Bank of America stock faces mixed targets before Q3 results

Published on 10/06/2026 at 13:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America stock posted Q2 net income of USD 9.07 billion, up 26.6 percent year over year. UBS cut its target to USD 67 while JPMorgan set USD 72 and lowered its Q3 EPS estimate to USD 1.12.

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Bank of America stock (ISIN US0605051046) was last at USD 54.00 on the NYSE on October 5, 2026, with a daily gain of 0.47 percent. UBS cut its price target from USD 70.00 to USD 67.00 while keeping a Buy rating, according to Markets Insider on October 5, 2026.

Targets point in different directions

JPMorgan reiterated an Overweight rating and a USD 72.00 target on October 6, 2026, while cutting its Q3 2026 EPS estimate to USD 1.12 from USD 1.16 and comparing it with consensus of USD 1.11, as Investing.com reported.

MarketBeat reported on October 2, 2026, that 20 analysts rated the shares Buy and six rated them Hold, producing a Moderate Buy consensus with an average target of USD 63.91. That average target lies 18.4 percent above the USD 54.00 last price, creating a quantified gap between the consensus view and the market quote, according to MarketBeat.

Q2 earnings set the comparison

For the quarter ended June 30, 2026, Bank of America reported USD 31.6 billion in revenue, USD 9.1 billion in net income, USD 1.21 in diluted earnings per share and a 17.0 percent return on tangible common equity, according to Bank of America.

Financial Report Insights put the quarter at USD 31.56 billion of revenue, up 15.0 percent year over year, and USD 9.07 billion of net income, up 26.6 percent; diluted EPS rose 34.4 percent to USD 1.21 from USD 0.90, according to Financial Report Insights.

October 14 is the next checkpoint

Bank of America is scheduled to release third-quarter 2026 results on October 14, 2026, according to its investor-relations calendar. The same date is also listed for the earnings conference call in the company calendar, giving investors a defined checkpoint for the competing target views.

Yahoo Finance reported that analysts forecast Q3 adjusted EPS of USD 1.17, up 10.4 percent from USD 1.06 in the prior-year quarter. JPMorgan is more cautious on the near-term mix, forecasting investment-banking fees down 10 percent to 15 percent while pointing to full-year net interest income growth at the upper end of the 6 percent to 8 percent range, according to Yahoo Finance and Investing.com.

Stock remains below its yearly high

Bank of America stock was last at USD 54.00 on the NYSE on October 5, 2026, versus a 52-week range of USD 46.12 to USD 65.23. Its market capitalization was USD 383.2 billion and trading volume was 34,268,492 shares, while the last price stood 17.2 percent below the yearly high.