DailyIQ
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Sector:Financial ServicesAll sectors
Last updated 4 minutes ago

BAC·Bank of America Corporation

$.
+. (+.%)
After Hours
High
$59.87
Open
$59.64
Market Cap
423.45B
52W High
$60.83
Low
$59.25
P. Close
$59.65
P/E
13.36
52W Low
$44.75
Fwd P/E
11.66
DailyIQ Est.
$66.70
Technical Score (1D)
95
BUY
News Sentiment
59
BULLISH
The most recent update shows a 6.3 % jump in credit and debit card spending in June, the fastest growth in four years, driven by wage gains across all income groups. This surge indicates a resilient labor market and suggests that consumer confidence is strong, which could support Bank of America’s retail banking revenue in the coming week. The broader spending boost also signals that the bank’s loan portfolio may be cushioned against the impact of rising interest rates, as borrowers continue to spend. With the Q2 earnings release scheduled for July 14, traders should watch for guidance on earnings growth and any potential dividend adjustments that could reinforce BAC’s dividend sustainability. The earnings report will also shed light on the bank’s loan performance and interest‑rate risk management, which are key to assessing the bank’s resilience in a tightening rate environment. In addition, Jefferies and Daiwa have recently lifted their price targets to $70 and $68 respectively, reflecting confidence in BAC’s earnings outlook and capital adequacy. These upgrades could influence short‑term valuation sentiment, so monitoring any changes in the bank’s risk profile around the earnings announcement is prudent. BofA’s view that Houlihan Lokey is well positioned for a middle‑market recovery suggests that advisory fee growth may be on the horizon, adding another layer of upside potential for the bank. Therefore, the next 1–10 trading days will hinge on the earnings release, dividend guidance, and any updates on the bank’s risk exposure, while the consumer spending data provides a backdrop of robust demand that could support BAC’s performance.
Earnings Summary
BAC is a diversified global bank that offers consumer banking, wealth management, and corporate services, operating within the financial services sector where capital markets and regulatory environments shape profitability. In recent quarters, revenue grew from $25.35 billion in Q4 2024 to $27.37 billion in Q1 2025, then to $26.46 billion in Q2 2025, $28.09 billion in Q3 2025, $28.37 billion in Q4 2025, and $30.27 billion in Q1 2026, reflecting a steady upward trend; EPS rose from $0.82 in Q4 2024 to $0.90 in Q1 2025, $0.89 in Q2 2025, $1.06 in Q3 2025, $0.98 in Q4 2025, and $1.11 in Q1 2026, consistently beating analyst estimates in every quarter with data. Historically, BAC has maintained a positive earnings trajectory, with revenue increasing year over year and EPS consistently outperforming forecasts, indicating robust profitability and effective cost management. Recent news highlights the bank’s successful completion of the Federal Reserve’s 2026 stress test, which cleared BAC for a potential dividend increase and bolstered investor confidence; the bank also redeemed $2.6 billion of senior notes, improving its debt profile, and announced a real‑time cross‑border payments platform, positioning it to capture a growing niche in international transfers. Investors should watch for the timing of the dividend hike, the rollout progress of the cross‑border payments platform, and any regulatory approval or pricing signals from the Onsemi acquisition, as these developments will shape the bank’s near‑term earnings trajectory and capital allocation strategy. Additionally, BAC’s expansion into AI‑driven capital markets financing and its ongoing discussions to acquire Fiserv’s debit payments network could further enhance fee income, so monitoring regulatory approvals and integration milestones will be key.

EPS

EstBeatMiss
$0.77$0.87$0.97$1.07$1.18Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$1.13 - -
Q1'26$1.02$1.11+9.4%
Q4'25$0.97$0.98+1.3%
Q3'25$0.95$1.06+12.0%
Q2'25$0.86$0.89+3.7%
Q1'25$0.82$0.90+10.3%

Revenue

EstBeatMiss
$25.8B$27.2B$28.6B$30.0B$31.4BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$30.7B - -
Q1'26$29.9B$30.3B+1.1%
Q4'25$28.2B$28.4B+0.5%
Q3'25 - $28.1B -
Q2'25 - $26.5B -
Q1'25 - $27.4B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

BAC Stock Snapshot

BAC is currently trading at $59.65, giving Bank of America Corporation a market cap of 423.45B and a P/E ratio of 13.4. Today's range spans $59.25–$59.87, with shares opening at $59.64 and moving up $0.00 (0.0%) from the prior close. DailyIQ's technical score sits at 95/100 (BUY) with a news sentiment reading of 59/100.

Over the past year BAC has traded between $44.75 and $60.83 - the current price is +33.3% off the 52-week low and -1.9% from the high. 31 analysts cover the stock with a Buy consensus and a mean 12-month target of $65.45 (range $58.00–$71.00), implying upside of +9.7%.

Bank of America Corporation (BAC) sits at $59.65 (near 52-week highs within $44.75–$60.83), scoring 95/100 (BUY) with neutral sentiment at 59/100. At 423.45B in Financial Services market cap (P/E: 13.4), this large-cap is right in the zone where buy-side analysts get excited and allocation committees approve new position additions. A bullish technical phase with sentiment confirmation is the green light most of them are looking for.

The combination of a BUY signal (95/100) and neutral news sentiment (59/100) puts BAC on the screens of active managers who run quality-momentum overlays — a cohort that can build meaningful positions at 423.45B in Financial Services market cap without immediately moving the stock. At $59.65 (near 52-week highs in the $44.75–$60.83 range), the entry discipline is clean and the potential re-rating if sentiment continues to improve is meaningful.