotes
[1] Assuming FX conversion rate of US$1 = INR 96

SOURCE Bank of America Corporation

The smart money is decisively bullish on Bank of America (NYSE:BAC | BAC Price Prediction), even as the stock trades at or near record highs. Of 24 analysts covering the shares, five rate it Strong Buy, 15 rate it Buy, four rate it Hold, and zero rate it Sell or Strong Sell, a lopsided consensus that stands in sharp contrast to a muted, skeptical retail crowd.

Shares closed at $63.86 on August 10, 2026, riding a 16.1% year-to-date advance and a 38.8% one-year gain. The stock hit a $64.00 52-week high on Monday, and the 10-year return runs to 328.3%. In plain terms, shares are pressing the top of their long-term range even as institutional coverage points higher.

What Wall Street Thinks The sell-side consensus price target is $68.77, implying additional upside from the current quote. The 24/7 Wall St. quantitative model goes further: a predicted price of $72.19 with a 0.9 confidence reading, translating to a Buy signal and 13.04% projected upside. The model’s bull case reaches $83.90 by August 2027; the bear case is $62.78.

Q2 2026 EPS of $1.21 beat the $1.12 consensus by 8.0%, extending a long streak of quarterly earnings beats. Quarterly earnings growth ran 34.1% year-over-year, and CEO Brian Moynihan told investors, “pipelines remain strong, and commercial borrowing has picked up.” Global Markets revenue jumped 34% to $8.02 billion, investment banking fees rose 50%, and the company returned $8.0 billion to shareholders in Q2 alone. Valuation remains undemanding at a trailing P/E of 15 and forward P/E of 14.

What Retail Thinks Retail has largely stayed on the sidelines. Reddit activity around Bank of America has been thin and speculative, concentrated in r/wallstreetbets during a late-July engagement spike, with peak activity scores in the 20 to 32 range and single-mention samples. The 24/7 model’s own sentiment component flagged bearish social sentiment as a −0.036 drag on the composite factor. Options positioning is mixed: the full-chain put/call ratio is 0.80, with front-week August 14 expiry running 1.04. That combination, quiet forums plus balanced options flow, describes a retail base that has largely missed or dismissed the run.

Insider Activity: Routine Compensation Mechanics CEO Brian Moynihan’s recent transactions are monthly RSU vesting events on the 15th of each month with consistent 18,083-share counts. These are automatic compensation-plan settlements executed on a preset schedule. The 10% owner activity attributed to Bank of America itself shows balanced buy/sell patterns consistent with 10b5-1 plan execution and portfolio rebalancing. Named-executive activity remains balanced and routine at these prices.

The Verdict The gap here favors the analysts. Both Wall Street’s target and the model’s sit above spot, backed by 83% bullish analyst sentiment, many straight earnings beats, and 34% earnings growth. Retail skepticism at record highs is common; it is rarely a reliable contrary signal in a large-cap money-center bank compounding at this rate. The key risk that retirement-oriented holders should weigh is rate sensitivity: management disclosed that a −100 bps parallel shift would reduce NII by roughly $2.2 billion over the next 12 months, while a +100 bps move adds about $1.0 billion. On the current data, the smart money read remains the more defensible one; retail hesitation is a check on position sizing, not a reason to fade the underlying trend.

Contact [email protected] for any questions or corrections.

Key Takeaways Bank of America delivered strong EPS growth, fueled by record NII, and strong trading and IB revenues.BAC recorded its 17th straight quarter of trading revenue growth and a 50.5% rise in IB fees.BAC reaffirmed its 2026 NII growth expectations and returned capital through dividends and buybacks. Bank of America (BAC - Free Report) delivered a strong second-quarter 2026 performance, underscoring the resilience of its diversified business model despite an uncertain macroeconomic environment. The bank reported 34.4% year-over-year earnings per share growth, driven by record net interest income (NII), robust trading and investment banking (IB) revenues, healthy loan growth, and resilient credit quality.

This quarter marked the 17th consecutive quarter of growth in trading revenues. Sales and trading revenues (excluding net DVA) increased 33% year over year to $7.16 billion. IB fees soared 50.5% to $1.15 billion, reflecting strong advisory and capital markets activity. Likewise, NII (fully taxable-equivalent basis) rose 9.1% to a record $16.16 billion, highlighting the strength of the bank’s core lending franchise.

