Bank Of America Corp. (BAC) Stock Forecast & Predictions

Bank Of America Corp. BAC: $38.36

Bank of America Corporate Center, Charlotte, North Carolina, US. | Sector: Finance and Insurance | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.bankofamerica.com/

  • Market Cap$334.05B
  • Change (52 Weeks)82.12%
  • Low (52 Weeks)$19.6
  • Bank Of America Corp. (BAC) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Bank Of America Corp. (BAC) stock price is $38.36 and the 52 weeks low is $19.6, which means the Bank Of America Corp. stock price is up 82.12% in the last 12 months.

    Bank Of America Corp. (BAC) Stock Price has been Trending Strongly with an ADX reading of 39.32 as per the Weekly Chart.

    A Upward trend indicates that Bank Of America Corp. (BAC) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that BAC Stock price might rise further, 18.75% indicating that BAC Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall BAC stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Bank Of America Corp. (BAC) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Bank Of America Corp. (BAC) is based on 31 Institutional Analyst Ratings where 48.39% are on Strong Buy, 19.35% on Moderate Buy, 29.03% remains on Hold, 0.00% are on Moderate Sell and 3.23% are on Strong Sell.

    Out of 31 Institutional Analysts, majority recommended BAC stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Bank Of America Corp..

    Bank Of America Corp. (BAC) Stock Price Prediction By Analysts


    HighLowAverage
    $52.50$35.35$43.63
    $43.6313.75% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for BAC set by the institutional analysts is $43.63 where High Estimate is $52.50, Median $43.86 and Low $35.35.

    The average price target for BAC by Institutional Analysts is $43.63, which is 13.75% Upside from the current price. So according to the Institutional Analysts, BAC Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Bank Of America Corp. (BAC) Stock Forecast Based on News Sentiment


    Bullish
    Based on 63 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about BAC, it shows that Bank Of America Corp. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that BAC stock price may surge in the next few weeks.

