Bank of America has been upgraded to a buy rating as its stock trades nearly 20% below fair value following a sharp selloff in Q3. The bank reported strong Q2 results with $1.21 GAAP EPS and $31.6 billion in revenue, driven by net interest income and investment banking. Analysts project EPS growth of over 20% this year and 14% next year, with potential to reach $6 EPS by fiscal year 2028. Technical indicators suggest the stock is oversold and nearing support at its 200-day moving average, while seasonal trends favor a rebound into Q3 earnings.
Bank of America (BAC) trades at USD 56.07 on Pluang as of Sep 24, 2026 18:11 WIB, which is closer to its 52-week low of USD 46.72 than its high of USD 64.81, highlighting the recent selloff mentioned in the article. Despite this, BAC shows a slight positive movement with a 1-day change of +0.13%. The stock's dividend yield stands at 2.29%, and Pluang users currently show full buying interest with 100% buy orders and no sell orders, reflecting confidence in the stock's value after the downgrade in price levels.
Bank of America announced plans to hire 1,000 additional apprentices over the next two years, expanding opportunities in Consumer Banking, Technology, and Operations. The bank is also committing $150 million over five years to support workforce devel...
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The Federal Reserve raised interest rates to 4.00%, benefiting Bank of America (BAC) with an expected $1 billion increase in net interest income due to its asset-sensitive balance sheet. Despite this mechanical earnings boost, BAC's stock dropped 3% ...
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