Bank of America (BAC) Stock Forecast, Price & News

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BAC, but not buy additional shares or sell existing shares.
View BAC analyst ratings or view top-rated stocks.

18 analysts have issued twelve-month target prices for Bank of America's stock. Their BAC share price forecasts range from $29.00 to $47.00. On average, they anticipate the company's share price to reach $36.77 in the next twelve months. This suggests a possible upside of 25.8% from the stock's current price.
View analysts price targets for BAC or view top-rated stocks among Wall Street analysts.

Bank of America's stock was trading at $33.12 at the beginning of the year. Since then, BAC stock has decreased by 11.7% and is now trading at $29.23.
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Bank of America saw a decline in short interest in May. As of May 15th, there was short interest totaling 82,470,000 shares, a decline of 12.0% from the April 30th total of 93,720,000 shares. Based on an average daily volume of 62,750,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.0% of the company's stock are sold short.
View Bank of America's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our BAC earnings forecast.

Bank of America will be holding an earnings conference call on Tuesday, July 18th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Bank of America Co. (NYSE:BAC) announced its quarterly earnings data on Tuesday, April, 18th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.11. The financial services provider had revenue of $26.26 billion for the quarter, compared to analysts' expectations of $25.28 billion. Bank of America had a net margin of 21.85% and a trailing twelve-month return on equity of 11.72%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS.
Read the conference call transcript.

Bank of America announced a quarterly dividend on Wednesday, April 26th. Shareholders of record on Friday, June 2nd will be paid a dividend of $0.22 per share on Friday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, June 1st.
Read our dividend analysis for BAC.

ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), iShares U.S. Financial Services ETF (IYG), Fidelity MSCI Financials Index ETF (FNCL), Vanguard Financials ETF (VFH), Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Invesco S&P 500 Enhanced Value ETF (SPVU) and Financial Select Sector SPDR Fund (XLF).

Bank of America (NYSE:BAC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.99%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 26.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Glassdoor.com. Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU), General Electric (GE), Intel (INTC), Citigroup (C), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS) and Wells Fargo & Company (WFC).

Bank of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "BAC."

Bank of America's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Berkshire Hathaway Inc (12.96%), Geode Capital Management LLC (1.57%), Price T Rowe Associates Inc. MD (1.51%), Bank of New York Mellon Corp (0.71%), Dodge & Cox (0.54%) and Charles Schwab Investment Management Inc. (0.49%). Insiders that own company stock include Andrew M Sieg, Berkshire Hathaway Inc, Dean C Athanasia, Frank P Bramble, Matthew M Koder, Of America Corp /De/ Bank and Thong M Nguyen.
View institutional ownership trends.

Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BAC stock can currently be purchased for approximately $29.23.

Bank of America (NYSE:BAC) has a market capitalization of $232.94 billion and generates $115.05 billion in revenue each year. The financial services provider earns $27.53 billion in net income (profit) each year or $3.33 on an earnings per share basis.

The company employs 217,000 workers across the globe.

Bank of America's mailing address is 100 N. TRYON STREET, CHARLOTTE NC, 28255. The official website for the company is www.bankofamerica.com. The financial services provider can be reached via phone at (704) 386-5681, via email at i_r@bankofamerica.com, or via fax at 704-386-8009.