TD Cowen keeps Hold rating on Bank of America stock

Published on 10/08/2026 at 16:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 31.56 billion, up 19.60 percent year over year. Bank of America stock stands at EUR 47.11 on October 8, 2026 after EUR 47.63.

Key points in brief

TD Cowen reiterated a Hold rating and set a USD 60.00 price target on October 8, 2026.
Bank of America reported second-quarter revenue of USD 31.56 billion, up 19.60 percent year over year.
The Lang & Schwarz price was EUR 47.11 on October 8, 2026, down 1.09 percent versus EUR 47.63.
Bank of America is scheduled to report third-quarter results on October 14, 2026.

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Bank of America (ISIN US0605051046) stock was at EUR 47.11 at Lang & Schwarz on October 8, 2026 at 4:34 p.m. CEST, down 1.09 percent versus the EUR 47.63 prior close. MarketBeat reported on October 8, 2026 that TD Cowen reiterated a Hold rating and set a USD 60.00 price target.

Three target signals in sequence

On September 24, 2026, Jefferies cut its Bank of America target from USD 75.00 to USD 70.00 while keeping a Buy rating, according to MarketBeat.

On October 1, 2026, Truist Financial cut its target from USD 65.00 to USD 62.00 and retained a Buy rating, MarketBeat reported.

On October 8, 2026, TD Cowen kept Hold and set USD 60.00. The target is USD 12.89 above the Lang & Schwarz price, but the currencies differ, so no percentage distance is calculated.

What does the earnings date test?

Reuters reported on October 8, 2026 that Bank of America will release third-quarter results on October 14, 2026. The bank expects investment banking fees to drop by at least 10 percent in the third quarter, while sales and trading revenue is expected to be flat.

That setup puts the next report against the second-quarter figures. MarketBeat reported second-quarter earnings per share of USD 1.21 against USD 1.13 consensus and revenue of USD 31.56 billion against USD 30.78 billion consensus. Revenue increased 19.60 percent year over year.

Price and market value

On the NYSE, Bank of America was last at USD 52.78 on October 8, 2026 at 10:39 a.m. ET. Its market capitalization was USD 374.6 billion, and its 52-week range was USD 46.12 to USD 65.23.

At Lang & Schwarz, the stock was trading at EUR 47.11 on October 8, 2026 at 4:34 p.m. CEST, down 1.09 percent versus the EUR 47.63 prior close of October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Bank of America stock.