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Evercore ISI and Truist Financial have recently lowered their price targets for Bank of America to $48.00 and $47.00, respectively, while Baird R W upgraded its rating to "strong-buy." The stock holds a "Moderate Buy" average rating with a consensus target price of $47.50. Institutional investors own 70.71% of the shares, and the company reported a quarterly earnings per share of $0.90, exceeding expectations. Bank of America also announced a quarterly dividend of $0.26, reflecting a 2.35% yield.
Barclays reduced its price target for Bank of America from $58 to $54, maintaining an "overweight" rating, while Oppenheimer raised its target from $50 to $51 with an "outperform" rating. Robert W. Baird upgraded the stock to "outperform" with a new target of $50, whereas Piper Sandler lowered its target to $42 with a "neutral" rating. The company has a "Moderate Buy" average rating from analysts, with a price target of $47.50, and recently reported earnings of $0.90 per share, exceeding expectations. Bank of America also announced a quarterly dividend of $0.26, yielding 2.35%.
Warren Buffett has sold approximately $3.23 billion of Berkshire Hathaway's stakes in Citigroup, Bank of America, and Capital One, continuing a trend of exiting major U.S. banks, including JPMorgan Chase and Wells Fargo. The firm has also completely divested from Citigroup and reduced its holdings in several other companies while increasing investments in Constellation Brands and Domino's Pizza. Berkshire's cash reserves have risen to $350 billion as of March 31st.
Piper Sandler has maintained a Hold rating on Bank of America (BAC) with a price target of $42.00, while the stock closed at $44.38. Analyst Scott Siefers, a 5-star analyst, has a 60.17% success rate and focuses on the Financial sector. Bank of America holds a Strong Buy consensus with a price target of $49.34, having a one-year high of $48.08 and a low of $33.07, with an average volume of 49.49M.
KBW analyst David Konrad has reaffirmed a Buy rating on Bank of America (BAC) with a price target of $52.00, while the stock closed at $44.38. The company reported a quarterly revenue of $46.99 billion and a net profit of $7.4 billion, showing significant growth from the previous year. The analyst consensus remains Strong Buy, with a price target average of $49.34, indicating an 11.18% upside.
Warren Buffett's recent portfolio adjustments reveal he has sold his remaining stake in Citigroup and reduced his holdings in Bank of America, while increasing his investment in Constellation Brands. Notably, he has also made a confidential new buy, raising questions about his future capital deployment strategies. Historically, Buffett tends to invest in familiar companies, suggesting a potential focus on consumer-related stocks.
Warren Buffett's Berkshire Hathaway has exited its $1 billion stake in Citigroup and significantly increased its investment in Constellation Brands, now holding over 12 million shares. This shift comes as younger consumers trend away from traditional beer towards cannabis-infused beverages, despite Constellation's Modelo brand thriving amid recent market changes. Meanwhile, Buffett has heavily invested in short-dated U.S. Treasury debt, reflecting a cautious yet strategic approach in a high-interest rate environment.
Warren Buffett's Berkshire Hathaway has significantly increased its investment in Constellation Brands, the owner of Modelo and Corona, while completely divesting its $1 billion stake in Citigroup. The firm also reduced its holdings in Bank of America and Capital One Financial, reflecting a strategic shift towards the beverage sector despite declining interest in traditional alcoholic beer among younger consumers. Buffett's approach continues to focus on long-term value, capitalizing on perceived undervaluation in the market.
Warren Buffett's Berkshire Hathaway reported a Q1 2025 portfolio shift, maintaining a cash reserve of $348 billion while doubling stakes in Pool Corp and Constellation Brands, reflecting confidence in consumer-driven sectors. The firm fully exited Citigroup and Nu Holdings, further reducing its financial sector exposure, and kept its significant Apple position unchanged. A confidential SEC filing suggests a potential new investment in the commercial or industrial sector, estimated between $1 billion and $2 billion.
Warren Buffett's Berkshire Hathaway sold 14.6 million shares of Citigroup and reduced its Bank of America holdings by 48.6 million shares, now owning 631 million shares valued at $28 billion. The company also trimmed its Capital One stake and eliminated its investment in Nu Holdings. Meanwhile, Berkshire doubled its stake in Constellation Brands to 12 million shares and requested confidentiality for certain equity holdings, reflecting a strategy to accumulate without alerting the market. Berkshire's Class B stock holds a consensus Moderate Buy rating among analysts, with a price target suggesting a 7.23% upside.
Bank of America Corporation
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