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Price
Target price
€40.18

€40.18

0.100%
0.04
0.100%
€44.92
 
09:19 / Tradegate WKN: 858388 / Symbol: BAC / Name: Bank of America / Stock / Banking Services / Large Cap /
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Bank of America Corp. Stock

With 44 Buy predictions and 3 Sell predictions Bank of America Corp. is one of the favorites of our community.
With a target price of 44 € there is a slightly positive potential of 9.51% for Bank of America Corp. compared to the current price of 40.18 €.
Our community identified positive and negative aspects for Bank of America Corp. stock for the coming years. 2 users see the criterium "Valuation (undervalued/overvalued)" as a plus for the Bank of America Corp. stock. On the other hand our users think that "General Risks" could be a problem in the future.

Pros and Cons of Bank of America Corp. in the next few years

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Performance of Bank of America Corp. vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Bank of America Corp. 0.100% 0.413% 3.374% 8.092% -4.542% 34.924% 89.967%
Citigroup Inc. -0.040% 5.368% 8.992% 21.883% 6.959% 64.425% 58.787%
Comerica Inc. 0.990% 2.823% 0.000% 6.695% -14.286% -28.671% 50.000%
Citizens Financial 1.280% 3.446% 6.972% 17.352% -8.295% 11.038% 80.833%

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2024-08-01

Bank of America (BAC) stands as one of the leading names in the banking industry, reflecting a robust financial performance juxtaposed with certain obstacles in the competitive landscape. The financial statements, coupled with the ratios and valuation metrics, provide a comprehensive view of the company’s economic health and make it evident that BAC has demonstrated resilience, especially in a fluctuating economy. However, like any major institution, it faces both favorable conditions and challenges that could shape its future trajectory.

Starting with the balance sheet, Bank of America's total assets as of December 31, 2023, amounted to over $3.18 trillion, indicating significant scalability and market strength. The company’s total liabilities reached approximately $2.89 trillion, resulting in stockholder equity of about $291.65 billion. The retained earnings show solid growth from $224.67 billion in 2023, a notable increase from $207 billion in 2022, highlighting a commitment to reinvesting profits into the business. This reflects positively on the company’s ability to generate sufficient earnings to support its operations and shareholder interests.

One significant strength of BAC is its liquidity position. The reported cash holdings of around $341.42 billion as of the end of 2023 provide a cushion against possible financial strains. Moreover, the company boasts a diversified investment portfolio, primarily in long-term investments worth over $1 trillion, ensuring stability in its revenue streams.

Comments

Prediction Buy
Perf. (%) -0.89%
Target price 46.202
Change
Ends at 26.06.26

Bank of America Corporation (NYSE: BAC) had its price target raised by analysts at Citigroup Inc. from $50.00 to $54.00. They now have a "buy" rating on the stock.
Ratings data for BAC provided by MarketBeat
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Prediction Buy
Perf. (%) 1.10%
Target price 42.615
Change
Ends at 23.06.26

Bank of America Corporation (NYSE: BAC) had its price target raised by analysts at Morgan Stanley from $47.00 to $49.00. They now have an "overweight" rating on the stock.
Ratings data for BAC provided by MarketBeat
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Prediction Buy
Perf. (%) 1.72%
Target price 45.656
Change
Ends at 10.06.26

Bank of America Co. (NYSE: BAC) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $46.00 to $52.00. They now have a "buy" rating on the stock.
Ratings data for BAC provided by MarketBeat
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News

Bank of America Stock: Investors Flee US Equities
Bank of America Stock: Investors Flee US Equities

Investor sentiment at US stock exchanges has dramatically shifted, as evidenced by massive reallocations related to Bank of America investments. According to BofA's recent Global Fund Manager

Bank of America Stock: AI Revolution Reshapes Investment Landscape
Bank of America Stock: AI Revolution Reshapes Investment Landscape

Bank of America has released a comprehensive analysis of major investment trends anticipated over the next five years, with artificial intelligence taking center stage. The financial institution

Bank of America Stock: Fund Managers' Picks Underperform Market Expectations
Bank of America Stock: Fund Managers' Picks Underperform Market Expectations

A recent global fund manager survey conducted by Bank of America, encompassing portfolio managers overseeing $600 billion in assets, has revealed a surprising trend in investment performance. The