Jefferies cuts target for Bank of America stock from USD 75 to USD 70
Published on 10/05/2026 at 13:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Bank of America stock (ISIN US0605051046) was trading at EUR 48.07 at Lang & Schwarz on October 5, 2026 at 1:42 p.m. CEST, while MarketScreener reported on September 24, 2026 that Jefferies cut its target from USD 75.00 to USD 70.00 and kept a Buy rating. The euro quote was up 0.61 percent versus the Lang & Schwarz prior close of EUR 47.78 dated October 2, 2026.
Jefferies lowers its target
The target reduction gives Bank of America a more cautious analyst reference ahead of its next earnings report, even though Jefferies retained its Buy rating. MarketScreener listed an average target of USD 68.81 from 24 analysts, with a consensus rating of Buy on September 24, 2026.
The cut also sits against a strong second-quarter operating comparison. Yahoo Finance reported that second-quarter 2026 revenue rose 15 percent year over year to USD 31.60 billion, while net income increased 27 percent to USD 9.10 billion and earnings per share reached USD 1.21.
Trading growth meets a tougher comparison
Yahoo Finance also cited 33 percent growth in second-quarter sales and trading revenue to USD 7.10 billion and a 50 percent increase in investment banking fees to USD 2.10 billion. Those figures explain why the upcoming quarter matters: a high earnings base makes another increase harder to achieve.
A separate September 14 report carried by MarketScreener said Chief Executive Brian Moynihan expected third-quarter investment banking fees to decline at least 10 percent, while sales and trading revenue was expected to remain flat. The contrast with second-quarter growth is the central earnings risk.
October 14 sets the next test
Yahoo Finance reported on September 30, 2026 that Bank of America will release third-quarter 2026 results on October 14, 2026. The company is expected to publish the results before the U.S. market opens and hold its investor call later that morning.
Bank of America had a market capitalization of USD 381.4 billion as of October 2, 2026. The combination of that scale, the USD 70.00 Jefferies target and the lower third-quarter investment-banking outlook leaves earnings execution as the next measurable test for the shares.
Bank of America quote and facts
Bank of America was trading at EUR 48.07 at Lang & Schwarz on October 5, 2026 at 1:42 p.m. CEST, plus 0.61 percent versus the prior close of EUR 47.78 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of Bank of America stock.
Bank of America stock facts
- Company: Bank of America Corporation
- ISIN: US0605051046
- Ticker: BAC
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 5, 2026, 1:42 p.m. CEST: EUR 48.07
- Change versus prior close: plus 0.61 percent
- Prior close Lang & Schwarz October 2, 2026: EUR 47.78
- Market capitalization: USD 381.4 billion as of October 2, 2026
- Sector / Industry: Financial Services / Banks - Diversified
- Next earnings date: October 14, 2026
