Bank of America Corporation (NYSE:BAC) ranks among the best stocks for a couch potato portfolio.
On April 23, Freedom Broker boosted Bank of America’s (NYSE:BAC) price target to $65 from $61, maintaining a Buy rating on the company’s shares
The firm emphasized the bank’s solid first-quarter 2026 performance, which beat market forecasts in earnings per share, revenue, and key operating indicators. Bank of America announced GAAP EPS of $1.11, rising 25% year-over-year and 13% quarter-over-quarter, above the $1.01 estimate by 9.6%. Deposit fees came in at 1.99%, beating expectations by 7 basis points.
Meanwhile, fee income increased by 5 cents, mostly due to better asset management performance. Investment banking fees of $1.84 billion also met average forecasts, with advising, equity capital markets, and debt capital markets all in line. In a similar vein, following the company’s Q1 2026 results, Truist Securities boosted its price target for Bank of America Corporation (NYSE:BAC) to $61 from $57 on April 16, keeping a Buy rating on the company’s shares.