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

-0.50 (-1.75%)
(As of 09/21/2023 ET)
Today's Range
50-Day Range
52-Week Range
39.87 million shs
Average Volume
48.93 million shs
Market Capitalization
$222.90 billion
P/E Ratio
Dividend Yield
Price Target

Bank of America MarketRank™ Forecast

Analyst Rating
2.41 Rating Score
28.1% Upside
$35.98 Price Target
Short Interest
0.66% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.38mentions of Bank of America in the last 14 days
Based on 39 Articles This Week
Insider Trading
Selling Shares
$4.81 M Sold Last Quarter
Proj. Earnings Growth
From $3.40 to $3.23 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.11 out of 5 stars

Finance Sector

40th out of 837 stocks

National Commercial Banks Industry

11th out of 81 stocks

BAC stock logo

About Bank of America (NYSE:BAC) Stock

Bank of America has a rich history dating back to 1800 and even earlier. It was begun by immigrants as a group of separate and unrelated banks that, over the years, merged and grew together. One such is the Bank of Italy which was founded in 1904 by Amadeo Giannini to serve Italian immigrants that were facing discrimination. He later buys out the Banca de America e de Italia (Bank of America and Italy) which was also located in San Francisco. Over the years additional mergers and changes in Federal banking legislation, as well as the boom brought on by WWI and then WWII, helped boost the bank to national prominence.

Things turned sour, however, in 1998 with a major bond default that led to yet another merger, this time with Charlotte, NC-based Nations Bank to officially become the Bank of America that exists today. At the time, the merger was the largest bank merger in history and the company has only grown in the time since.

Other additions to the new Bank of America include MBNA (a major credit card operator), Fleet Boston (then the US 7th largest and one of its oldest banks), and Merril Lynch, now Merril, which was added to the group in 2008 to provide an investment banking branch. Together the company dominates as one of the Big Four Banks in America. Bank of America lays claim to nearly 11% of all US deposits which ranks in line with its peer group and Bank of America Securities is listed as the world’s 3rd largest investment bank.

Today, Bank of America Corporation provides banking and financial services for individuals, small businesses, institutions, corporations, and governments worldwide. The bank operates in three segments Consumer Banking, Global Wealth & Investment Management, and Global Banking bringing in a combined revenue greater than $90 billion in 2022.

As of 2022, Bank of America serves approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers. The bank also operates more than 16,000 ATMs and digital banking platforms with approximately 41 million active users.

Its Consumer Banking segment offers traditional banking and investment products for retail clients. These range from deposit accounts to savings, credit cards, consumer loans, and IRAs. The Global Wealth & Investment Management segment offers investment and wealth management solutions including, brokerage, banking, and trust and retirement products. The Global Banking segment provides lending products and services, including commercial loans and leases for businesses of all varieties. The Global Markets segment offers market-making, clearing, settlement, and custody services, as well as risk management, derivatives, and FX exchange services.

BAC Price History

BAC Stock News Headlines

Want Income? These 3 Stocks Boosting Their Dividend Payouts (BAC)
General Mills, Bank of America, and Skyworks Solutions have increased their shareholder dividend; all three are currently trading at attractive multiples.
7 Best Blue Chip Stocks to Buy Now (BAC)
Blue-chip stocks are the stocks of well-known, high-quality industry leaders. Learn more about our top picks for the best blue chip stocks to buy now.
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
Move Over Diablo, Hasbro Set to Reign with Baldur’s Gate 3 (BAC)
Entertainment giant Hasbro Inc. (NYSE: HAS) has transformed itself from a toy maker to a vertically integrated family entertainment enterprise
Do Bank Stocks Go Up When Interest Rates Rise?
Rising interest rates usually negatively affect the stock market, but do bank stocks go up when interest rates rise? Learn more with MarketBeat.
Best Bank Stocks to Invest in Ahead of Rising Interest Rates (BAC)
When rates climb, profit margins expand in banks. But what are the best bank stocks for your individual portfolio? Explore bank stocks with MarketBeat.
Is Bank of America a Good Stock to Buy?
Bank of America was one of the top-performing bank stocks in late 2022. How will it fare in 2023? Let’s take a look through the MarketBeat lens.
S&P Downgrades 5 Banks: What Does It Mean For The Market? (BAC)
S&P's bank downgrades haven't severely hurt the broader financial sector, but risks remain, and it's tough for the broader market to rally without financials.
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Growth vs Value Investing: What Are the Differences? (BAC)
What is growth vs value investing? You may want to consider both to have the right blend of value and growth for diversification in your portfolio.
Bank of America ups minimum hourly wage again
Bank Of America Raises Hourly Wage To $23
See More Headlines
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BAC Company Calendar

Ex-Dividend for 6/30 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 9/29 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

