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 $55.00 (represents a 24.52% upside from BAC’s last price of $44.17) 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 $55.00 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 $39.00. This represents a potential 24.52% upside from BAC's last price of $44.17.
BAC Analyst Ratings
Buy
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% | 8.67% |
| Oct 16, 2024 | Chris Kotowski | Oppenheimer | $50.00 | $42.14 | 18.65% | 13.20% |
| Oct 16, 2024 | Glenn Schorr | Evercore ISI | $45.00 | $42.14 | 6.79% | 1.88% |
| Sep 03, 2024 | Scott Siefers | Piper Sandler | $44.00 | $40.40 | 8.92% | -0.38% |
| Sep 03, 2024 | Matt O'Connor | Deutsche Bank | $45.00 | $40.75 | 10.43% | 1.88% |
| Aug 06, 2024 | Kenneth Leon | CFRA | $39.00 | $36.92 | 5.63% | -11.70% |
| Jul 17, 2024 | Gerard Cassidy | RBC Capital | $46.00 | $44.13 | 4.24% | 4.14% |
| Jul 16, 2024 | Richard Ramsden | Goldman Sachs | $45.00 | $44.27 | 1.65% | 1.88% |
| Jul 09, 2024 | Jay McCanless | Wedbush | $144.00 | $40.99 | 251.26% | 226.01% |
| Jul 09, 2024 | Scott Siefers | Piper Sandler | $42.00 | $40.62 | 3.40% | -4.91% |
| Jul 03, 2024 | Glenn Schorr | Evercore ISI | $43.00 | $40.93 | 5.06% | -2.65% |
| Jul 03, 2024 | Jefferies | $41.00 | $40.90 | 0.24% | -7.18% | |
| Jul 02, 2024 | Jim Mitchell | Seaport Global | $48.00 | $40.17 | 19.48% | 8.67% |
| Jun 14, 2024 | Mark Mahaney | Evercore ISI | $75.00 | $39.34 | 90.67% | 69.80% |
| Jun 04, 2024 | Scott Siefers | Piper Sandler | $37.00 | $39.88 | -7.22% | -16.23% |
| Apr 19, 2024 | Steven Chubak | Wolfe Research | $42.00 | $35.77 | 17.42% | -4.91% |
| Apr 17, 2024 | Gerard Cassidy | RBC Capital | $39.00 | $35.23 | 10.70% | -11.70% |
| Apr 17, 2024 | Chris Kotowski | Oppenheimer | $45.00 | $35.59 | 26.42% | 1.88% |
| Apr 17, 2024 | James Fotheringham | BMO Capital | $37.00 | $34.68 | 6.69% | -16.23% |
| Apr 17, 2024 | David George | Robert W. Baird | $38.00 | $34.68 | 9.57% | -13.97% |
| Mar 28, 2024 | Mike Mayo | Wells Fargo | $44.00 | $37.62 | 16.96% | -0.38% |
| Mar 28, 2024 | Saul Martinez | HSBC | $39.00 | $37.81 | 3.15% | -11.70% |
| Jan 30, 2024 | Betsy Graseck | Morgan Stanley | $41.00 | $34.79 | 17.85% | -7.18% |
| Jan 16, 2024 | James Fotheringham | Loop Capital Markets | $36.00 | $32.12 | 12.08% | -18.50% |
| Jan 12, 2024 | James Fotheringham | BMO Capital | $40.00 | $33.15 | 20.66% | -9.44% |
| Oct 18, 2023 | James Fotheringham | Loop Capital Markets | $40.00 | $27.59 | 44.98% | -9.44% |
| Oct 16, 2023 | Saul Martinez | HSBC | $35.00 | $27.02 | 29.51% | -20.76% |
| Apr 19, 2023 | Chris Kotowski | Oppenheimer | $47.00 | $30.01 | 56.61% | 6.41% |
| Feb 02, 2023 | Oppenheimer | $53.00 | $35.92 | 47.55% | 19.99% | |
