Bank of America refines capital return strategy, shares track S&P 500 banks

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 13:04.

Bank of America (US0605051046) sits at the center of the U.S. money-center banks on the NYSE as investors position ahead of the Federal Reserve’s annual stress-test capital decisions and the next earnings date on 2026-07-14.

What analysts expect for BAC

Bank of America is a key component of the S&P 500 financials sector alongside peers JPMorgan Chase and Wells Fargo, and consensus continues to see it as a core U.S. bank holding according to data collated by MarketScreener, which shows a majority of Buy and Hold ratings on the shares. MarketScreener’s Bank of America consensus page reports an average analyst price target clustered in the high?50 to low?60 US?dollar range, underlining a moderate upside view from current levels.

JPMorgan analysts in a recent sector note on large U.S. banks highlighted Bank of America’s sensitivity to Federal Reserve rate cuts but also pointed to its solid deposit franchise and fee income as stabilizing factors in a normalizing rate environment, viewing the group as a beneficiary of a soft?landing scenario in the United States. A Reuters summary of the JPMorgan sector view emphasized that large money?center banks including Bank of America trade at valuations still below long?term averages despite improved asset?quality metrics.

Capital, CCAR and earnings calendar

For U.S. bank investors the next key date is the 2026 Comprehensive Capital Analysis and Review (CCAR) disclosure by the Federal Reserve, which frames how much capital Bank of America and peers such as Citigroup and Goldman Sachs can return via dividends and buybacks over the coming year, with results traditionally released in late June each year by the Fed in Washington. The Federal Reserve’s stress?test overview sets out how these annual exercises determine each bank’s stress?capital buffer and influence payout decisions.

On the micro side, Bank of America’s next quarterly report is scheduled for 2026-07-14, a date also flagged on several market?data platforms that track BAC on the NYSE, giving investors a clear near?term catalyst to update views on net interest income trends, fee income and loan?loss provisioning across its consumer and corporate franchises. TrendSpider’s BAC data page lists 2026-07-14 as the upcoming earnings date and notes that the shares have delivered a low?double?digit percentage gain over the past month.

How Bank of America makes its money

Bank of America’s business model combines a large U.S. consumer bank with a global corporate and investment bank under the Merrill and BofA Securities brands, spanning retail deposits, credit cards, mortgages, wealth management, transaction services, trading and advisory mandates for corporations and institutions worldwide.

Where the Bank of America shares trade today

The Bank of America shares (US0605051046) trade on 2026-06-23, 11:00 on the NYSE at 57.37 US dollars.

This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. Investors should conduct their own research and consider consulting a licensed financial advisor before making investment decisions.