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

Published on 10/20/2026 at 16:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

52-week range is USD 46.12 to USD 65.23. Bank of America stock costs EUR 45.56 on October 20, 2026, up 1.69 percent versus Tradegate.

Analyst target and bank valuation

TD Cowen lowered its Bank of America target from USD 60.00 to USD 56.00 on October 15, 2026.
Bank of America reported USD 30.0 billion in third-quarter revenue and USD 6.9 billion in net income on October 14, 2026.
Bank of America stock costs EUR 45.56 at Lang & Schwarz on October 20, 2026 at 4:30 p.m. CEST, 1.69 percent above the Tradegate close of October 19, 2026.
The bank's 52-week USD range is USD 46.12 to USD 65.23 as of October 20, 2026.

Fotorealistisches Hochhaus einer Großbank in Charlotte bei Sonnenuntergang — Bank of America Corp. Hauptquartier als modernes Glasgebäude bei goldenem Abendlicht, ISIN US0605051046, Illustration mit AI erstellt.

TD Cowen lowered its price target for Bank of America from USD 60.00 to USD 56.00 on October 15, 2026, while keeping a Hold rating, MarketBeat reported. The target is 9.48 percent above the USD 51.15 NYSE price at 10:33 a.m. EDT on October 20, 2026. Bank of America stock was trading at EUR 45.56 at Lang & Schwarz on October 20, 2026 at 4:30 p.m. CEST, 1.69 percent above the Tradegate close of October 19, 2026.

Target cut follows mixed quarter

The target revision followed Bank of America's third-quarter results, published on October 14, 2026. The bank reported USD 30.0 billion in revenue, up 3.00 percent year over year, while net income reached USD 6.9 billion and diluted earnings per share came to USD 0.91, according to the company's filing.

Bank of America said a USD 1.2 billion regulatory settlement charge reduced quarterly earnings by USD 0.17 per share. Excluding that charge, adjusted net income was USD 8.1 billion and adjusted earnings per share was USD 1.08.

Stock stays above its yearly low

Bank of America stock's 52-week range was USD 46.12 to USD 65.23 as of October 20, 2026. The USD 51.15 NYSE price stood 11.28 percent above the low and 21.59 percent below the high, while the price-to-earnings ratio was 12.23 and market capitalization was USD 357.6 billion.

How does valuation compare?

Bank of America: up 1.50 percent, P/E 12.23, market capitalization USD 357.6 billion.
JPMorgan Chase: up 1.66 percent, P/E 14.25, market capitalization USD 901.3 billion.
Wells Fargo: up 0.50 percent, P/E 11.55, market capitalization USD 248.6 billion.

Citigroup traded at a P/E of 12.06 and had a market capitalization of USD 207.0 billion on October 20, 2026. The comparison puts Bank of America's valuation between Wells Fargo and JPMorgan Chase, while its target range remains the immediate analyst reference.

Trading level and next reference

The next scheduled quarterly reporting date cited by the company's events page is January 15, 2027, before the open. The October 14 earnings call remains available through October 23, 2026, according to Bank of America.

Bank of America operates consumer banking, wealth management, commercial banking, investment banking and markets businesses. The current setup combines a lower TD Cowen target with revenue growth and a regulatory charge that materially reduced reported earnings.

Euro quote holds above Tradegate close

Bank of America stock was trading at EUR 45.56 at Lang & Schwarz on October 20, 2026 at 4:30 p.m. CEST, 1.69 percent above the Tradegate close of October 19, 2026 at EUR 44.81. The further course of trading is shown by the continuously updated real-time quote of Bank of America stock.