Bank of America stock holds near $61.94 after a 1.9% drop
Published on 08/21/2026 at 21:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Bank of America stock is trading at $61.94, and the shares are down 1.9% after opening Friday at that level, with a $433.13 billion market value and a 52-week range of $46.12 to $65.22. The latest quarter delivered $31.56 billion of revenue and $1.21 in EPS, while the bank also lifted its quarterly dividend from $0.28 to $0.32 per share.
Shares stay above key averages
The move leaves the stock above its 50-day moving average of $60.49 and its 200-day moving average of $54.62. That gap matters because the current price remains only 1.4% below the $62.09 level cited in another same-day market snapshot, while the consensus target sits at $64.08.
The stock's balance-sheet readout also stays in view, with a current ratio of 0.83, a quick ratio of 0.82 and debt-to-equity of 1.23. For investors, the combination of a $61.94 quote, a $64.08 consensus target and a 1.01 PEG ratio keeps valuation, not just headline earnings, at the center of the discussion.
Quarter numbers still set the tone
The most recent reported quarter shows revenue growth of 19.6% year over year, which gives the move a clearer fundamental backdrop than the day's price alone. The same report also showed earnings power strong enough to support the dividend increase to $0.32 per share.
A separate market summary put the bank's average rating at Moderate Buy and the target price at $64.08, a modest 3.5% above the $61.94 opening print. That spread is narrow, but it leaves room for the next earnings update to matter more than the current consensus stance.
Consumer banking stays central
One representative product line is Bank of America's consumer banking and digital-lending franchise, which continues to matter because it feeds deposit, card and mortgage activity. The latest same-day coverage also linked the stock to a high placement in a 2026 mortgage-home equity scorecard, reinforcing how closely investors are tracking that unit.
Bank of America stock last changed hands at $61.94 on August 21, 2026, and the market cap stood at $433.13 billion in the same session. With the 52-week high at $65.22 and the 50-day average at $60.49, the shares remain in the upper half of their yearly range.
Fact box
Company: Bank of America Corporation
ISIN: US0605051046
Ticker: BAC
Exchange: NYSE
Price (as of August 21, 2026, 11:31 a.m. ET): $61.94 USD
Market cap: $433.13 billion (as of August 21, 2026)
Sector / Industry: Financials / Banks - Diversified
Index membership: S&P 500
More on Bank of America stock
Investor Relations
