Bank of America stock falls as Goldman Sachs trims price target but keeps Buy rating

Bank of America Corporation stock (ISIN US0605051046) retreated to USD 59.52 at the close on September 17, 2026, after what was described as its worst single-day drop since April 2025, while Goldman Sachs lowered but reaffirmed its Buy rating and USD 76.00 price target, still implying roughly 27.6 percent upside from that closing level, according to The Globe and Mail.

Goldman Sachs trims target but keeps Buy

As Barchart summarized on September 16, 2026, Goldman Sachs cut its Bank of America price target from USD 79.00 to USD 76.00, a reduction of USD 3.00 or about 3.8 percent, while maintaining a Buy rating and signaling that the bank remains favorably viewed even as expectations are calibrated.

According to the analyst overview cited by The Globe and Mail on September 17, 2026, analysts tracked in that survey assign Bank of America a Strong Buy consensus rating with an average price target of USD 68.64, indicating about 15.32 percent upside potential from recent trading levels and underscoring that the broader street still expects gains despite the latest setback.

Consensus targets still point to upside and risks

A separate snapshot of Wall Street views compiled by MarketBeat and reported on September 18, 2026 indicates that 21 research analysts currently rate Bank of America stock Buy and six rate it Hold, resulting in an overall Moderate Buy recommendation and a consensus price target of USD 64.08, which implies roughly 7.7 percent upside from the USD 59.52 closing price cited there.

For investors, one key counter-factor flagged by valuation-focused research is concern about dividend sustainability at current payout levels, with GuruFocus on September 18, 2026 describing Bank of America as about 6.7 percent overvalued relative to its GF Value metric and highlighting dividend sustainability as an area investors are watching closely.

Recent price action and market context

Price data from September 18, 2026 show that Bank of America shares traded lower again, with a closing level of USD 57.73 on the New York Stock Exchange, down USD 0.45 or 0.77 percent on the day, according to a US market summary published by Zaikei.

In that same wrap of the September 18, 2026 session, Zaikei notes that major US indices finished mixed as Treasury yields moved higher, a backdrop that can weigh on bank valuations even as higher rates support net interest income, adding context for Bank of America’s recent share price pressure.

Stock level and investor takeaway

With Bank of America stock closing at USD 57.73 on the New York Stock Exchange as of September 18, 2026 and consensus analyst targets ranging from USD 64.08 to USD 68.64, the shares currently trade several dollars below the average expected level, while a reduced yet still bullish Goldman Sachs target at USD 76.00 highlights both the perceived upside and the more cautious tone that has emerged after the latest decline.

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