Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Bank of America Corp Market Cap
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.
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.
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 |
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
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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.
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.
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.
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.
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.
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.
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