JPMorgan keeps Bank of America stock Overweight at USD 72.00

Published on 10/06/2026 at 17:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut third-quarter earnings per share to USD 1.12. Bank of America stock was last at EUR 48.10 at Tradegate on October 5, 2026, up 0.70 percent.

Schwarzweißfoto einer klassischen Bankfiliale mit Marmorboden und Kunden — Bank of America Corp. dokumentarisch in Schwarzweiß – Bankschalter mit Kunden, ISIN US0605051046, Illustration mit AI erstellt.

Bank of America (ISIN US0605051046) was last at EUR 48.10 at Tradegate on October 5, 2026, up 0.70 percent versus the EUR 47.77 prior close. On October 6, 2026, JPMorgan reiterated its Overweight rating and USD 72.00 price target, according to Investing.com.

Estimates point to a softer quarter

JPMorgan lowered its third-quarter 2026 earnings per share estimate to USD 1.12 from USD 1.16, while consensus stood at USD 1.11, Investing.com reported. The estimate cut is a concrete counterweight to the unchanged rating and gives the October 14 results a sharper earnings test.

The same analysis expects net interest income to increase quarter over quarter in the third quarter of 2026, while investment banking fees are forecast to fall 10.00 percent to 15.00 percent. Wealth management fees are projected to rise 10.00 percent to 15.00 percent, creating a mixed revenue setup ahead of the report.

Second-quarter base remains substantial

Bank of America reported USD 31.60 billion of revenue net of interest expense, USD 9.10 billion of net income, USD 1.21 of diluted earnings per share and a 17.00 percent return on tangible common equity for the quarter ended June 30, 2026, according to its Investor Relations page. Net income in the second quarter exceeded the USD 8.58 billion reported for the first quarter in the same 2026 financial series, a 5.71 percent sequential increase.

The next reporting date is October 14, 2026, when Bank of America will publish third-quarter results before the investor conference call, Morningstar reported on September 30, 2026. The release is scheduled for 6:45 a.m. ET, with the call at 8:30 a.m. ET.

Target remains above the market

JPMorgan's USD 72.00 target sits above the USD 54.02 NYSE quote from October 6, 2026 at 11:13 a.m. ET, while the stock's USD 46.12 to USD 65.23 52-week range frames the valuation in a broader trading band. Bank of America had a market capitalization of USD 383.30 billion as of October 6, 2026.

Bank of America was last at EUR 48.10 at Tradegate on October 5, 2026 at 10:15 a.m. CEST, plus 0.70 percent versus the Tradegate close of EUR 47.77 on October 2, 2026. Price source: substitute price Tradegate, Lang & Schwarz without data set.