Bank of America (BAC) Stock on December 1, 2025: Price, Latest News, Analyst Targets and 2026–2030 Outlook

Bank of America Corporation (NYSE: BAC) is trading near multi‑year highs as investors digest a wave of fresh news: a strong Q3 earnings beat, a fatter dividend and buyback, a high‑profile stake cut by Warren Buffett’s Berkshire Hathaway, and Bank of America’s own call for imminent Federal Reserve rate cuts.

Below is a detailed, SEO‑oriented breakdown of BAC stock today, key developments from December 1, 2025, and how analysts see the shares into 2026 and beyond.

BAC stock today: price, performance and valuation

As of midday on December 1, 2025, Bank of America stock is trading around $53.50–$53.70 per share, giving the bank a market capitalization of roughly $392 billion. ^[1]

• 52‑week range: $33.06 (low) to $54.69 (high), putting the stock just a step below its recent peak. ^[2]
• Valuation: BAC changes hands at about 14.6× trailing earnings and 1.4× book value, with a price‑to‑earnings‑growth (PEG) ratio near 2.0 and beta in the mid‑1.3s, reflecting modest growth expectations and above‑market volatility. ^[3]
• YTD performance: Including dividends, Bank of America’s total return for 2025 is in the low‑to‑mid‑20% range, with Yahoo Finance reporting a 23.7% year‑to‑date return as of December 1 and other trackers showing a similar ~24% gain. ^[4]

In other words, BAC has had another strong year after a powerful rebound in 2024, and investors are now debating whether there’s still upside left as the Fed prepares to pivot toward rate cuts.

Fresh news on December 1, 2025: institutional flows and Buffett’s big trim

OMERS and other institutions boost BAC

A major headline on December 1, 2025 is the disclosure that OMERS Administration Corp, the large Canadian pension investor, boosted its position in Bank of America by 881.5% in Q2. OMERS now owns about 4.21 million BAC shares (roughly $199 million at the time of filing), making the bank its 17th‑largest holding and around 1.6% of the portfolio. ^[5]

On the same day, another filing showed Panagora Asset Management cut its BAC stake almost in half, selling about 2.17 million shares and ending Q2 with 2.37 million shares worth roughly $112 million. ^[6]

MarketBeat’s rolling newsfeed also highlights numerous smaller position increases and trims by asset managers in late November and early December, with hedge funds and institutions collectively owning around 70–71% of Bank of America’s outstanding shares. ^[7]

Takeaway: institutional money is very active in BAC. Some long‑only and quant firms are adding aggressively, while others are taking profits after a strong two‑year run.

Warren Buffett has sold about 45% of Berkshire’s BAC stake

A second big theme in recent coverage is the gradual reduction of Bank of America in Berkshire Hathaway’s portfolio. Over the past several quarters, Berkshire has reportedly sold roughly 45% of its BAC stake, reallocating billions of dollars into other large positions, including a fast‑growing “virtual monopoly” tech name. ^[8]

Commentary around Berkshire’s move has focused on a few points:

• Valuation reset: BAC now trades well above book value, in contrast to the discount that existed when Berkshire was buying heavily. ^[9]
• Rate sensitivity: Bank of America is widely regarded as one of the most interest‑rate‑sensitive large U.S. banks. With markets and BofA’s own strategists now expecting Fed rate cuts, the multi‑year tailwind from rising net interest income may be peaking. ^[10]
• Portfolio concentration: BAC had become a very large single‑name position for Berkshire, and trimming a winner is consistent with Warren Buffett’s usual risk‑management playbook.

Importantly, Berkshire still holds a sizable BAC position, so this is a reduction, not a full exit — but it does cap the “Buffett halo” narrative around the stock and may encourage other long‑term holders to revisit their own allocations.

