Bank of America (NYSE:BAC) is a major player in the financial services industry, offering a wide range of banking and financial products. It competes with other large banks like JPMorgan Chase and Wells Fargo. On January 15, 2026, Truist Financial set a price target of $60 for BAC, suggesting a potential price increase of 14.33% from its current trading price of $52.48.
Bank of America recently reported strong fourth-quarter results for 2025, surpassing expectations in both revenue and earnings per share. The bank's consumer banking and wealth management divisions showed solid year-over-year growth, highlighting its ability to perform well in key areas. This performance supports the positive outlook reflected in Truist Financial's price target.
The bank's credit quality remains resilient, and its operating leverage is robust. Provisions for credit losses were significantly lower than anticipated, which is a positive sign for investors. Management forecasts a 6% growth in net interest income for 2026, driven by the repricing of fixed-rate assets and steady loan growth. This growth potential aligns with the optimistic price target set by Truist Financial.
Currently, BAC's stock price is $52.48, reflecting a decrease of 3.78% or $2.06. The stock has fluctuated between a low of $51.66 and a high of $53.48 today. Over the past year, BAC has reached a high of $57.55 and a low of $33.07. With a market capitalization of approximately $383.24 billion, BAC remains a significant player in the financial sector.
