WallStreetZen

NYSE: BAC
Bank Of America Corp Stock Forecast, Predictions & Price Target

Analyst price target for BAC

Based on 9 analysts offering 12 month price targets for Bank Of America Corp.
Min Forecast
$24.00-39.98%
Avg Forecast
$33.67-15.81%
Max Forecast
$44.00+10.03%

Should I buy or sell BAC stock?

Buy
Strong Buy
3 analysts 27.27%
Buy
3 analysts 27.27%
Hold
3 analysts 27.27%
Sell
0 analysts 0%
Strong Sell
2 analysts 18.18%

BAC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Matthew O'Connor
Deutsche Bank
Strong BuyMaintains$44.00+10.03%2021-04-01
John Heagerty
Atlantic Equities
Strong BuyUpgradesN/AN/A2021-01-26
Keith Horowitz
Citigroup
Strong BuyUpgrades$37.00-7.48%2021-01-11
Susan Roth Katzke
Credit Suisse
BuyMaintains$38.00-4.98%2021-01-20
Chris Kotowski
Oppenheimer
BuyMaintains$33.00-17.48%2020-04-16
Kenneth Leon
CFRA
BuyMaintains$28.00-29.98%2020-04-15
David Konrad
DA Davidson
HoldDowngrades$25.00-37.48%2020-07-09
Jim Mitchell
Seaport Global
HoldInitiates Coverage OnN/AN/A2020-07-08
James Fotheringham
BMO Capital
HoldMaintains$24.00-39.98%2020-04-16
Betsy Graseck
Morgan Stanley
Strong SellMaintains$38.00-4.98%2021-03-01

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Forecast return on equity

Is BAC forecast to generate an efficient return?
Company
12.23%
Industry
491.63%
Market
17,184.71%
BAC's Return on Equity is forecast to be low in 3 years (12.23%); 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
1.18%
Industry
1.09%
Market
6,178.71%
BAC is forecast to generate higher Return on Assets (1.18%) than the US Banks - Diversified industry average (1.09%)
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
$2.65+40.85%
Avg 2 year Forecast
$2.97+57.71%
Avg 3 year Forecast
$3.86+105.32%
BAC's earnings are forecast to grow at an exceptional rate of 27.21% per year
Forecast

BAC revenue forecast

What is BAC's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$85.5B-0.07%
Avg 2 year Forecast
$87.7B+2.52%
Avg 3 year Forecast
$98.2B+14.87%
BAC's revenue is forecast to grow at a rate of 2.12% 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
27.21%
Industry
47.89%
Market
32.34%
BAC's earnings are forecast to grow slower (27.21% per year) than the US Banks - Diversified industry average (47.89%)
Forecast
BAC's earnings are forecast to grow slower (27.21% per year) than the US market average (32.34%)
Forecast
BAC's earnings are forecast to grow faster (27.21% per year) than the risk-free savings rate (1.7%)
Forecast

BAC revenue growth forecast

How is BAC forecast to perform vs Banks - Diversified companies and vs the US market?
Company
2.12%
Industry
-0.4%
Market
16.2%
BAC's revenues are forecast to grow faster (2.12% per year) than the US Banks - Diversified industry average (-0.4%)
Forecast
BAC's revenues are forecast to grow slower (2.12% per year) than the US market average (16.2%)
Forecast

Bank Of America Corp Stock Forecast FAQ

Is Bank Of America Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NYSE: BAC) stock is to Buy BAC stock.

Out of 11 analysts, 3 (27.27%) are recommending BAC as a Strong Buy, 3 (27.27%) are recommending BAC as a Buy, 3 (27.27%) are recommending BAC as a Hold, 0 (0%) are recommending BAC as a Sell, and 2 (18.18%) are recommending BAC as a Strong Sell.

What is BAC's earnings growth forecast for 2021-2023?

(NYSE: BAC) Bank Of America Corp's forecast annual earnings growth rate of 27.21% is not forecast to beat the US Banks - Diversified industry's average forecast earnings growth rate of 47.89%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 32.34%.

Bank Of America Corp's earnings in 2021 is $16,473,000,000.On average, 10 Wall Street analysts forecast BAC's earnings for 2021 to be $22,907,291,110, with the lowest BAC earnings forecast at $20,502,371,575, and the highest BAC earnings forecast at $25,952,369,082. On average, 10 Wall Street analysts forecast BAC's earnings for 2022 to be $25,649,591,443, with the lowest BAC earnings forecast at $24,222,211,143, and the highest BAC earnings forecast at $29,672,208,650.

In 2023, BAC is forecast to generate $33,392,048,219 in earnings, with the lowest earnings forecast at $33,392,048,219 and the highest earnings forecast at $33,392,048,219.

What is BAC's revenue growth forecast for 2021-2023?

(NYSE: BAC) Bank Of America Corp's forecast annual revenue growth rate of 2.12% is forecast to beat the US Banks - Diversified industry's average forecast revenue growth rate of -0.4%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 16.2%.

Bank Of America Corp's revenue in 2021 is $85,528,000,000.On average, 6 Wall Street analysts forecast BAC's revenue for 2021 to be $739,337,561,198,707, with the lowest BAC revenue forecast at $723,154,113,680,236, and the highest BAC revenue forecast at $770,259,653,245,696. On average, 6 Wall Street analysts forecast BAC's revenue for 2022 to be $758,508,100,446,147, with the lowest BAC revenue forecast at $737,436,567,465,030, and the highest BAC revenue forecast at $810,313,242,068,400.

In 2023, BAC is forecast to generate $849,904,532,689,858 in revenue, with the lowest revenue forecast at $849,904,532,689,858 and the highest revenue forecast at $849,904,532,689,858.

What is BAC's forecast return on assets (ROA) for 2021-2023?

(NYSE: BAC) forecast ROA is 1.18%, which is higher than the forecast US Banks - Diversified industry average of 1.09%.

What is BAC's Price Target?

According to 9 Wall Street analysts that have issued a 1 year BAC price target, the average BAC price target is $33.67, with the highest BAC stock price forecast at $44.00 and the lowest BAC stock price forecast at $24.00.

On average, Wall Street analysts predict that Bank Of America Corp's share price could stay at $33.67 by Apr 1, 2022. The average Bank Of America Corp stock price prediction forecasts a potential downside of N/A from the current BAC share price of $39.99.

What is BAC's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: BAC) Bank Of America Corp's current Earnings Per Share (EPS) is $1.88. On average, analysts forecast that BAC's EPS will be $2.65 for 2021, with the lowest EPS forecast at $2.37, and the highest EPS forecast at $3.00. On average, analysts forecast that BAC's EPS will be $2.97 for 2022, with the lowest EPS forecast at $2.80, and the highest EPS forecast at $3.43. In 2023, BAC's EPS is forecast to hit $3.86 (min: $3.86, max: $3.86).

What is BAC's forecast return on equity (ROE) for 2021-2023?

(NYSE: BAC) forecast ROE is 12.23%, which is considered weak.
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