TD Cowen cuts Bank of America stock target from USD 60.00 to USD 56.00
Published on 10/16/2026 at 15:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings
- On October 15, 2026, TD Cowen cut its Bank of America target from USD 60.00 to USD 56.00.
- Bank of America had a 12.45 price-to-earnings ratio on October 16, 2026.
- Bank of America stock costs EUR 46.45 at Lang & Schwarz on October 16, 2026 at 3:37 p.m. CEST, plus 0.90 percent versus the Tradegate close of October 15, 2026.
- Bank of America had a USD 365.1 billion market capitalization on October 16, 2026.
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 52.21 primary-market price on October 16, 2026, the new target stood 7.26 percent higher. Bank of America stock was trading at EUR 46.45 at Lang & Schwarz on October 16, 2026 at 3:37 p.m. CEST, plus 0.90 percent versus the Tradegate close of October 15, 2026.
Valuation reaches USD 365.1 billion
Bank of America had a market capitalization of USD 365.1 billion and a price-to-earnings ratio of 12.45 on October 16, 2026. Its trailing earnings per share were USD 4.36, while the dividend yield was 2.00 percent.
Price range spans USD 46.12 to USD 65.23
The primary-market quote was USD 52.21 on October 16, 2026 at 9:51 a.m. ET, with a session range of USD 51.73 to USD 52.34. The price stood 13.21 percent above the 52-week low of USD 46.12 and 19.96 percent below the 52-week high of USD 65.23.
The contrast matters for investors: the euro quote has recovered from the October low area, but the primary-market range still places the stock well below its yearly high. Bank of America serves consumer, wealth-management, commercial-banking and markets clients, giving valuation comparisons a broad earnings base.
Comparison with peers
Bank of America (NYSE, USD): plus 0.90 percent, price-to-earnings ratio 12.45, market capitalization USD 365.1 billion.
JPMorgan Chase (NYSE, USD): plus 2.17 percent, price-to-earnings ratio 14.38, market capitalization USD 911.3 billion.
Citigroup (NYSE, USD): plus 2.57 percent, price-to-earnings ratio 12.32, market capitalization USD 212.0 billion.
Euro quote and reference level
The current euro quotation is EUR 46.45 at Lang & Schwarz on October 16, 2026 at 3:37 p.m. CEST. It was 0.90 percent above the Tradegate close of EUR 46.04 from October 15, 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 16, 2026, 3:37 p.m. CEST): EUR 46.45
- Change versus Tradegate close: plus 0.90 percent
- Tradegate close (October 15, 2026): EUR 46.04
- Market capitalization: USD 365.1 billion (as of October 16, 2026)
- 52-week range: USD 46.12-65.23 (as of October 16, 2026)
- Sector / Industry: Financial Services / Banks - Diversified
Market context: Market report S&P 500.
