NEW YORK, Dec. 28, 2025, 10:59 a.m. ET — Market closed. [1]
Bank of America Corporation (NYSE: BAC) enters the final stretch of 2025 trading near its highs, with investors weighing a supportive “year-end momentum” backdrop against a key near-term question for big U.S. banks: how quickly interest rates fall in 2026—and what that means for margins, credit quality, and capital returns.
With U.S. equity markets shut on Sunday, the next opportunity for investors to react will be Monday’s regular session, when the NYSE’s core trading session opens at 9:30 a.m. ET. [2]
Bank of America stock price today: where BAC left off Friday
BAC last traded around $56.17, down about 0.1% from the prior close, with Friday’s range roughly $56.03 to $56.54. [3]
The bigger-picture setup is what’s drawing attention:
- 52-week range: about $33.07 to $56.55, putting the stock near the top of its yearly band. [4]
- Valuation snapshot:P/E ~15.3, price-to-book ~1.47 (by Investing.com’s data), and a dividend yield around ~2%. [5]
For investors focused on risk/reward, that “near-highs” positioning can cut both ways: it often reflects confidence in the macro and earnings outlook, but it can also mean less room for error if rates, credit, or regulatory headlines turn.
The market backdrop: S&P 500 near 7,000, rotation into financials, and thin year-end liquidity
Bank of America is trading into a market environment that’s been supportive for large-cap financials. In a Reuters “week ahead” outlook, the S&P 500 was described as near record peaks and within about 1% of 7,000, with strategists watching rotation as non-tech sectors—financials included—have been “shining” while tech has lagged in recent weeks. [6]
That same Reuters report underscored the key macro catalyst for banks: expectations around the path of rate cuts. The Fed has lowered rates by 75 basis points over its last three meetings of 2025, leaving the benchmark at 3.50%–3.75%, and investors are now focused on how many additional cuts may come in 2026. [7]
A lighter, year-end tape can amplify moves. In Friday’s post-Christmas session, Reuters described a “light-volume” market that finished close to flat, with the Dow, S&P 500, and Nasdaq all fractionally lower on the day. [8]
Ryan Detrick, chief market strategist at Carson Group, told Reuters the market had rallied strongly in the prior days and was effectively “catching its breath,” while noting the seasonal “Santa Claus rally” window runs through early January and can influence sentiment heading into the new year. [9]
The last 24–48 hours: the headlines shaping the BAC conversation now
While there hasn’t been a major Bank of America earnings or M&A headline in the immediate past two days, several developments are informing positioning and expectations:
1) CEO Brian Moynihan on the Fed and the economy (Sunday headlines)
CBS News reported Sunday that Bank of America CEO Brian Moynihan warned markets “will punish” any perceived loss of Federal Reserve independence as attention turns to the next Fed chair decision (Powell’s term ends in May 2026). [10]
In the CBS “Face the Nation” transcript published today, Moynihan also pointed to ongoing consumer spending growth in Bank of America’s transaction data—an important read-through for a bank with massive consumer exposure. [11]
Why it matters for BAC stock: rate-policy credibility and consumer resilience are two pillars of the bull case for large diversified banks—supporting loan performance, fee streams, and confidence in capital return plans.
2) Markets are laser-focused on Fed minutes and the 2026 rate-cut debate
Reuters highlighted that minutes from the Fed’s December meeting (where the cut was “divided,” with differing rate projections) are expected Tuesday, and could clarify the internal debate that now matters for bank valuations and rate-sensitive earnings. [12]
In that Reuters piece, Michael Reynolds, vice president of investment strategy at Glenmede, said the minutes could be “illuminating” for understanding the arguments around the table—important context as markets try to “handicap” how many cuts come next year. [13]
3) Wall Street’s “consensus” stance remains constructive, with a watchlist price target
MarketBeat’s brokerage compilation published Saturday assigned Bank of America a “Moderate Buy” consensus from 28 brokerages, with an average 12-month price target of about $58.59. [14]
Takeaway: that target implies relatively modest upside from the latest levels—consistent with a “quality large bank” narrative rather than a distressed turnaround story. It also means incremental catalysts (rates, credit, trading/investment banking trends) matter more for pushing the stock through resistance near its highs.
4) Freshly reported institutional-positioning items (13F-driven coverage)
A MarketBeat report published Sunday said Sapient Capital LLC trimmed its Bank of America stake by 2.6% during the third quarter, reflecting the steady churn of institutional ownership heading into year-end. [15]
These items are backward-looking (13F reporting) but can still shape investor narratives—especially when liquidity is thin and market participants are scanning for any signals of institutional conviction.
