Bank of America is rated a Strong Buy with a price target of $78, implying a 26% upside from the current $62. The bank's strong earnings growth is driven by rising net interest income, stronger fee businesses, operating leverage, and aggressive share buybacks. In Q2 2026, revenue rose 15% year-over-year, net income increased 27%, and return on tangible common equity reached 17%, with growth across all major segments. Despite a forward P/E of 13.41x, its forward EPS growth of 18.11% and PEG ratio of 0.86 suggest it is undervalued compared to peers, making it an attractive investment opportunity.
Bank of America announced it will redeem all outstanding Floating Rate Senior Notes ($500 million) and Fixed/Floating Rate Senior Notes ($1.5 billion), both due September 2027, on September 15, 2026. The redemption price will be 100% of the principal...
Bank of America announced it will redeem all outstanding CAD425 million Floating Rate Senior Notes and CAD1 billion Fixed/Floating Rate Senior Notes due September 2027 on September 15, 2026. The redemption will be at 100% of principal plus accrued in...
