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Price
Target price
€43.51

€43.51

0.590%
0.255
0.590%
€47.33
 
15:17 / Tradegate WKN: 858388 / Symbol: BAC / Name: Bank of America / Stock / Banking Services / Large Cap /
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Bank of America Corp. Stock

Bank of America Corp. gained 0.590% compared to yesterday.
The stock is one of the favorites of our community with 49 Buy predictions and 1 Sell predictions.
As a result the target price of 47 € shows a slightly positive potential of 8.02% compared to the current price of 43.51 € for Bank of America Corp..
For the coming years our community has positive and negative things to say abot the Bank of America Corp. stock. Criterium "Valuation (undervalued/overvalued)" gathered the most positive votes but regarding "General Risks" there were negative voices in the community.

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. 0.590% -2.994% 1.872% 18.345% 2.866% 34.062% 106.962%
Citigroup Inc. 2.110% -5.795% 2.198% 45.838% 23.231% 87.645% 118.451%
Comerica Inc. 13.220% 2.542% 2.542% 12.037% 1.681% -21.429% 69.944%
Citizens Financial 1.780% 0.362% 3.681% 22.021% 10.529% 25.055% 95.598%

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. (%) 0.22%
Target price 50.327
Change
Ends at 03.10.26

Bank of America (NYSE:BAC) had its price target raised by analysts at TD Cowen from $54.00 to $59.00. They now have a "buy" rating on the stock.
Ratings data for BAC provided by MarketBeat
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Prediction Buy
Perf. (%) 0.22%
Target price 50.327
Change
Ends at 03.10.26

Bank of America (NYSE:BAC) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $56.00 to $59.00. They now have a "buy" rating on the stock.
Ratings data for BAC provided by MarketBeat
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Bank of America (NYSE:BAC) was upgraded by analysts at Erste Group Bank AG from a "hold" rating to a "buy" rating.
Ratings data for BAC provided by MarketBeat
Show more