National commercial banks
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
17 Analysts


Net Income
$27.53 billion
Pretax Margin


Sales & Book Value

Annual Sales
$115.05 billion
Cash Flow
$3.86 per share
Book Value
$30.51 per share


Outstanding Shares
Free Float
Market Cap
$223.45 billion

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Key Executives

  • Mr. Brian Thomas MoynihanMr. Brian Thomas Moynihan (Age 64)
    Chairman, CEO & Pres
    Comp: $1.98M
  • Mr. Alastair M. Borthwick (Age 54)
    Chief Financial Officer
    Comp: $4.84M
  • Mr. Dean C. AthanasiaMr. Dean C. Athanasia (Age 56)
    Pres of Regional Banking
    Comp: $6.21M
  • Mr. Paul M. Donofrio (Age 63)
    Vice Chairman
    Comp: $6.22M
  • Mr. Geoffrey S. Greener (Age 58)
    Chief Risk Officer
    Comp: $6.21M
  • Mr. Thomas M. Scrivener (Age 51)
    Chief Operations Exec.
  • Mr. Christopher M. Hyzy
    Chief Investment Officer
  • Mr. Rudolf A. Bless
    Chief Accounting Officer
  • Mr. Matthew M. KoderMr. Matthew M. Koder (Age 51)
    Pres of Global Corp. & Investment Banking
  • Mr. Aditya Bhasin (Age 49)
    Chief Technology & Information Officer

BAC Stock - Frequently Asked Questions

Should I buy or sell Bank of America stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 2 sell ratings, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street 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.

What is Bank of America's stock price forecast for 2023?

17 analysts have issued 1-year target prices for Bank of America's stock. Their BAC share price forecasts range from $27.50 to $49.00. On average, they anticipate the company's share price to reach $35.98 in the next twelve months. This suggests a possible upside of 28.0% from the stock's current price.
View analysts price targets for BAC
or view top-rated stocks among Wall Street analysts.

How have BAC shares performed in 2023?

Bank of America's stock was trading at $33.12 at the beginning of 2023. Since then, BAC stock has decreased by 15.1% and is now trading at $28.12.
View the best growth stocks for 2023 here

Are investors shorting Bank of America?

Bank of America saw a decrease in short interest in the month of August. As of August 15th, there was short interest totaling 53,270,000 shares, a decrease of 25.9% from the July 31st total of 71,880,000 shares. Based on an average trading volume of 44,420,000 shares, the short-interest ratio is presently 1.2 days. Approximately 0.7% of the company's stock are short sold.
View Bank of America's Short Interest

When is Bank of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023.
View our BAC earnings forecast

How can I listen to Bank of America's earnings call?

Bank of America will be holding an earnings conference call on Tuesday, October 17th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) posted its quarterly earnings results on Tuesday, July, 18th. The financial services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The financial services provider had revenue of $25.20 billion for the quarter, compared to the consensus estimate of $24.98 billion. Bank of America had a trailing twelve-month return on equity of 12.01% and a net margin of 19.97%. The business's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share.
Read the conference call transcript

How often does Bank of America pay dividends? What is the dividend yield for Bank of America?

Bank of America announced a quarterly dividend on Wednesday, July 19th. Investors of record on Friday, September 1st will be given a dividend of $0.24 per share on Friday, September 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Thursday, August 31st. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for BAC

Is Bank of America a good dividend stock?

Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 3.35%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 29.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

What is Brian T. Moynihan's approval rating as Bank of America's CEO?

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.

What other stocks do shareholders of Bank of America own?

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).

What is Bank of America's stock symbol?

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

Who are Bank of America's major shareholders?

Bank of America's stock is owned by many different institutional and retail investors. Top institutional shareholders include Geode Capital Management LLC (1.60%), Bank Julius Baer & Co. Ltd Zurich (1.23%), Northern Trust Corp (0.83%), Charles Schwab Investment Management Inc. (0.50%), Dimensional Fund Advisors LP (0.48%) and Parnassus Investments LLC (0.47%). Insiders that own company stock include Andrew M Sieg, Dean C Athanasia, Frank P Bramble, James P Demare, Matthew M Koder, Of America Corp /De/ Bank and Thong M Nguyen.
View institutional ownership trends

How do I buy shares of Bank of America?

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.
Compare Top Brokerages Here.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $28.12.

How much money does Bank of America make?

Bank of America (NYSE:BAC) has a market capitalization of $223.45 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 $3.48 on an earnings per share basis.

How many employees does Bank of America have?

The company employs 217,000 workers across the globe.

Does Bank of America have any subsidiaries?
The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited.
Read More
How can I contact Bank of America?

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.

This page (NYSE:BAC) was last updated on 9/21/2023 by MarketBeat.com Staff

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