12 Undervalued Financial Stocks to Buy Now

6. Bank of America Corporation (NYSE:BAC)

On May 27, 2026, Bank of America Corporation (NYSE:BAC) Chairman and CEO Brian Moynihan said at the Bernstein Strategic Decisions Conference that the company feels good about its near-term outlook. Moynihan said Bank of America moved its full-year NII range from 5%-7% to 6%-8% and expects the current quarter to be “good and solid” on that front. Moynihan also said trading is tracking at roughly a 15% year-over-year increase, investment banking is in “pretty good shape,” and wealth management is growing in the low teens year-over-year.

Last month, Truist raised the firm’s price target on Bank of America Corporation (NYSE:BAC) to $61 from $57 and maintained a Buy rating on the shares after better-than-expected Q1 results. Truist incorporated 8% net interest income growth for the year, at the high end of the company’s new guidance range, along with better assumed growth in trading, investment banking, and wealth management fees.

Earlier in April, Bank of America Corporation (NYSE:BAC) reported Q1 EPS of $1.11, ahead of the consensus estimate of $1.02. Revenue totaled $30.3B, above the consensus estimate of $29.95B. The company also reported book value per share of $28.84, a CET1 capital ratio of 11.2%, and net charge-offs of 0.48%. Bank of America said EPS rose 25% year-over-year, net income reached $8.6 billion, and revenue growth of 7% included better-than-expected net interest income, up 9%, along with double-digit growth in sales and trading revenue, investment banking fees, and asset management fees.

Bank of America Corporation (NYSE:BAC) provides financial products and services to individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide.

Click to continue reading and see the 5 Undervalued Financial Stocks to Buy Now.

Disclosure: None. Follow Insider Monkey on Google News.