SeekingAlpha · Oct 31, 2026
Bank of America: Clearly A Buy Below $50, While Preferreds Boost Quarterly Income
Bank of America common shares and preferreds both present attractive risk/reward. Read to know what investors can get for both.
NYSE · BAC
Bank of America Corporation
Financial Services · Banks - Diversified
$50.01
Down-$1.13 (-2.21%)
Updated Oct 31, 2026, 11:44 PM
SID Score
6.4/10
Composite research score
Smart Money
38/100
Bearish
- Market cap
- 398.5B
- P/E ratio
- 13.74
- Dividend yield
- 2.16%
- 52-week range
- $46.12 – $65.23
- Volume
- 43.07M
- Avg. volume
- 35.1M
Price performance · BAC
BAC price history
1M range · 21 trading sessions · Daily adjusted prices
Prices through Oct 30, 2026
BAC closed at $50.01 after 21 trading sessions, down 6.96% for the selected period.
- Last close
- $50.01
- Period change
- -6.96%
- Period low
- $50.01
- Period high
- $54.58
Daily close
View OHLC price history
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 30, 2026 | $51.03 | $51.3366 | $49.78 | $50.01 | 43.07M |
| Oct 29, 2026 | $51.74 | $52.039 | $51.12 | $51.14 | 32.44M |
| Oct 28, 2026 | $50.90 | $51.21 | $50.61 | $50.85 | 25.8M |
| Oct 27, 2026 | $50.935 | $51.10 | $50.49 | $50.68 | 24.59M |
| Oct 26, 2026 | $50.725 | $51.495 | $50.455 | $50.52 | 32.36M |
| Oct 23, 2026 | $50.73 | $50.92 | $50.30 | $50.56 | 27.38M |
| Oct 22, 2026 | $50.44 | $51.21 | $50.20 | $51.08 | 37.44M |
| Oct 21, 2026 | $51.085 | $51.2231 | $50.52 | $50.78 | 35.18M |
| Oct 20, 2026 | $50.18 | $51.295 | $50.01 | $50.64 | 43.64M |
| Oct 19, 2026 | $51.24 | $51.53 | $50.20 | $50.39 | 42.79M |
| Oct 16, 2026 | $52.14 | $52.64 | $51.21 | $51.23 | 64.34M |
| Oct 15, 2026 | $51.46 | $52.06 | $51.09 | $51.70 | 45.89M |
| Oct 14, 2026 | $49.83 | $51.52 | $49.255 | $51.39 | 118.02M |
| Oct 13, 2026 | $54.44 | $54.8499 | $53.64 | $53.96 | 45.05M |
| Oct 12, 2026 | $54.50 | $54.93 | $54.235 | $54.58 | 23.98M |
| Oct 9, 2026 | $53.41 | $54.395 | $53.41 | $54.32 | 28.78M |
| Oct 8, 2026 | $52.98 | $53.61 | $52.24 | $53.61 | 59.81M |
| Oct 7, 2026 | $53.19 | $53.68 | $52.91 | $53.52 | 30.92M |
| Oct 6, 2026 | $54.27 | $54.455 | $53.88 | $54.09 | 25.38M |
| Oct 5, 2026 | $54.04 | $54.3395 | $53.69 | $54.00 | 34.99M |
| Oct 2, 2026 | $53.89 | $54.00 | $53.305 | $53.75 | 35.09M |
Latest BAC news
The latest Smart Investors Daily articles mentioning BAC.
Stock researchCompany · Overview
Company
Market Activity
Research & News
BAC research
Overview
Company profile and research snapshot.
Company profile
Bank of America is one of the largest financial institutions in the United States, with more than $3.2 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
Visit company websiteAnalyst outlook
Consensus and target data currently published for this company.
- Consensus
- Buy
- Average target
- $57.86
- Implied upside
- —
- Analysts
- 17
| Date | Firm | Rating | Target |
|---|---|---|---|
| Oct 15, 2026 | Baird | Outperform | — |
| Oct 15, 2026 | Truist Securities | Buy | — |
| Oct 15, 2026 | RBC Capital | Outperform | — |
| Oct 15, 2026 | Keefe, Bruyette & Woods | Outperform | — |
| Oct 15, 2026 | Morgan Stanley | Overweight | — |
News briefing
Generated Oct 31, 2026, 9:07 PM
Why Is BAC Down Today?
Bank of America shares declined 2.21% today amid a mixed bag of positive strategic developments and concerning regulatory headwinds. While the company is expanding into new growth areas like tokenization and receiving support from major analysts, mounting pressure from Senator Elizabeth Warren over anti-money-laundering violations is weighing on investor sentiment.
Bottom line: Bank of America presents a classic risk-reward scenario: attractive valuation and strategic growth initiatives are offset by regulatory uncertainties that could escalate beyond the recent $1.21 billion fine. Investors should monitor the criminal probe outcome closely while recognizing that analyst support and expansion into tokenization offer meaningful upside catalysts if regulatory headwinds subside.
Yahoo · Oct 31, 2026
Tech Bonds Are 'Diamonds in the Rough': Bank of America's Hartnett Says
Bank of America’s top strategist has found value in an unloved corner of the AI trade: the bonds of the companies paying for it. “Buy tech bond ‘diamonds-in-rough’ as AI hyperscalers up equity issuance, cut buybacks,” Michael Hartnett, chief investment...
