Bank of America stock enters October with a USD 65.00 HSBC target

Published on 09/30/2026 at 09:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC began coverage with a Buy rating and a USD 65.00 target on September 28, 2026. Bank of America posted USD 9.1 billion in Q2 net income.

Fotorealistisches Hochhaus einer Großbank in Charlotte bei Sonnenuntergang — Bank of America Corp. Hauptquartier als modernes Glasgebäude bei goldenem Abendlicht, ISIN US0605051046, Illustration mit AI erstellt.

Bank of America (ISIN US0605051046) was trading at EUR 48.61 at Lang & Schwarz on September 30, 2026 at 9:05 a.m. CEST, up 0.33 percent versus the prior close of EUR 48.45. The latest analyst action gives the stock a defined checkpoint before the bank's next earnings release.

HSBC sets a USD 65.00 target

MarketBeat reported on September 28, 2026 that HSBC initiated coverage with a Buy rating and a USD 65.00 price target. The target is 15.21 percent above the USD 56.38 share price cited in that report.

MarketBeat also reported that Jefferies retained a Buy rating while cutting its target from USD 75.00 to USD 70.00. The contrast matters because the latest target change was negative even as the broader analyst consensus remained Moderate Buy.

Q2 earnings set a high bar

For the quarter ended June 30, 2026, Bank of America generated USD 31.6 billion in revenue, up 15 percent year over year, according to Fortune. Net income rose 27 percent to USD 9.1 billion, while diluted EPS increased 34 percent to USD 1.21.

Bank of America reported a 17.0 percent return on tangible common equity for Q2 2026 and listed USD 2.025 trillion in total deposits at June 30, 2026. Management also expects full-year 2026 net interest income growth at the upper end of its 6 percent to 8 percent range, making deposit growth and loan demand important markers for the next report.

October 14 is the next checkpoint

The company lists October 14, 2026 as its next quarterly earnings release date. That report will test whether the 15 percent revenue growth and 34 percent EPS growth from Q2 can continue while the bank operates against tougher comparisons.

At Lang & Schwarz, Bank of America was trading at EUR 48.61 on September 30, 2026 at 9:05 a.m. CEST, plus 0.33 percent versus the EUR 48.45 prior close. The stock's USD 390.0 billion market capitalization and USD 46.12 to USD 65.23 52-week range provide additional scale for the current quotation.