| Jan 13, 2023 | Jason Goldberg | Barclays | $48.00 | $34.47 | 39.25% | 8.67% |
| Jan 13, 2023 | Betsy Graseck | Morgan Stanley | $37.00 | $34.47 | 7.34% | -16.23% |
| Dec 28, 2022 | Oppenheimer | $51.00 | $32.77 | 55.63% | 15.46% | |
| Dec 08, 2022 | Piper Sandler | $36.00 | $32.74 | 9.96% | -18.50% | |
| Dec 06, 2022 | Morgan Stanley | $38.00 | $33.41 | 13.72% | -13.97% | |
| Jul 19, 2022 | RBC Capital | $40.00 | $33.21 | 20.45% | -9.44% | |
| Jul 19, 2022 | Credit Suisse | $43.00 | $32.26 | 33.29% | -2.65% | |
| Jul 18, 2022 | Richard Ramsden | Goldman Sachs | $39.00 | $32.26 | 20.89% | -11.70% |
| Jul 10, 2022 | Jeffery Harte | Piper Sandler | $47.00 | $31.79 | 47.85% | 6.41% |
| Jun 27, 2022 | Credit Suisse | $45.00 | $32.31 | 39.28% | 1.88% | |
| Jun 24, 2022 | Betsy Graseck | Morgan Stanley | $47.00 | $32.31 | 45.47% | 6.41% |
| Jun 24, 2022 | Morgan Stanley | $47.00 | $32.08 | 46.51% | 6.41% | |
| Jun 14, 2022 | RBC Capital | $45.00 | $32.02 | 40.54% | 1.88% | |
| Apr 19, 2022 | Capital One Financial | $46.00 | $39.50 | 16.46% | 4.14% | |
| Apr 19, 2022 | BMO Capital | $38.95 | $39.51 | -1.40% | -11.82% | |
| Apr 19, 2022 | BMO Capital | $46.00 | $39.51 | 16.43% | 4.14% | |
| Apr 19, 2022 | Keith Horowitz | Citigroup | $47.00 | $38.85 | 20.98% | 6.41% |
| Apr 15, 2022 | Ken Usdin | Jefferies | $43.00 | $37.57 | 14.45% | -2.65% |
| Apr 08, 2022 | Jeffery Harte | Piper Sandler | $51.00 | $39.67 | 28.56% | 15.46% |
| Apr 02, 2022 | Betsy Graseck | Morgan Stanley | $49.00 | $40.90 | 19.80% | 10.94% |
| Mar 08, 2022 | David George | Robert W. Baird | $42.00 | $38.59 | 8.84% | -4.91% |
| Jan 20, 2022 | Stephen Biggar | Argus Research | $55.00 | $45.53 | 20.80% | 24.52% |
| Jan 20, 2022 | Glenn Schorr | Evercore ISI | $52.00 | $45.53 | 14.21% | 17.73% |
| Jan 19, 2022 | Richard Ramsden | Goldman Sachs | $54.00 | $46.21 | 16.86% | 22.25% |
| Jan 16, 2022 | Jeffery Harte | Piper Sandler | $57.00 | $47.91 | 18.97% | 29.05% |
| Jan 12, 2022 | Keith Horowitz | Citigroup | $57.00 | $48.62 | 17.24% | 29.05% |
| Jan 04, 2022 | Steven Chubak | Wolfe Research | $49.00 | $47.76 | 2.60% | 10.94% |
| Jan 03, 2022 | Jason Goldberg | Barclays | $58.00 | $45.96 | 26.20% | 31.31% |
| Dec 09, 2021 | Erika Najarian | UBS | $64.00 | $44.27 | 44.57% | 44.89% |
| Sep 13, 2021 | Richard Bove | Odeon Capital Group LLC | $46.50 | $40.54 | 14.70% | 5.28% |
| Jul 16, 2021 | Susan Roth Katzke | Credit Suisse | $47.00 | $37.36 | 25.80% | 6.41% |
| Jul 06, 2021 | David Konrad | KBW | $40.00 | $39.48 | 1.32% | -9.44% |
| Jun 02, 2021 | Gregg Gilbert | Bank of America Securities | $48.00 | $42.13 | 13.93% | 8.67% |
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 8.67% increase from BAC last price ($44.17).
