Daiwa Securities Lowers Bank of America Price Target

Investment firm cites lower earnings outlook for financial services provider

Apr. 7, 2026 at 1:57pm

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An extreme close-up of intricate, polished metal banking mechanisms and components, conveying the institutional power and security of the financial industry.As Daiwa Securities lowers its price target for Bank of America, the image reflects the complex financial machinery that underpins the banking giant's operations.Charlotte Today

Daiwa Securities Group has reduced its price target for shares of Bank of America (NYSE:BAC) from $62.00 to $58.00, while maintaining a 'buy' rating on the stock. The brokerage cited a lower earnings outlook for the financial services company in a research report issued on Tuesday.

Why it matters

This price target adjustment by a major investment firm signals potential headwinds for Bank of America, one of the largest banks in the United States. The lower target could impact investor sentiment and the stock's performance in the near term.

The details

Daiwa Securities Group lowered its price objective on shares of Bank of America, citing a more cautious earnings outlook for the financial services provider. The firm currently has a 'buy' rating on the stock, though the new $58.00 price target represents a potential upside of 16.19% from the stock's current trading price.

  • Daiwa Securities Group issued the updated research report on Tuesday, April 7, 2026.

The players

Daiwa Securities Group

A major Japanese securities and investment banking firm that provides research coverage on Bank of America.

Bank of America

One of the largest financial services companies in the United States, offering a wide range of banking, investment, and asset management products and services.

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What’s next

Investors will be closely watching Bank of America's upcoming earnings report and guidance to assess the impact of the Daiwa Securities price target adjustment.

The takeaway

This price target reduction by a major investment firm suggests potential challenges ahead for Bank of America, as the company navigates a more uncertain economic environment. Investors will be looking for signs of how the bank is adapting its strategies to maintain profitability.