Why Analysts Are Closely Watching Bank of America Corporation (BAC)

Core Viewpoint - Bank of America Corporation (NYSE:BAC) is highlighted as a profitable mega cap stock, with recent price target adjustments reflecting market conditions and expectations for the banking sector [1][2]. Group 1: Price Target Adjustments - JPMorgan raised its price target for Bank of America to $61.50 from $61 while maintaining an Overweight rating, citing expectations of two rate cuts and stable fundamentals in the banking sector [1]. - Truist Securities lowered its price target for Bank of America to $60 from $62 but maintained a Buy rating, indicating adjustments in provision assumptions and share repurchase momentum [2]. Group 2: Earnings Projections - Truist Securities maintains its EPS guidance for Bank of America at $4.30 for 2026 and $4.95 for 2027, with a forecast of 160 basis points of positive operating leverage for the year, which is lower than the bank's own estimate of 200 basis points [3]. Group 3: Company Overview - Bank of America Corporation is a North Carolina-based financial services provider, founded in 1784, operating through four segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets [4].