The results also showcased the benefits of Bank of America’s long-term strategic investments. The company maintained a robust balance sheet, continued to reward shareholders through higher dividends and share repurchases, and reaffirmed its expectation for sustained NII growth in 2026.

Strength across its Consumer Banking, Global Banking, Global Markets, and Global Wealth & Investment Management segments further demonstrates the bank’s ability to generate balanced earnings from multiple businesses rather than relying on a single revenue source.

Given these strong operating trends, Bank of America appears well-positioned to create shareholder value. However, before making an investment decision, it is important to evaluate the company’s underlying fundamentals and growth drivers to determine whether the stock remains an attractive investment opportunity.

Key Factors Supporting Bank of AmericaRobust Top-Line Growth: Bank of America has been witnessing an increase in revenues over the past several years. Total net revenues witnessed a compound annual growth rate (CAGR) of 5.7% over the last five years (2020-2025), with the uptrend continuing in the first half of 2026.

Revenue Trend
Image Source: Zacks Investment Research

The rise has been driven by consistent loan growth (net loans and leases saw a CAGR of 5.2% over the same time frame) and a favorable interest rate backdrop, along with a decent rise in fee income (total non-interest income witnessed a CAGR of 4.7%).

Despite declines in interest rates in 2024 and 2025, the company’s NII saw a CAGR of 6.7% in the five years ended 2025, primarily supported by increasing loan balances. The uptrend for NII has continued in the first six months of 2026.

With interest rates expected to remain elevated and the possibility of a rate hike later in the year, along with a continued rise in loan balances and fixed-rate asset repricing, BAC’s NII is expected to continue to improve in the near term. Management expects full-year 2026 NII (FTE) to grow in the upper end of 6-8%. This, coupled with fee income growth, will likely keep supporting revenue expansion.

The Zacks Consensus Estimate for BAC’s 2026 and 2027 revenues is pegged at $123.5 billion and $129.9 billion, which indicates year-over-year growth rates of 12% and 5.1%, respectively.

Revenue Growth Estimates
Image Source: Zacks Investment Research

Strong Recovery in Investment Banking Franchise: Bank of America’s IB business has regained strong momentum following the industry-wide slowdown in global deal-making during 2022-2023.

After IB fees declined 45.7% in 2022 and 2.4% in 2023, the franchise rebounded with 31.4% growth in 2024 and an 8.4% increase in 2025. The recovery accelerated in the first half of 2026, with IB fees rising 36.4% year over year, driven by a 61% surge in advisory revenues, a 52.8% increase in equity underwriting fees and a 10.9% rise in debt underwriting income.

With corporate confidence gradually improving, capital markets reopening and Bank of America maintaining a robust investment banking pipeline, the company is well-positioned to sustain fee income growth and further diversify earnings beyond its traditional lending business.

Integration of Artificial Intelligence With Branch Expansion: Bank of America is integrating AI with its branch expansion strategy by building a “phygital” banking model that combines AI-driven digital capabilities with modern, tech-enabled financial centers. While the bank plans to open more than 150 new centers by 2027, AI tools like Erica, fraud-detection systems and automated workflows are increasingly handling routine transactions and customer interactions.

This allows branch employees to focus on higher-value advisory services and cross-selling products such as mortgages, auto loans and credit cards. The strategy is expected to improve operating efficiency, lower costs, enhance customer engagement, and drive stronger fee income and NII growth over the long term, ultimately supporting sustained operating margin expansion.

Strong Balance Sheet & Liquidity Position: As of June 30, 2026, Bank of America had total debt worth $732.1 billion. Its cash and cash-equivalents balance was $229.7 billion. Despite a high debt burden, the company’s liquidity position seems sufficient to meet near-term obligations since BAC has easy access to the debt markets, given its investment-grade long-term credit ratings of A1, A- and AA- from Moody’s, S&P Global Ratings and Fitch Ratings, respectively, along with a stable outlook.

The company has an efficient capital distribution plan, supported by its earnings strength, through which it keeps enhancing shareholder value. After clearing the 2026 stress test, Bank of America raised its quarterly dividend 14.3% to 32 cents per share. Prior to this, it increased its dividend 7.7% in 2025, 8.3% in 2024, 9.1% in 2023, 4.8% in 2022 and 17% in 2021.

Also, BAC engages in regular share repurchases. In July 2025, it authorized a $40-billion repurchase program. As of June 30, 2026, $17 billion worth of authorization remained available for repurchase.

