What is the outlook for Bank of America share?
What are analysts forecasts for Bank of America stock? The 76 analysts offering price forecasts for Bank of America have a median target of 40.14, with a high estimate of 55.00 and a low estimate of 27.50. The median estimate represents a 87.61 difference from the last price of 35.17.
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Bank of America stock have an average target of 38.37, with a low estimate of 33 and a high estimate of 46. The average target predicts an increase of 10.64% from the current stock price of 34.68.
BAC Stock 12 Month Forecast
Based on 21 Wall Street analysts offering 12 month price targets for Bank of America in the last 3 months. The average price target is $39.12 with a high forecast of $46.00 and a low forecast of $33.00. The average price target represents a 9.30% change from the last price of $35.79.
According to the latest long-term forecast, Bank of America price will hit $35 by the middle of 2024 and then $45 by the middle of 2025. Bank of America will rise to $50 within the year of 2026, $55 in 2027, $60 in 2028, $65 in 2029, $70 in 2030, $75 in 2031, $80 in 2033, $85 in 2034 and $90 in 2035.
The Bank Of America stock forecast for tomorrow is $ 35.61, which would represent a -0.39% loss compared to the current price. In the next week, the price of BAC is expected to increase by 0.01% and hit $ 35.75.
Is Bank of America stock a Buy, Sell or Hold? Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 47 buy ratings, 23 hold ratings, and 6 sell ratings.
Key Points. BofA has benefited from higher interest rates, but the positive effects have been waning. The bank's net interest income increased last year but dipped in Q4 due to higher deposit costs. BoA is priced right around book value, and a Fed pivot on interest rates could give its business a boost.
Bank of America Earnings Drop, Under Pressure From Higher Rates; Stock Falls. Bank of America reported a 18% drop in first-quarter profit, the latest big lender to feel the squeeze of higher interest rates.
Berkshire Hathaway (BRK. A 0.46%)(BRK. B 0.3%): Warren Buffett's Berkshire Hathaway is the largest Bank of America shareholder, with 1.03 billion shares amounting to a 13% stake. As of March 2024, it was the second-largest of Warren Buffett's stock holdings after Apple (AAPL 0.36%), worth almost $37 billion.
Berkshire Hathaway Inc. owns the most shares of Bank of America (BAC).
How many shares of BAC does Warren Buffett own?
| Symbol | Holdings | |
|---|---|---|
| Aon PLC | AON | 4,100,000 |
| Apple Inc | AAPL | 905,560,000 |
| Atlanta Braves Holdings Inc Series C | BATRK | 223,645 |
| Bank of America Corp | BAC | 1,032,852,006 |
Bank of America shares fell almost 4% after its profits in the first quarter were depressed as it set aside more money to cover souring loans, while predicting a rebound in interest income later this year.
| Ticker | Name | 5Y Price Return |
|---|---|---|
| CELH | Celsius Holdings Inc | 5314.42% |
| NVDA | NVIDIA Corp | 1855.67% |
| BLDR | Builders FirstSource Inc | 1381.82% |
| ENPH | Enphase Energy Inc | 1114.44% |
| The Bank of America Corporate Center, headquarters of Bank of America in Charlotte, North Carolina. | |
|---|---|
| Total assets | US$3.18 trillion (2023) |
| Total equity | US$292 billion (2023) |
| Owners | Berkshire Hathaway (12.8%) |
| Number of employees | c. 213,000 (2023) |
Bank of America is primarily owned by Warren Buffet and his Berkshire Hathaway, with a 12.9% stake, followed by The Vanguard Group with 7.6% ownership and BlackRock with 5.9% ownership. Top individual investors comprise Brian T. Moynihan, CEO, and Chair of the Board, Geoffrey S. Greener, Chief Risk Officer, and Paul M.
Bank Of America Stock Forecast & Predictions: 1Y Price Target $38.92 | Buy or Sell NYSE: BAC 2024 | WallStreetZen.
This summary was created by AI, based on 32 opinions in the last 12 months. The experts are generally optimistic about Bank of America. They highlight its global presence, solid financials, steady performance, and dividends. Some caution about potential risks such as underwater bonds and regulatory challenges.
Compared to the current market price of 35.35 USD, Bank of America Corp is Undervalued by 25%.
Historical daily share price chart and data for Bank Of America since 1986 adjusted for splits and dividends. The latest closing stock price for Bank Of America as of April 16, 2024 is 34.68. The all-time high Bank Of America stock closing price was 46.47 on February 08, 2022.
Is Bank of America FDIC insured? Yes, all Bank of America bank accounts are FDIC insured (FDIC #3510) up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.
Is Bank of America a good dividend stock?
Over the past three years, Bank of America Corp's annual dividend growth rate was 8.50%. Extended to a five-year horizon, this rate increased to 10.60% per year. And over the past decade, Bank of America Corp's annual dividends per share growth rate stands at an impressive 31.70%.
Bank of America is a reputable option for customers who want both in-person and online service, but its deposit accounts generally have low rates. Key Takeaways: We rate Bank of America 4 out of 5 stars, giving it high marks for branch and ATM access but lower scores for its rates on deposit accounts.
Bank of America has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 8 buy ratings, 7 hold ratings, and 1 sell rating.
With its 4-star rating, we believe Bank of America's stock is undervalued compared with our long-term fair value estimate. After incorporating the latest quarterly results, we are decreasing our fair value estimate to $35.00 per share from $37.00, primarily due to lower NII assumptions.
While there are always risks involved in the banking industry, Bank of America does not appear to be in imminent danger of collapse.
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