Bank of America stock: TD Cowen cuts target for Bank of America stock from USD 60.00 to USD 56.00

Published on 10/19/2026 at 15:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due January 15, 2027, before the open. Bank of America stock costs EUR 45.38 on October 19, 2026, down 0.78 percent versus the Tradegate close.

Analyst target and valuation

On October 15, 2026, TD Cowen cut its Bank of America target from USD 60.00 to USD 56.00.
Results are due January 15, 2027, before the open.
Bank of America stock costs EUR 45.38 at Lang & Schwarz on October 19, 2026 at 3:15 p.m. CEST, 0.78 percent below the Tradegate close of October 16, 2026.
Bank of America had a USD 358.2 billion market capitalization and a 12.23 P/E ratio as of October 16, 2026.

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TD Cowen cut its Bank of America price target from USD 60.00 to USD 56.00 on October 15, 2026, while maintaining a hold rating, according to MarketBeat. Against the USD 51.23 primary-market close on October 16, 2026, the new target stood 9.31 percent above the share price. Bank of America stock was trading at EUR 45.38 at Lang & Schwarz on October 19, 2026 at 3:15 p.m. CEST, down 0.78 percent versus the Tradegate close of October 16, 2026.

January date sets the next marker

The next quarterly report is scheduled for January 15, 2027, before the US market opens, according to Gekko. The same page lists a consensus earnings-per-share estimate of USD 1.14 and revenue of USD 30.59 billion for that report. Those figures are expectations, not company guidance.

Stock remains near its yearly low

Bank of America closed at USD 51.23 on the NYSE on October 16, 2026. The price was within a 52-week range of USD 46.12 to USD 65.22, placing the close 21.00 percent above the low and 21.45 percent below the high. The stock had declined 11.90 percent over one month and 15.20 percent over three months as of that date.

Bank of America reported third-quarter 2026 results on October 14, 2026. Yahoo Finance said the bank recorded USD 6.93 billion in net income and USD 0.91 diluted earnings per share after a USD 1.2 billion regulatory penalty. This dated result is context rather than the current market focus.

Valuation and peer comparison

Bank of America had a USD 358.2 billion market capitalization and a 12.23 P/E ratio as of October 16, 2026. Its dividend yield was 2.00 percent, while the average analyst target cited by Gekko was USD 66.59 from 15 firms.

Comparison with peers

Bank of America: minus 0.78 percent, P/E 12.23, market capitalization USD 358.2 billion

JPMorgan Chase (NYSE, USD): plus 1.25 percent, P/E 14.25, market capitalization USD 903.0 billion

Citigroup (NYSE, USD): plus 0.84 percent, P/E 12.12, market capitalization USD 208.4 billion

Price stays below the recent close

The euro quotation was below the Tradegate close by 0.78 percent during the afternoon session. The next scheduled earnings date gives investors the next defined company calendar marker, while the lower TD Cowen target adds a dated valuation reference.

The further course of trading is shown by the continuously updated real-time quote of Bank of America stock.