NYSE:BAC

Bank of America Slips Despite Truist Price Target Increase

Bank of America (NYSE: BAC) shares slipped 0.5% on Friday even as Truist Financial raised its price target on the banking giant to $64 from $61, while maintaining a *Buy* rating.

The higher target reflects Truist's confidence in Bank of America's earnings outlook, supported by its strong consumer banking franchise, improving net interest income prospects, and resilient capital position. The reaffirmed Buy rating signals the firm's expectation that the bank remains well-positioned to benefit from a favorable operating environment.

Although the stock ended Friday slightly lower, the analyst's price target increase underscores continued optimism about Bank of America's long-term growth potential. With the new target implying meaningful upside from current levels, Wall Street remains constructive on the bank's outlook despite recent market weakness.
Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.28 per share, payable on June 26, 2026 to shareholders of record as of June 5, 2026.

Bank of America Declares Preferred Stock Dividends Payable in May and June 2026

Bank of America Declares Preferred Stock Dividends Payable in May and June 2026. Details are at the link ...

(newsroom.bankofamerica.com)
Charlotte, April 15, 2026 — Bank of America reported first-quarter 2026 net income of $8.6 billion, with earnings per share rising 25% year-over-year to $1.11, supported by solid revenue growth and strong client activity.

Revenue increased 7% to $30.3 billion, driven by higher net interest income, which rose 9% to $15.7 billion, along with double-digit growth in trading, investment banking, and asset management fees. The bank highlighted continued momentum in consumer spending and stable asset quality, pointing to a resilient U.S. economy.

Across business segments, consumer banking generated $3.1 billion in profit on $11.0 billion in revenue, while global wealth and investment management earned $1.3 billion as client balances climbed to $4.6 trillion. Global banking delivered $2.1 billion in net income with investment banking fees up 21%, and global markets posted $2.0 billion in profit, supported by a 13% increase in trading revenue.

The bank maintained a strong balance sheet, with average deposits exceeding $2 trillion and loans growing 9% year-over-year. It returned $9.3 billion to shareholders through dividends and share buybacks during the quarter.
Bank of America to Report First Quarter 2026 Financial Results on April 15
Bank of America Corporation announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of series of preferred stocks.
Bank of America Corporation announced that the Board of Directors declared a regular quarterly cash dividend on common stock of $0.28 per share, payable on March 27, 2026 to shareholders of record as of March 6, 2026.

The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on April 24, 2026 to shareholders of record as of April 10, 2026.
Bank of America Declares Preferred Stock Dividends Payable in February and March 2026
Bank of America reported fourth-quarter and full-year 2025 results, posting Q4 net income of $7.6 billion, up from $6.8 billion a year earlier, with earnings per share rising 18% year on year to $0.98. Quarterly revenue increased 7% to $28.4 billion, supported by higher net interest income, asset management fees, and solid sales and trading performance.

For full-year 2025, Bank of America generated net income of $30.5 billion and EPS of $3.81, both up 19% from 2024. Net interest income grew 10% year on year to $15.8 billion in the fourth quarter, while credit quality improved, with provisions for credit losses declining and net charge-offs falling. The bank also returned $8.4 billion to shareholders during the quarter through dividends and share repurchases.

All major business segments reported profits in the quarter, led by Consumer Banking with net income of $3.3 billion, followed by Global Banking at $2.1 billion, Global Wealth and Investment Management at $1.4 billion, and Global Markets at $1.0 billion. CEO Brian Moynihan said the results capped a strong year, citing resilient consumers and businesses, improved efficiency, and confidence in maintaining momentum into 2026.
Bank of America Corporation announced that it will redeem the full $3.0 billion outstanding amount of its 5.080% Fixed/Floating Rate Senior Notes due January 2027 on January 20, 2026. The notes will be redeemed at 100% of principal plus accrued and unpaid interest up to, but excluding, the redemption date, after which interest will cease to accrue.
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