NYSE: BACBank Of America Corp Stock Forecast, Predictions & Price Target
Analyst price target for BAC
Based on 14 analysts offering 12 month price targets for Bank Of America Corp.
Min Forecast
$21.00-11.47%
Avg Forecast
$28.54+20.30%
Max Forecast
$43.00+81.28%
Should I buy or sell BAC stock?
Buy
Strong Buy
8 analysts 47.06%
Buy
1 analysts 5.88%
Hold
7 analysts 41.18%
Sell
0 analysts 0.00%
Strong Sell
1 analysts 5.88%
Forecast return on equity
Is BAC forecast to generate an efficient return?
Company
8.61%
Industry
11.46%
Market
14.09%
BAC's Return on Equity is forecast to be low in 3 years (8.61%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast
Forecast return on assets
Is BAC forecast to generate an efficient return on assets?
Company
0.83%
Industry
0.89%
Market
10.00%
BAC is forecast to generate lower Return on Assets (0.83%) than the US Banks - Diversified industry average (0.89%)
Forecast
BAC earnings per share forecast
What is BAC's earnings per share in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$1.74-16.95%
Avg 2 year Forecast
$2.00-4.93%
Avg 3 year Forecast
$2.64+25.48%
BAC's earnings are forecast to grow at a rate of 0.19% per year, which is not exceptional
Forecast
BAC revenue forecast
What is BAC's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$85.7B-5.06%
Avg 2 year Forecast
$85.3B-5.49%
Avg 3 year Forecast
$88.1B-2.41%
BAC's revenue is forecast to grow at a rate of -2.25% per year, which is not exceptional
Forecast
BAC earnings growth forecast
How is BAC forecast to perform vs Banks - Diversified companies and vs the US market?
Company
0.19%
Industry
-0.19%
Market
15.20%
BAC's earnings are forecast to grow faster (0.19% per year) than the US Banks - Diversified industry average (-0.19%)
Forecast
BAC's earnings are forecast to grow slower (0.19% per year) than the US market average (15.20%)
Forecast
BAC revenue growth forecast
How is BAC forecast to perform vs Banks - Diversified companies and vs the US market?
Company
-2.25%
Industry
-1.51%
Market
3.14%
BAC's revenues are forecast to grow slower (-2.25% per year) than the US Banks - Diversified industry average (-1.51%)
Forecast
BAC's revenues are forecast to grow slower (-2.25% per year) than the US market average (3.14%)
Forecast
Bank Of America Corp Stock Forecast FAQ
Is Bank Of America Corp Stock a good buy in 2020, according to Wall Street analysts?
The consensus among 17 Wall Street analysts covering (NYSE: BAC) stock is to Buy BAC stock.
Out of 17 analysts, 8 (47.06%) are recommending BAC as a Strong Buy, 1 (5.88%) are recommending BAC as a Buy, 7 (41.18%) are recommending BAC as a Hold, 0 (0.00%) are recommending BAC as a Sell, and 1 (5.88%) are recommending BAC as a Strong Sell.
What is BAC's Price Target?
According to 14 Wall Street analysts that have issued a 1 year BAC price target, the average BAC price target is $28.54, with the highest BAC stock price forecast at $43.00 and the lowest BAC stock price forecast at $21.00.
On average, Wall Street analysts predict that Bank Of America Corp's share price could reach $28.54 by Oct 16, 2021. The average Bank Of America Corp stock price prediction forecasts a potential upside of 20.30% from the current BAC share price of $23.72.
What is BAC's earnings growth forecast for 2020-2022?
(NYSE: BAC) Bank Of America Corp's forecast annual earnings growth rate of 0.19% is forecast to beat the US Banks - Diversified industry's average forecast earnings growth rate of -0.19%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 15.20%.
Bank Of America Corp's earnings in 2020 is $18,845,000,000.On average, 10 Wall Street analysts forecast BAC's earnings for 2020 to be $15,130,265,493, with the lowest BAC earnings forecast at $12,666,391,984, and the highest BAC earnings forecast at $16,049,880,254. On average, 11 Wall Street analysts forecast BAC's earnings for 2021 to be $17,319,989,697, with the lowest BAC earnings forecast at $12,232,611,437, and the highest BAC earnings forecast at $20,387,685,728.
In 2022, BAC is forecast to generate $22,860,234,848 in earnings, with the lowest earnings forecast at $21,255,246,823 and the highest earnings forecast at $23,857,930,107.
What is BAC's revenue growth forecast for 2020-2022?
(NYSE: BAC) Bank Of America Corp's forecast annual revenue growth rate of -2.25% is not forecast to beat the US Banks - Diversified industry's average forecast revenue growth rate of -1.51%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 3.14%.
Bank Of America Corp's revenue in 2020 is $90,249,000,000.On average, 7 Wall Street analysts forecast BAC's revenue for 2020 to be $743,346,395,361,541, with the lowest BAC revenue forecast at $733,091,554,277,065, and the highest BAC revenue forecast at $753,485,486,444,748. On average, 7 Wall Street analysts forecast BAC's revenue for 2021 to be $739,971,582,702,769, with the lowest BAC revenue forecast at $722,400,772,418,064, and the highest BAC revenue forecast at $765,733,193,444,478.
In 2022, BAC is forecast to generate $764,117,421,634,689 in revenue, with the lowest revenue forecast at $733,496,878,820,556 and the highest revenue forecast at $798,114,998,063,997.
What is BAC's Earnings Per Share (EPS) forecast for 2020-2022?
(NYSE: BAC) Bank Of America Corp's current Earnings Per Share (EPS) is $2.10. On average, analysts forecast that BAC's EPS will be $1.74 for 2020, with the lowest EPS forecast at $1.46, and the highest EPS forecast at $1.85. On average, analysts forecast that BAC's EPS will be $2.00 for 2021, with the lowest EPS forecast at $1.41, and the highest EPS forecast at $2.35. In 2022, BAC's EPS is forecast to hit $2.64 (min: $2.45, max: $2.75).
What is BAC's forecast return on equity (ROE) for 2020-2022?
(NYSE: BAC) forecast ROE is 8.61%, which is considered weak.
What is BAC's forecast return on assets (ROA) for 2020-2022?
(NYSE: BAC) forecast ROA is 0.83%, which is lower than the forecast US Banks - Diversified industry average of 0.89%.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.
