While its Q3 results align with the broader financial sector, suggesting a cyclical investment peak in Q2, investors should not get this signal wrong. A peak is a peak, except when the economy is expanding versus contracting.
Investors bought stocks and bonds, shed cash in past week, say BofA
I am downgrading Bank of America from Strong Buy to Buy and reducing my price target from $78 to $65 following disappointing Q3 2026 results. Regulatory compliance issues, weaker fee-income growth, and deteriorating operating leverage have led me to lower my 2027 EPS estimate from $5.5 to $5.1 and my valuation multiple to 12.75x. Despite challenges, BAC's net interest income, wealth management growth, healthy credit quality, and ongoing share repurchases support a constructive long-term outlook.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| SH Suzanne Hornick ASSET PLANNING Corp.ORATION | 5,600 | $288,904 | $287,196 | -$1,708 | -0.59% |
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 152,562 | $6.49M | $7.89M | $1.4M | 21.49% |
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 39,243 | $1.48M | $2.04M | $556,574.67 | 37.56% |
Michelle S. Hickox FIRST FINANCIAL BANKSHARES Inc. | 1.75M | $65M | $91.64M | $26.64M | 40.98% |
Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 11,548 | $466,630.66 | $591,777.26 | $125,146.6 | 26.82% |
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| EN Erika Najarian UBS | 75.23 | $4,503.53 | $3,877.2 | -$626.33 | -13.91% |
| CM Chris Mcgratty Keefe, Bruyette & Woods | 1,868.81 | $100,000 | $97,449.07 | -$2,550.93 | -2.55% |
| Banks Industry | Financials Sector | Brian T. Moynihan CEO | NYSE Exchange | 060505104 CUSIP |
| US Country | 211,000 Employees | 4 Sep 2026 Last Dividend | 30 Aug 2004 Last Split | 13 Jan 1978 IPO Date |
Bank of America Corporation, a comprehensive financial institution, provides a wide range of banking and financial services across the globe. Catering to individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments, it operates through four main segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. This vast institution has its roots stretching back to 1784, with its headquarters nestled in Charlotte, North Carolina, marking its long-standing presence and influence in the financial sector.
Offers an array of services including traditional and money market savings accounts, certificates of deposit and IRAs, checking accounts with or without interest, and investment accounts and products. Also provided are credit and debit cards, residential mortgages, home equity loans, and various loans such as automotive, recreational vehicle, and consumer personal loans.
Delivers investment management, brokerage, banking, trust, and retirement products, along with wealth management solutions. GWIM also provides customized solutions, incorporating specialty asset management services.
Focuses on lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending. It extends treasury solutions such as treasury management, foreign exchange, and short-term investing options, in addition to merchant services; provides working capital management solutions; and offers advisory services in debt and equity underwriting and distribution, mergers, and fixed-income and equity research.
Engages in market-making, financing, securities clearing, settlement, and custody services. It provides securities and derivative products, alongside risk management products through interest rate, equity, credit, currency, and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products.