Bank of America shares rose approximately 1% to trade near $56.20 after Barclays significantly raised its price target and maintained an Overweight rating, citing strong expected earnings momentum.
- Barclays increased the price target to $71 from $59 as part of its 2026 large-cap bank outlook.
- The bank is expected to post EPS of $0.96 on revenue of $27.65 billion for the quarter ending December 2025, ahead of the scheduled January 14, 2026 results release.