Bank of America (BAC) Stock on December 8, 2025: Price, Fresh News, and 2026 Forecasts

Updated December 8, 2025 — For informational purposes only, not investment advice.

1. Bank of America Stock Today: Near 52‑Week High With Market‑Beating Gains

Bank of America Corporation (NYSE: BAC) is trading around $54 per share on December 8, 2025, close to its 52‑week high of $54.83 and well above its 52‑week low near $33. ^[1]

Year to date, BAC is up roughly 23%, significantly ahead of the broader U.S. finance sector and comfortably outpacing the S&P 500’s mid‑teens gain in 2025. ^[2] Recent analysis from Zacks notes that Bank of America shares have climbed about 23.1% YTD, helped by net interest income (NII) growth, aggressive buybacks and a tech‑driven strategy. ^[3]

Technically, BAC is also flashing strength. Investor’s Business Daily recently highlighted that the stock’s Relative Strength Rating has risen into the low 80s, placing it among the better‑performing large caps over the last 12 months and confirming a breakout above a prior buy point. ^[4]

From a valuation standpoint, Bank of America trades at a trailing P/E of about 14.7 and a forward P/E near 12.6, with a price‑to‑book ratio around 1.4 and price‑to‑tangible‑book near 1.9. ^[5] Those multiples put BAC at a modest premium to some traditional value banks, but still far from “bubble” territory considering its scale, profitability and capital return profile.

2. Q3 2025 Earnings Recap: Record NII and a Strong Beat

The latest reported quarter is Q3 2025, and it was a strong one:

Revenue (net of interest expense): $28.1 billion
Net income: $8.5 billion
EPS: $1.06, beating the roughly $0.95 consensus estimate
Return on tangible common equity (ROTCE): 15.4% ^[6]

According to Bank of America and Reuters coverage, the key drivers were:

Record net interest income (NII) of about $15.2 billion, up 9% year‑over‑year, as higher rates and balance sheet positioning supported margins. ^[7]
Investment banking fees up 43% to roughly $2 billion, far above management’s earlier expectation of 10–15% growth, as dealmaking rebounded. ^[8]
Lower provisions for credit losses, with Q3 provisions falling to $1.3 billion from $1.5 billion a year ago, suggesting credit quality remains manageable. ^[9]

Crucially for shareholders, management raised its outlook for net interest income, guiding to Q4 2025 NII of $15.6–$15.7 billion, about 8% higher than a year earlier. ^[10]

Taken together, the quarter confirmed that Bank of America is still benefiting from a higher‑rate environment, with strong loan and deposit growth and a scaled consumer franchise.

3. Dividends and Buybacks: 8% Dividend Hike and a $40 Billion Repurchase Plan

Income and capital‑return investors have plenty to watch with BAC right now.

3.1 Common dividend: 11 consecutive years of growth

In July 2025, Bank of America’s board raised the common stock dividend by 8% to $0.28 per share per quarter, up from $0.26. ^[11]

Key details:

New quarterly dividend: $0.28 per share
First paid at the higher rate on September 26, 2025 to holders of record on September 5
Q4 2025 dividend of $0.28 will be paid on December 26, 2025 to shareholders of record as of December 5, 2025. ^[12]

At today’s share price, the annual dividend of $1.12 per share works out to a yield of roughly 2.0–2.2%, with 11 straight years of dividend increases and an estimated payout ratio around 30%. ^[13]

3.2 Massive buyback authorization

Alongside the dividend hike, Bank of America unveiled a new $40 billion common stock repurchase program, effective August 1, 2025, replacing the prior authorization (which still had about $9.1 billion remaining). ^[14]

The program followed the Federal Reserve’s 2025 stress test, which showed that Bank of America could withstand severe economic stress while maintaining strong capital ratios. ^[15]
As of late 2025, share count has already fallen about 2.3% year‑over‑year, evidence that buybacks are actively shrinking the float. ^[16]

Recent coverage from Zacks and others has emphasized that this combination of rising dividends plus a multi‑year $40B buyback is a major pillar of the bullish case for BAC, supplementing organic earnings growth with substantial capital return. ^[17]

4. Fresh Catalysts as of December 8, 2025

Several new strategic moves and headlines in early December 2025 are particularly relevant for BAC shareholders.

