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 $48.25 (represents a 24.84% upside from BAC’s last price of $38.65) and a rating consensus of 'Buy', based on 22 wall street analysts offering a 1-year stock forecast.
BAC Price Target
BAC Analyst Ratings
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 |
---|---|---|---|---|---|---|
Sep 03, 2024 | Scott Siefers | Piper Sandler | $44.00 | $40.40 | 8.92% | 13.84% |
Sep 03, 2024 | Matt O'Connor | Deutsche Bank | $45.00 | $40.75 | 10.43% | 16.43% |
Aug 06, 2024 | Kenneth Leon | CFRA | $39.00 | $36.92 | 5.63% | 0.91% |
Jul 17, 2024 | Gerard Cassidy | RBC Capital | $46.00 | $44.13 | 4.24% | 19.02% |
Jul 16, 2024 | Richard Ramsden | Goldman Sachs | $45.00 | $44.27 | 1.65% | 16.43% |
Jul 09, 2024 | Jay McCanless | Wedbush | $144.00 | $40.99 | 251.26% | 272.57% |
Jul 09, 2024 | Scott Siefers | Piper Sandler | $42.00 | $40.62 | 3.40% | 8.67% |
Jul 03, 2024 | Glenn Schorr | Evercore ISI | $43.00 | $40.93 | 5.06% | 11.25% |
Jul 03, 2024 | - | Jefferies | $41.00 | $40.90 | 0.24% | 6.08% |
Jul 02, 2024 | Jim Mitchell | Seaport Global | $48.00 | $40.17 | 19.48% | 24.19% |
Bank of America Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 2 | 10 | 24 |
Avg Price Target | $44.50 | $53.70 | $46.88 |
Last Closing Price | $38.65 | $38.65 | $38.65 |
Upside/Downside | 15.14% | 38.94% | 21.29% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
Sep 03, 2024 | Piper Sandler | Neutral | Neutral | Hold |
Jul 18, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
Jul 17, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Jul 17, 2024 | RBC Capital | Outperform | Outperform | Hold |
Jul 17, 2024 | Wells Fargo | Overweight | Overweight | Hold |
Jul 17, 2024 | Barclays | Overweight | Overweight | Hold |
Jul 16, 2024 | Goldman Sachs | Buy | Buy | Hold |
Jul 09, 2024 | Wedbush | - | Neutral | Upgrade |
Jul 09, 2024 | Piper Sandler | Underweight | Neutral | Upgrade |
Jul 03, 2024 | Evercore ISI | Outperform | Outperform | Hold |
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 | Jul 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 | - | $23.23B | $22.06B | $22.77B | $21.47B | $22.82B | $20.10B | $20.34B | $22.33B | $22.77B | $22.35B | $22.81B |
Avg Forecast | $27.65B | $28.02B | $27.41B | $27.46B | $26.64B | $26.91B | $26.62B | $26.70B | $25.35B | $25.52B | $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 | $28.07B | $28.45B | $27.83B | $27.88B | $27.04B | $27.32B | $27.03B | $27.11B | $25.73B | $26.01B | $25.61B | $25.87B | $24.79B | $25.51B | $25.36B | $25.54B | $24.54B | $23.87B | $22.70B | $23.67B | $22.70B | $22.18B | $22.30B | $22.41B | $21.06B | $21.26B | $22.31B | $23.24B | $22.74B | $23.11B |
Low Forecast | $27.24B | $27.61B | $27.01B | $27.06B | $26.25B | $26.52B | $26.23B | $26.31B | $24.98B | $25.03B | $24.85B | $25.11B | $22.96B | $24.76B | $24.61B | $24.79B | $23.82B | $23.17B | $22.70B | $22.63B | $21.70B | $21.21B | $21.33B | $21.43B | $20.13B | $20.33B | $21.34B | $22.22B | $21.75B | $22.10B |
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 8 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 1.00% | 1.01% | 1.04% | 1.01% | 1.04% | - | 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 8 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $3.63B | $8.10B | $26.23B | $23.30B | $18.79B | $14.65B | - | $9.70B | $9.46B | $10.66B | $9.66B | $10.82B | $7.81B | $6.38B | $5.94B | $8.93B | $13.39B | $13.03B |
Avg Forecast | $9.63B | $9.76B | $9.55B | $9.56B | $9.28B | $9.37B | $9.27B | $9.30B | $8.83B | $8.89B | $8.78B | $10.95B | $8.26B | $8.75B | $8.70B | $9.95B | $8.42B | $9.42B | $7.90B | $9.05B | $8.71B | $8.56B | $6.40B | $7.54B | $7.25B | $6.12B | $3.74B | $10.10B | $12.21B | $11.75B |
High Forecast | $9.77B | $9.91B | $9.69B | $9.71B | $9.42B | $9.52B | $9.41B | $9.44B | $8.96B | $9.06B | $8.92B | $13.14B | $8.63B | $8.89B | $8.83B | $11.94B | $8.55B | $11.30B | $7.90B | $10.86B | $10.45B | $10.27B | $7.68B | $9.05B | $8.69B | $7.34B | $4.49B | $12.12B | $14.65B | $14.10B |
