Bank of America Corp

Bank of America Corp Stock Forecast & Price Prediction

Live Bank of America Corp Stock (BAC) Price
$45.91

22

Ratings

  • Buy 16
  • Hold 5
  • Sell 1
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$45.91

P/E Ratio

16.63

Volume Traded Today

$23.3M

Dividend

$0.26

52 Week High/low

48.08/30.45

Bank of America Corp Market Cap

$352.26B

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BAC Summary

From what 22 stock analysts predict, the share price for Bank of America Corp (BAC) might increase by 5.86% in the next year. This is based on a 12-month average estimation for BAC. Price targets go from $39.5 to $57. The majority of stock analysts believe BAC is a buy. Please note analyst price targets are not guaranteed and could be missed completely.

BAC Analyst Ratings

Bank of America Corp has a total of 22 Wall St Analyst ratings. There are 16 buy ratings, 5 ratings, and 1 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Bank of America Corp will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

BAC stock forecast by analyst

These are the latest 20 analyst ratings of BAC.

Analyst/Firm

Rating

Price Target

Change

Date

Betsy Graseck
Morgan Stanley

Equal-Weight

$55

Downgrade

Dec 9, 2024
David Konrad
Keefe, Bruyette & Woods

Outperform

$57

Maintains

Dec 3, 2024
Scott Siefers
Piper Sandler

Neutral

$50

Maintains

Dec 3, 2024
Whit Mayo
Wells Fargo

Overweight

$56

Maintains

Nov 15, 2024
Keith Horowitz
Citigroup

Buy

$54

Upgrade

Nov 8, 2024
Chris Kotowski
Oppenheimer

Outperform

$56

Maintains

Nov 5, 2024
Glenn Thum
Phillip Securities

Accumulate

$44

Upgrade

Oct 18, 2024
David Konrad
Keefe, Bruyette & Woods

Outperform

$50

Maintains

Oct 16, 2024
Glenn Schorr
Evercore ISI Group

Outperform

$45

Maintains

Oct 16, 2024
Betsy Graseck
Morgan Stanley

Overweight

$48

Maintains

Oct 16, 2024
Jason Goldberg
Barclays

Overweight

$53

Maintains

Oct 16, 2024
Chris Kotowski
Oppenheimer

Outperform

$50

Maintains

Oct 16, 2024
Gerard Cassidy
RBC Capital

Outperform

$46

Reiterates

Oct 9, 2024
Chris Kotowski
Oppenheimer

Outperform

$49

Maintains

Oct 2, 2024
Betsy Graseck
Morgan Stanley

Overweight

$47

Maintains

Sep 30, 2024
Matt O'Connor
Deutsche Bank

Buy

$45

Upgrade

Sep 3, 2024
Betsy Graseck
Morgan Stanley

Overweight

$49

Maintains

Jul 30, 2024
James Fotheringham
BMO Capital

Market Perform

$40

Maintains

Jul 18, 2024
Gerard Cassidy
RBC Capital

Outperform

$46

Maintains

Jul 17, 2024
Glenn Schorr
Evercore ISI Group

Outperform

$46

Maintains

Jul 17, 2024

BAC Company Information

What They Do: Provides banking and financial services globally.

Business Model: The company operates through four main segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. It generates revenue through a variety of financial products and services, including loans, investment management, brokerage, treasury solutions, and market-making activities.

Other Information: Founded in 1784 and headquartered in Charlotte, North Carolina, the company serves a diverse clientele, including individual consumers, businesses, and governments, positioning itself as a comprehensive financial institution with a strong global presence.
BAC
Bank of America Corp (BAC)

When did it IPO

1986

Staff Count

213,000

Country

United States

Sector/Industry

Financial Services/Banks - Diversified

CEO

Mr. Brian Thomas Moynihan

Market Cap

$352.26B

Bank of America Corp (BAC) Financial Data

In 2023, BAC generated $98.58B in revenue, which was a increase of 3.82% from the previous year. This can be seen as a signal that BAC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$85.53B

Revenue From 2021

$89.11B

4.19 %
From Previous Year

Revenue From 2022

$94.95B

6.55 %
From Previous Year

Revenue From 2023

$98.58B

3.82 %
From Previous Year
  • Revenue TTM $94.63B
  • Operating Margin TTM 30.8%
  • Gross profit TTM $0
  • Return on assets TTM 0.7%
  • Return on equity TTM 8.1%
  • Profit Margin 25.0%
  • Book Value Per Share 35.37%
  • Market capitalisation $352.26B
  • Revenue for 2021 $89.11B
  • Revenue for 2022 $94.95B
  • Revenue for 2023 $98.58B
  • EPS this year (TTM) $2.76

Bank of America Corp (BAC) Latest News

News Image

Mon, 09 Dec 2024

Sentiment - NEUTRAL

Source - 24/7 Wall Street

Summary - Bank of America (NYSE: BAC), with roots dating back to the Depression era, is now the second-largest U.S. financial institution by asset size, following JP Morgan Chase.

Why It Matters - Bank of America's resilience and ranking as the #2 US bank by assets indicate strong stability and growth potential, affecting investor confidence and stock performance.

News Image

Sat, 07 Dec 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - In November, JPMorgan Chase, Bank of America, and Wells Fargo shares rose 12.5%, 13.6%, and 17.3%, respectively, according to S&P Global Market Intelligence.

Why It Matters - Rising shares of major banks indicate strong market confidence and potential economic stability, suggesting improved financial conditions and investor sentiment in the banking sector.

News Image

Sat, 07 Dec 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - The article identifies five large-cap, dividend-paying stocks currently trading at significant discounts, yielding around 3.28%, alongside two additional groups with yields up to 9%.

Why It Matters - Identifying large-cap, dividend-paying stocks at discounts signals potential value and income opportunities, appealing to investors seeking stability and yield in uncertain markets.

News Image

Wed, 04 Dec 2024

Sentiment - NEUTRAL

Source - The Motley Fool

Summary - In November, stocks reached new highs following the 2024 election results, with corporate earnings exceeding expectations and inflation data supporting a two-year bull market.

Why It Matters - The positive election results and strong corporate earnings signal economic confidence, while stable inflation supports continued market growth, boosting investor optimism and potential returns.

News Image

Fri, 06 Dec 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Bank of America has enabled Paze SM, a new online checkout solution, for all eligible credit and debit cards, coinciding with the holiday season.

Why It Matters - The rollout of Paze SM enhances Bank of America's payment processing, potentially increasing customer satisfaction and transaction volume, positively impacting revenue and stock performance.

News Image

Wed, 04 Dec 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Bank of America (BAC) is currently attracting significant attention from Zacks.com users, indicating potential investor interest and warranting further examination of its stock prospects.

Why It Matters - Increased attention on Bank of America (BAC) could signal potential volatility or investment opportunities, influencing stock performance and investor sentiment.

...

BAC Frequently asked questions

The highest forecasted price for BAC is $57 from David Konrad at Keefe, Bruyette & Woods.

The lowest forecasted price for BAC is $39.5 from from

The BAC analyst ratings consensus are 16 buy ratings, 5 hold ratings, and 1 sell ratings.