Key Stats for Bank of America Stock
- Price change for Bank of America stock in last 6 months: 1%
- $BAC Stock Price as of Oct. 13: $54
- 52-Week High: $65
- $BAC Stock Price Target: $67
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What Happened?
Bank of America (BAC) is dealing with a string of senior banker exits, and the latest is Amy Lissauer, one of its most senior female executives.
She is leaving for JPMorgan Chase, according to a Reuters report that cites people familiar with the matter.
CEO Brian Moynihan and Faiz Ahmad, co-head of global investment banking, tried to keep her but failed.
A person familiar with the matter said JPMorgan’s pay package was one BofA felt it could not match. Lissauer is known for defending companies against activist investors.
Co-head of global investment banking Mike Joo and tech banker Ed Liu also left BofA in early August.
Earlier, tech dealmaker Kevin Brunner and M&A co-head David Fishman said they would join JPMorgan.
Executives held a staff meeting on August 10 to calm nerves. More than 50 people were invited and staff were told the bank is committed to climbing the league tables.
A memo from Matthew Koder said the bank welcomed more than 40 new managing directors this year.
Some bankers also complained about pay, saying BofA’s bonus structure, which defers more pay in some cases, gives rivals room to poach.
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What the Market Is Telling Us About Bank of America Stock
The report did not include any share price reaction. So there is no clear read on how Bank of America stock moved.
According to Dealogic, Bank of America ranked fourth in global investment banking fees for 2025 and 2026.
Morgan Stanley moved ahead into third place, while BofA held third place in 2022, 2023 and 2024.
Still, the underlying business is healthy.
Bank of America posted its second-highest investment banking fees ever in the first half of the year.
On its second-quarter call, it said investment banking fees rose 50% to more than $2.1 billion.
Total revenue rose 15% to $31.6 billion. EPS rose 34% to $1.21.
BofA also says it led $818 billion of AI-related financings since January, about 59% of the total. It says senior hires have outpaced departures.
For now, strong earnings are driving Bank of America stock. The talent drain is a risk worth watching. The key question is whether more bankers leave during a deal boom.
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So what is Bank of America stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
