Bank of America - BAC Stock Forecast, Price & News

14 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 6 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.
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14 Wall Street research analysts have issued 1-year price objectives for Bank of America's stock. Their BAC share price forecasts range from $33.00 to $55.00. On average, they predict the company's share price to reach $39.63 in the next year. This suggests a possible upside of 44.7% from the stock's current price.
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Bank of America's stock was trading at $33.12 at the beginning of the year. Since then, BAC stock has decreased by 17.3% and is now trading at $27.38.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our BAC earnings forecast.

Bank of America will be holding an earnings conference call on Tuesday, April 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) posted its quarterly earnings data on Friday, January, 13th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. The financial services provider had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $24.17 billion. Bank of America had a net margin of 23.93% and a trailing twelve-month return on equity of 11.41%. The firm's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.82 EPS.
Read the conference call transcript.

Bank of America announced a quarterly dividend on Wednesday, February 1st. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.22 per share on Friday, March 31st. This represents a $0.88 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, March 2nd.
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), iShares U.S. Financial Services ETF (IYG), Financial Select Sector SPDR Fund (XLF), Vanguard Financials ETF (VFH), Fidelity MSCI Financials Index ETF (FNCL), Invesco S&P 500 Enhanced Value ETF (SPVU), iShares U.S. Financials ETF (IYF) and Gabelli Financial Services Opportunities ETF (GABF).

Bank of America (NYSE:BAC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.08%. 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 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 24.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

Bank of America announced that its Board of Directors has approved a stock buyback plan on Thursday, April 15th 2021, which allows the company to repurchase $25,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

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 number of institutional and retail investors. Top institutional investors include Moneta Group Investment Advisors LLC (2.41%), Price T Rowe Associates Inc. MD (1.59%), Geode Capital Management LLC (1.54%), Norges Bank (1.29%), Legal & General Group Plc (0.57%) and Charles Schwab Investment Management Inc. (0.48%). 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 $27.38.

Bank of America (NYSE:BAC) has a market capitalization of $219.15 billion and generates $94.95 billion in revenue each year. The financial services provider earns $27.53 billion in net income (profit) each year or $3.19 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.