Bank of America (BAC) Stock Forecast, Price Target & Predictions
BAC Stock Forecast
Bank of America stock forecast is as follows: an average price target of $48.63 (represents a 5.58% upside from BAC’s last price of $46.06) and a rating consensus of 'Buy', based on 21 wall street analysts offering a 1-year stock forecast.
BAC Price Target
The average price target for Bank of America (BAC) is $48.63 based on 1-year price targets from 21 Wall Street analysts in the past 3 months, with a price target range of $144.00 to $36.00. This represents a potential 5.58% upside from BAC's last price of $46.06.
BAC Analyst Ratings
According to 21 Wall Street analysts, Bank of America's rating consensus is 'Buy'. The analyst rating breakdown for BAC stock is 0 'Strong Buy' (0.00%), 14 'Buy' (66.67%), 6 'Hold' (28.57%), 1 'Sell' (4.76%), and 0 'Strong Sell' (0.00%).
Bank of America Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 16, 2024 | Richard Ramsden | Goldman Sachs | $48.00 | $42.95 | 11.76% | 4.21% |
| Oct 16, 2024 | Chris Kotowski | Oppenheimer | $50.00 | $42.14 | 18.65% | 8.55% |
| Oct 16, 2024 | Glenn Schorr | Evercore ISI | $45.00 | $42.14 | 6.79% | -2.30% |
| Sep 03, 2024 | Scott Siefers | Piper Sandler | $44.00 | $40.40 | 8.92% | -4.47% |
| Sep 03, 2024 | Matt O'Connor | Deutsche Bank | $45.00 | $40.75 | 10.43% | -2.30% |
| Aug 06, 2024 | Kenneth Leon | CFRA | $39.00 | $36.92 | 5.63% | -15.33% |
| Jul 17, 2024 | Gerard Cassidy | RBC Capital | $46.00 | $44.13 | 4.24% | -0.13% |
| Jul 16, 2024 | Richard Ramsden | Goldman Sachs | $45.00 | $44.27 | 1.65% | -2.30% |
| Jul 09, 2024 | Jay McCanless | Wedbush | $144.00 | $40.99 | 251.26% | 212.64% |
| Jul 09, 2024 | Scott Siefers | Piper Sandler | $42.00 | $40.62 | 3.40% | -8.81% |
The latest Bank of America stock forecast, released on Oct 16, 2024 by Richard Ramsden from Goldman Sachs, set a price target of $48.00, which represents a 11.76% increase from the stock price at the time of the forecast ($42.95), and a 4.21% increase from BAC last price ($46.06).
Bank of America Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 25 |
| Avg Price Target | - | $46.40 | $47.72 |
| Last Closing Price | $46.06 | $46.06 | $46.06 |
| Upside/Downside | -100.00% | 0.74% | 3.60% |
In the current month, the average price target of Bank of America stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Bank of America's last price of $46.06. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 08, 2024 | Citigroup | Neutral | Buy | Upgrade |
| Oct 30, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Oct 16, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 16, 2024 | RBC Capital | Buy | Buy | Hold |
| Oct 16, 2024 | Oppenheimer | Underperform | Underperform | Hold |
| Oct 16, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Oct 16, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Oct 16, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Oct 15, 2024 | Barclays | Overweight | Overweight | Hold |
| Sep 03, 2024 | Piper Sandler | Neutral | Neutral | Hold |
Bank of America's last stock rating was published by Citigroup on Nov 08, 2024. The company Upgrade its BAC rating from "Neutral" to "Buy".