Bank of America Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 3 | 25 |
| Avg Price Target | - | $47.67 | $47.72 |
| Last Closing Price | $44.17 | $44.17 | $44.17 |
| Upside/Downside | -100.00% | 7.92% | 8.04% |
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 $44.17. 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 |
| 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 |
| Jul 03, 2024 | Jefferies | Hold | Hold | Hold |
| Jul 02, 2024 | Seaport Global | Buy | Upgrade | |
| Jun 14, 2024 | Evercore ISI | Outperform | Upgrade | |
| Jun 13, 2024 | Keefe, Bruyette & Woods | Market Perform | Outperform | Upgrade |
| Jun 12, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Jun 04, 2024 | Piper Sandler | Underweight | Underweight | Hold |
| May 30, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Apr 19, 2024 | Wolfe Research | Outperform | Upgrade | |
| Apr 17, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Apr 17, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Apr 17, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Apr 08, 2024 | Jefferies | Hold | Hold | Hold |
| Apr 04, 2024 | UBS | Buy | Neutral | Downgrade |
| Mar 28, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Feb 20, 2024 | Wells Fargo | Hold | Hold | Hold |
| Jan 30, 2024 | Morgan Stanley | Equal-Weight | Overweight | Upgrade |
| Jan 16, 2024 | BMO Capital | Perform | Perform | Hold |
| Jan 12, 2024 | Piper Sandler | Underweight | Underweight | Hold |
| Jan 12, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jan 12, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jan 12, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Nov 06, 2023 | Keefe, Bruyette & Woods | Underperform | Market Perform | Upgrade |
| Oct 18, 2023 | BMO Capital | Perform | Perform | Hold |
| Oct 18, 2023 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 16, 2023 | HSBC | Buy | Initialise | |
| Oct 16, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Oct 16, 2023 | Oppenheimer | Outperform | Outperform | Hold |
| Oct 16, 2023 | Piper Sandler | Underweight | Underweight | Hold |
| Oct 16, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Apr 19, 2023 | RBC Capital | Outperform | Outperform | Hold |
| Apr 19, 2023 | Keefe, Bruyette & Woods | Underperform | Underperform | Hold |
| Apr 19, 2023 | Oppenheimer | Outperform | Outperform | Hold |
| Apr 19, 2023 | Citigroup | Neutral | Neutral | Hold |
| Apr 05, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Apr 03, 2023 | Goldman Sachs | Buy | Buy | Hold |
| Mar 24, 2023 | RBC Capital | Outperform | Outperform | Hold |
| Feb 02, 2023 | Oppenheimer | Outperform | Outperform | Hold |
| Jan 31, 2023 | Piper Sandler | Neutral | Overweight | Initialise |
| Jan 17, 2023 | Sandler O'Neill | Reduce | Downgrade | |
| Jan 13, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jan 06, 2023 | Truist Financial | Hold | Downgrade | |
| Jan 06, 2023 | J.P. Morgan | Cautious | Downgrade | |
| Jan 03, 2023 | Barclays | Overweight | Overweight | Hold |
| Dec 28, 2022 | Oppenheimer | Outperform | Outperform | Hold |
| Dec 08, 2022 | Piper Sandler | Overweight | Neutral | Initialise |
| Dec 06, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Nov 14, 2022 | Citigroup | Positive | Neutral | Downgrade |
| Oct 05, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Sep 27, 2022 | UBS | Buy | Buy | Hold |
| Jul 19, 2022 | RBC Capital | Outperform | Outperform | Hold |
| Jul 19, 2022 | Credit Suisse | Outperform | Outperform | Hold |
| Jul 18, 2022 | Goldman Sachs | Buy | Buy | Hold |
| Jul 11, 2022 | Societe Generale | Buy | Upgrade | |
| Jul 10, 2022 | Piper Sandler | Overweight | Overweight | Hold |
| Jun 29, 2022 | Citigroup | Buy | Positive | Downgrade |
| Jun 27, 2022 | Credit Suisse | Outperform | Outperform | Hold |
| Jun 24, 2022 | Morgan Stanley | Reduce | Reduce | Hold |
| Jun 24, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 14, 2022 | RBC Capital | Outperform | Outperform | Hold |
| Apr 25, 2022 | RBC Capital | Buy | Buy | Hold |
| Apr 21, 2022 | Citigroup | Buy | Buy | Hold |
| Apr 02, 2022 | Morgan Stanley | In-Line | Downgrade | |
| Jan 16, 2022 | Piper Sandler | Overweight | Overweight | Hold |
| Apr 19, 2021 | RBC Capital | Outperform | Outperform | Hold |
| Apr 12, 2021 | Jefferies | Hold | Hold | Hold |
| Apr 01, 2021 | Deutsche Bank | Buy | Buy | Hold |
| Jan 22, 2021 | Oppenheimer | Outperform | Outperform | Hold |
| Jan 06, 2021 | Barclays | Overweight | Overweight | Hold |
| Oct 05, 2020 | Deutsche Bank | Buy | Upgrade | |
| Oct 05, 2020 | Oppenheimer | Buy | Buy | 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
Quarter