4.1 New digital workplace benefits platform for business owners

On December 8, Bank of America announced “enhanced workplace benefits solutions” aimed at business owners and their employees, effectively rolling retirement plans, health savings accounts, banking and other benefits into a more integrated digital platform. ^[18]

The initiative is designed to:

Simplify benefits administration for small and mid‑sized businesses
Deepen Bank of America’s relationships with both employers and employees
Provide more cross‑selling opportunities in cash management, retirement and health‑related accounts

For investors, this expands BofA’s fee‑driven, less capital‑intensive revenue streams and strengthens its competitive position in workplace financial wellness.

4.2 Sports & branding: FIFA World Cup 2026 credit card push

Bank of America also recently introduced an exclusive FIFA World Cup 2026™ custom card design with a first‑year bonus offer for new Cash Rewards Visa cardholders, including opportunities for World Cup ticket access. ^[19]

This campaign is part of a broader push into global sports partnerships, aimed at:

Attracting younger and more international customers
Driving new credit‑card account growth
Tying the Bank of America brand to major events like the World Cup, Boston Marathon and other marquee properties ^[20]

Such marketing initiatives don’t move earnings overnight, but they help build long‑term customer acquisition and spending momentum, particularly in cards and payments.

4.3 A big move into crypto advice for wealth clients

One of the most eye‑catching headlines this week: Bank of America will allow its wealth management advisers to recommend crypto exchange‑traded products (ETPs) to clients starting January 5, 2026. ^[21]

Key points from the announcement and subsequent coverage:

Advisors at Merrill, Merrill Edge and Bank of America Private Bank will be able to recommend approved crypto ETPs, rather than just execute client‑initiated orders. ^[22]
Asset thresholds that previously limited access to Bitcoin ETFs are being removed, broadening availability to a wider set of wealth clients. ^[23]
Bank of America’s CIO team suggests a 1–4% crypto allocation may be appropriate for investors with high risk tolerance and strong interest in digital assets. ^[24]

For BAC shareholders, this marks a strategic shift in wealth management—embracing regulated crypto vehicles as part of portfolio construction. It could:

Add incremental advisory and trading revenue
Differentiate Merrill and the Private Bank versus more conservative peers
Introduce reputational and regulatory risk, given crypto’s volatility

4.4 Holiday operating update: one‑day branch shutdown on Christmas

Consumer headlines have also noted that Bank of America will close all branches nationwide on Christmas Day 2025, in line with major peers and prior holiday practice, while ATMs and digital channels remain available. ^[25]

Financially, a single‑day closure has minimal earnings impact, but it underscores the continuing shift toward digital and self‑service banking, where BofA has been investing heavily.

4.5 Institutional flows: rotation, not abandonment

Recent regulatory filings and news flow show a mixed picture among institutional investors:

French asset manager Natixis Investment Managers trimmed its BAC holdings by about 20%, selling roughly 390,000 shares in a recent quarter. ^[26]
Separately, Cary Street Partners increased its position in Bank of America by around 24%, bringing its stake to just under $7 million. ^[27]

These moves suggest portfolio re‑balancing rather than a broad institutional exodus. Overall, institutions still own close to 70% of BAC’s float, according to StockAnalysis data. ^[28]

5. What Wall Street is Saying: BAC Stock Forecasts and Ratings

5.1 Consensus ratings and 12‑month price targets

Across major data providers and research aggregators, Bank of America is broadly rated a Buy, though upside estimates vary:

StockAnalysis: average 12‑month price target $55.86, implying about 4% upside; consensus rating “Buy” from 18 covering analysts. ^[29]
MarketBeat: consensus “Moderate Buy”, with 23 Buy ratings and 5 Holds; average price target roughly $57–58 per share. ^[30]
MarketWatch analyst survey: average target around $59.10, with an overall Overweight stance on the stock. ^[31]
Moomoo / other broker data: average target in the high‑$50s (around $58–59), with bull‑case targets reaching about $70. ^[32]

Taken together, these imply that Wall Street sees mid‑single‑digit to low‑double‑digit upside over the next year from current levels, assuming a relatively benign macro backdrop.

