Bank of America shares continued their upward trend, trading at $56.67 (+0.25%) on February 9, supported by strong institutional interest and broader market gains reflecting improved consumer sentiment.
- An options scanner detected 27 uncommon trades, indicating institutional positioning around a price band of $30.0–$62.5, with sentiment leaning 48% bullish.
- Analysts maintain an average price target of $60.4. Over the last six months, BAC has outperformed its industry peer group by +23.7%, driven by four consecutive quarters of earnings beats.