RESEARCH REPORT
Bank of America Corporation
BAC
$50.01
As of 2026-11-01
Research note — 2026-11-01. Educational analysis, not financial advice.
The one-line version
Bank of America Corporation trades near $50.01 on a trailing multiple of about 11.9x versus its own 5-year median near 11.9x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own 5-year median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~11.9 | ~11.9 | -0% |
| P/E (forward) | ~9.6 | — | — |
| EPS (TTM) | 4.19 | — | — |
| Gross margin | n/a% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- 5-year median P/E multiple: $50.01 — Applies the 5-year median multiple (11.9x) to trailing EPS.
- Street mean target: $62.84 — Average published analyst target.
- Street target midpoint: $63.50 — Midpoint of $56.00–$71.00 published range.
Street targets run from $56.00 to $71.00. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- What the Big Banks' Third-Quarter Reports Say About Credit Card Borrowers
- Bank of America: Clearly A bullish Below $50, While Preferreds Boost Quarterly Income
- Tech Bonds Are 'Diamonds in the Rough': Bank of America's Hartnett Says
Sign up free to read the full analysis
Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Bank of America: Convertible Series L Delivering High Income With Equity Participation
- Bank of America (BAC) Enters New States As It Joins $30 Trillion Tokenization Push
- DoorDash Has Disappointed for a Year: Why Bank of America Sees 44% Upside
Sign up free to read the full analysis
Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~11.9x rather than its 5-year ~11.9x, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
Sign up free to read the full analysis
Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 2027-01-15
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
Sign up free to read the full analysis
Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-01 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 6, 2026|Wall Street Sees US Hitting $41.1 Trillion Debt Cap in February(Yahoo)
Wall Street strategists are bracing for the US Treasury to hit against its borrowing limit as early as February, triggering the need for extraordinary measures before it faces a funding crunch in late 2027.
Nov 6, 2026|Bank of America’s Holly O’Neill: “I’m Very Bullish on What AI Has in Store for Us”(Yahoo)
The president of consumer, retail, and preferred banking at Bank of America speaks with Barron’s about her 30-year career and what’s next for financial innovation.
Nov 6, 2026|SunCar Stock Faces Major Test After 26% Revenue Surge(Yahoo)
Improving profitability masks a demanding final-quarter revenue target.
Nov 6, 2026|Tripadvisor downgraded by BofA as CEO and CFO exits add risk(Yahoo)
Tripadvisor Inc (NASDAQ:TRIP) earnings recovery could take longer than expected, Bank of America warned, downgrading the company to "underperform" from "buy" and cutting its target to $8 from $15. The bank cited slowing growth and traffic disruption, with the CEO and CFO departing over the...
Nov 6, 2026|Boot Barn has a plan to win holiday shoppers, and BofA likes it(Yahoo)
Bank of America is standing by Boot Barn stock as the western wear retailer sharpens its holiday playbook.
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
| Date | Executive | Action | Shares | Value |
|---|---|---|---|---|
| Nov 3, 2026 | MOYNIHAN BRIAN T (Chair and CEO) | Sell | 20,700 | $0 |
| Nov 3, 2026 | MOYNIHAN BRIAN T (Chair and CEO) | Sell | 9,500 | $0 |
| Nov 3, 2026 | MOYNIHAN BRIAN T (Chair and CEO) | Sell | 8,400 | $0 |
| Oct 30, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 200 | — |
| Oct 30, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 1,450 | — |
| Oct 30, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 700 | — |
| Oct 27, 2026 | BANK OF AMERICA CORP /DE/ | Buy | 3,070 | $70,548.6 |
| Oct 27, 2026 | BANK OF AMERICA CORP /DE/ | Sell | 302 | $6,693.83 |
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| State Street | 299,782,707 | $17.1B | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.