RBC cuts target for Bank of America stock to USD 60.00
Published on 10/26/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- RBC cut its Bank of America price target from USD 65.00 to USD 60.00 on October 15, 2026.
- Third-quarter 2026 revenue reached USD 30.00 billion, up 3.00 percent year over year.
- Bank of America stock costs EUR 45.64 at Lang & Schwarz on October 26, 2026 at 4:34 p.m. CET, 0.51 percent above the Xetra close of October 23, 2026.
- The next quarterly earnings release is scheduled for January 15, 2027.
RBC cut its price target for Bank of America from USD 65.00 to USD 60.00 on October 15, 2026, while keeping its Outperform rating, according to MarketScreener. Bank of America stock was trading at EUR 45.64 at Lang & Schwarz on October 26, 2026 at 4:34 p.m. CET, up 0.51 percent versus the Xetra close of October 23, 2026 at EUR 45.41.
RBC target remains above the price
The revised target is 17.69 percent above the USD 50.98 NYSE price of Bank of America at 11:38 a.m. EDT on October 26, 2026. The target cut narrows the gap while leaving RBC's rating unchanged.
Third-quarter revenue rose 3.00 percent
Bank of America reported USD 30.00 billion in third-quarter 2026 revenue on October 14, 2026, up 3.00 percent from USD 29.00 billion a year earlier. Net income reached USD 6.90 billion, compared with USD 8.30 billion in the third quarter of 2025. The result included a USD 1.20 billion regulatory settlement charge, while adjusted net income was USD 8.10 billion, according to the company's Bank of America release dated October 14, 2026.
How does the price compare?
The NYSE price of USD 50.98 stood within the 52-week range of USD 46.12 to USD 65.23 on October 26, 2026. Bank of America's market capitalization was USD 352.9 billion and its price-to-earnings ratio was 12.16 on the same date.
Results date is January 15
The next quarterly earnings release is scheduled for January 15, 2027, according to Bank of America. Investors will have the third-quarter charge and the bank's trading performance as two reference points for the next report.
Bank stocks show different valuations
JPMorgan Chase traded at USD 334.32 on the NYSE at 11:38 a.m. EDT on October 26, 2026, with a price-to-earnings ratio of 14.02 and a market capitalization of USD 888.7 billion. Citigroup traded at USD 122.19 on the NYSE at the same time, with a price-to-earnings ratio of 11.91 and a market capitalization of USD 205.0 billion.
Target cut sets the market context
The revised RBC target, the charge-adjusted earnings picture and the January reporting date give investors three dated reference points for Bank of America. At Lang & Schwarz, the stock was trading at EUR 45.64 on October 26, 2026 at 4:34 p.m. CET, 0.51 percent above the Xetra close of October 23, 2026 at EUR 45.41. The further course of trading is shown by the continuously updated real-time quote of Bank of America stock.
Bank of America stock facts
- Company: Bank of America Corporation
- ISIN: US0605051046
- Ticker: BAC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 26, 2026, 4:34 p.m. CET): EUR 45.64
- Change versus Xetra close: plus 0.51 percent
- Xetra close (October 23, 2026): EUR 45.41
- Market capitalization: USD 352.9 billion (as of October 26, 2026)
- 52-week range: USD 46.12-65.23 (as of October 26, 2026)
- Sector / Industry: Financial Services / Banks - Diversified
- Next earnings date: January 15, 2027
Market context: Market report S&P 500.
