Bank Of America Corp Dossier - Source-backed chat

Bank Of America Corp

BACNYSE

SectorFinancials

IndustryDiversified Banks

Beta (adjusted)1.11

Intrinsic Value

Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet.

Market Price $54.43Price as of 30 Sep 2026

Data confidenceNot applicable

Market Cap $380.6B

Shares Outstanding 7B diluted

Next Earnings Date14 Oct 2026

Last ex-dividend4 Sep 2026

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

Bank of America entered the second half of 2026 with strong operating momentum: second-quarter net interest income was $15.997 billion, total revenue was $31.558 billion, net income was $9.074 billion, ROTCE was 17.03%, and the efficiency ratio improved to 59.02%. Credit provision also declined year over year. These results support the franchise outlook, but the August 28 closing price of $62.32 was already close to the official investor-relations page's $65.23 trailing-year high. The risk/reward assessment uses the observable market range rather than an unsupported consensus estimate.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Street view · analyst 12-month targets22 analysts · as of 18 Aug 2026

Low · most bearish analyst$62.00

Mean target$68.77

High · most bullish analyst$75.00

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$62.0018%

A reversal in net interest income, worsening credit costs or loss of operating leverage could return the shares toward the lower end of their observed annual range. The bear target uses the issuer-reported $46.12 year low as a transparent downside anchor.

Base CaseCentral scenario

$68.7758%

Matches the consensus mean

The base case assumes strong 2Q26 performance is broadly maintained but that the current valuation already reflects much of the improvement.

Bull CaseUpside scenario

$75.0024%

Sustained net-interest-income growth, continued fee momentum and an efficiency ratio near or below 60% could support a retest of the trailing-year high.

Scenarios are anchored to street consensus at the research date, with our probabilities and rationale.

Key Investment Merits

Second-quarter 2026 net interest income increased to $15.997 billion from $14.670 billion, while total revenue increased to $31.558 billion from $27.443 billion.
Second-quarter ROTCE reached 17.03%, and the efficiency ratio improved to 59.02% from 62.61% a year earlier.
The franchise retained substantial scale, including $2.025 trillion of deposits and approximately 50 million active digital-banking users at June 30, 2026.

Key Investment Risks

Noninterest expense increased to $18.627 billion from $17.183 billion as revenue-related costs and investment in people, technology and marketing increased.
Results remain sensitive to interest rates, inflation, economic conditions, regulatory-capital requirements and the behavior of deposits and borrowing costs.
Credit deterioration, cybersecurity incidents, payment fraud, litigation or regulatory enforcement could weaken earnings and capital generation.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

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Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.