​Bank of America Corporation (NYSE:BAC) is one of the Ridiculously Cheap Stocks to Buy According to Wall Street Analysts. On March 26, Truist Securities lowered its price target on Bank of America Corporation (NYSE:BAC) from $60 to $57.

​The firm noted that the reduced price target reflects valuation concerns regarding the bank. Truist noted raising its 2026 EPS from $4.30 to $4.33, but maintained the 2027 EPS estimates steady at $4.95. The firm noted that the improved EPS estimates are based on positive trends in trading, investment banking, wealth management fees, and net interest income. These are driven by loan and deposit growth.

​Moreover, the firm forecasts Q1 2026 EPS estimates at $1.30, which tops the consensus of $1.01. Analyst at Truist expects 170 basis points of positive operating leverage, along with 8% year-over-year growth in net interest income. In addition, the expense is expected to grow by 4.5%. The firm also anticipates a 6% year-over-year increase in fee income, driven by double-digit increases in investment banking.

​Bank of America Corporation (NYSE:BAC) is one of the world’s largest financial institutions. It serves individual consumers, small and middle-market businesses, and large corporations with a wide range of banking, investing, asset management, and other financial and risk management products and services.

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.

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