price target for bac stock

by Isaias Bahringer Published 2 years ago Updated 2 years ago

Stock Price Target

High	$55.00
Low	$34.00
Average	$42.31
Current Price	$33.43

Is Bac a good stock to buy?

Key Points

The bank's net interest margin tends to expand when the Federal Reserve raises its benchmark overnight lending rate.
Bank of America also tends to see higher returns on equity during a rising-rate environment.
The bank is better positioned to take advantage of rising rates than ever before.

Should you buy BAC stock?

Bank of America‘s price target would indicate a potential upside ... 1,228,833,000 after acquiring an additional 82,510 shares during the period. State Street Corp increased its position in Teleflex by 3.0% in the 4th quarter. State Street Corp now ...

What is the target price for BAC?

Their average twelve-month price target is $36.84, predicting that the stock has a possible downside of 9.10%. The high price target for BAC is $45.00 and the low price target for BAC is $25.00. There are currently 2 sell ratings, 5 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of "Buy."

Should I Buy Target stock?

Target Corp. said Thursday it is testing a store in California that was retrofitted to become the retailer's first net-zero energy store, generating more power than its needs annually. The Minneapolis-based company's location in Vista, California ...

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Is BAC A Buy Sell or Hold?

For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows

What is BAC price Target?

Stock Price Target BACHigh$64.00Median$43.00Low$33.00Average$43.86Current Price$31.46

Is BAC a good buy now?

BAC has shown strong execution in growing its deposit base, which has grown double digits year over year. Net interest yields have remained stable at around 1.69%. For reference, net interest yield was 2.5% in 2018.

Where will BAC stock be in 5 years?

quote is equal to 33.430 USD at 2022-07-25. Based on our forecasts, a long-term increase is expected, the "BAC" stock price prognosis for 2027-07-14 is 49.681 USD. With a 5-year investment, the revenue is expected to be around +48.61%. Your current $100 investment may be up to $148.61 in 2027.

Will BAC go up?

The 24 analysts offering 12-month price forecasts for Bank of America Corp have a median target of 42.00, with a high estimate of 58.00 and a low estimate of 33.00. The median estimate represents a +36.36% increase from the last price of 30.80.

Will BAC increase dividend 2022?

CHARLOTTE, N.C., June 27, 2022 /PRNewswire/ -- Bank of America today commented on the results of the Federal Reserve's 2022 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend to $0.22 per share beginning in the third quarter of 2022.

Is BAC a good stock for 2022?

Bank of America has a "buy" rating and a $60 price target for C stock, which closed at $47.10 on June 29. Next: Analysts see big upside for these undervalued bank stocks. After a big year in 2021 and a hot start to 2022, bank stocks have lagged along with the broader market this year.

Is BAC undervalued?

Therefore, BAC remains entrenched in a bearish bias. Given markedly slower profitability growth through FY24 (vs. historical averages), we don't consider BAC undervalued.

Which bank stock is the best?

Three top bank stocks to put on your radar in 2021Bank StockTickerBank of America(NYSE:BAC)JPMorgan Chase(NYSE:JPM)U.S. Bancorp(NYSE:USB)

How high can WFC go?

Wells Fargo & Co (NYSE:WFC) The 24 analysts offering 12-month price forecasts for Wells Fargo & Co have a median target of 51.50, with a high estimate of 65.00 and a low estimate of 42.00. The median estimate represents a +19.24% increase from the last price of 43.19.

What is the highest Bank of America stock has been?

Historical daily share price chart and data for Bank Of America since 1986 adjusted for splits. The latest closing stock price for Bank Of America as of July 22, 2022 is 33.43. The all-time high Bank Of America stock closing price was 54.90 on November 16, 2006.

How many shares outstanding does Bank of America have?

8.06BShare StatisticsAvg Vol (3 month) 349.44MShares Outstanding 58.06BImplied Shares Outstanding 6N/AFloat 88.03B% Held by Insiders 10.12%7 more rows

Is Wells Fargo a buy sell or hold?

Each of the 13 Wall Street analysts that rated WFC, ten rated it Buy, and three rated it Hold.

Is JP Morgan stock a buy?

Bottom line: JPM stock is not a buy right now, based on IBD's chart analysis. Like other big banks, JPMorgan also has a poor record when it comes to beating the market for long stretches.

When did Buffett buy BAC?

A brief look at Berkshire's 13F filings over roughly the past decade would lead you to one conclusion: Tech kingpin Apple (AAPL 1.89%) and money-center banking-giant Bank of America (BAC -1.01%) are his favorite stocks. Warren Buffett and his investing team began buying shares of Apple in 2016.

What is Bank of America's consensus rating and price target?

According to the issued ratings of 19 analysts in the last year, the consensus rating for Bank of America stock is Buy based on the current 7 hold...

Do Wall Street analysts like Bank of America more than its competitors?

Analysts like Bank of America stock more than the stock of other Finance companies. The consensus rating score for Bank of America is 2.63 while th...

Do MarketBeat users like Bank of America more than its competitors?

MarketBeat users like Bank of America stock more than the stock of other Finance companies. 67.30% of MarketBeat users gave Bank of America an outp...

Is Bank of America being upgraded by Wall Street analysts?

Over the previous 90 days, Bank of America's stock had 1 upgrade by analysts.

Does Bank of America's stock price have much upside?

According to analysts, Bank of America's stock has a predicted upside of 17.95% based on their 12-month price targets.

What analysts cover Bank of America?

Bank of America has been rated by BMO Capital Markets , Morgan Stanley , Oppenheimer , Piper Sandler , and The Goldman Sachs Group in the pas...

Does Bank of America rate other companies?

Bank of America also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage...

Stock Price Forecast

Analyst Recommendations

The 24 analysts offering 12-month price forecasts for Bank of America Corp have a median target of 51.90, with a high estimate of 66.00 and a low estimate of 40.00. The median estimate represents a +15.28% increase from the last price of 45.02.

Historical and forecast chart of Bank of America stock

The current consensus among 29 polled investment analysts is to Buy stock in Bank of America Corp. This rating has held steady since February, when it was unchanged from a Buy rating. Move your mouse over past months for detail

Bank of America Daily Price Targets

The chart below shows the historical price of Bank of America stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Bank of America stock price can be found in the table below.

Bank of America forecast for this year

Forecast target price for 02-26-2022: $ 46.60. Positive dynamics for Bank of America shares will prevail with possible volatility of 3.942%.

Bank of America information and performance

An downtrend is forecast for this month with an optimal target price of $ 44.7173. Pessimistic: $42.75. Optimistic: $47.07

Bank of America (BAC) stock dividend

Bank of America is an international corporation operating in 35 countries. The company has 213,000 employees, 16,000 ATMs and 4,700 offices across America. It is engaged in three areas: lending to individuals and servicing their accounts, helping corporations manage assets, trading on the currency, stock and commodity exchanges.

Analyst price target for BAC

Bank of America last paid dividends on 03/03/2022. The next scheduled payment will be on 03/25/2022. The amount of dividends is $0.78 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment.

BAC earnings per share forecast

Based on 12 analyst s offering 12 month price targets for Bank Of America Corp.

BAC revenue forecast

What is BAC 's earnings per share in the next 3 years based on estimates from 12 analyst s?

BAC earnings growth forecast

What is BAC 's revenue in the next 3 years based on estimates from 9 analyst s?

BAC revenue growth forecast

How is BAC forecast to perform vs Financial Services companies and vs the US market?

BAC Target Price