Key Takeaways for Bank of America Stock as of September 2026
- Six-Month Run: Bank of America stock has climbed 31% since early March, an annualized 71% pace, after back-to-back earnings beats pushed shares to $63 by September 9.
- Street Split: 15 buy ratings, 5 outperforms and 4 holds ground the current call on Bank of America stock, whose $69 mean target sits 10% above the price.
- Model Read: TIKR values Bank of America stock at $81, a 29% total return.
- Target Chase: The Street’s mean target has risen every quarter since June 2025, from $50 to $69, but the price has closed that gap from 26% to 10% since March.
Why Bank of America Stock Has Ripped 31% Since March
Bank of America (BAC) stock has climbed 31% since early March, a run that has annualized to 71% and pushed shares to $63 by September 9. The rally traces to two earnings reports that beat Wall Street’s numbers by a wide margin, not to any single headline.
On April 15, Bank of America posted first quarter EPS of $1.11, up 25% year over year and above the $1.01 estimate tracked by LSEG. That report landed while the stock was still stuck near its low for the year, closing the quarter at $49 as broader market jitters kept a lid on the shares.
The real inflection came on July 14. Second quarter EPS hit $1.21, up 34% year over year, net income rose 27% to $9.1 billion, and revenue climbed 15% to $31.6 billion. Sales and trading revenue jumped 33% to $7.2 billion, its 17th straight quarter of year-over-year growth, while investment banking fees surged 50% to $2.1 billion.
Profitability told the same story. Return on tangible common equity, a measure of profit against shareholder capital net of goodwill, reached 17% in the quarter, a level CEO Brian Moynihan said on Q2 2026 earnings call that the bank expected to take longer to hit: “The return on tangible common equity was 17%. We thought it would take us longer to get there.” That acceleration is what pulled Bank of America stock off its March low and into a steady climb through August.
Six months on, the stock has erased its entire spring drawdown and then some, and the case for owning it now rests on whether the Street’s own numbers have caught up to the move.
The Street’s Target on Bank of America Stock Keeps Climbing, Too
Bank of America stock carries 15 buy ratings, 5 outperforms and 4 holds, with no underperform or sell rating on the books. Separately, 21 analysts publish a price target, and their mean sits at $69, 10% above the current price of $63. The high estimate sits at $79 and the low at $62.
The mean target has risen every quarter since mid-2025, climbing from $50 to $55, $60, $61, $64 and now $69, a steady stream of upgrades that never once ticked down. But the gap between that target and the price has moved the other way: it stood at 26% in March, when the stock traded at $49 while the Street’s target already sat at $61.
By June it had narrowed to 12%, and now it sits at 10%. Bank of America stock has done more of the work closing that gap than the analysts raising the target.
TIKR Values Bank of America Stock at $81 by 2030
TIKR’s mid case model values Bank of America stock at $81 by December 2030, implying 29% total return from the current price of $63, or 6% annualized over 4.3 years.
That 6% annualized path is far more modest than the 71% pace Bank of America stock has run since March, a sign the easy re-rating already happened.
The stock’s forward multiple backs that up. Bank of America stock traded near 11x next-twelve-month earnings back in March, when the price bottomed at $49, and now sits at 12.63x, above its own 11.68x three-year average and within a point of the 13.61x ceiling it has touched twice since 2024. Some of the 31% move is real earnings growth, but a chunk of it is the market paying up for the same dollar of forward profit it wouldn’t pay up for six months ago.
That gap is what the Street’s own numbers are already pricing in, with the mean target sitting just 10% above the price after two straight earnings beats and a 17% return on tangible common equity. The market has closed most of the distance the model expects to unfold over four years, and the remaining case rests on Bank of America holding that profitability path, not on finding a new one.
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.
You can build a free watchlist to track Bank of America Corporation alongside every other stock on your radar. No credit card required. Just the data you need to decide for yourself.
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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!
