Bank of America Corporation BAC Stock Price, News, Quote & History

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BAC stock

According to analysts’ consensus price target of $44.79, Bank of America has a forecasted upside of 36.7% from its current price of $32.76. Bank of America is the United States’ second-largest bank by assets. The highest analyst price target is $52.00 ,the lowest forecast is $28.00. The average price target represents 22.97% Increase from the current price of $33.

Financials Stocks With Whale Alerts In Today’s Session

The company’s average rating score is 2.69, and is based on 9 buy ratings, 4 hold ratings, and no sell ratings. Shares of Bank Bank of America stock forecast of America Corp rose 4.41% Thursday, on what proved to be an all-around favorable trading session for the stock market.

Only 0.26% of the stock of Bank of America is held by insiders. Only 65 people BAC stock have added Bank of America to their MarketBeat watchlist in the last 30 days.

The technique has proven to be very useful for finding positive surprises. 68.48% of the stock of Bank of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company. In the past three months, Bank of America insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $95,000.00 in company stock. Bank of America’s analyst rating consensus is a ‘Moderate Buy. Bank of America has a conensus rating of Moderate Buy which is based on 9 buy ratings, 4 hold ratings and 0 sell ratings.

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Intraday data delayed at least 15 minutes or per exchange requirements. Stability and capital appreciation are the name of the game when looking for the best stocks for beginners to buy now. Below are the latest news stories about BANK OF AMERICA CORP that investors may wish to consider to help them evaluate BAC as an investment opportunity. PNC, UBFO, and GCBC are the stocks whose asset turnover ratios are most correlated with BAC.

The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. Sarat Sethi, managing partner and portfolio manager at DCLA, joins CNBC’s ‘Squawk Box’ to break down potential market strategies and stocks to watch ahead of the open. The company is scheduled to release its next quarterly DotBig earnings announcement on Wednesday, January 18th 2023. 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.

  • It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
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  • Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
  • An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

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. Its Consumer BAC stock Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs,… According to the issued ratings of 13 analysts in the last year, the consensus rating for Bank of America stock is Moderate Buy based on the current 4 hold ratings and 9 buy ratings for BAC.

The market is getting in the way of the Fed pivot the market so badly wants, say Bank of America strategists

BAC’s revenue has moved up $1,234,000,000 over the prior 33 months.The table below shows BAC’s growth in key financial areas . Bank of America also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page. Over the previous 90 days, Bank of America’s stock had 1 downgrade by analysts.

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Bank of America has 22.97% upside potential, based on the analysts’ average price target. Analysts like Bank of America more than other Finance companies. The consensus rating for Bank of America is DotBig Moderate Buy while the average consensus rating for finance companies is Hold. Joydeep Sengupta, senior partner at McKinsey & Co., discusses the state of the global banking industry and its outlook.

This is a decrease of -17% compared to the previous 30 days. Only 156 people have searched for BAC on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days. MarketBeat has tracked 9 reddit mentions for Bank of America DotBig this week, compared to 17 mentions on an average week. The Environmental Impact score for Bank of America is -0.50. Short interest in Bank of America has recently decreased by 7.15%, indicating that investor sentiment is improving significantly.

66.97% of MarketBeat users gave Bank of America an outperform vote while finance companies recieve an average of 62.08% outperform votes by MarketBeat users. Sign-up to receive the latest news and ratings for BAC and its competitors with MarketBeat’s FREE daily newsletter. stock price of Bank of America Today, $33.5 puts were high, and it look like we’re dropping to the 0.618 fibonacci retracement in a 5 wave impulse to the downside, which could later bounce in an ABC correction pattern. There is a gap from $32.87 to $32.63, which is my price target.

Why Bank of America Stock Was Falling Today

Bank of America has only been the subject of 4 research reports in the past 90 days. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. JPMorgan Chase & Co. held on to its position as the largest bank on the 2022 list of the Global Systematically Important Banks (G-SIBs), the Financial Stability Board said Monday. If you’re looking for stocks that are quantitatively similar to BANK OF AMERICA CORP, a group of peers worth examining would be KO, PEP, COST, MA, and TMO. Momentum is the dimension where BAC ranks best; there it ranks ahead of 87.36% of US stocks. They have a monopoly on this CRITICAL metal that we desperately need for military technology.