Freedom Broker Raises Target on Bank of America (BAC) After Strong Q1 Results

Bank of America Corporation (NYSE:BAC) ranks among the best stocks for a sofa murphy portfolio. On April 23, Freedom Broker boosted Bank of America’s (NYSE:BAC) terms people to $65 from $61, maintaining a Buy standing connected the company’s shares. The steadfast emphasized the bank’s coagulated first-quarter 2026 performance, which bushed marketplace forecasts successful net per share, revenue, and cardinal operating indicators. Bank of America announced GAAP EPS of $1.11, rising 25% year-over-year and 13% quarter-over-quarter, supra the $1.01 estimation by 9.6%.

Deposit fees came successful astatine 1.99%, beating expectations by 7 ground points. Meanwhile, interest income accrued by 5 cents, mostly owed to amended plus absorption performance. Investment banking fees of $1.84 cardinal also met mean forecasts, with advising, equity superior markets, and indebtedness superior markets each successful line.

In a akin vein, pursuing the company’s Q1 2026 results, Truist Securities boosted its terms people for Bank of America Corporation (NYSE:BAC) to $61 from $57 connected April 16, keeping a Buy standing connected the company’s shares. Truist raised its net per stock expectations by 2% for 2026, discounting the first-quarter excess, and by 3% for 2027, owing to stronger revenues from some nett involvement income and fees, with lone a flimsy accommodation from accrued costs.

Along with greater maturation expectations successful trading, concern banking, and wealthiness absorption fees, the steadfast besides included 8% nett involvement income maturation this year, which is astatine the precocious fractional of Bank of America’s revised guidance range.

Bank of America Corporation (NYSE:BAC), done its subsidiaries, provides a scope of fiscal products and services to idiosyncratic consumers, small- and middle-market businesses, organization investors, ample corporations, and governments worldwide.

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