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 year. 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 equities research analysts have issued 1-year price objectives for Bank of America's shares. Their BAC share price forecasts range from $29.00 to $47.00. On average, they anticipate the company's stock price to reach $36.77 in the next twelve months. This suggests a possible upside of 30.8% 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 start of the year. Since then, BAC shares have decreased by 15.1% and is now trading at $28.11.
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Bank of America saw a decrease in short interest in the month of April. As of April 15th, there was short interest totaling 92,570,000 shares, a decrease of 6.9% from the March 31st total of 99,400,000 shares. Based on an average daily trading volume, of 58,350,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.2% of the shares of the company are sold short.
View Bank of America's Short Interest.

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

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

Bank of America declared a quarterly dividend on Wednesday, April 26th. Stockholders of record on Friday, June 2nd will be given a dividend of $0.22 per share on Friday, June 30th. This represents a $0.88 annualized dividend and a dividend yield of 3.13%. The ex-dividend date 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 3.09%. 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 number of institutional and retail 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 $28.11.

Bank of America (NYSE:BAC) has a market capitalization of $224.01 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.