Forecasts and analysis: the bull case vs. the “priced-in” argument
Macro forecasts from Bank of America Global Research
Bank of America’s own research arm has laid out a 2026 outlook that intersects directly with BAC’s rate sensitivity.
In a Bank of America newsroom release, BofA Global Research highlighted:
- Savita Subramanian (Head of U.S. Equity Strategy) looking for 14% EPS growth but only 4%–5% S&P price appreciation, with a 7,100 year-end target. [16]
- Mark Cabana (Head of U.S. Rates Strategy) expecting the 10-year Treasury to end 2026 around 4%–4.25% (with downside risks), while BofA’s U.S. economists expected two Fed cuts in 2026 (June and July). [17]
For Bank of America stock, that framework implies a “steady but not euphoric” market in which interest rates may ease but not collapse—often a favorable setup for large banks if credit remains stable and fee lines (wealth, trading, investment banking) hold up.
What the company’s latest reported fundamentals show
On Bank of America’s investor relations site, the bank’s Q3 2025 snapshot (quarter ended Sept. 30, 2025) listed:
- $28.1B revenue (net of interest expense)
- $8.5B net income
- $1.06 EPS (diluted)
- 15.4% return on tangible common equity [18]
That profitability profile—paired with BAC’s scale across consumer banking, wealth, and markets—helps explain why the stock is trading near its highs into year-end.
Management commentary investors are still anchoring to
In December remarks reported by Reuters, Moynihan said he expected the bank’s markets revenue to rise high single-digit to 10% in Q4, while investment banking fees would be broadly flat; he also said consumer spending was growing and credit quality looked good, with charge-offs “basically” flattening out. [19]
Those comments matter because they speak directly to two of the biggest swing factors for BAC: (1) markets and investment banking momentum, and (2) consumer credit normalization.
If the market is closed: what BAC investors should know before the next session
With the NYSE closed today, here are the main “know before Monday” items likely to shape BAC trading when liquidity returns:
1) Housing data on deck Monday morning
The National Association of Realtors says Pending Home Sales for November 2025 will be released Monday, Dec. 29 at 10:00 a.m. Eastern—a data point watched for signals on housing turnover and rate sensitivity. [20]
2) Fed minutes and year-end positioning risk
Reuters flagged that year-end portfolio adjustments can add volatility, especially in holiday-thinned conditions, and that the Fed minutes could sharpen the debate on the 2026 path for rates. [21]
For banks, even small shifts in rate expectations can reprice the whole group quickly.
3) Holiday-shortened week mechanics
Investopedia’s “week ahead” preview noted a holiday-shortened week around New Year’s, with markets closed for the holiday and key releases including pending home sales and the Fed minutes. [22]
The NYSE calendar shows New Year’s Day (Thursday, Jan. 1, 2026) as a market holiday. [23]
4) Mark your calendar: BAC’s next earnings date and timing
Bank of America’s newsroom announced that Q4 2025 results are scheduled for Wednesday, Jan. 14, 2026, with results typically released at about 6:45 a.m. ET and an investor conference call at 8:30 a.m. ET. [24]
Between now and then, BAC’s tape can be especially sensitive to (a) rate expectations, (b) trading and investment banking read-throughs from peers, and (c) any credit or consumer-spending signals.
Bottom line for Bank of America stock heading into Monday
Bank of America stock is entering the final days of 2025 near a 52-week high, supported by a strong broader market and evidence of rotation into financials—but also facing a more nuanced 2026 debate about the speed and extent of rate cuts.
For Monday’s session, the clearest near-term catalysts are macro: housing data at 10 a.m. ET, year-end rebalancing flows, and positioning ahead of Fed minutes—while CEO Moynihan’s weekend comments keep the Fed-policy narrative front and center. [25]
References
1. www.nyse.com, 2. www.nyse.com, 3. www.investing.com, 4. www.investing.com, 5. www.investing.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. www.reuters.com, 10. www.cbsnews.com, 11. www.cbsnews.com, 12. www.reuters.com, 13. www.reuters.com, 14. www.marketbeat.com, 15. www.marketbeat.com, 16. newsroom.bankofamerica.com, 17. newsroom.bankofamerica.com, 18. investor.bankofamerica.com, 19. www.reuters.com, 20. www.nar.realtor, 21. www.reuters.com, 22. www.investopedia.com, 23. www.nyse.com, 24. newsroom.bankofamerica.com, 25. www.nar.realtor
