Is Bank of America (BAC) the Best Undervalued Financial Stock to Buy Now?

Is Bank of America (BAC) the Best Undervalued Financial Stock to Buy Now? Jeff Lewis Sun, May 31, 2026 at 11:43 AM GMT+2 2 min read BAC TFC Bank of America Corporation (NYSE:BAC) is one of the 12 Undervalued Financial Stocks to Buy Now . 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. Is Bank of America (BAC) the Best Undervalued Financial Stock to Buy Now? 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.

While we acknowledge the potential of BAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the   best short-term AI stock . READ NEXT:  33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy .

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