Bank of America Corporation (BAC), boasting a\u00a0market capitalization of $376.1 billion,\u00a0is one of the largest financial institutions in the world, offering a broad range of banking, investment, and financial services. Headquartered in Charlotte, North Carolina, the bank\u00a0serves a broad spectrum of clients, including individual consumers, small to large businesses, institutional investors, corporations, and government entities.<\/p>\n
BAC stock has slightly outperformed the broader market over the past 52 weeks.\u00a0BAC has gained 32.6%\u00a0over this time frame, while the broader S&P 500 Index ($SPX) has\u00a0rallied 29.8%. However, in 2026, shares of BAC are down 4.3%, compared to SPX’s 4.8% gains.<\/p>\n
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Zooming in further, BAC has surpassed the S&P Bank ETF SPDR’s (KBE)\u00a028% gains\u00a0over the past 52 weeks but has trailed the ETF\u2019s 6.1% rise in this year.<\/p>\n On Apr. 23,\u00a0Bank of America announced a\u00a0quarterly common dividend of $0.28 per share, payable on June 26, 2026, to shareholders of record as of June 5, 2026. The board also declared a $1.75 per share dividend on its 7% Series B preferred stock, payable on July 24, 2026.<\/p>\n For the current fiscal year, ending in December, analysts expect BAC\u2019s EPS to\u00a0improve 16.8%\u00a0to $4.45 on a diluted basis. Moreover, the company has a track record of consistently beating consensus estimates in the last four quarters.<\/p>\n Among the\u00a027 analysts covering the stock, the consensus rating is a \u201cModerate Buy.\u201d That\u2019s based on 16 \u201cStrong Buy\u201d ratings, five \u201cModerate Buy,\u201d and six \u201cHolds.\u201d<\/p>\n This configuration is bearish than a month ago when there were 17 \u201cStrong Buy\u201d ratings.<\/p>\n On Apr. 16, Piper Sandler analyst R. Scott Siefers\u00a0raised the price target on Bank of America to $59 from $53 while maintaining a \u201cNeutral\u201d rating.<\/p>\n BAC\u2019s mean price target of $61.18 suggests a premium of 16.2% from the current price level. The Street-high target of $71 implies an upswing potential of 34.9%.<\/p>\n On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally\u00a0published on Barchart.com <\/i><\/p>\n<\/p><\/div>\n<\/div>\n<\/div>
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