Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. This is based on 13 Wall Streets Analysts 12-month price targets, issued in the past 3 months. According to analysts, Bank of America’s stock has a predicted upside of 25.66% based on their 12-month price targets. According to 31 analysts, the average rating for BAC stock price is "Buy." The 12-month stock price forecast is 42.26, which is an increase of 29.08% from the latest price.
Bank of America has only been the subject of 4 research reports in the past 90 days. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. JPMorgan Chase & Co. held on to its position as the largest bank on the 2022 list of the Global Systematically Important Banks (G-SIBs), the Financial Stability Bank of America stock Board said Monday. If you’re looking for stocks that are quantitatively similar to BANK OF AMERICA CORP, a group of peers worth examining would be KO, PEP, COST, MA, and TMO. Momentum is the dimension where BAC ranks best; there it ranks ahead of 87.36% of US stocks. They have a monopoly on this CRITICAL metal that we desperately need for military technology.
The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. Sarat Sethi, managing partner and portfolio manager at DCLA, joins CNBC’s ‘Squawk Box’ to break down potential market strategies and stocks to watch ahead of the open. The company is scheduled to release its next quarterly https://dotbig.com/markets/stocks/BAC/ earnings announcement on Wednesday, January 18th 2023. As of 2022, Bank of America serves approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers. The bank also operates more than 16,000 ATMs and digital banking platforms with approximately 41 million active users.
BAC Latest News Stream
Bank of America has 22.97% upside potential, based on the analysts’ average price target. Analysts like Bank of America more than other Finance companies. The consensus rating for Bank of America is https://dotbig.com/ Moderate Buy while the average consensus rating for finance companies is Hold. Joydeep Sengupta, senior partner at McKinsey & Co., discusses the state of the global banking industry and its outlook.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.51% per year. These returns cover a period from January 1, 1988 through September 12, 2022. Zacks Rank stock-rating BAC stock system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
The Global Banking segment provides lending products and services, including commercial loans and leases for businesses of all varieties. The Global Markets segment offers market-making, clearing, settlement, and custody services, as well as risk management, derivatives, and FX exchange services. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs,… According to the issued ratings of 13 analysts in the last year, the consensus rating for Bank of America stock is Moderate Buy based on the current 4 hold ratings and 9 buy ratings for BAC.
- The development leads to bearish investor sentiments, with bank stocks ending in the red.
- Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses.
- Only 156 people have searched for BAC on MarketBeat in the last 30 days.
- Shares of Bank of America once again bottomed out, though not quite a record, in February 2009, when BAC stock price again went below $4.
- The average price target represents 22.97% Increase from the current price of $33.
BAC’s revenue has moved up $1,234,000,000 over the prior 33 months.The table below shows BAC’s growth in key financial areas . Bank of America also publishes sell-side equities research DotBig reports and recommendations about other companies, which can be viewed at its brokerage rating page. Over the previous 90 days, Bank of America’s stock had 1 downgrade by analysts.
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The company’s average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings. Shares of Bank of America Corp rose 4.41% Thursday, on what proved to be an all-around favorable trading session for the stock market.
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European banks are poorly positioned for a long recession due to high capital burd… Bank of America has received a 37.20% net impact score from Upright. From 1990 to 1998, shares of Bank of America rose over six-fold, Bank of America stock price went from $4 to over $26.
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66.97% of MarketBeat users gave Bank of America an outperform vote while finance companies recieve an average of 62.08% outperform votes by MarketBeat users. Sign-up to receive the latest news and ratings for BAC and its competitors with MarketBeat’s FREE daily newsletter. DotBig Today, $33.5 puts were high, and it look like we’re dropping to the 0.618 fibonacci retracement in a 5 wave impulse to the downside, which could later bounce in an ABC correction pattern. There is a gap from $32.87 to $32.63, which is my price target.
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