Earnings: Bank of America’s best quarter in years

Q3 2025 results: broad‑based strength

Bank of America delivered a strong Q3 2025, beating expectations on both the top and bottom line:

• Revenue (net of interest expense): about $28.1 billion, up roughly 11% year‑over‑year. ^[11]
• Net income:$8.5 billion. ^[12]
• EPS:$1.06, vs consensus estimates in the mid‑$0.90s. ^[13]
• Return on tangible common equity (ROTCE):15.4%, a robust figure for a global megabank. ^[14]

Segment commentary from company materials and analyst breakdowns shows a bank firing on multiple cylinders: ^[15]

• Consumer Banking: solid loan growth and higher deposit balances helped drive double‑digit net income growth (around the high 20s percent year‑over‑year).
• Global Wealth & Investment Management (GWIM): record revenue, with net income up about 19% YoY, supported by rising asset management fees and fee‑based assets.
• Global Banking: a rebound in corporate and investment banking pushed net income up double digits versus the prior year.
• Global Markets: continued momentum in trading, with sales & trading revenue up high‑single‑to‑low‑double digits, marking at least 14 consecutive quarters of YoY growth in the sales and trading franchise.

Net interest income and asset quality

Net interest income (NII) — the spread between what the bank earns on loans and investments and what it pays depositors — has been a key driver of BAC’s profit rebound.

• In the first half of 2025, Bank of America reported about 5% year‑over‑year NII growth, and management guided to 6–7% NII growth for the full year, helped by higher loan balances and “higher‑for‑longer” rates. ^[16]

The flip side is credit quality:

• Provisions and net charge‑offs have risen meaningfully from the artificially low levels seen right after the pandemic. Over 2022–2024, provisions and charge‑offs grew sharply as management rebuilt reserves, and that upward trend has continued into 2025, reflecting a more normal, but also more challenging, credit environment. ^[17]

So far, though, higher NII, growing fee income, and stronger trading have more than offset the rise in credit costs.

Dividends, buybacks and shareholder returns

Dividend yield and Q4 2025 payment

Bank of America currently pays a quarterly dividend of $0.28 per share, or $1.12 annually, implying a dividend yield of roughly 2.1% at current prices. ^[18]

Key dates for investors right now:

• Q4 2025 common dividend: $0.28 per share, payable December 26, 2025 to shareholders of record as of December 5, 2025. ^[19]

There are also multiple preferred stock series paying scheduled dividends in November and December, but those matter mainly to income‑focused institutional investors. ^[20]

2025 dividend hike and a $40 billion buyback program

In July 2025, Bank of America’s board approved an 8% increase in the common stock dividend to $0.28 per quarter and authorized a new $40 billion share repurchase program, replacing the remaining capacity in its previous plan. ^[21]

At today’s market cap, that buyback authorization could retire up to about 10% of shares outstanding over time if fully executed, depending on the pace of repurchases and future market prices.

Combined, the 2%+ dividend yield and ongoing buybacks give BAC a meaningful shareholder‑return profile, which is part of the bull case for the stock.

Leadership shake‑up and succession plan

Governance and leadership have also been in focus in the second half of 2025.

In September 2025, Bank of America announced a major senior leadership reshuffle: ^[22]

• Dean Athanasia and Jim DeMare were appointed Co‑Presidents of Bank of America, the first time CEO Brian Moynihan has used the co‑president structure.
• Alastair Borthwick remains Chief Financial Officer, but with an expanded role as Executive Vice President and key strategist for the firm.
• The co‑presidents now oversee the bank’s eight business lines and are widely viewed as leading contenders to succeed Moynihan later in the decade. ^[23]

Moynihan, who has led Bank of America since 2010, has indicated he plans to stay on as CEO at least through the end of this decade, but the new structure clearly sets up a succession “horse race” and is designed to sharpen accountability for growth in investment banking, wealth management, and global markets. ^[24]

For investors, this leadership evolution is important because it suggests:

• Continued focus on “responsible growth” and disciplined risk management.
• Heightened urgency to close performance gaps versus JPMorgan and the broader bank index, especially in capital‑light fee businesses. ^[25]

Regulatory backdrop: OCC cease‑and‑desist order on AML and sanctions

Not all recent headlines have been positive. In December 2024, the Office of the Comptroller of the Currency (OCC) issued a cease‑and‑desist order against Bank of America, citing “significant deficiencies” in its Bank Secrecy Act (BSA), anti‑money‑laundering (AML), and sanctions compliance programs. ^[26]

Key points from the order and subsequent coverage:

• The OCC found systemic weaknesses in areas such as customer due diligence, transaction monitoring, sanctions screening, risk assessments, and internal audit. ^[27]
• Bank of America must:
  • Hire an independent third‑party consultant to conduct an end‑to‑end review of its BSA/AML and sanctions programs.
  • Strengthen governance, internal controls, and training.
  • Obtain OCC approval before rolling out high‑risk products or entering high‑risk markets. ^[28]
• The order did not include a fine or asset cap, and the bank has said it does not expect a material financial impact but acknowledges the need for major remediation. ^[29]

For shareholders, this is a non‑trivial risk:

• Compliance overhauls are costly and can distract management.
• Future fines or restrictions are still possible if regulators are not satisfied with the pace or quality of remediation.

