Key Stats for Bank of America Stock
- 52-Week Range: $44 to $58
- Current Price: $54
- Street Mean Target: $63
- Street High Target: $71
- Analyst Consensus: 16 Buy, 6 Outperform, 2 Hold
- TIKR Model Target (Dec. 2030): $76
Bank of America Posts 25% EPS Growth in Q1 2026 as NII Beats Expectations
Bank of America Corporation (BAC) delivered first quarter 2026 earnings that beat its own guidance, with EPS of $1.11 representing 25% growth year over year, driven by stronger-than-expected net interest income and accelerating fee revenue across every segment.
Net interest income on a fully taxable equivalent basis came in at $15.9 billion, up 9% year over year.
The result prompted management to raise its full-year NII growth outlook, shifting the guidance range from 5% to 7% to a new range of 6% to 8%.
Operating leverage hit 290 basis points in the quarter, improving the efficiency ratio from roughly 63% to 61% year over year.
The bank’s return on tangible common equity reached 16%, the high end of the 16% to 18% medium-term target range management set at its most recent investor day, and CEO Brian Moynihan flagged that the company hit that level a full year ahead of schedule.
Every business segment grew revenue, earnings, average deposits, and loans in the quarter, with Global Wealth and Investment Management up 32% in net income year over year on record first-quarter revenue of $6.7 billion.
Global Markets posted its strongest sales and trading quarter in a decade, with revenue up 12% year over year and equities delivering its best quarterly performance ever, up 30%.
Investment banking fees of $1.8 billion were up 21% year over year, led by M&A activity and a strong equity capital markets quarter.
On the consumer side, Bank of America stock’s underlying business added over 100,000 net new checking accounts in the quarter, bringing the total to a record 38.5 million, with 71% of sales now flowing through digital channels.
At the Bernstein Strategic Decisions Conference on May 27, Moynihan said Q2 is shaping up to be another strong quarter: “I think trading, I think like a 15% increase year-over-year. Investment banking is in pretty good shape and wealth management in the low teens year-over-year.”
What Wall Street Expects From BAC Stock in 2026
The street’s conviction around Bank of America stock is unusually tight: 16 Buy ratings, 6 Outperforms, and just 2 Holds, with no Sell ratings among the 24 analysts in coverage. The mean price target sits at around $63, implying roughly 17% upside from current levels, while the high target of $71 reflects a bull case that puts BAC closer to a 32% return from here.
Consensus forward EPS estimates reinforce why that conviction is there. The Q2 2026 estimate sits at $1.10, essentially flat with Q1’s reported $1.11 as the easy year-over-year comparisons from last year’s Liberation Day volatility create a technical drag on the growth rate. But the trajectory past that quarter is clear: consensus EPS climbs from $1.10 in Q2 to $1.14 in Q3 and $1.12 in Q4, with the 2027 estimates continuing to step higher.
Revenue consensus tells a similar story. After $30.27 billion reported in Q1, the street sees roughly $30 billion in Q2 and Q3 before the business resumes acceleration into early 2027, with estimates reaching approximately $31 billion per quarter.
The one variable management emphasized most clearly is the repricing of fixed-rate assets, which Borthwick described as a five-year tailwind: “It’s not going to be one quarter. It’s going to be every quarter for the course of the next five years.” That duration is what separates the near-term NII story from a one-quarter beat.
With 22 of 24 analysts rating BAC a Buy or Outperform and the mean target at around $63, Bank of America stock looks undervalued at current levels.
BAC Grows Net Earnings Faster Than Wells Fargo While Trading at a Fraction of JPMorgan’s Scale
Bank of America’s normalized earnings came in at $1.11 billion in Q1 2026, up from $0.89 billion in Q2 2025, representing a stronger sequential growth trajectory than Wells Fargo (WF), which posted $1.60 billion in Q1 2026 after moving from $1.40 billion over the same span.
Consensus estimates through Q2 2027 show Bank of America stock’s normalized earnings climbing to $1.29 billion, a step-up of around 16% from Q1 2026, while Wells Fargo’s estimates reach $2.06 billion over the same window, reflecting a similarly paced but larger-base expansion.
On the other hand, JPMorgan’s (JPM) normalized earnings of $5.51 billion in Q1 2026 dwarf both peers and are expected to reach $5.75 billion by Q2 2027, but the raw scale gap does not tell the growth story: BAC’s earnings trajectory from Q2 2025 through Q2 2027 shows consistent acceleration, and the bank is doing it while operating with a cost structure and efficiency ratio that Wall Street is now crediting with genuine operating leverage.
Is Bank of America Stock Undervalued? TIKR’s $76 Model Points to a Multi-Year Opportunity
TIKR’s base case values Bank of America at approximately $76 by December 2030, implying around 42% total return from the current price of $54, or roughly 8% annualized over approximately 4 and a half years.
If revenue grows at the low-case CAGR of around 3% and net income margins hold near 26%, the TIKR model points to a stock price of approximately $73 by late 2030, with an annualized return of around 4%.
Under the mid case, with revenue growth near 3% and net income margins expanding to approximately 27%, the model arrives at around $89 by December 2034 (the extended forecast) and roughly $76 by the December 2030 milestone, representing around 6% annualized.
If margins expand toward the high-case assumption of approximately 28% and the EPS CAGR runs near 7%, the model produces a stock price of approximately $106 in the extended forecast window, with an IRR near 8%.
The repricing tailwind Moynihan described in May — five more years of fixed-rate asset roll-off into higher-yielding positions — is the engine that makes the mid and high cases plausible without requiring macro conditions to improve materially from where they already are.
Is Bank of America stock a buy in 2026?
Bank of America stock trades roughly 17% below the street’s mean price target of around $63, with 22 of 24 analysts rating it a Buy or Outperform. Q1 2026 EPS came in at $1.11, up 25% year over year, while management raised full-year NII growth guidance to 6% to 8%.
TIKR’s base case puts the stock at approximately $76 by December 2030, implying around 42% total return from current levels.
What is the price target for BAC stock?
The street mean price target for BAC stock is around $63 as of early June 2026, representing approximately 17% upside from the current price near $54.
The high end of analyst targets sits at $71.
TIKR’s base case model points to approximately $76 by December 2030 under mid-case assumptions, with an annualized return near 8%.
What happened to Bank of America stock in Q1 2026?
Bank of America reported Q1 2026 EPS of $1.11, up 25% year over year, on revenue of $30.27 billion, up around 7%. Net interest income on a fully taxable equivalent basis reached $15.9 billion, up 9%, prompting management to raise full-year NII growth guidance.
Return on tangible common equity hit 16%, matching the high end of the company’s medium-term target a year early.
Should You Invest in Bank of America Corporation?
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