Bank of America Financial Forecast
Bank of America Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $20.86B | $25.17B | $25.20B | $26.26B | $24.53B | $24.50B | $22.69B | $23.23B | $22.06B | $22.77B | $21.47B | $22.82B | $20.10B | $20.34B | $22.33B | $22.77B | $22.35B | $22.81B |
| Avg Forecast | $27.95B | $28.11B | $27.82B | $27.87B | $26.51B | $26.87B | $26.50B | $26.46B | $25.15B | $25.25B | $25.22B | $25.49B | $23.70B | $25.13B | $24.98B | $25.16B | $24.17B | $23.52B | $22.70B | $23.13B | $22.18B | $21.68B | $21.80B | $21.90B | $20.58B | $20.78B | $21.81B | $22.71B | $22.22B | $22.58B |
| High Forecast | $28.39B | $28.55B | $28.26B | $28.30B | $26.93B | $27.29B | $26.92B | $26.65B | $25.60B | $25.40B | $25.22B | $25.49B | $24.79B | $25.53B | $25.37B | $25.56B | $24.55B | $23.90B | $23.07B | $23.51B | $22.54B | $22.03B | $22.15B | $22.26B | $20.91B | $21.11B | $22.16B | $23.08B | $22.59B | $22.95B |
| Low Forecast | $27.64B | $27.80B | $27.51B | $27.56B | $26.22B | $26.57B | $26.21B | $26.28B | $24.86B | $25.10B | $25.22B | $25.49B | $22.96B | $24.85B | $24.70B | $24.88B | $23.91B | $23.18B | $22.37B | $22.80B | $21.86B | $21.37B | $21.49B | $21.59B | $20.28B | $20.48B | $21.50B | $22.39B | $21.91B | $22.26B |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 10 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 1.00% | 1.01% | 1.04% | 1.01% | 1.04% | 1.00% | 1.00% | 0.99% | 1.05% | 0.98% | 1.04% | 0.98% | 0.98% | 1.02% | 1.00% | 1.01% | 1.01% |
Bank of America's average Quarter revenue forecast for Mar 24 based on 4 analysts is $25.49B, with a low forecast of $25.49B, and a high forecast of $25.49B. BAC's average Quarter revenue forecast represents a 22.21% increase compared to the company's last Quarter revenue of $20.86B (Dec 23).
Bank of America EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 10 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $3.63B | $8.10B | $26.23B | $23.30B | $18.79B | $14.65B | $9.91B | $9.70B | $9.46B | $10.66B | $9.66B | $10.82B | $7.81B | $6.38B | $5.94B | $8.93B | $13.39B | $13.03B |
| Avg Forecast | $11.03B | $11.09B | $10.98B | $11.00B | $10.46B | $10.60B | $10.46B | $10.44B | $9.92B | $9.96B | $9.95B | $10.95B | $9.35B | $9.92B | $9.86B | $9.95B | $9.58B | $8.19B | $7.90B | $9.05B | $7.73B | $7.55B | $7.59B | $7.54B | $7.17B | $7.24B | $7.59B | $10.10B | $7.74B | $7.87B |
| High Forecast | $11.20B | $11.27B | $11.15B | $11.17B | $10.63B | $10.77B | $10.62B | $10.52B | $10.10B | $10.02B | $9.95B | $13.14B | $9.78B | $10.07B | $10.01B | $11.94B | $11.50B | $8.32B | $8.03B | $10.86B | $7.85B | $7.67B | $7.71B | $9.05B | $7.28B | $7.35B | $7.72B | $12.12B | $7.87B | $7.99B |
| Low Forecast | $10.91B | $10.97B | $10.86B | $10.87B | $10.35B | $10.49B | $10.34B | $10.37B | $9.81B | $9.91B | $9.95B | $8.76B | $9.06B | $9.81B | $9.75B | $7.96B | $7.67B | $8.07B | $7.79B | $7.24B | $7.61B | $7.44B | $7.48B | $6.04B | $7.06B | $7.13B | $7.49B | $8.08B | $7.63B | $7.75B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.39% | 0.82% | 2.66% | 2.34% | 1.96% | 1.79% | 1.25% | 1.07% | 1.22% | 1.41% | 1.27% | 1.43% | 1.09% | 0.88% | 0.78% | 0.88% | 1.73% | 1.66% |
4 analysts predict BAC's average Quarter EBITDA for Mar 24 to be $10.95B, with a high of $13.14B and a low of $8.76B. This is 201.95% upper than Bank of America's previous annual EBITDA (Dec 23) of $3.63B.
