TD Cowen starts coverage of Bank of America stock with USD 60 target
Published on 10/09/2026 at 15:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- TD Cowen initiated coverage on October 8, 2026 with a Hold rating and a USD 60.00 target.
- Bank of America stock was at EUR 47.88 at Lang & Schwarz on October 9, 2026, plus 1.01 percent versus EUR 47.40.
- Second-quarter 2026 net income reached USD 9.07 billion, up 26.60 percent year over year.
- Third-quarter 2026 results are scheduled for October 14, 2026.
Bank of America (ISIN US0605051046) was trading at EUR 47.88 at Lang & Schwarz on October 9, 2026 at 3:20 p.m. CEST, up 1.01 percent versus the EUR 47.40 prior close of October 8, 2026. The latest catalyst is TD Cowen's October 8 initiation of coverage with a Hold rating and a USD 60.00 price target, as MarketBeat reported.
Three target signals since September
Analyst targets have moved in different directions. MarketBeat said Jefferies cut its target from USD 75.00 to USD 70.00 on September 24, 2026. Evercore then set a USD 62.00 target on October 1, 2026, according to MarketBeat.
The October 8 TD Cowen call added a USD 60.00 target and a Hold rating. MarketBeat also listed 19 Buy ratings and seven Holds, with a USD 64.22 average target, giving the current target landscape a clear spread rather than a single consensus view.
What does the USD 60 target imply?
MarketBeat said TD Cowen's target implied 13.21 percent upside from the prior close. That comparison uses the NYSE share price in USD, not the EUR 47.88 Lang & Schwarz reference price, so the two venues should not be combined into one return calculation.
Results arrive on October 14
Yahoo Finance reported that Bank of America will release third-quarter 2026 results on October 14, 2026 at approximately 6:45 a.m. ET, followed by an investor call at 8:30 a.m. ET. The scheduled report gives the USD 60.00 target an immediate test through earnings and management commentary.
In the second quarter of 2026, Bank of America reported USD 9.07 billion in net income and diluted earnings per share of USD 1.21. Revenue reached USD 31.56 billion, up 19.60 percent year over year, while earnings per share exceeded the USD 1.13 consensus estimate by USD 0.08, according to MarketBeat.
Bank of America stock and the current quote
On the NYSE, BAC was last at USD 53.61 on October 8, 2026 at 4:00 p.m. ET. Its 52-week range was USD 46.12 to USD 65.23, while market capitalization stood at USD 380.4 billion on October 8, 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 9, 2026, 3:20 p.m. CEST: EUR 47.88
- Change versus prior close: plus 1.01 percent
- Prior close Lang & Schwarz October 8, 2026: EUR 47.40
- Market capitalization: USD 380.4 billion as of October 8, 2026
- 52-week range: USD 46.12-65.23 as of October 8, 2026
- Sector / Industry: Financial Services / Banks - Diversified
- Next earnings date: October 14, 2026
Market context: Market report S&P 500.
