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NYSE: BAC
BANK OF AMERICA CORP Stock Forecast, Predictions & Price Target

Buy BAC

Analyst price target for BAC

Based on 12 analysts offering 12 month price targets for BANK OF AMERICA CORP.
Min Forecast
$45.00+39.28%
Avg Forecast
$49.50+53.2%
Max Forecast
$60.00+85.7%

Should I buy or sell BAC stock?

Based on 14 analysts offering ratings for BANK OF AMERICA CORP.
Buy
Strong Buy
6 analysts 42.86%
Buy
3 analysts 21.43%
Hold
5 analysts 35.71%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

BAC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Morgan Stanley
Bottom 23%
23
HoldMaintains$47.00+45.47%2022-06-24
RBC Capital
Bottom 24%
24
BuyMaintains$45.00+39.28%2022-06-14Find out why
BMO Capital
Top 10%
91
HoldMaintains$46.00+42.37%2022-04-19Find out why
Piper Sandler
Top 13%
88
Strong BuyMaintains$51.00+57.85%2022-04-05Find out why
Morgan Stanley
Top 32%
69
HoldUpgrades$49.00+51.66%2022-03-28Find out why
Baird
Top 6%
95
HoldUpgradesN/AN/A2022-03-08Find out why
JP Morgan
Top 24%
77
Strong BuyMaintains$52.50+62.49%2022-01-06Find out why
Anonymous
Barclays
Strong BuyMaintains$58.00+79.51%2022-01-03Find out why
Wells Fargo
Top 4%
97
Strong BuyMaintains$60.00+85.70%2021-10-25
Barclays
Bottom 14%
14
Strong BuyMaintains$49.00+51.66%2021-10-15Find out why

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Forecast return on equity

Is BAC forecast to generate an efficient return?
Company
12.78%
Industry
11.92%
Market
32.18%
BAC's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is BAC forecast to generate an efficient return on assets?
Company
1.05%
Industry
0.98%
BAC is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

BAC earnings per share forecast

What is BAC's earnings per share in the next 3 years based on estimates from 11 analysts?
Avg 1 year Forecast
$3.34-5.65%
Avg 2 year Forecast
$3.89+9.89%
Avg 3 year Forecast
$4.23+19.49%
BAC's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

BAC revenue forecast

What is BAC's revenue in the next 3 years based on estimates from 8 analysts?
Avg 1 year Forecast
$94.5B+5.57%
Avg 2 year Forecast
$102.4B+14.38%
Avg 3 year Forecast
$108.0B+20.68%
BAC's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

BAC earnings growth forecast

How is BAC forecast to perform vs Banks - Diversified companies and vs the US market?
Company
6.74%
Industry
4.32%
Market
15.61%
BAC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
BAC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
BAC's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

BAC revenue growth forecast

How is BAC forecast to perform vs Banks - Diversified companies and vs the US market?
Company
6.72%
Industry
5.72%
Market
9.36%
BAC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
BAC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

BAC vs Banks - Diversified Stocks

TickerPricePrice TargetUp/downsideConsensus
BAC$32.31$49.50+53.20%Buy
JPM$117.32$163.92+39.72%Hold
WFC$40.76$59.14+45.10%Strong Buy
HSBC$33.03$44.50+34.73%Buy
RY$96.48$125.00+29.56%Strong Buy

BANK OF AMERICA Stock Forecast FAQ

Is BANK OF AMERICA Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 14 Wall Street analysts covering (NYSE: BAC) stock is to Buy BAC stock.

Out of 14 analysts, 6 (42.86%) are recommending BAC as a Strong Buy, 3 (21.43%) are recommending BAC as a Buy, 5 (35.71%) are recommending BAC as a Hold, 0 (0%) are recommending BAC as a Sell, and 0 (0%) are recommending BAC as a Strong Sell.

What is BAC's earnings growth forecast for 2022-2024?

(NYSE: BAC) BANK OF AMERICA's forecast annual earnings growth rate of 6.74% is forecast to beat the US Banks - Diversified industry's average forecast earnings growth rate of 4.32%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 15.61%.

BANK OF AMERICA's earnings in 2022 is $29,597,000,000.On average, 11 Wall Street analysts forecast BAC's earnings for 2022 to be $26,909,983,752, with the lowest BAC earnings forecast at $26,184,864,430, and the highest BAC earnings forecast at $28,199,084,771. On average, 11 Wall Street analysts forecast BAC's earnings for 2023 to be $31,341,268,502, with the lowest BAC earnings forecast at $29,407,616,975, and the highest BAC earnings forecast at $33,677,764,097.

In 2024, BAC is forecast to generate $34,080,608,165 in earnings, with the lowest earnings forecast at $27,554,534,261 and the highest earnings forecast at $39,800,993,933.

What is BAC's revenue growth forecast for 2022-2024?

(NYSE: BAC) BANK OF AMERICA's forecast annual revenue growth rate of 6.72% is forecast to beat the US Banks - Diversified industry's average forecast revenue growth rate of 5.72%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.36%.

BANK OF AMERICA's revenue in 2022 is $89,520,000,000.On average, 8 Wall Street analysts forecast BAC's revenue for 2022 to be $761,394,190,247,178, with the lowest BAC revenue forecast at $752,206,557,812,406, and the highest BAC revenue forecast at $776,262,310,773,170. On average, 8 Wall Street analysts forecast BAC's revenue for 2023 to be $824,962,581,357,179, with the lowest BAC revenue forecast at $805,378,510,349,220, and the highest BAC revenue forecast at $851,146,672,326,319.

In 2024, BAC is forecast to generate $870,389,163,792,012 in revenue, with the lowest revenue forecast at $831,630,488,600,724 and the highest revenue forecast at $919,667,144,997,275.

What is BAC's forecast return on assets (ROA) for 2022-2025?

(NYSE: BAC) forecast ROA is 1.05%, which is higher than the forecast US Banks - Diversified industry average of 0.98%.

What is BAC's Price Target?

According to 12 Wall Street analysts that have issued a 1 year BAC price target, the average BAC price target is $49.50, with the highest BAC stock price forecast at $60.00 and the lowest BAC stock price forecast at $45.00.

On average, Wall Street analysts predict that BANK OF AMERICA's share price could reach $49.50 by Jun 24, 2023. The average BANK OF AMERICA stock price prediction forecasts a potential upside of 53.2% from the current BAC share price of $32.31.

What is BAC's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: BAC) BANK OF AMERICA's current Earnings Per Share (EPS) is $3.54. On average, analysts forecast that BAC's EPS will be $3.34 for 2022, with the lowest EPS forecast at $3.25, and the highest EPS forecast at $3.50. On average, analysts forecast that BAC's EPS will be $3.89 for 2023, with the lowest EPS forecast at $3.65, and the highest EPS forecast at $4.18. In 2024, BAC's EPS is forecast to hit $4.23 (min: $3.42, max: $4.94).

What is BAC's forecast return on equity (ROE) for 2022-2025?

(NYSE: BAC) forecast ROE is 12.78%, which is considered weak.
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