That said, the stock has continued to perform well since the order, suggesting investors believe the issues are manageable given Bank of America’s size, profitability, and capital strength. ^[30]

Macro backdrop: BofA now expects a December Fed cut

On December 1, 2025, Bank of America’s own research team shifted its U.S. interest‑rate outlook. BofA Global Research now expects: ^[31]

• A 25 bps Fed rate cut at the December meeting, citing a softer labor market and dovish commentary from policymakers.
• Two additional quarter‑point cuts in 2026 (likely June and July), bringing the federal funds rate down to about 3.00–3.25%.

This matters enormously for BAC because the bank’s balance sheet is highly geared to the level and shape of the yield curve: ^[32]

• Upside of cuts: lower rates can support loan demand, ease funding stress, and reduce credit risk for some borrowers.
• Downside of cuts: a faster‑than‑expected decline in rates tends to compress net interest margins — the very engine of BofA’s outsized profits over the last two years.

More broadly, Bank of America’s private bank and research arms are calling for:

• Moderate U.S. real GDP growth around 2–2.5% in 2026,
• A gradual easing cycle that largely concludes by 2026, and
• More subdued equity returns over the next few years compared with the post‑pandemic bull run. ^[33]

For BAC shareholders, that implies:

• The earnings “sugar high” from rapidly rising rates is behind us.
• Future growth will depend more on volume growth, fee income, cost control, and credit discipline, rather than pure rate leverage.

How analysts rate Bank of America stock

Street consensus: “Moderate Buy” with mid‑single‑digit to low‑double‑digit upside

Across multiple data providers, Bank of America carries a broadly positive — but not euphoric — analyst profile:

• MarketBeat: 28 analysts; consensus rating “Moderate Buy” with 23 Buys and 5 Holds; average 12‑month price target around $57.77, implying roughly 7–8% upside from a ~$53.70 share price. ^[34]
• StockAnalysis / TradingView: roughly 18 analysts, consensus “Buy”, average target near $55–$59, with a range that spans the mid‑$40s to $70 at the high end. ^[35]
• Recent individual price‑target moves include:
  • Oppenheimer: $55 (Outperform)
  • Wells Fargo: $62 (Overweight)
  • Morgan Stanley: up to $70 (Overweight)
  • TD Cowen, Citi, Barclays: targets mostly in the low‑$60s. ^[36]

The message: Wall Street is constructive, seeing mid‑single‑digit to low‑double‑digit upside over 12 months, with a cluster of targets in the upper‑50s to low‑60s and a bullish outlier at $70.

Earnings forecasts and Zacks commentary

Fresh research from Zacks (via Nasdaq) on December 1, 2025 highlights Bank of America as a Zacks Rank #2 (Buy) and a long‑standing member of the Zacks Focus List: ^[37]

• BAC was added to the Focus List back in 2017 at $22.68; since then, it has gained about 136% to around $53.65.
• Over the last 60 days, nine analysts have revised their 2025 EPS estimates higher, and the Zacks consensus EPS has risen by $0.12 to about $3.80.
• Zacks now expects 2025 EPS growth of roughly 15.9%, with BAC posting an average earnings surprise of around 8.5% in recent quarters.

Taken together with Q3’s double‑digit profit growth, these revisions suggest that earnings momentum remains positive, even as the macro backdrop transitions from rate hikes to cuts.

Long‑term price forecasts: cautious vs optimistic scenarios

Forecasts beyond 12 months are inherently uncertain, but they’re central to many investors’ Google News and Discover searches right now.

