Bank of America stock gains as Goldman Sachs lifts target to 79 dollars

Bank of America stock (ISIN US0605051046) is trading close to USD 62 on the New York Stock Exchange as of early September 2026, while Goldman Sachs has raised its target price for the shares to USD 79 in a fresh research update reported on September 9, 2026.Futunn describes the move as part of a maintained Buy rating, giving investors a clear bullish signal on the large US bank.

Goldman Sachs lifts upside for Bank of America

According to Futunn on September 9, 2026, Goldman Sachs analyst Richard Ramsden has reiterated a Buy rating on Bank of America and adjusted his target price from USD 74 to USD 79.

The new target implies roughly 26.1 percent upside versus a recent closing level of USD 62.68 for Bank of America stock cited in an analyst roundup, underscoring how strongly some Wall Street analysts now view the bank’s earnings and capital-return prospects.The Globe and Mail reports that Morgan Stanley sees upside to USD 67 and Jefferies to USD 75, framing Goldman’s USD 79 objective at the top end of a bullish range.

Analyst consensus and growth expectations

Analyst consensus remains positive: Bank of America has an overall Strong Buy consensus and a consensus price target of USD 68.50, which would represent about 9.5 percent upside from current levels around USD 62.The Globe and Mail highlights that Morgan Stanley maintains a Buy rating with a USD 67 target, while Jefferies also keeps a Buy recommendation with a USD 75 target.

Consensus estimates compiled by Yahoo Finance on September 9, 2026, point to revenue of USD 124.02 billion for the current fiscal year 2026 and USD 130.48 billion for 2027. This would mark an increase of about 5.2 percent year over year if the 2027 estimate is reached.

On the earnings side, the same overview shows an average EPS estimate of USD 4.67 for 2026 and USD 5.29 for 2027, implying expected earnings per share growth of roughly 13.3 percent in 2027 compared with 2026.Yahoo Finance also cites that year-ago EPS for the current year was USD 3.81, so the 2026 forecast of USD 4.67 would represent an increase of about 22.6 percent versus last year.

Dividend and valuation context

Income-focused investors are watching Bank of America’s dividend profile alongside the growth story. An analysis from GuruFocus dated September 9, 2026, notes that Bank of America offers a dividend yield of 1.84 percent with a payout ratio of just 26 percent and a three-year dividend growth rate of 7.9 percent.

The same valuation overview indicates that Bank of America stock was trading at USD 62.94 on September 9, 2026 and that this level stood approximately 16.3 percent above the platform’s GF Value estimate of USD 54.12.GuruFocus characterizes the shares as moderately overvalued on that intrinsic-value metric, even as it emphasizes that the dividend appears well supported by earnings and cash flow.

Recent filings summarized by MarketBeat on September 8, 2026, also point to a quarterly dividend of USD 0.32 per share, up from a previous USD 0.28. That increase lifts the annualized dividend to USD 1.28 per share and a yield of around 2.1 percent at a share price a little above USD 60, illustrating how capital returns are gradually becoming a larger part of the Bank of America investment case.

Retail flows and positioning

The broader positioning of Bank of America’s clients offers another angle on the stock. On September 9, 2026, GuruFocus reported Bank of America data showing that its clients were net purchasers of US equities for the second consecutive week, with inflows reaching USD 3.9 billion into individual stocks and USD 3.1 billion into equity ETFs.

These combined inflows of USD 7.0 billion marked the highest level since mid July and the sixth largest since 2008, underlining strong risk appetite among client accounts even though the broader S and P 500 index rose only 0.1 percent in the same period.GuruFocus notes that institutional and hedge fund activity helped drive the modest index gain, while private clients continued to trim their holdings, creating a nuanced picture of positioning across investor segments.

Stock level and investor takeaway

Bank of America stock most recently closed around USD 62 on the New York Stock Exchange in early September 2026, with volumes in recent sessions in the tens of millions of shares and a market capitalization in the tens of billions of dollars as of the latest available data from stock portals. At a share price of USD 62.34 reported for September 8, 2026, the stock was trading only modestly below the analyst consensus target of USD 64.08 cited by MarketBeat, which characterizes the shares as a Moderate Buy.

For investors, the combination of a rising dividend, forecast revenue growth from USD 124.02 billion in 2026 to USD 130.48 billion in 2027, and the prospect of EPS expanding from USD 4.67 to USD 5.29 over the same period offers a clearly quantified growth and income profile.Yahoo Finance shows growth estimates of 22.61 percent for EPS in 2026 compared with the prior year and 13.38 percent in 2027, which help explain why banks such as Goldman Sachs continue to see further upside to Bank of America stock even at current levels.

Bank of America stock price snapshot

As of September 8, 2026, Bank of America stock closed at USD 62.34 on the New York Stock Exchange, with the day’s move representing a slight decline of USD 0.34 from the prior close according to recent institutional filings coverage. The shares therefore stand only a few dollars below the USD 64.08 consensus target cited by MarketBeat and remain well within the range implied by individual analyst targets between USD 67 and USD 79.

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