TD Cowen sets USD 60.00 target for Bank of America stock
Published on 10/14/2026 at 15:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and valuation
- TD Cowen set a USD 60.00 target and a Hold rating for Bank of America on October 8, 2026, putting the target 20.68 percent above the home-market price.
- Nineteen analysts rate Bank of America Buy and seven rate it Hold.
- Bank of America stock costs EUR 44.91 at Lang & Schwarz on October 14, 2026 at 3:14 p.m. CEST, down 7.88 percent on the NYSE.
- Bank of America has a P/E ratio of 12.46 and a market capitalization of USD 352.8 billion as of October 14, 2026.
On October 8, 2026, TD Cowen initiated coverage of Bank of America with a Hold rating and a USD 60.00 price target, according to MarketBeat. Against the USD 49.71 NYSE quote at 9:30 a.m. ET on October 14, 2026, that target lies 20.68 percent above the share price. Bank of America was trading at EUR 44.91 at Lang & Schwarz on October 14, 2026 at 3:14 p.m. CEST, down 7.88 percent on the NYSE.
Analyst support remains broad
The TD Cowen call adds a neutral view to a wider group of ratings. MarketBeat reported that 19 analysts assigned Buy ratings and seven assigned Hold ratings, with a consensus target of USD 64.22. The consensus target is a separate benchmark from TD Cowen's USD 60.00 view and places the average target 29.19 percent above the USD 49.71 NYSE quote.
For investors, the spread between the neutral TD Cowen rating and the broader Buy majority is the most useful distinction. The market is weighing a target that remains above the share price against a rating that does not call for an outright positive stance.
Stock sits above its yearly low
The NYSE quote of USD 49.71 stood above the 52-week low of USD 46.12 and below the 52-week high of USD 65.23 on October 14, 2026. The price was 7.79 percent above the low and 23.79 percent below the high, while the USD 352.8 billion market capitalization and P/E ratio of 12.46 place the stock within a large-cap banking comparison.
Bank of America also reported its third-quarter 2026 results on October 14, 2026, with the release distributed through PR Newswire. The release identifies Bank of America Corporation as listed on the New York Stock Exchange under BAC, keeping the analyst target anchored to the primary listing.
Comparison with peers
Bank of America: down 7.88 percent, P/E 12.46, market capitalization USD 352.8 billion
JPMorgan Chase (NYSE, USD): down 1.13 percent, P/E 13.90, market capitalization USD 878.0 billion
Citigroup (NYSE, USD): down 1.70 percent, P/E 12.15, market capitalization USD 209.9 billion
Price and valuation remain separate
The euro quote and the NYSE move describe different trading venues, so the EUR 44.91 Lang & Schwarz price is presented separately from the USD 49.71 NYSE quote and its 7.88 percent daily decline. The distance to the USD 65.23 yearly high remains 23.79 percent, while TD Cowen's USD 60.00 target offers a nearer benchmark for the current valuation.
The further course of trading is shown by the continuously updated real-time quote of Bank of America stock.
Bank of America market data
- Company: Bank of America Corporation
- ISIN: US0605051046
- Ticker: BAC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 14, 2026, 3:14 p.m. CEST): EUR 44.91
- Change on the NYSE: minus 7.88 percent
- NYSE quote: USD 49.71 at 9:30 a.m. ET on October 14, 2026
- 52-week range: USD 46.12-65.23 as of October 14, 2026
- Market capitalization: USD 352.8 billion as of October 14, 2026
- P/E ratio: 12.46 as of October 14, 2026
- Sector: Financials
Market context: Market report S&P 500.
