Bank of America stock falls after earnings miss and $1.2 billion penalty

Piper Sandler has lowered its price target on National Bank Holdings stock (NYSE:NBHC) to $45 from $49, maintaining an Overweight rating. The reduction in the price target is attributed to the recently announced impairment charges, which have impacted the company's earnings per share estimates. The firm has revised its 2026 earnings per share estimate to $2.11 from $2.84, with a 2026 estimate of $0.13, down from $0.84.

This downward adjustment reflects the credit concerns surrounding National Bank Holdings, with the new price target being 11.5 times the firm's 2027 earnings per share estimate. Despite the challenges, National Bank Holdings has taken steps to manage its franchise and healthcare services lending portfolios, and the company reported second-quarter 2026 earnings that exceeded Wall Street's profit expectations.

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