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According to 31 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is 41.44, which is an increase of 18.57% from the latest price. 2 Regional Banks With Sector-Beating Price Performance Smaller bank stocks, like First Citizens Bancshares and Fulton Financial, have been outpacing the financial sector with strong gains in the past three months.

There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BAC shares. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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 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.

Company Summary

He later buys out the Banca de America e de Italia which was also located in San Francisco. Over the years additional mergers and changes in Federal banking legislation, as well as the boom brought on by WWI and then WWII, helped boost the bank to national prominence. In the past three months, Bank of America insiders DotBig have not sold or bought any company stock. Based on earnings estimates, Bank of America will have a dividend payout ratio of 23.47% next year. This indicates that Bank of America will be able to sustain or increase its dividend. Bank of America has only been the subject of 3 research reports in the past 90 days.

  • BAC stock returns are also predicted based on historical data.
  • A high-interest account allows you to earn compound interest, while still having full access to your money at any time.
  • Most stocks in most industries are currently bracing for a severe recession in 2023.
  • The S&P 500 is down over 23% year-to-date , while Nasdaq is down over 32% YTD and far r…
  • Bank of America has a rich history dating back to 1800 and even earlier.

Only 182 people have searched for BAC on MarketBeat in the last 30 days. This is a decrease of -6% compared to the previous 30 days. MarketBeat has tracked 19 reddit DotBig mentions for Bank of America this week, compared to 18 mentions on an average week. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist.

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MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Its Consumer Banking segment offers traditional banking and investment products for retail clients. These range from deposit accounts to savings, credit cards, consumer loans, and IRAs. The Global Wealth & Investment Management segment offers investment and wealth management solutions including, brokerage, banking, and trust and retirement products. 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.

BAC stock

One share of can currently be purchased for approximately $34.95. JPMorgan Chase & Co. is at the bottom driven by results and the outlook for NII in 2023. The stock is also supported by the hope for share repurchases. Only 0.26% of the stock of Bank of America is held by insiders. 95 people have added Bank of America to their MarketBeat watchlist in the last 30 days. This is an increase of 64% compared to the previous 30 days.

Stock Activity

JMP Securities Director of Financial Technology Research Devin Ryan joins Yahoo Finance Live to discuss bank earnings and the health of the financial sector. Bank of America Corp employees will have to work from office depending on their role and functional needs, with some of them needing to be in office for three days a week, according to a memo seen by Re… CNBC’s Leslie Picker reports comments from CEOs of the nation’s biggest banks regarding BAC stock the recession. The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 18th 2023. Cash Holders STILL Aren’t Taking Steps to PrepareIt doesn’t matter how much money you have in your 401k or IRA, you need to listen to Louis Navellier’s forecast… And no, he’s not predicting a stock market crash, recession or a currency collapse. A powerful force is driving a wedge between the haves and the have-nots.

Bank of America Corp. stock rises Friday, outperforms market

Many also want to invest in riskier assets, like cryptocurrencies and tech startups. JPMorgan Chase & Co. announced a major investment in New York City office space Thursday, with plans to build a 60-story building to be its global headquarters. Bank of America executives told investors on an earnings call Monday that the mega bank has upped its forecast for inflation for the rest of the year.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,500 Today

High institutional ownership can be a signal of strong market trust in this company. MarketBeat has tracked 78 news articles for Bank of America this week, compared to 20 articles on an average week. Bank of America pays a meaningful dividend of 2.61%, higher than the bottom 25% of all stocks that pay dividends. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. BAC stock Sign Up NowGet this delivered to your inbox, and more info about our products and services. A high-interest account allows you to earn compound interest, while still having full access to your money at any time. The banks that committed to help finance Tesla CEO Elon Musk’s takeover of Twitter plan to hold all $13B of debt backing the deal rather than syndicate it out, Laura Cooper and Alexander Saeedy of Wall Street…

Based on an average daily trading volume, of 39,510,000 shares, the short-interest ratio is currently 1.9 days. Approximately 0.9% of the company’s stock are short sold.

Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous BAC stock price today report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade.

Will Goldman Sachs’ Earnings & Revenue Beats Lift Sector Higher? Wall Street giant Goldman Sachs reported better-than-expected third-quarter earnings and revenue Tuesday. 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. Bank of America has received a 37.20% net impact score from Upright.

The GWIM segment provides client experience through a network of financial advisors focused on clients with over $250,000 in… 12 Wall Street research analysts have issued 1 year target prices for Bank of America’s stock. Their BAC share price forecasts range from $33.00 to $64.00. On average, they expect the company’s share price to reach $44.47 in the next year. This suggests a possible upside of 27.2% from the stock’s current price. View analysts price targets for BAC or view top-rated stocks among Wall Street analysts. 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year.