Key Takeaways for Bank of America Stock as of July 2026
- Fifteen buy ratings, six outperforms and three holds back Bank of America stock, with a mean target of $66 that puts the stock just 10% below where the Street thinks it should trade.
- TIKR’s mid case model puts Bank of America stock at $76 by December 2030, a 27% total return from the current price of $60, or 5% annualized over 4.5 years.
- Co-President Jim DeMare told investors on June 9 that Bank of America expects operating margin to run north of 4% this quarter, a jump from the roughly 3% posted in Q1.
Bank of America Stock Tracks a Trading and Margin Beat Into Q2
Bank of America (BAC) is the second-largest U.S. bank by assets, running consumer banking, wealth management, global banking and global markets under one roof. The company posted first quarter 2026 revenue of $30.3 billion, up 7% year over year, with earnings per share climbing 25% to $1.11.
That growth came from every corner of the franchise at once. All eight lines of business grew revenue, earnings, deposits and loans in the same quarter, a spread management flagged as unusual even by its own standards.
Trading is where the story sharpened heading into the second quarter. Co-President Jim DeMare, addressing the June 9 Morgan Stanley US Financials Conference, described how the equities business had pulled ahead: “A lot more of the activity and revenues have been coming from the equity business, and that’s what we’ve been seeing, I think, in general for the industry, probably for the last 12 months.” His comment followed CEO Brian Moynihan’s earlier guidance for 15% trading revenue growth in the quarter.
DeMare went further, telling the room Bank of America would beat that 15% mark and that Q2 operating margin was tracking “north of 4%,” well above the 2% to 3% range the bank had guided to. He also confirmed investment banking fees near $1.8 billion for the quarter.
The momentum extends into strategic lending, too. Bank of America extended a $520 million credit line to OpenAI on July 8, its first loan to the company ahead of a widely expected IPO, adding to a book that has helped raise nearly $500 billion for AI-related companies since 2025
Wall Street Rates Bank of America Stock a Buy With Limited Room Left to the Target
Fifteen analysts rate Bank of America stock a buy, six rate it an outperform and three call it a hold, with no sell or underperform ratings on the stock as of July 10. The mean target price sits at $66, only 10% above the current $60 share price, a gap that has narrowed sharply from the 26% spread seen back in March.
That compression followed a stock price run from the low $50s into the high $50s and low $60s over the past two quarters. High and low targets of $71 and $58 frame a tighter range than the stock has carried for most of the past year.
Wall Street Expects Bank of America Stock’s Normalized EPS to Climb 27% This Quarter
Bank of America posted normalized EPS of $1.11 in the first quarter, up 23% year over year. The Street expects that figure to reach $1.13 in the second quarter, a 27% jump from the year-ago period, before growth cools to 9% in the third quarter at $1.15.
Full-year 2026 normalized EPS is expected to close near $1.13 in the fourth quarter, up 16% year over year, before reaccelerating into 2027. First quarter 2027 estimates sit at $1.23, up 11%, with second quarter 2027 projected at $1.29, up 14%.
The trajectory raises one question for the back half of the year: does the fixed rate asset repricing tailwind that lifted Q2 growth to 27% hold through year end, or does it fade toward the high single digit pace the Street already has penciled in for Q3?
TIKR’s $76 Target on Bank of America Stock Holds if the Operating Leverage Sticks
TIKR’s mid case model values Bank of America stock at $76 by December 2030, implying a 27% total return from the current price of $60, or 5% annualized over the next 4.5 years.
That annualized rate lands below the stock’s own trailing five-year IRR of 8% and its ten-year IRR of 16%, a signal that the model is pricing in a more measured path than the stock has actually delivered over the past decade. The target holds together if the operating leverage DeMare flagged in June, the north-of-4% margin expansion and the 15%-plus trading revenue growth, carries into the back half of 2026 rather than fading with the fixed rate repricing tailwind.
Should You Invest in Bank of America Corporation?
The only way to really know is to look at the numbers yourself. TIKR gives you free access to the same institutional-quality financial data that professional analysts use to answer exactly that question.
Pull up Bank of America Corporation stock and you’ll see years of historical financials, what Wall Street analysts expect for revenue and earnings in the quarters ahead, how valuation multiples have moved over time, and whether price targets are trending up or down.
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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!