| 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 | $28.08B | $28.73B | $28.36B | $28.41B | $26.59B | $27.03B | $26.65B | $26.52B | $25.11B | $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 | $28.51B | $29.17B | $28.78B | $28.83B | $26.99B | $27.44B | $27.05B | $26.71B | $25.56B | $25.40B | $25.22B | $25.49B | $24.79B | $25.51B | $25.35B | $25.54B | $24.54B | $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 | $27.55B | $28.18B | $27.82B | $27.86B | $26.09B | $26.52B | $26.14B | $26.34B | $24.82B | $25.10B | $25.22B | $25.49B | $22.96B | $24.65B | $24.50B | $24.68B | $23.71B | $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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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% |
Forecast
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
Quarter
| 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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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 | $11.29B | $11.14B | $11.16B | $10.45B | $10.62B | $10.47B | $10.42B | $9.86B | $9.92B | $9.91B | $10.95B | $9.31B | $9.87B | $9.81B | $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 | $11.46B | $11.31B | $11.33B | $10.60B | $10.78B | $10.62B | $10.49B | $10.04B | $9.98B | $9.91B | $13.14B | $9.74B | $10.02B | $9.96B | $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 | $10.82B | $11.07B | $10.93B | $10.94B | $10.25B | $10.42B | $10.27B | $10.34B | $9.75B | $9.86B | $9.91B | $8.76B | $9.02B | $9.68B | $9.62B | $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% | 2.67% | 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% |
Forecast
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
Quarter
| 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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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 | $8.27B | $8.66B | $8.47B | $7.74B | $7.54B | $7.58B | $7.39B | $6.73B | $6.11B | $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 | $8.43B | $8.83B | $8.63B | $7.89B | $7.69B | $7.73B | $7.54B | $7.05B | $6.58B | $6.20B | $6.30B | $9.58B | $4.76B | $6.66B | $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 | $8.07B | $8.45B | $8.26B | $7.55B | $7.35B | $7.39B | $7.21B | $6.25B | $5.80B | $5.83B | $6.29B | $6.38B | $3.60B | $6.37B | $6.47B | $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% |
Forecast
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
Quarter
| 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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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 | $16.38B | $16.75B | $16.53B | $16.56B | $15.51B | $15.76B | $15.54B | $15.46B | $14.64B | $14.72B | $14.71B | $13.07B | $13.82B | $14.65B | $14.56B | $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 | $16.62B | $17.01B | $16.78B | $16.81B | $15.74B | $16.00B | $15.77B | $15.57B | $14.91B | $14.81B | $14.71B | $15.68B | $14.45B | $14.87B | $14.78B | $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 | $16.06B | $16.43B | $16.22B | $16.25B | $15.21B | $15.46B | $15.24B | $15.36B | $14.47B | $14.64B | $14.71B | $10.45B | $13.39B | $14.37B | $14.28B | $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 % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 0.81% | 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% |
Forecast
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
Quarter
| 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 | 4 | 5 | 4 | 5 | 2 | 7 | 8 | 4 | 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 | $1.05 | $1.10 | $1.07 | $0.98 | $0.95 | $0.96 | $0.94 | $0.85 | $0.77 | $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 | $1.07 | $1.12 | $1.09 | $1.00 | $0.97 | $0.98 | $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 | $1.02 | $1.07 | $1.04 | $0.96 | $0.93 | $0.94 | $0.91 | $0.79 | $0.73 | $0.74 | $0.80 | $0.76 | $0.46 | $0.81 | $0.82 | $0.79 | $0.75 | $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% |
Forecast
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 |
|---|---|---|---|---|---|
| TD | Toronto-Dominion Bank | $52.55 | $89.52 | 70.35% | Buy |
| CM | Canadian Imperial Bank of Commerce | $65.76 | $106.62 | 62.14% | Buy |
| RY | Royal Bank of Canada | $123.70 | $193.00 | 56.02% | Buy |
| NU | Nu | $11.70 | $15.40 | 31.62% | Buy |
| BNS | Bank of Nova Scotia | $54.74 | $71.00 | 29.70% | Hold |
| BMO | Bank of Montreal | $98.15 | $120.95 | 23.23% | Hold |
| BAC | Bank of America | $45.05 | $55.00 | 22.09% | Buy |
| HSBC | HSBC | $48.64 | $52.00 | 6.91% | Buy |
| C | Citigroup | $71.12 | $76.00 | 6.86% | Buy |
| WFC | Wells Fargo & Company | $70.81 | $67.15 | -5.17% | Buy |
| JPM | JPMorgan Chase | $238.36 | $225.42 | -5.43% | Buy |