    Bank Of America Corp. (BAC) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Deutsche BankBuyMaintained
    Morgan StanleyUnderweightMaintained
    Atlantic EquitiesOverweightUpgraded
    Morgan StanleyUnderweightMaintained
    Credit SuisseOutperformMaintained
    CitigroupBuyUpgraded
    Morgan StanleyUnderweightDowngraded
    Deutsche BankBuyUpgraded
    DA DavidsonNeutralDowngraded
    Seaport GlobalNeutralInitiated
    Morgan StanleyOverweightMaintained
    UBSNeutralMaintained
    OppenheimerOutperformMaintained
    BMO CapitalMarket PerformMaintained
    CFRABuyMaintained
    Wells FargoOverweightMaintained
    UBSNeutralMaintained
    Piper SandlerOverweightMaintained
    Deutsche BankHoldMaintained
    Wells FargoOverweightMaintained
    OppenheimerOutperformMaintained
    Credit SuisseOutperformMaintained
    Morgan StanleyOverweightMaintained
    CitigroupNeutralMaintained
    Deutsche BankHoldMaintained
    BairdOutperformUpgraded
    CitigroupNeutralMaintained
    Morgan StanleyOverweightMaintained
    Atlantic EquitiesNeutralDowngraded
    Credit SuisseOutperformMaintained
    DA DavidsonNeutralInitiated
    DA DavidsonNeutralInitiated
    BarclaysOverweightUpgraded
    BMO CapitalMarket PerformDowngraded
    CitigroupNeutralMaintained
    Morgan StanleyOverweightMaintained
    JP MorganOverweightMaintained
    Odeon CapitalBuyUpgraded
    Atlantic EquitiesOverweightUpgraded
    UBSBuyMaintained
    JP MorganOverweightMaintained
    Morgan StanleyOverweightMaintained
    Morgan StanleyOverweightMaintained
    Keefe Bruyette & WoodsMarket PerformDowngraded
    Raymond JamesMarket PerformDowngraded
    Keefe Bruyette & WoodsOutperformUpgraded
    JP MorganOverweightMaintained
    BMO CapitalOutperformUpgraded
    Atlantic EquitiesNeutralDowngraded
    JefferiesHoldDowngraded
    BMO CapitalMarket PerformMaintained
    HSBCHoldInitiated
    OppenheimerOutperformMaintained
    UBSBuyUpgraded
    Keefe Bruyette & WoodsMarket PerformDowngraded
    Credit SuisseOutperformMaintained
    BMO CapitalMarket PerformMaintained
    CitigroupNeutralMaintained
    BarclaysEqual-WeightMaintained
    Credit SuisseOutperformMaintained
    Morgan StanleyOverweightMaintained
    JP MorganOverweightMaintained
    UBSNeutralMaintained
    NomuraBuyMaintained
    BMO CapitalMarket PerformMaintained
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    OppenheimerOutperformMaintained
    BerenbergHoldDowngraded
    CitigroupNeutralDowngraded
    MacquarieOutperformUpgraded
    Societe GeneraleBuyUpgraded
    UBSNeutralDowngraded
    Atlantic EquitiesOverweightUpgraded
    Standpoint ResearchHoldDowngraded
    Deutsche BankHoldMaintained
    Keefe Bruyette & WoodsOutperformUpgraded
    BairdNeutralDowngraded
    GuggenheimNeutralDowngraded
    Deutsche BankHoldDowngraded
    Compass PointNeutralInitiated
    JefferiesBuyMaintained
    CLSAOutperformMaintained
    Keefe Bruyette & WoodsMarket PerformMaintained
    CitigroupBuyMaintained
    BerenbergBuyInitiated
    Raymond JamesMarket PerformDowngraded
    Keefe Bruyette & WoodsMarket PerformDowngraded
    CitigroupBuyMaintained
    JP MorganOverweightMaintained
    Keefe Bruyette & WoodsOutperformMaintained
    Atlantic EquitiesNeutralDowngraded
    Credit SuisseOutperformMaintained
    CLSAOutperformUpgraded
    Deutsche BankBuyMaintained
    Sandler O'NeillBuyUpgraded
    BarclaysEqual-WeightMaintained
    JefferiesBuyMaintained
    OppenheimerOutperformMaintained
    NomuraBuyUpgraded
    UBSBuyUpgraded
    MacquarieNeutralUpgraded
    BernsteinOutperformUpgraded
    BairdOutperformUpgraded
    Keefe Bruyette & WoodsOutperformUpgraded
    RBC CapitalOutperformMaintained
    JefferiesBuyMaintained
    Keefe Bruyette & WoodsMarket PerformMaintained
    Portales PartnersSector PerformDowngraded
    BMO CapitalMarket PerformDowngraded
    OppenheimerOutperformMaintained
    JefferiesBuyMaintained
    BMO CapitalOutperformMaintained
    BarclaysEqual-WeightMaintained
    OppenheimerOutperformMaintained
    CitigroupBuyMaintained
    UBSNeutralDowngraded
    JefferiesBuyMaintained
    Credit SuisseOverweightInitiated
    BarclaysEqual-WeightMaintained
    GuggenheimBuyInitiated
    FBR CapitalOutperformUpgraded
    UBSBuyUpgraded
    Goldman SachsBuyUpgraded
    JP MorganOverweightMaintained
    NomuraNeutralDowngraded
    Deutsche BankBuyUpgraded
    JP MorganOverweightMaintained
    MKM PartnersBuyInitiated
    Portales PartnersSector PerformUpgraded
    JefferiesBuyMaintained
    JP MorganOverweightMaintained
    SunTrust Robinson HumphreyNeutralMaintained
    Deutsche BankHoldMaintained
    OppenheimerOutperformUpgraded
    Morgan StanleyOverweightMaintained
    JefferiesBuyMaintained
    Atlantic EquitiesNeutralDowngraded
    Raymond JamesOutperformMaintained
    NomuraBuyInitiated
    JefferiesBuyInitiated
    CitigroupBuyUpgraded
    GuggenheimNeutralMaintained
    BernsteinMarket PerformMaintained
    Raymond JamesOutperformDowngraded
    BairdNeutralMaintained
    GuggenheimNeutralDowngraded
    Societe GeneraleBuyInitiated
    Credit SuisseNeutralMaintained
    JP MorganOverweightMaintained
    MacquarieUnderperformInitiated
    Keefe Bruyette & WoodsMarket PerformDowngraded
    Deutsche BankHoldMaintained
    Morgan StanleyOverweightUpgraded
    UBSNeutralMaintained
    NomuraNeutralMaintained
    BarclaysEqual-WeightMaintained
    ScotiabankSector OutperformUpgraded
    Edward JonesBuyUpgraded
    RaffertyBuyInitiated
    Sandler O'NeillHoldDowngraded
    UBSNeutralMaintained
    Credit SuisseNeutralDowngraded
    JP MorganOverweightMaintained
    ISI GroupBuyMaintained
    Goldman SachsNeutralMaintained
    Deutsche BankHoldMaintained
    NomuraNeutralMaintained
    CitigroupNeutralMaintained
    SunTrust Robinson HumphreyNeutralInitiated
    Stifel NicolausBuyUpgraded
    ISI GroupBuyUpgraded
    UBSNeutralMaintained
    Sterne AgeeNeutralMaintained
    NomuraNeutralMaintained
    ISI GroupHoldMaintained
    Drexel HamiltonBuyInitiated
    CitigroupNeutralMaintained
    ISI GroupHoldMaintained
    BernsteinMarket PerformMaintained
    UBSNeutralMaintained
    Sterne AgeeNeutralMaintained
    CitigroupNeutralMaintained
    GuggenheimBuyUpgraded
    JP MorganOverweightMaintained
    UBSNeutralMaintained
    Deutsche BankHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    UBSNeutralMaintained
    CitigroupNeutralDowngraded

