Bank of America stock falls 3 percent as earnings date nears

Published on 09/23/2026 at 13:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America stock closed at USD 57.97 on September 23, 2026, after a 3 percent drop the prior session. Q2 revenue reached USD 31.56 billion.

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 Corporation (ISIN US0605051046) closed at USD 57.97 on the NYSE on September 23, 2026, up USD 0.24, or 0.42 percent, from the previous close of USD 57.73. The stock remains below its 52-week high of USD 65.23 and above its low of USD 46.12.

September selling resets the chart

Bank of America shares fell 3.0 percent to USD 56.20 on September 22, 2026, after trading as low as USD 56.07. The move left the stock 8.4 percent below its level one month earlier and 5.6 percent lower over the previous week, according to the dated market review published by GuruFocus on September 23, 2026.

The market value was approximately USD 405.37 billion on September 23, 2026, while reported volume stood at 22,671,505 shares. The 52-week range of USD 46.12 to USD 65.23 places the latest close about USD 7.26 below the yearly high.

Second-quarter earnings beat estimates

Bank of America reported USD 31.56 billion in revenue for the second quarter of fiscal 2026, up 19.6 percent from the comparable quarter, according to MarketBeat on September 22, 2026. Quarterly earnings were USD 1.21 per share, beating the USD 1.13 consensus estimate by USD 0.08.

The same second-quarter report showed a net margin of 17.56 percent and return on equity of 12.20 percent. The earnings comparison is important because the prior-year quarter produced EPS of USD 0.89, leaving the latest result USD 0.32 higher.

Analyst targets remain above the close

MarketBeat reported on September 22, 2026, that 21 analysts rated Bank of America a Buy and six rated it Hold. The resulting consensus was Moderate Buy with an average target price of USD 64.08, USD 6.11 above the September 23 close.

Individual views remain spread across a wide range. MarketBeat reported that JPMorgan raised its target from USD 62.50 to USD 68.00 on July 29, 2026, while Keefe, Bruyette and Woods lifted its target from USD 67.00 to USD 70.00 on July 15, 2026. Jefferies reaffirmed a Buy rating with a USD 75.00 target on July 14, 2026.

October results set the next test

Yahoo Finance lists October 14, 2026, as Bank of America's next earnings date. The September 2026 consensus estimate is USD 1.18 per share, compared with USD 1.21 reported for the second quarter, according to Yahoo Finance.

Bank of America stock closed at USD 57.97 on the NYSE on September 23, 2026. The next earnings date and the USD 64.08 analyst consensus target provide the clearest dated reference points for the stock after the recent decline.