Low Forecast | $9.49B | $9.62B | $9.41B | $9.42B | $9.14B | $9.24B | $9.14B | $9.16B | $8.70B | $8.72B | $8.66B | $8.76B | $8.00B | $8.62B | $8.57B | $7.96B | $8.30B | $7.53B | $7.90B | $7.24B | $6.97B | $6.85B | $5.12B | $6.04B | $5.80B | $4.89B | $2.99B | $8.08B | $9.77B | $9.40B |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.44% | 0.92% | 3.02% | 2.34% | 2.23% | 1.56% | - | 1.07% | 1.09% | 1.25% | 1.51% | 1.43% | 1.08% | 1.04% | 1.59% | 0.88% | 1.10% | 1.11% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 8 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $2.84B | $7.80B | $7.41B | $8.16B | $7.13B | $7.08B | - | $7.07B | $7.01B | $7.69B | $9.22B | $8.05B | $5.47B | $4.88B | $3.53B | $4.01B | $6.99B | $5.78B |
Avg Forecast | $8.82B | $8.64B | $8.70B | $7.81B | $7.74B | $7.65B | $7.49B | $6.97B | $6.61B | $6.39B | $6.34B | $7.98B | $4.24B | $6.58B | $6.69B | $7.26B | $6.14B | $6.79B | $6.02B | $6.60B | $6.46B | $6.17B | $6.11B | $5.61B | $5.07B | $4.68B | $2.22B | $4.53B | $6.38B | $5.21B |
High Forecast | $8.99B | $8.81B | $8.87B | $7.96B | $7.89B | $7.81B | $7.64B | $7.10B | $6.74B | $6.94B | $6.47B | $9.58B | $4.80B | $6.71B | $6.82B | $8.71B | $6.26B | $8.15B | $6.02B | $7.92B | $7.75B | $7.41B | $7.33B | $6.73B | $6.09B | $5.62B | $2.67B | $5.44B | $7.65B | $6.25B |
Low Forecast | $8.65B | $8.47B | $8.53B | $7.66B | $7.59B | $7.51B | $7.35B | $6.83B | $6.49B | $5.83B | $6.22B | $6.38B | $3.63B | $6.46B | $6.56B | $5.80B | $6.02B | $5.43B | $6.02B | $5.28B | $5.17B | $4.94B | $4.89B | $4.49B | $4.06B | $3.75B | $1.78B | $3.63B | $5.10B | $4.17B |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.67% | 1.19% | 1.11% | 1.12% | 1.16% | 1.04% | - | 1.07% | 1.09% | 1.25% | 1.51% | 1.43% | 1.08% | 1.04% | 1.59% | 0.88% | 1.10% | 1.11% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 8 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $13.95B | $11.82B | $12.09B | $12.21B | $11.45B | $11.46B | - | $11.57B | $10.95B | $10.83B | $11.41B | $11.86B | $10.19B | $10.82B | $9.96B | $10.19B | $9.96B | $11.96B |
Avg Forecast | $16.19B | $16.41B | $16.06B | $16.08B | $15.60B | $15.77B | $15.59B | $15.64B | $14.85B | $14.95B | $14.77B | $13.07B | $13.88B | $14.72B | $14.63B | $11.88B | $14.16B | $9.56B | $13.29B | $10.80B | $10.09B | $8.69B | $7.56B | $8.26B | $9.44B | $10.38B | $6.27B | $11.52B | $9.08B | $10.78B |
High Forecast | $16.44B | $16.66B | $16.30B | $16.33B | $15.84B | $16.00B | $15.83B | $15.88B | $15.07B | $15.23B | $15.00B | $15.68B | $14.52B | $14.94B | $14.85B | $14.25B | $14.37B | $11.47B | $13.29B | $12.96B | $12.11B | $10.43B | $9.07B | $9.92B | $11.33B | $12.45B | $7.53B | $13.82B | $10.89B | $12.94B |
Low Forecast | $15.96B | $16.17B | $15.82B | $15.85B | $15.37B | $15.53B | $15.37B | $15.41B | $14.63B | $14.66B | $14.56B | $10.45B | $13.45B | $14.50B | $14.42B | $9.50B | $13.95B | $7.65B | $13.29B | $8.64B | $8.07B | $6.95B | $6.05B | $6.61B | $7.56B | $8.30B | $5.02B | $9.21B | $7.26B | $8.63B |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.80% | 0.83% | 1.03% | 0.81% | 1.20% | - | 1.07% | 1.09% | 1.25% | 1.51% | 1.43% | 1.08% | 1.04% | 1.59% | 0.88% | 1.10% | 1.11% |
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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
# Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 8 | 5 | 4 | 8 | 4 | 5 | 4 | 4 | 3 | 5 | 3 | 6 | 4 | 8 | 10 | 14 | 8 | 8 | 10 | 13 | 7 |
EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.35 | $0.91 | $0.88 | $0.95 | $0.85 | $0.81 | - | $0.81 | $0.85 | $0.86 | $1.04 | $0.87 | $0.60 | $0.51 | $0.38 | $0.40 | $0.75 | $0.57 |
Avg Forecast | $1.11 | $1.08 | $1.09 | $0.98 | $0.97 | $0.96 | $0.94 | $0.87 | $0.83 | $0.80 | $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 | $1.13 | $1.11 | $1.11 | $1.00 | $0.99 | $0.98 | $0.96 | $0.89 | $0.85 | $0.87 | $0.81 | $0.78 | $0.60 | $0.84 | $0.86 | $0.82 | $0.79 | $0.79 | $0.75 | $0.77 | $0.79 | $0.73 | $0.79 | $0.68 | $0.57 | $0.51 | $0.29 | $0.49 | $0.70 | $0.55 |