Bank of America Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 10 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $2.84B | $7.80B | $7.41B | $8.16B | $7.13B | $7.08B | $6.25B | $7.07B | $7.01B | $7.69B | $9.22B | $8.05B | $5.47B | $4.88B | $3.53B | $4.01B | $6.99B | $5.78B |
| Avg Forecast | $8.41B | $8.50B | $8.32B | $7.61B | $7.54B | $7.50B | $7.34B | $6.71B | $6.19B | $6.02B | $6.29B | $7.98B | $4.21B | $6.53B | $6.64B | $7.26B | $7.11B | $6.15B | $5.93B | $6.60B | $6.05B | $5.60B | $6.09B | $5.61B | $4.34B | $3.90B | $2.24B | $4.53B | $5.40B | $4.24B |
| High Forecast | $8.59B | $8.68B | $8.50B | $7.77B | $7.70B | $7.65B | $7.49B | $7.03B | $6.57B | $6.20B | $6.30B | $9.58B | $4.76B | $6.67B | $6.77B | $8.71B | $8.53B | $6.27B | $6.05B | $7.92B | $6.17B | $5.72B | $6.22B | $6.73B | $4.43B | $3.98B | $2.29B | $5.44B | $5.52B | $4.33B |
| Low Forecast | $8.29B | $8.38B | $8.21B | $7.51B | $7.43B | $7.39B | $7.23B | $6.23B | $5.80B | $5.83B | $6.29B | $6.38B | $3.60B | $6.44B | $6.54B | $5.80B | $5.68B | $6.03B | $5.82B | $5.28B | $5.93B | $5.50B | $5.98B | $4.49B | $4.26B | $3.83B | $2.20B | $3.63B | $5.30B | $4.16B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 1.19% | 1.12% | 1.12% | 1.00% | 1.15% | 1.05% | 1.07% | 1.16% | 1.37% | 1.51% | 1.43% | 1.26% | 1.25% | 1.58% | 0.88% | 1.29% | 1.36% |
Bank of America's average Quarter net income forecast for Mar 24 is $7.98B, with a range of $6.38B to $9.58B. BAC's average Quarter net income forecast represents a 181.22% increase compared to the company's last Quarter net income of $2.84B (Dec 23).
Bank of America SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 10 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $13.95B | $11.82B | $12.09B | $12.21B | $11.45B | $11.46B | $11.47B | $11.57B | $10.95B | $10.83B | $11.41B | $11.86B | $10.19B | $10.82B | $9.96B | $10.19B | $9.96B | $11.96B |
| Avg Forecast | $16.39B | $16.48B | $16.31B | $16.34B | $15.55B | $15.76B | $15.54B | $15.52B | $14.75B | $14.81B | $14.79B | $13.07B | $13.90B | $14.74B | $14.65B | $11.88B | $11.10B | $13.77B | $13.29B | $10.80B | $12.99B | $12.70B | $12.77B | $8.26B | $12.05B | $12.17B | $12.77B | $11.52B | $13.02B | $13.23B |
| High Forecast | $16.65B | $16.74B | $16.57B | $16.60B | $15.79B | $16.00B | $15.79B | $15.63B | $15.01B | $14.90B | $14.79B | $15.68B | $14.53B | $14.97B | $14.88B | $14.25B | $13.32B | $14.00B | $13.51B | $12.96B | $13.20B | $12.90B | $12.98B | $9.92B | $12.25B | $12.37B | $12.98B | $13.82B | $13.23B | $13.44B |
| Low Forecast | $16.21B | $16.30B | $16.13B | $16.16B | $15.38B | $15.58B | $15.37B | $15.41B | $14.58B | $14.72B | $14.79B | $10.45B | $13.47B | $14.57B | $14.48B | $9.50B | $8.88B | $13.58B | $13.11B | $8.64B | $12.81B | $12.52B | $12.59B | $6.61B | $11.88B | $12.00B | $12.59B | $9.21B | $12.83B | $13.04B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.80% | 0.83% | 1.03% | 1.03% | 0.83% | 0.86% | 1.07% | 0.84% | 0.85% | 0.89% | 1.43% | 0.85% | 0.89% | 0.78% | 0.88% | 0.76% | 0.90% |
Bank of America's average Quarter SG&A projection for Mar 24 is $13.07B, based on 4 Wall Street analysts, with a range of $10.45B to $15.68B. The forecast indicates a -6.34% fall compared to BAC last annual SG&A of $13.95B (Dec 23).