Analyzing Bank of America’s Price Performance & ValuationSo far this year, shares of Bank of America have gained 12.8%, outperforming the S&P 500 Index’s 7.5% rally and the industry’s 10.4% growth.

If we look at BAC’s two key peers, JPMorgan (JPM - Free Report) and Citigroup (C - Free Report) , it appears that while BAC has outperformed JPM year to date, it has underperformed Citigroup.

Shares of JPMorgan have gained 9.6%, whereas the Citigroup stock has appreciated 13.3%.

YTD Price Performance
Image Source: Zacks Investment Research

Looking at Bank of America’s valuation, the stock is currently trading at a 12-month trailing price-to-tangible book (P/TB) of 2.19X, which is below the industry’s 3.40X. This shows that BAC is currently trading at a discount relative to the industry average.

P/TB Ratio (TTM)
Image Source: Zacks Investment Research

JPMorgan has a P/TB of 3.29X, while Citigroup’s P/TB ratio is 1.34X. Thus, currently, BAC is overvalued compared with Citigroup but undervalued compared with JPMorgan.

Final Verdict on Bank of AmericaBAC has a strong fundamental positioning, driven by scalable AI capabilities, data advantage from its vast customer base and a well-executed strategy that blends digital efficiency with targeted branch expansion. With continued investments in technology and a disciplined expansion approach, the company will likely deliver steady margin expansion and long-term value creation.

In addition to this, BAC’s diversified revenue base across consumer banking, wealth management and institutional operations provides resilience across economic cycles. The bank continues to benefit from a large, low-cost deposit franchise, improving NII and disciplined cost management, all of which are expected to support steady profitability. Looking at these positives, it seems to be a wise idea to add the BAC stock to your portfolio now.

Analysts also seem optimistic regarding the company’s earnings growth potential. Over the past seven days, the Zacks Consensus Estimate for BAC’s 2026 and 2027 earnings has been revised upward. Earnings estimates for 2026 suggest a year-over-year rise of 22.1% and the estimates for 2027 indicate growth of 12.6%.

Earnings Estimate Revision
Image Source: Zacks Investment Research

At present, Bank of America carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Posted by Defense World Staff on Jul 22nd, 2026

Baader Bank Aktiengesellschaft bought a new stake in Bank of America Corporation (NYSE:BAC – Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,836 shares of the financial services provider’s stock, valued at approximately $570,000.

Several other hedge funds have also made changes to their positions in BAC. Abound Financial LLC purchased a new position in shares of Bank of America in the 4th quarter valued at approximately $26,000. Wiser Advisor Group LLC purchased a new stake in shares of Bank of America during the third quarter worth approximately $27,000. Legacy Bridge LLC lifted its holdings in shares of Bank of America by 182.3% during the fourth quarter. Legacy Bridge LLC now owns 511 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 330 shares during the period. CrossGen Wealth LLC acquired a new stake in shares of Bank of America during the fourth quarter worth $30,000. Finally, Joseph Group Capital Management purchased a new position in Bank of America in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 70.71% of the company’s stock.

Insiders Place Their Bets In related news, insider Geoffrey S. Greener sold 126,756 shares of Bank of America stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $53.01, for a total transaction of $6,719,335.56. Following the transaction, the insider owned 1,373,397 shares in the company, valued at approximately $72,803,774.97. The trade was a 8.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades A number of equities research analysts have weighed in on BAC shares. The Goldman Sachs Group lifted their price objective on Bank of America from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price target on shares of Bank of America in a report on Tuesday, July 14th. Barclays lifted their price target on Bank of America from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Piper Sandler upped their price objective on Bank of America from $53.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. Finally, HSBC raised their target price on Bank of America from $55.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Twenty-one research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.77.

Get Our Latest Stock Report on Bank of America

Bank of America Trading Up 1.2% Shares of BAC stock opened at $61.12 on Wednesday. The company has a market capitalization of $433.71 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 0.97 and a beta of 1.17. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $55.71 and a 200 day moving average price of $53.21. Bank of America Corporation has a twelve month low of $44.75 and a twelve month high of $62.12.

Bank of America (NYSE:BAC – Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.08. Bank of America had a return on equity of 12.20% and a net margin of 17.56%.The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $30.78 billion. During the same quarter last year, the firm earned $0.89 earnings per share. The business’s revenue was up 19.6% on a year-over-year basis. Research analysts forecast that Bank of America Corporation will post 4.66 earnings per share for the current fiscal year.