Low Forecast | $1.09 | $1.06 | $1.07 | $0.96 | $0.95 | $0.94 | $0.92 | $0.86 | $0.81 | $0.73 | $0.78 | $0.75 | $0.46 | $0.81 | $0.82 | $0.79 | $0.76 | $0.76 | $0.75 | $0.73 | $0.74 | $0.69 | $0.75 | $0.64 | $0.53 | $0.48 | $0.28 | $0.47 | $0.66 | $0.52 |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.66% | 1.10% | 1.05% | 1.18% | 1.10% | 1.04% | - | 1.08% | 1.11% | 1.21% | 1.35% | 1.32% | 1.09% | 1.03% | 1.34% | 0.83% | 1.10% | 1.06% |
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 | $61.45 | $106.62 | 73.51% | Buy |
TD | Toronto-Dominion Bank | $62.20 | $89.52 | 43.92% | Buy |
BMO | Bank of Montreal | $85.56 | $120.95 | 41.36% | Hold |
BNS | Bank of Nova Scotia | $52.04 | $71.53 | 37.45% | Hold |
BAC | Bank of America | $38.65 | $48.25 | 24.84% | Buy |
C | Citigroup | $57.67 | $69.92 | 21.24% | Buy |
WFC | Wells Fargo & Company | $52.78 | $58.89 | 11.58% | Buy |
JPM | JPMorgan Chase | $204.32 | $199.22 | -2.50% | Buy |
RY | Royal Bank of Canada | $123.59 | $107.81 | -12.77% | Buy |
NU | Nu | $14.74 | $12.69 | -13.91% | Buy |
BAC Forecast FAQ
Is Bank of America a good buy?
Yes, according to 22 Wall Street analysts, Bank of America (BAC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 14 'Buy' recommendations, accounting for 63.64% of BAC's total ratings.
What is BAC's price target?
Bank of America (BAC) average price target is $48.25 with a range of $36 to $144, implying a 24.84% from its last price of $38.65. The data is based on 22 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Bank of America stock go up soon?
According to Wall Street analysts' prediction for BAC stock, the company can go up by 24.84% (from the last price of $38.65 to the average price target of $48.25), up by 272.57% based on the highest stock price target, and down by -6.86% based on the lowest stock price target.
Can Bank of America stock reach $60?
BAC's highest twelve months analyst stock price target of $144 supports the claim that Bank of America can reach $60 in the near future.
What is Bank of America's current price target trend?
2 Wall Street analysts forecast a $44.5 price target for Bank of America (BAC) this month, up 15.14% from its last price of $38.65. Compared to the last 3 and 12 months, the average price target increased by 38.94% and increased by 21.29%, respectively.
What are Bank of America's analysts' financial forecasts?
Bank of America's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $106.88B (high $108.5B, low $105.31B), average EBITDA is $37.22B (high $37.79B, low $36.68B), average net income is $29.85B (high $30.44B, low $29.28B), average SG&A $62.6B (high $63.56B, low $61.69B), and average EPS is $3.75 (high $3.82, low $3.68). BAC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $110.54B (high $112.22B, low $108.92B), average EBITDA is $38.5B (high $39.08B, low $37.93B), average net income is $33.96B (high $34.63B, low $33.31B), average SG&A $64.75B (high $65.73B, low $63.8B), and average EPS is $4.27 (high $4.35, low $4.18).
Did the BAC's actual financial results beat the analysts' financial forecasts?
Based on Bank of America's last annual report (Dec 2023), the company's revenue was $94.19B, which missed the average analysts forecast of $98.97B by -4.83%. Apple's EBITDA was $30.37B, missing the average prediction of $35.66B by -14.82%. The company's net income was $24.87B, beating the average estimation of $24.77B by 0.39%. Apple's SG&A was $56.29B, beating the average forecast of $55.11B by 2.13%. Lastly, the company's EPS was $3.08, beating the average prediction of $3.01 by 2.41%. In terms of the last quarterly report (Dec 2023), Bank of America's revenue was $20.86B, missing the average analysts' forecast of $23.7B by -12.02%. The company's EBITDA was $3.63B, missing the average prediction of $8.26B by -56.08%. Bank of America's net income was $2.84B, missing the average estimation of $4.24B by -33.14%. The company's SG&A was $13.95B, beating the average forecast of $13.88B by 0.47%. Lastly, the company's EPS was $0.35, missing the average prediction of $0.533 by -34.36%