NYSE:BAC 26 January 2026 - 30 January 2026

TD Cowen lowered its price target on Bank of America to $64 from $66 but kept a buy rating, following the bank’s quarterly results. The broker highlighted management’s forecast that revenue will exceed expenses by about 200 basis points — roughly two percentage points — in fiscal 2026, according to a summary of brokerage notes. Analyst Steven Alexopoulos at TD Cowen said the bank’s revenue growth outlook remains solid. Meanwhile, Keefe, Bruyette & Woods cut its target to $63 from $64, and Truist Securities dropped theirs to $60 from $62, citing revised credit-loss assumptions and slower expected share buybacks.

Bank of America shares climbed 2.45%, closing Thursday at $53.08. The uptick came as the Federal Reserve decided to keep its benchmark rate steady between 3.5% and 3.75%, reassuring investors in major banks.