Bank of America Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, June 5th. Bank of America’s payout ratio is 25.69%.

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

Positive Sentiment: Bank of America’s new BofA Rewards program crossed 3 million enrollments in just seven weeks, with most sign-ups happening digitally. That rapid adoption suggests the bank is successfully deepening customer relationships and could support future deposit growth and cross-selling. 3 Million+ Clients Enroll in New BofA Rewards™ Program in First Seven Weeks Positive Sentiment: Bank of America also enhanced its EricaAssist tool with generative AI, giving more than 18,000 employees faster real-time guidance to resolve client needs. Investors may view this as an efficiency and service-quality improvement that can help lower costs over time. BofA enhances AI-powered tool to resolve client needs faster Positive Sentiment: Oppenheimer reportedly added Bank of America to its latest buy ideas list with a near-perfect quant rating, reinforcing the bullish case for BAC among analysts. Bank of America leads Oppenheimer’s latest buy additions with near-perfect quant rating Positive Sentiment: The bank promoted Thorsten Pauli to lead Asia Pacific capital markets, a move that underscores continued focus on investment banking and global markets opportunities. Bank of America (BAC) Names Thorsten Pauli To Lead Asia Pacific Capital Markets Positive Sentiment: Bank of America’s small business digital banking platform again ranked first in a Keynova Group scorecard, which may bolster the view that BAC is gaining share through better digital products. Small Business Digital Banking Advances with Payment Innovations and Upgraded Invoicing and Receivables Capabilities Neutral Sentiment: Several stories highlighted Bank of America research on other companies, including Micron, Meta, Apple, CoreWeave, and Citizens Financial. These items mainly reflect BAC’s analyst franchise rather than a direct change in Bank of America’s fundamentals. Neutral Sentiment: The bank also released workplace wellbeing and broader economic commentary, which add color to the macro backdrop but are less likely to move BAC shares by themselves. BofA Report: Financial Wellbeing of Employees at U.S. Companies Hits Four-Year High, Even as Cost-of-Living Pressures Persist Bank of America Profile (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.

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, /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: 

Series of Preferred Stock

Dividend per Share
or Depositary Share1

Record Date

Payment Date

Floating Rate Non-Cumulative
Preferred Stock, Series E

$0.27234

July 31

August 17

Floating Rate Non-Cumulative
Preferred Stock, Series F

$1,105.52311

August 31

September 15

Adjustable Rate Non-
Cumulative Preferred Stock,
Series G

$1,105.52311

August 31

September 15

Floating Rate Non-Cumulative
Preferred Stock, Series 1

$0.29213

August 15

August 28

Floating Rate Non-Cumulative
Preferred Stock, Series 2

$0.29223

August 15

August 28

Floating Rate Non-Cumulative
Preferred Stock, Series 4

$0.29862

August 15

August 28

Floating Rate Non-Cumulative
Preferred Stock, Series 5

$0.28128

August 1

August 21

Fixed-to-Floating Rate Non-
Cumulative Preferred Stock,
Series FF

$29.37500

September 1

September 15

6.000% Non-Cumulative
Preferred Stock, Series GG

$0.3750000

August 1

August 17

5.375% Non-Cumulative
Preferred Stock, Series KK

$0.3359375

September 1

September 25

5.000% Non-Cumulative
Preferred Stock, Series LL

$0.3125000

September 1

September 17

4.250% Non-Cumulative
Preferred Stock, Series QQ

$0.2656250

August 1

August 17

4.750% Non-Cumulative
Preferred Stock, Series SS

$0.2968750

August 1

August 17

1 Each series of preferred stock, other than Series F and Series G, is represented by depositary shares.

Bank of America
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving nearly 70 million clients with approximately 3,500 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 60 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. As the #1 small business lender in the United States (FDIC), Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries and/or jurisdictions. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Investors May Contact:

Lee McEntire, Bank of America
Phone: 1.980.388.6780
[email protected]

Jonathan G. Blum, Bank of America (Fixed Income)
Phone: 1.212.449.3112
[email protected]

Reporters May Contact:

Jocelyn Seidenfeld, Bank of America
Phone: 1.646.743.3356
[email protected]

SOURCE Bank of America Corporation

Also from this source

Key Takeaways Bank of America expects 2026 NII growth at the high end of 6-8%, backed by loans, deposits and repricing.BAC raised full-year operating leverage guidance to 300-400 basis points after a strong first half.More than 200,000 employees use AI tools as broad segment growth supports stronger earnings power. Bank of America Corporation (BAC - Free Report) used its second-quarter 2026 call to push a forward-looking message rather than simply celebrate a beat. Management framed the quarter as evidence that broad client activity, disciplined expenses and steady balance sheet optimization are translating into stronger earnings power.

