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

Analyst price target for BAC

Based on 10 analysts offering 12 month price targets for Bank Of America Corp.
Min Forecast
$27.50-19.94%
Avg Forecast
$36.44+6.08%
Max Forecast
$50.00+45.56%

Should I buy or sell BAC stock?

Based on 10 analysts offering ratings for Bank Of America Corp.
Buy
Strong Buy
4 analysts 40%
Buy
2 analysts 20%
Hold
3 analysts 30%
Sell
0 analysts 0%
Strong Sell
1 analysts 10%

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BAC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-01-30
lockedlocked$00.00+00.00%2024-01-30Find Out Why
lockedlocked$00.00+00.00%2024-01-16Find Out Why
lockedlocked$00.00+00.00%2024-01-16Find Out Why
lockedlocked$00.00+00.00%2024-01-02
Goldman Sachs
Top 22%
79
Strong BuyMaintains$33.00-3.93%2023-12-01
Keefe, Bruyette & Woods
Top 13%
88
HoldUpgrades$30.00-12.66%2023-11-06Find out why
Piper Sandler
Top 20%
81
Strong SellMaintains$27.50-19.94%2023-09-15
RBC Capital
Top 12%
89
BuyReiterates$35.00+1.89%2023-09-12
HSBC
Top 27%
74
Strong BuyInitiates Coverage On$35.00+1.89%2023-09-07Find out why

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Forecast return on equity

Is BAC forecast to generate an efficient return?
Company
N/A
Industry
4.91%
Market
19.97%

Forecast return on assets

Is BAC forecast to generate an efficient return on assets?
Company
N/A
Industry
0.42%

BAC revenue forecast

What is BAC's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$99.7B+1.14%
Avg 2 year Forecast
$101.4B+2.85%
Avg 3 year Forecast
$93.5B-5.16%
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
31.46%
Industry
12.01%
Market
30.41%
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
0.4%
Industry
2.68%
Market
10.46%
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 Diversified Bank Stocks

TickerPricePrice TargetUp/downsideConsensus
BAC$34.35$36.44+6.08%Buy
WFC$55.06$54.08-1.78%Buy
HSBC$38.98N/AN/A
RY$97.33N/AN/A
MUFG$10.43N/AN/A

Bank Of America Stock Forecast FAQ

Is Bank Of America Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NYSE: BAC) stock is to Buy BAC stock.

Out of 10 analysts, 4 (40%) are recommending BAC as a Strong Buy, 2 (20%) are recommending BAC as a Buy, 3 (30%) are recommending BAC as a Hold, 0 (0%) are recommending BAC as a Sell, and 1 (10%) are recommending BAC as a Strong Sell.

If you're new to stock investing, here's how to buy Bank Of America stock.

What is BAC's revenue growth forecast for 2024-2026?

(NYSE: BAC) Bank Of America's forecast annual revenue growth rate of 0.4% is not forecast to beat the US Banks - Diversified industry's average forecast revenue growth rate of 2.68%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.46%.

Bank Of America's revenue in 2024 is $98,581,000,000.On average, 9 Wall Street analysts forecast BAC's revenue for 2024 to be $784,905,688,922,059, with the lowest BAC revenue forecast at $770,742,935,457,152, and the highest BAC revenue forecast at $795,676,901,517,873. On average, 9 Wall Street analysts forecast BAC's revenue for 2025 to be $798,242,167,614,646, with the lowest BAC revenue forecast at $760,832,912,869,858, and the highest BAC revenue forecast at $816,284,369,899,812.

In 2026, BAC is forecast to generate $736,038,568,390,645 in revenue, with the lowest revenue forecast at $736,035,616,144,066 and the highest revenue forecast at $736,041,520,637,223.

What is BAC's forecast return on assets (ROA) for 2024-2026?

(NYSE: BAC) forecast ROA is N/A, which is lower than the forecast US Banks - Diversified industry average of 0.42%.

What is BAC's Price Target?

According to 10 Wall Street analysts that have issued a 1 year BAC price target, the average BAC price target is $36.44, with the highest BAC stock price forecast at $50.00 and the lowest BAC stock price forecast at $27.50.

On average, Wall Street analysts predict that Bank Of America's share price could reach $36.44 by Jan 30, 2025. The average Bank Of America stock price prediction forecasts a potential upside of 6.08% from the current BAC share price of $34.35.

What is BAC's forecast return on equity (ROE) for 2024-2026?

(NYSE: BAC) forecast ROE is N/A, which is considered weak.
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