5.2 24/7 Wall St. forecast: cautious near term, constructive long term

A detailed forecast from 24/7 Wall St. (December 2025) offers both consensus data and its own scenario analysis: ^[33]

It cites a Wall Street median 12‑month price target of $58.79, about 11% upside from the price at the time of writing, and labels the consensus rating as “Strong Buy” (18 Buy, 1 Hold, 0 Sell).
However, 24/7 Wall St.’s own 12‑month target is more conservative at $47.20, implying downside from today’s levels, reflecting worries about the rate cycle and credit normalization.
For 2030, the same model projects BAC at $63.96 per share, roughly 20–21% above today’s price, tied to steady EPS growth and completion of its branch‑expansion and digital‑transformation goals.

Their base case essentially says: short‑term risk of mean reversion after a big rally, but modest long‑term upside as earnings and capital return compound.

6. Valuation Snapshot: Earnings Power vs. Price

Using current data from StockAnalysis and macro data sources: ^[34]

Market cap: about $390+ billion
Trailing 12‑month EPS: roughly $3.66, implying a trailing P/E of ~14.7
Forward P/E (next 12 months): ~12.6
Price‑to‑book (P/B): ~1.4
Price‑to‑tangible book (P/TBV): ~1.9
Dividend yield: ≈ 2.1%, with 11 years of growth and a payout ratio under 30%
Shareholder yield (dividends + buybacks): estimated 4–5% annually

Those numbers suggest investors are paying a moderate multiple for a bank that is:

Solidly profitable (profit margin near 29% and ROE around 10%) ^[35]
Well capitalized after passing tough Fed stress tests with an improved stress capital buffer (SCB) and CET1 comfortably above regulatory minimums ^[36]
Actively shrinking its share count via buybacks

Value‑oriented investors may note that BAC is no longer “cheap” like it was in 2022, when the P/E dipped below 9, but it also doesn’t look stretched relative to large‑cap U.S. banks or the S&P 500 multiple.

7. Macro View: Rate Cuts, AI Spending and BofA’s 2026 Market Call

The interest‑rate path and economic outlook are central to any bank‑stock thesis.

7.1 Bank of America’s economists on the Fed path

Recent Reuters coverage of BofA’s economics team indicates the bank now expects: ^[37]

A Federal Reserve rate cut in December 2025, after a long plateau at restrictive levels
Followed by two more cuts in 2026, bringing policy closer to neutral but not aggressively loose

For Bank of America, modest rate cuts can cut both ways:

Headwind: Over time, lower short‑term rates compress NII once assets reprice, reducing the boost that higher rates have provided since 2022.
Tailwind: Easier financial conditions tend to support loan demand, fee income, capital markets activity and credit quality, especially if cuts are driven by lower inflation rather than a deep recession.

7.2 BofA Global Research: “Bold” 2026 outlook and AI themes

Bank of America’s own Global Research unit recently released a widely cited 2026 outlook arguing that the global economy may enter 2026 with more momentum than investors expect, calling for: ^[38]

Resilient U.S. and China growth
Continued AI‑driven capital expenditure
Easing bond yields
Steady home prices and firmer emerging‑market performance

At the same time, another BofA strategy note has warned of a potential “AI air pocket”—a period where enthusiasm for AI outpaces near‑term monetization—along with signs of consumer strain, leading them to forecast only modest S&P 500 gains into 2026. ^[39]

For BAC shareholders, the takeaway is nuanced:

BofA’s research arm is constructive but cautious: it favors financials in sector allocation, but sees risks from stretched valuations and an aging cycle. ^[40]
A soft‑landing scenario with moderate rate cuts is generally positive for big banks, but a sharper slowdown—or a hard landing—would hit loan growth and credit costs.