That mattered because executives also tightened the focus on what comes next: net interest income at the high end of prior guidance, continued loan and deposit growth, and more operating leverage even as the company keeps spending on technology, marketing and AI tools.

BAC Raises the Bar on 2026 NIIChairman and CEO Brian Moynihan said the quarter showed organic growth across every business segment. Revenues of $31.6 billion beat the Zacks Consensus Estimate of $30.62 billion and rose 15% year over year. EPS of $1.21 topped the Zacks Consensus Estimate of $1.13 and increased 34% from the prior-year quarter. 

The more important takeaway was the outlook. Chief financial officer Alastair Borthwick said Bank of America now expects full-year 2026 net interest income growth at the upper end of its 6% to 8% range, supported by loan and deposit growth, fixed-rate asset repricing and balance sheet optimization.

Borthwick also said the company’s banking book remains asset sensitive, while a 100-basis point parallel shift above the forward curve would add about $1 billion of NII over the next 12 months. That gave investors a clearer sense of the embedded earnings lift management still sees in the core franchise.

Bank of America Defends Deposit StrategyA KBW analyst pressed management on deposit pricing and whether BAC could keep outperforming peers in a higher-for-longer setting. Borthwick’s answer centered on client mix rather than rate competition. He said the company is prioritizing operating accounts and relationship deposits, not chasing rate-sensitive balances.

That response aligned with the quarter’s balance sheet trends. Average deposits rose to $2.02 trillion, the 12th straight quarter of sequential growth, while average loans and leases increased 8% from a year earlier to $1.22 trillion. Average consumer deposits were $957 billion, and Moynihan said spending trends strengthened during the quarter.

Management also sounded constructive on the second-half loan demand. In Q&A, Borthwick said commercial growth remains healthy and card balances are moving toward management’s target pace, reinforcing the view that NII growth is being driven by underlying business activity rather than a temporary market tailwind.

BAC Keeps Leaning Into Operating LeverageMoynihan and Borthwick repeatedly returned to operating leverage as one of the quarter’s defining features. The bank posted 6.6% operating leverage in the quarter, while the efficiency ratio improved 359 basis points from a year ago to 59%.

Borthwick said first-half 2026 operating leverage exceeded 450 basis points, leading management to lift its full-year expectation to 300-400 basis points from prior commentary of more than 200 basis points. He cautioned that second-half comparisons get harder because NII and investment banking were already accelerating in the back half of 2025.

A Bernstein analyst and a Citi analyst both tested whether that leverage outlook implied underinvestment. Moynihan rejected that framing, saying Bank of America is still investing heavily in financial centers, marketing, rewards, digital capabilities and AI, while productivity gains are helping offset some of that spending.

Bank of America Highlights AI and Segment BreadthManagement treated AI as a practical productivity story, not a separate growth narrative. Moynihan said more than 200,000 employees are using AI-enabled capabilities, generating over 400,000 prompts a day, with 300-plus approved AI use cases and 114 live generative AI use cases.

That message was tied directly to execution inside the businesses. Consumer Banking posted 10% net income growth, Global Wealth and Investment Management delivered 42% net income growth on record revenues, Global Banking benefited from a 50% jump in total corporation investment banking fees and Global Markets produced its 17th consecutive quarter of year-over-year sales and trading revenue growth.

In Q&A, management also linked AI enthusiasm to underwriting discipline. Moynihan said the bank is evaluating how AI affects borrowers and industries while also using the technology internally to improve speed, consistency and client coverage. That kept the tone measured even as executives sounded upbeat on the long-term opportunity.

BAC Leaves an Upbeat But Disciplined ToneThe call ended with a management team emphasizing breadth, not a single standout line item. Moynihan pointed to resilient consumers, healthy commercial activity, strong capital markets pipelines and continued capital returns, including $8 billion returned to its shareholders in the quarter through dividends and repurchases.

Borthwick’s closing tone was similarly disciplined. He described activity as healthy across lending, payments, wealth, investment banking and markets, while maintaining that credit quality remains stable and the balance sheet remains a source of strength.

