NYSE: BAC
Bank 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

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.
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.
(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.
(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.
(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).
(NYSE: BAC) forecast ROE is 8.61%, which is considered weak.
(NYSE: BAC) forecast ROA is 0.83%, which is lower than the forecast US Banks - Diversified industry average of 0.89%.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

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.
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