SeekingAlpha · Oct 31, 2026
Bank of America: Convertible Series L Delivering High Income With Equity Participation
Bank of America Series L convertible preferred shares offer a ~6.2% yield. Explore their equity upside and hybrid risk in this article.
Yahoo · Oct 31, 2026
Bank of America (BAC) Enters New States As It Joins $30 Trillion Tokenization Push
Bank of America (NYSE:BAC) is opening its first financial centers in Wisconsin, with further branches planned in Alabama and Louisiana. The branch rollout includes new hiring and capital investment as the bank extends its mix of in-person and digital services. Bank of America has joined a major Wall Street tokenization project that targets parts of the US$30 trillion asset market. The branch expansion and tokenization push matter, but investors still need to weigh Bank of America's broader...
AI research layers
Interpretive context generated from the platform’s current data sources.
Bank of America Stock Performance
Bank of America Corporation shares closed at $50.01, reflecting a daily decline of approximately 0.66%, per SID market data. The stock has experienced significant downward pressure across multiple timeframes, falling 6.92% over the past month and 19.96% over the trailing three months. On a one-year basis, BAC has declined 12.65%, underperforming broader market benchmarks. Technical indicators confirm the bearish momentum, with the 14-day relative strength index registering at 20.7, placing the stock firmly in oversold territory. BAC currently trades well below both its 50-day moving average of $56.44 and its 200-day moving average of $54.64, according to Massive/Polygon data. The stock carries a beta of 1.304, indicating higher sensitivity to market movements than the broader index. Average daily trading volume stands at approximately 35.1 million shares, and the company maintains a market capitalization of roughly $398.5 billion.
Bank of America Valuation Analysis
Bank of America trades at a price-to-earnings ratio of 13.74, positioning the stock at a moderate valuation within the Financial Services sector, per SID market data. The company's PEG ratio stands at 1.83, suggesting the current earnings multiple slightly exceeds the implied growth rate when factored together. BAC's price-to-book ratio registers at 1.34, according to SEC filings, indicating the market values the company at a modest premium to its book value — a common characteristic among large-cap banks with diversified revenue streams. The stock offers a dividend yield of approximately 1.98%, providing income-oriented investors with a meaningful return component amid the recent share price decline. With shares trading roughly 11.4% below the 50-day moving average and 8.5% below the 200-day moving average, the valuation compression has been notable. These metrics collectively reflect a stock that has repriced lower relative to its recent historical trading ranges.
Smart Money Activity for BAC
Bank of America's composite smart money score stands at 38 out of 100, generating a bearish signal, per SID market data. The institutional component scores a perfect 25 out of 25, reflecting strong ownership from major asset managers and pension funds through 13F institutional filings. However, other smart money categories present a weaker picture: insider activity scores 0.0 out of 25, dark pool activity registers at 9.3 out of 25, and congressional trading scores 3.2 out of 25. According to SEC Form 4 filings, corporate insiders executed five transactions over the past 90 days, comprising three purchases and two sales. The slight lean toward insider buying is notable given the stock's steep decline, though the low insider score suggests the volume and conviction behind those purchases remain limited. The divergence between strong institutional positioning and weak readings across insider, dark pool, and congressional channels contributes to the overall bearish composite signal, indicating mixed confidence among sophisticated market participants.
Bank of America Earnings Outlook
Bank of America has demonstrated a mixed but generally positive earnings trajectory across recent quarters, according to company earnings reports. In the most recent reported quarter, BAC posted earnings per share of $1.08 against a consensus estimate of $1.11, resulting in a miss of $0.03. However, the prior two quarters showed consistent outperformance: the company reported $1.21 per share versus the $1.11 estimate in the preceding quarter, representing a $0.10 positive surprise, and $1.11 per share against a $1.01 estimate the quarter before that, also a $0.10 beat. Analysts currently estimate earnings of $0.99 per share for the upcoming quarter, per analyst estimates. The sequential earnings pattern shows figures ranging from $1.01 to $1.21 in estimates and actuals, reflecting relatively stable profitability. The slight miss in the latest quarter may have contributed to the recent share price weakness observed across the trailing one-month period.
Wall Street Analyst Ratings for BAC
Wall Street analysts maintain a predominantly positive outlook on Bank of America, per SID consensus data. In the most recent round of ratings, five firms issued assessments, with the majority reaffirming bullish stances. Notably, Baird upgraded BAC to Outperform from Neutral, representing the sole rating change and signaling increased confidence following the stock's sharp decline. Truist Securities reiterated its Buy rating, while RBC Capital and Keefe, Bruyette & Woods both maintained Outperform designations, according to Wall Street analyst reports. Morgan Stanley continued its Overweight rating on the stock. The clustering of positive reaffirmations, combined with Baird's upgrade, suggests that analysts view the recent 19.96% three-month decline as creating a more attractive entry point rather than reflecting fundamental deterioration. All five ratings were issued on the same date, coinciding with the post-earnings period. The consensus tilt remains firmly positive, with no Hold or underperform ratings among the most recent batch of coverage updates.