Bank of America EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 7 | 3 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 10 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.35 | $0.91 | $0.88 | $0.95 | $0.85 | $0.81 | $0.73 | $0.81 | $0.85 | $0.86 | $1.04 | $0.87 | $0.60 | $0.51 | $0.38 | $0.40 | $0.75 | $0.57 |
| Avg Forecast | $1.06 | $1.08 | $1.05 | $0.96 | $0.95 | $0.95 | $0.93 | $0.85 | $0.78 | $0.76 | $0.80 | $0.76 | $0.53 | $0.83 | $0.84 | $0.81 | $0.77 | $0.78 | $0.75 | $0.75 | $0.77 | $0.71 | $0.77 | $0.66 | $0.55 | $0.49 | $0.28 | $0.48 | $0.68 | $0.54 |
| High Forecast | $1.09 | $1.10 | $1.08 | $0.98 | $0.97 | $0.97 | $0.95 | $0.89 | $0.83 | $0.79 | $0.80 | $0.76 | $0.60 | $0.84 | $0.86 | $0.82 | $0.79 | $0.79 | $0.77 | $0.76 | $0.78 | $0.72 | $0.79 | $0.67 | $0.56 | $0.50 | $0.29 | $0.49 | $0.70 | $0.55 |
| Low Forecast | $1.05 | $1.06 | $1.04 | $0.95 | $0.94 | $0.94 | $0.92 | $0.79 | $0.73 | $0.74 | $0.80 | $0.76 | $0.46 | $0.81 | $0.83 | $0.80 | $0.76 | $0.76 | $0.74 | $0.73 | $0.75 | $0.70 | $0.76 | $0.65 | $0.54 | $0.48 | $0.28 | $0.47 | $0.67 | $0.53 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | 1.10% | 1.05% | 1.18% | 1.10% | 1.04% | 0.97% | 1.08% | 1.11% | 1.21% | 1.35% | 1.32% | 1.09% | 1.03% | 1.34% | 0.83% | 1.10% | 1.06% |
According to 4 Wall Street analysts, Bank of America's projected average Quarter EPS for Mar 24 is $0.76, with a low estimate of $0.76 and a high estimate of $0.76. This represents a 117.35% increase compared to BAC previous annual EPS of $0.35 (Dec 23).
Bank of America Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CM | Canadian Imperial Bank of Commerce | $64.89 | $106.62 | 64.31% | Buy |
| TD | Toronto-Dominion Bank | $55.94 | $89.52 | 60.03% | Buy |
| BMO | Bank of Montreal | $94.04 | $120.95 | 28.62% | Hold |
| BNS | Bank of Nova Scotia | $56.30 | $71.53 | 27.05% | Hold |
| HSBC | HSBC | $46.23 | $52.00 | 12.48% | Buy |
| BAC | Bank of America | $46.06 | $48.63 | 5.58% | Buy |
| C | Citigroup | $68.28 | $70.05 | 2.59% | Buy |
| NU | Nu | $13.32 | $12.69 | -4.73% | Buy |
| RY | Royal Bank of Canada | $121.79 | $107.81 | -11.48% | Buy |
| WFC | Wells Fargo & Company | $73.58 | $63.70 | -13.43% | Buy |
| JPM | JPMorgan Chase | $240.78 | $204.63 | -15.01% | Buy |