Bank of America Corp (NYSE:BAC) (2024)

FAQs

Is BAC a buy hold or sell? ›

Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 50 buy ratings, 23 hold ratings, and 6 sell ratings. What was the 52-week low for Bank of America stock?

Bank of America stock price stood at $38.84

According to the latest long-term forecast, Bank of America price will hit $40 by the middle of 2024 and then $55 by the end of 2025. Bank of America will rise to $60 within the year of 2026, $65 in 2027, $75 in 2028, $85 in 2029, $95 in 2030, $100 in 2031 and $110 in 2034.

Based on short-term price targets offered by 22 analysts, the average price target for Bank of America comes to $38.73. The forecasts range from a low of $33.00 to a high of $46.00. The average price target represents a decline of 1.43% from the last closing price of $39.29.

Bank of America common shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol "BAC".

The financial health and growth prospects of BAC, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this stock lacks momentum and would be a lackluster choice for momentum investors.

As of 2024-05-20, the Fair Value of Bank of America Corp (BAC) is 16 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 39.29 USD, the upside of Bank of America Corp is -59.3%.

The brokerage raised its 2024 earnings per share (EPS) forecast for the index companies to $250 from the previously expected $235. BofA strategists said that "2023 was a transition year for Corporate America, and companies have now adjusted to the new higher rate and tepid demand environment."

Bank of America's analyst rating consensus is a Moderate Buy. This is based on the ratings of 23 Wall Streets Analysts.

Has BAC stock ever split? ›

Bank of America stock (symbol: BAC) underwent a total of 3 stock splits.

Bank of America Corporation ( BAC ) pays dividends on a quarterly basis. The next dividend payment is planned on June 28, 2024 . Bank of America Corporation ( BAC ) has increased its dividends for 11 consecutive years.

Compared to the current market price of 38.21 USD, Bank of America Corp is Undervalued by 21%.

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.

BAC also boasts an average earnings surprise of 11.7%. Moreover, analysts are expecting Bank of America's earnings to grow 7.5% for the current fiscal year. Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable.

Morgan Stanley stock has received a consensus rating of buy. The average rating score is and is based on 52 buy ratings, 26 hold ratings, and 4 sell ratings.

The intrinsic value of one BAC stock under the Base Case scenario is 48.42 USD. Compared to the current market price of 39.29 USD, Bank of America Corp is Undervalued by 19%.