24/7 Wall St: conservative near‑term, constructive long‑term

A detailed December 2025 forecast from 24/7 Wall St models BAC’s potential path out to 2030. Key points: ^[38]

• Wall Street’s median one‑year price target is cited around $58.79, roughly 11% above the then‑current share price.
• 24/7’s own 12‑month forecast is more cautious, projecting $47.20 for year‑end 2025, or about 11% below today’s price — effectively assuming some multiple compression or macro chop.
• For 2030, their model targets $63.96 per share, about 20–21% above today’s level, implying modest annualized appreciation on top of dividends.

Their analysis emphasizes several structural growth drivers:

• Expansion of the branch network and “local presence” strategy across the U.S.
• Continued shift toward wealth management, brokerage, and fee‑based services.
• Digital and AI‑enabled platforms (Erica, Zelle, real‑time payments, trading tools) improving customer experience and operating efficiency.

What this means for investors

Putting all the Street and independent forecasts together:

• Base case: modest additional upside over 12 months (mid‑single‑digit to low‑double‑digit total return), assuming no severe recession.
• Bull case: if the economy achieves a soft landing, credit costs remain contained, and fee businesses keep growing, BAC’s earnings power and buybacks could justify valuation closer to or above the high‑end targets (~$70) over time.
• Bear case: sharper‑than‑expected margin compression from rate cuts, a cyclical downturn in credit, or renewed regulatory setbacks could push the stock back into the $40s, as in 24/7’s conservative scenario. ^[39]

Key risks to the BAC investment story

Even with strong recent performance, investors should keep several risks in mind:

1. Interest‑rate risk
   • BAC’s balance sheet is notably sensitive to changes in short‑ and long‑term rates. Rapid or deeper‑than‑expected Fed cuts could compress net interest margins, pressuring earnings. ^[40]
2. Credit cycle and macro risk
   • Rising provisions and net charge‑offs show that credit costs are normalizing upward. A tougher economy or policy mistake could bring higher defaults in consumer and corporate portfolios, eroding profitability. ^[41]
3. Regulatory and compliance risk
   • The OCC cease‑and‑desist order remains an overhang until Bank of America demonstrates full remediation of its BSA/AML and sanctions deficiencies; further actions or fines would weigh on sentiment. ^[42]
4. Competitive pressure
   • Fintechs, digital‑only banks, and large tech platforms are steadily attacking payments, lending, and wealth management, forcing incumbents like BofA to invest heavily in technology and customer experience to maintain market share. ^[43]
5. Succession and execution
   • While the co‑president structure clarifies succession planning, it also raises the stakes on flawless execution in investment banking, markets, and wealth management — areas where investors expect improvement. ^[44]

Is Bank of America stock a buy right now?

From a general (not personalized) perspective, the current investment case for BAC looks like this:

Positives:

• Strong recent earnings with double‑digit profit growth and robust ROTCE. ^[45]
• A healthy balance sheet and capital return policy, featuring a 2%+ dividend yield and a $40 billion buyback authorization. ^[46]
• Ongoing digital transformation and branch expansion, especially in wealth management and capital‑light fee businesses. ^[47]
• Street views that are generally positive, with consensus rating around “Moderate Buy / Buy” and modest upside baked into 12‑month targets. ^[48]

Challenges:

• The likely start of a Fed easing cycle threatens to gradually erode the extraordinary NII tailwind of 2023–2025. ^[49]
• Credit costs are rising toward more typical levels, and could climb further if growth slows. ^[50]
• The OCC AML/BSA order is a reminder that compliance and reputational risk are real and can be expensive. ^[51]
• After a two‑year rally, valuation is no longer distressed, so much of the recovery story is already reflected in the price. ^[52]

For readers of Google News and Discover, the bottom line is that Bank of America in late 2025 looks more like a core, blue‑chip financial with a solid dividend and moderate growth prospects than a deep‑value turnaround. Future returns from here will likely depend on:

• How smoothly the Fed navigates rate cuts,
• Whether Bank of America can keep growing fee and wealth‑management revenue faster than credit costs, and
• How effectively management executes on its strategy under the new co‑president structure.

As always, this article is for informational and educational purposes only and is not investment advice. Anyone considering BAC — or any stock — should weigh their own risk tolerance, investment horizon, and financial situation, and consider speaking with a licensed financial adviser.

References

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