    Bank Of America Corp. (BAC) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.673
    The average consensus EPS for BAC is $0.673 with a high estimate of $0.777 and Low of $0.549 for the period 2021-06-30 and based on 21 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.51$0.497932020-09-30


    The latest average Earning Per Share Estimate for Bank Of America Corp. is $0.67, which is higher than BAC's last EPS, $0.51. This means that Analysts are expecting Bank Of America Corp. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Bank Of America Corp..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.51$0.497932020-09-30
    $0.37$0.26952862020-06-30
    $0.37$0.46555952020-03-31
    $0.75$0.69040572019-12-31
    $0.56$0.51150442019-09-30
    $0.75$0.71445382019-06-30
    $0.71$0.66190352019-03-31
    $0.7$0.63726962018-12-31
    $0.67$0.62637172018-09-30
    $0.64$0.57615452018-06-30
    $0.62$0.59825332018-03-31
    $0.48$0.44279412017-12-31
    $0.48$0.45837842017-09-30
    $0.46$0.43337082017-06-30
    $0.41$0.35031852017-03-31
    $0.41$0.3796592016-12-31
    $0.41$0.336683499999999972016-09-30
    $0.37$0.3299672016-06-30
    $0.2$0.207009600000000022016-03-31
    $0.29$0.26617542015-12-31
    $0.34$0.33409792015-09-30
    $0.37$0.36086292015-06-30
    $0.3$0.29409182015-03-31
    $0.32$0.31415042014-12-31
    $-0.03$-0.091374699999999992014-09-30
    $0.22$0.28842572014-06-30
    $0.1$0.05113632014-03-31
    $0.29$0.2645192013-12-31
    $0.2$0.18446642013-09-30
    $0.32$2013-06-30
    $0.2$0.22501792013-03-31
    $0.03$0.02249272012-12-31
    $0$-0.07176052012-09-30
    $0.17$0.14223832012-06-30
    $0.24$0.12306852012-03-31
    $0.15$0.15082332011-12-31
    $0.31$0.19574812011-09-30
    $-0.9$-0.91236332011-06-30
    $0.17$0.26958922011-03-31
    $0.04$0.14565212010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).