Zacks Signals for Bank of AmericaBAC currently carries a Zacks Rank #3 (Hold) with a Value Score of C, Growth Score of C, Momentum Score of A and VGM Score of B. Under the Zacks framework, the rank is the first screen because earnings estimate revisions are the most important driver, while Style Scores help refine opportunity by value, growth and momentum characteristics.

That combination points to balanced style characteristics with stronger momentum than value or growth at the moment. The VGM Score of B is constructive, but the Style Score framework is most favorable when paired with Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks. A Zacks Rank can change after earnings as analyst estimate revisions move in response to the just-reported results. You can see the complete list of today’s Zacks #1 Rank stocks here.

14.7.2026 14:13, BAC

Americká banka Bank of America zveřejnila výsledky hospodaření za druhé čtvrtletí roku 2026. Výnosy i zisk na akcii překonaly odhady analytiků, přičemž výrazně nad očekáváním skončily zejména výnosy z obchodování s akciemi bez vlivu DVA. Růst byl podpořen vyššími čistými úrokovými výnosy, silnou aktivitou v obchodování a vyššími poplatky z investičního bankovnictví.

Výsledky společnosti Bank of America (BAC) za 2Q 2026   2Q 2026 Konsensus 2Q 2026 2Q 2025 Výnosy (mld. USD) 31,56 30,49 27,44 Čistý zisk (mld. USD) 9,07 -- 7,17 Zisk na akcii (EPS, USD/akcie) 1,21 -- 0,90 Výsledky za 2Q Výnosy meziročně vzrostly o 15 % na 31,56 mld. USD, nad odhadem 30,49 mld. USD.

Čisté úrokové výnosy dosáhly 16,00 mld. USD (+9 % meziročně) a překonaly odhad 15,92 mld. USD. Čistá úroková marže dosáhla 2,08 %, v souladu s odhadem.

Čisté úrokové výnosy, zdroj: Bank of America

Výnosy z obchodování (bez DVA) dosáhly 7,16 mld. USD, výrazně nad odhadem 6,21 mld. USD. Z toho výnosy z obchodování dluhopisů, měn a komodit (FICC) činily 3,54 mld. USD (odhad: 3,53 mld. USD), zatímco výnosy z obchodování s akciemi dosáhly 3,62 mld. USD a výrazně překonaly odhad 2,69 mld. USD.

Celkové výnosy ze správy majetku a investic dosáhly 6,87 mld. USD, nad odhadem 6,61 mld. USD.

Výnosy z investičního bankovnictví činily 2,14 mld. USD a překonaly odhad 1,87 mld. USD. Poradenské poplatky dosáhly 558 mil. USD (odhad: 540,6 mil. USD), výnosy z dluhového financování 1,11 mld. USD (odhad: 958,7 mil. USD) a výnosy z akciového financování 535 mil. USD (odhad: 410,6 mil. USD).

Náklady na riziko (tvorba opravných položek) činily 1,37 mld. USD, pod odhadem 1,51 mld. USD. Čisté odpisy úvěrů dosáhly 1,41 mld. USD, mírně pod odhadem 1,43 mld. USD.

Náklady na riziko (tvorba opravných položek), zdroj: Bank of America

Personální náklady činily 10,99 mld. USD, pod odhadem 11,08 mld. USD. Celkové nepersonální náklady dosáhly 18,63 mld. USD, nad odhadem 18,35 mld. USD.

Rentabilita vlastního kapitálu (ROE) činila 12,7 % (odhad: 11,9 %), rentabilita aktiv (ROA) dosáhla 1,03 % (odhad: 0,96 %) a rentabilita hmotného kapitálu (ROTCE) činila 17 % (odhad: 15,9 %).

Objem úvěrů dosáhl 1,22 bil. USD, v souladu s odhadem. Celkové vklady činily 2,03 bil. USD, mírně pod odhadem 2,05 bil. USD.

Celkové úvěry a leasingy, zdroj: Bank of America

Kapitálový poměr CET1 dosáhl 12,5 %, v souladu s odhadem. Standardizovaný CET1 poměr činil 11,2 %, rovněž v souladu s odhadem.

