TD Cowen lowers target to USD 56.00 for Bank of America stock

Published on 10/21/2026 at 10:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached USD 30.0 billion. Bank of America stock costs EUR 45.26 on October 21, 2026, while market value is USD 354.1 billion.

Third-quarter results and targets

TD Cowen lowered its Bank of America target to USD 56.00 on October 15, 2026.
Third-quarter revenue reached USD 30.0 billion, while reported net income was USD 6.9 billion.
Bank of America stock trades at EUR 45.26 at 10:50 a.m. CEST at Lang & Schwarz on October 21, 2026.
The bank's market capitalization was USD 354.1 billion as of October 20, 2026.

Editorialfoto des NYSE-Handelsparkett mit Händlern und Kursbildschirmen — Bank of America Corp. NYSE-Handelsparkett mit Händlern und Finanzcharts auf Bildschirmen, ISIN US0605051046, Illustration mit AI erstellt.

Bank of America (ISIN US0605051046) was trading at EUR 45.26 at Lang & Schwarz on October 21, 2026 at 10:50 a.m. CEST, while its market capitalization stood at USD 354.1 billion as of October 20, 2026. The latest analyst action followed third-quarter results that included a USD 1.2 billion regulatory settlement charge.

Target cut follows the results

TD Cowen lowered its Bank of America price target to USD 56.00 from USD 60.00 on October 15, 2026, while maintaining a Hold rating, as reported by Benzinga. The target cut came after the bank reported weaker trading activity and a regulatory charge in its third quarter.

Three events shaped the stock

On October 13, 2026, Bank of America recorded a USD 1.2 billion non-tax-deductible regulatory settlement charge tied to compliance orders. On October 14, 2026, the company reported third-quarter revenue of USD 30.0 billion, up 3 percent year over year, and net income of USD 6.9 billion, down from USD 8.3 billion. On October 15, 2026, TD Cowen cut its target to USD 56.00 from USD 60.00, according to Benzinga.

What does the charge mean for earnings?

The third-quarter figures show a sharp split between reported and adjusted performance. Bank of America reported adjusted net income of USD 8.1 billion and adjusted diluted earnings per share of USD 1.08 for the third quarter. Net interest income rose 8 percent to USD 16.4 billion, but sales and trading revenue fell 5 percent to USD 5.1 billion. The regulatory charge reduced diluted earnings per share by USD 0.17.

Next date for investors

The third-quarter earnings-call replay remains accessible through October 23, 2026, according to Bank of America. The company has not supplied another dated event in the materials reviewed here.

Stock context after the earnings reset

The primary listing is on the New York Stock Exchange under ticker BAC. Bank of America's USD 46.12 to USD 65.23 52-week range and USD 354.1 billion market value place the latest valuation in the context of a broader annual trading band. The earnings release also showed USD 2.2 billion in common-stock dividends and USD 6.0 billion in common-stock repurchases during the third quarter.

Lang & Schwarz quote

Bank of America stock was trading at EUR 45.26 at Lang & Schwarz on October 21, 2026 at 10:50 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Bank of America stock.