8. Bull vs. Bear: What’s the Investment Case for BAC Right Now?

8.1 Bullish arguments

1. Earnings momentum and NII tailwind
Q3 2025 results showed double‑digit earnings growth, record NII and resurgent investment banking. Guidance for Q4 calls for NII to grow about 8% year‑over‑year, suggesting that higher rates and a strong deposit base are still feeding earnings. ^[41]

2. Capital returns and dividend growth
An 8% dividend increase, 11 straight years of dividend growth and a $40 billion buyback program position BAC as one of the most shareholder‑friendly large banks. At current valuations, ongoing buybacks can be meaningfully accretive to EPS. ^[42]

3. Digital and AI advantages
Bank of America continues to highlight its Erica digital assistant, CashPro platform, AI‑driven tools and award‑winning digital banking as competitive differentiators, with internal data showing record digital adoption across consumer and corporate clients. ^[43] The new workplace benefits platform and sports partnerships extend that digital ecosystem into new customer segments. ^[44]

4. Expanding fee‑based and wealth revenues
Moves like opening crypto ETPs to wealth clients, plus continued growth in Merrill and the Private Bank, bolster fee income and diversify away from pure spread lending. ^[45]

5. Solid capital and stress‑test performance
Improved stress‑test results and a lower stress capital buffer (SCB) mean BAC can return more capital while still meeting tougher regulatory standards. ^[46]

8.2 Bearish and risk factors

1. Late‑cycle and rate‑cut risk
If the Fed ends up cutting more aggressively because growth deteriorates, NII and credit quality could worsen at the same time, squeezing profits. The current NII guidance assumes a relatively orderly glide path for rates and the economy. ^[47]

2. Credit normalization
Consumer and commercial credit metrics remain healthy, but history suggests that after a long expansion and higher‑rate period, defaults eventually rise, particularly in credit cards, commercial real estate and leveraged loans.

3. Valuation is no longer distressed
At a P/E near 14–15 and P/TBV close to 1.9, BAC is trading much richer than in late 2022, when bank stocks were priced for deep pessimism. ^[48] Upside from multiple expansion alone may be limited.

4. Regulatory and political scrutiny
Large buybacks, high bank profits and macro‑sensitive topics like crypto advice and AI lending models can draw regulatory pushback, potentially affecting capital requirements, product design or fee structures. ^[49]

5. Competition from fintechs and megacaps
Payments, wealth management and even deposits face pressure from fintech platforms and mega‑cap tech firms, forcing BofA to keep investing heavily just to maintain share.

9. Key Dates and Metrics for Investors to Watch

For those following BAC closely, several upcoming events stand out:

Next earnings date (Q4 2025 results):
Bank of America has confirmed it will report fourth‑quarter 2025 earnings on Wednesday, January 14, 2026, before the market opens. ^[50]
Dividend schedule:
- Q4 2025 common dividend of $0.28 per share payable December 26, 2025 (record date December 5). ^[51]
- Next quarterly dividend decisions will likely be announced in April 2026, unless policy changes.
Macro signposts:
- Fed policy meetings and any change in the projected rate‑cut path
- Credit trends in consumer and commercial portfolios
- Trading and investment banking activity as M&A and capital markets cycles evolve

10. Bottom Line: How Does BAC Look as of December 8, 2025?

On December 8, 2025, Bank of America stock sits near its 52‑week high after a strong 2025 rally. Fundamentals look robust: record NII, solid loan and deposit growth, rebounding investment banking, and a powerful capital‑return story via higher dividends and a $40 billion buyback plan. ^[52]

At the same time:

Valuation has rerated upward,
The rate cycle is turning toward cuts, and
BofA’s own strategists are sending mixed but generally cautious signals about the broader equity market in 2026. ^[53]

Most analysts still call BAC a Buy, with average 12‑month targets clustered in the mid‑to‑high $50s, suggesting modest additional upside if earnings hold up and the economy avoids a hard landing.

For investors, the key questions now are:

Do you believe in a soft‑landing scenario with only mild credit deterioration?
Are you comfortable owning a large money‑center bank late in the cycle at a mid‑teens earnings multiple?
How much value do you place on steady dividends and large buybacks versus potential macro volatility?

Only your risk tolerance, time horizon and portfolio mix can answer those questions. This article is not a recommendation to buy or sell BAC; rather, it is a snapshot of the latest news, forecasts and analyses as of December 8, 2025 to support your own research.