Komentář CEO „Byl to jeden z našich nejsilnějších kvartálů, se ziskem na akcii vyšším o 34 % meziročně. Každý obchodní segment vykázal dvouciferný růst čistého zisku a silnou návratnost kapitálu. Výnosy vzrostly o 15 % oproti loňskému roku, jak jsme prohlubovali vztahy se stávajícími klienty a získávali nové. Byl to zároveň výjimečný kvartál pro naše segmenty zaměřené na trhy, kdy poplatky z investičního bankovnictví vzrostly o 50 % meziročně. V krátkodobém horizontu zůstává poptávka silná a komerční půjčování se zrychlilo. Disciplinované řízení nákladů spolu s investicemi do růstu pomohlo dosáhnout provozní páky 6,6 % a zlepšení efektivity o zhruba 360 bazických bodů oproti loňskému roku. Do budoucna se nadále soustředíme na to, co umíme nejlépe – sloužit klientům v každé fázi jejich finančního života,“ uvedl Brian Moynihan, předseda představenstva a generální ředitel Bank of America.

Návrat kapitálu akcionářům Společnost za druhé čtvrtletí vrátila akcionářům celkem 8,0 mld. USD, z toho 2,0 mld. USD formou dividend a 6,0 mld. USD prostřednictvím zpětného odkupu akcií.

Akcie Bank of America Akcie Bank of America (BAC) v předburzovní fázi obchodování klesají o 1,18 % na 58,80 USD.

Akcie Bank of America Corp (BAC) před výsledky uzavřely na 59,5 USD Ukazatel   Ukazatel   Kapitalizace (mld. USD) 422,2 P/E 13,7 Vývoj za letošní rok (%) +8,2 Očekávané P/E 13,2 52týdenní minimum (USD) 44,8 Prům. cílová cena (USD) 64,9 52týdenní maximum (USD) 60,8 Dividendový výnos (%) 1,9 Zdroj: Bank of America, Bloomberg

Michal Šnobl, Fio banka, a.s.

Wall Street analysts forecast that Bank of America (BAC - Free Report) will report quarterly earnings of $1.13 per share in its upcoming release, pointing to a year-over-year increase of 27%. It is anticipated that revenues will amount to $30.62 billion, exhibiting an increase of 15.7% compared to the year-ago quarter.

Over the last 30 days, there has been an upward revision of 1.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

That said, let's delve into the average estimates of some Bank of America metrics that Wall Street analysts commonly model and monitor.

According to the collective judgment of analysts, 'Efficiency Ratio (FTE basis)' should come in at 59.8%. The estimate compares to the year-ago value of 64.6%.

Analysts forecast 'Total earning assets - Average balance' to reach $3121.38 billion. The estimate compares to the year-ago value of $3050.21 billion.

The combined assessment of analysts suggests that 'Book value per share of common stock' will likely reach $39.22 . Compared to the present estimate, the company reported $37.13 in the same quarter last year.

The collective assessment of analysts points to an estimated 'Total nonperforming loans and leases' of $6.68 billion. Compared to the current estimate, the company reported $5.98 billion in the same quarter of the previous year.

It is projected by analysts that the 'Tier 1 Capital Ratio' will reach 12.5%. Compared to the present estimate, the company reported 12.8% in the same quarter last year.

The consensus among analysts is that 'Total nonperforming loans, leases and foreclosed properties' will reach $6.78 billion. Compared to the present estimate, the company reported $6.10 billion in the same quarter last year.

Based on the collective assessment of analysts, 'Tier 1 Leverage Ratio' should arrive at 6.5%. Compared to the present estimate, the company reported 6.7% in the same quarter last year.

The consensus estimate for 'Net Interest Income- Fully taxable-equivalent basis' stands at $16.24 billion. Compared to the present estimate, the company reported $14.82 billion in the same quarter last year.

Analysts' assessment points toward 'Total Noninterest Income' reaching $14.76 billion. Compared to the present estimate, the company reported $11.79 billion in the same quarter last year.

Analysts expect 'Investment and brokerage services' to come in at $5.47 billion. The estimate compares to the year-ago value of $4.78 billion.

The average prediction of analysts places 'Investment banking fees' at $1.96 billion. Compared to the current estimate, the company reported $1.43 billion in the same quarter of the previous year.

Analysts predict that the 'Total fees and commissions' will reach $10.73 billion. Compared to the current estimate, the company reported $9.47 billion in the same quarter of the previous year.

View all Key Company Metrics for Bank of America here>>>

Over the past month, Bank of America shares have recorded returns of +6.9% versus the Zacks S&P 500 composite's +1.1% change. Based on its Zacks Rank #3 (Hold), BAC will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Bank of America (BAC +0.23%), the second-largest bank in the U.S. by assets, hit a new all-time high today, with the stock topping $60 per share.

