UBS Group Trims Bank of America Price Target to $62

Analysts remain bullish on the financial services giant despite modest target reduction

Apr. 8, 2026 at 1:28pm

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UBS Group has lowered its price target on shares of Bank of America (NYSE: BAC) from $67.00 to $62.00, while maintaining a 'buy' rating on the stock. The new target still represents a potential upside of over 23% from the stock's current trading price.

Why it matters

The price target adjustment by UBS Group reflects a broader trend among major banks and research firms, who are trimming their targets for Bank of America modestly while keeping constructive outlooks and bullish ratings on the stock. This suggests analysts see continued upside potential in the financial services giant, even as some near-term headwinds emerge.

The details

In its report, UBS cited a number of factors behind the target reduction, including a more cautious view on the pace of interest rate hikes and their impact on Bank of America's net interest income growth. However, the firm maintained its 'buy' rating, indicating it still sees significant upside in the stock at the new $62 price target.

  • Bank of America will report its Q1 2026 results and host an investor call on April 15, which is the primary near-term catalyst for the stock.

The players

UBS Group

A global financial services firm that provides investment banking, asset management and wealth management services.

Bank of America

A multinational financial services company headquartered in Charlotte, North Carolina that offers a broad array of banking, investment, asset management and related financial products and services.

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What they’re saying

“UBS Group lowered their price target on shares of Bank of America from $67.00 to $62.00 and set a "buy" rating for the company in a report on Tuesday.”

— UBS Group, Equity Research Analysts

What’s next

Investors will be closely watching Bank of America's Q1 2026 earnings report on April 15 for any updates on the company's performance and outlook that could impact the stock price.

The takeaway

Despite the modest price target reduction, the overall sentiment from major banks and research firms on Bank of America remains bullish. The company's diversified business model, strong franchise, and potential for continued growth appear to outweigh near-term headwinds, suggesting the stock still has room to run.