Bank of America Rating Upgraded on Q3 Net Interest Income Growth Outlook

Key Facts

1Bank of America is expected to benefit from Fed rate hikes and 3-4% Q/Q loan growth in Q3.

2BAC shares currently trade at 1.37x P/B with fair value estimates at 1.5x P/B.

Bank of America is expected to benefit from Federal Reserve rate hikes and loan growth of 3-4% quarter-over-quarter in Q3 2026, according to Seeking Alpha. The bank received a rating upgrade based on expectations for strong net interest income (NII) and overall earnings performance, driven by a resilient U.S. economy.

BAC shares currently trade at a price-to-book multiple of 1.37x, with fair value estimates positioned at 1.5x. Bank of America closed at $54.09 on October 6, 2026, while peers JPM and WFC closed at $331.28 and $81.51 respectively on the same date.