Many large bank stocks have had a good year thus far, particularly the investment banks, which have benefited from some massive artificial intelligence initial public offerings.

However, some of the money-center banks, such as Bank of America, have not performed as well. The stock is up about 7.5%, trailing the broader market S&P 500 Index and the Nasdaq Bank Index.

Here’s what it means ahead of second-quarter earnings.

Image source: Getty Images.

Overcoming challengesBank of America is viewed as a high-quality banking franchise, with the number one consumer bank, and strong franchises in investment banking, trading, wealth management, and commercial lending.

The Iran war, which has led to higher inflation and higher bond yields, may have derailed some of its momentum because investors are now worried about persistent inflation and whether the Federal Reserve will need to raise interest rates to ensure price stability.

Higher rates can put pressure on the credit profiles of consumers and businesses and stymie lending and investment banking activity.

Bank of America has also long grappled with balance sheet issues that stem from the pandemic, when the bank loaded up on low-yielding, long-duration bonds.

Today's Change

(

0.23

%) $

0.14

Current Price

$

60.04

The bank has nearly $915 billion in bonds still yielding 2.77%, which is depressing earnings somewhat.

Furthermore, the bank locked in nearly $515 billion of bonds into its held-to-maturity folder that are still carrying an unrealized $81 billion loss.

While Bank of America will be able to hold these bonds to maturity and avoid taking these paper losses, it’s still a drag on earnings. Higher rates would likely exacerbate the paper losses as well.

The good news is that Bank of America is just coming off one of its strongest quarters in a while in the first quarter of 2026, having delivered a 16% return on tangible common equity (ROTCE).

Net interest income, the spread revenue banks make on their lending and bond portfolios after paying funding costs, has been building in recent quarters.

Investment banking should be strong as well, given that Bank of America served as one of the five main bookrunners on the massive Space Exploration Technologies (SPCX 5.80%) IPO.

How investors should think about earningsBank of America will report its second-quarter earnings next week on July 14.

Wall Street analysts’ consensus estimates suggest the bank will report revenue of $30.58 billion and earnings per share of $1.14. That implies slight growth from the first quarter, but certainly nothing heroic.

This is not a huge surprise because large banks are mature companies at this point.

Investors will need to see the company beat estimates for the stock to rise, and credit quality, investment banking fees, and net interest income trends will also be top of mind for the market.

With Bank of America trading at a price-to-tangible-book ratio over 2x and near 10-year highs, earnings misses or minor concerns could lead to selling pressure, given the elevated valuation.

BAC Price to Tangible Book Value data by YCharts

That said, I still think Bank of America is a decent long-term investment.

Continued improvements in ROTCE can lead to a higher valuation over time, and eventually the bond portfolio will run off, boosting the company’s earnings power.

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly Purchase Licensing Rights, opens new tab

CompaniesJune 29 (Reuters) - The U.S. Securities and Exchange Commission fined Bank ​of America's (BAC.N), opens new tab Merrill Lynch unit $7.5 million on Monday ‌for failing to file numerous reports meant to flag money laundering and other suspicious client activity.

Merrill neither admitted nor denied ​wrongdoing in accepting the civil fine over ​failures to file numerous suspicious activity reports (SARs) from ⁠April 2020 to September 2024.

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The case stemmed from Merrill's ​reliance on Bank of America's transaction monitoring software to ​comply with the federal Bank Secrecy Act, which requires broker-dealers to file SARs with the U.S. Treasury Department’s Financial Crimes ​Enforcement Network.

According to the SEC, the software aggregated potentially ​suspicious events into "event groups" and assigned them "risk scores."

The SEC said Merrill ‌investigated ⁠only event groups with risk scores of at least 20 for possible SAR filings, even though its internal analyses showed that some event groups with risk ​scores below 20 ​would trigger ⁠SAR filings if investigated.

Merrill cooperated with the SEC probe, and filed numerous SARs ​after lowering the threshold for internal reviews ​of ⁠suspicious events, the regulator said.

In a statement, Charlotte, North Carolina-based Bank of America said it maintains rigorous anti-money laundering ⁠practices, ​and continually reviews its anti-money ​laundering systems to detect and report suspicious activity.

Reporting by Jonathan Stempel in ​New York. Editing by Mark Potter and Chizu Nomiyama

Our Standards: The Thomson Reuters Trust Principles., opens new tab