What will BAC stock be worth in 5 years?
According to the latest long-term forecast, Bank of America price will hit $40 by the middle of 2024 and then $55 by the end of 2025. Bank of America will rise to $60 within the year of 2027, $70 in 2028, $75 in 2029, $80 in 2030, $85 in 2031, $90 in 2033, $95 in 2034 and $100 in 2035.
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 39.43 | 9.86% |
| 2026 | $ 43.32 | 20.68% |
| 2027 | $ 47.59 | 32.58% |
| 2028 | $ 52.28 | 45.64% |
BAC Stock 12 Month Forecast
Based on 20 Wall Street analysts offering 12 month price targets for Bank of America in the last 3 months. The average price target is $39.96 with a high forecast of $45.00 and a low forecast of $33.00. The average price target represents a 13.49% change from the last price of $35.21.
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Bank of America stock have an average target of 38.37, with a low estimate of 33 and a high estimate of 46. The average target predicts an increase of 5.56% from the current stock price of 36.35.
Is Bank of America stock a Buy, Sell or Hold? Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 49 buy ratings, 23 hold ratings, and 6 sell ratings.
| Year | Mid-Year | Year-End |
|---|---|---|
| 2030 | $80.70 | $82.36 |
| 2031 | $84.09 | $85.90 |
| 2032 | $87.79 | $89.76 |
| 2033 | $91.82 | $93.98 |
| Symbol | Holdings | |
|---|---|---|
| Aon PLC | AON | 4,100,000 |
| Apple Inc | AAPL | 905,560,000 |
| Atlanta Braves Holdings Inc Series C | BATRK | 223,645 |
| Bank of America Corp | BAC | 1,032,852,006 |
Berkshire Hathaway Inc. owns the most shares of Bank of America (BAC).
The financial health and growth prospects of BAC, demonstrate its potential to perform inline with the market. It currently has a Growth Score of D. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of A.
Share Price vs Fair Value
For this estimate we use a Discounted Cash Flow model. Significantly Below Fair Value: BAC is trading below fair value, but not by a significant amount.
Why is BAC stock tanking?
Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here's what the company reported compared to Wall Street expectations, according to LSEG, formerly known as Refinitiv: Earnings per share: 70 cents, adjusted vs. 68 cents expected.
Bank of America stock (symbol: BAC) underwent a total of 3 stock splits. The most recent stock split occured on August 30th, 2004. One BAC share bought prior to November 21st, 1986 would equal to 8 BAC shares today.
Bank of America Corporation ( BAC ) pays dividends on a quarterly basis. Bank of America Corporation ( BAC ) has increased its dividends for 11 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.
Bank of America Earnings Drop, Under Pressure From Higher Rates; Stock Falls. Bank of America reported a 18% drop in first-quarter profit, the latest big lender to feel the squeeze of higher interest rates.
| Announced | Ex-Div Date | Type |
|---|---|---|
| 2004-06-23 | 2004-08-30 | 2-for-1 Stock Split |
Bank of America has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is.
Is Bank of America a buy or a sell? In the last year, 24 stock analysts published opinions about BAC-N. 17 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock.
The brokerage raised its 2024 earnings per share (EPS) forecast for the index companies to $250 from the previously expected $235. BofA strategists said that "2023 was a transition year for Corporate America, and companies have now adjusted to the new higher rate and tepid demand environment."
| Year | Prediction | Change |
|---|---|---|
| 2027 | $ 0.899917 | -28.01% |
| 2028 | $ 0.806554 | -35.48% |
| 2029 | $ 0.722877 | -42.17% |
| 2030 | $ 0.647881 | -48.17% |
Is Bank of America Partly Owned by China? No, Bank of America is not partly owned by China. It is an American bank.
What stock does Bill Gates own?
| Ticker | Company | % Portfolio |
|---|---|---|
| MSFT | Microsoft Corp. | 33.98% |
| BRK.B | Berkshire Hathaway Inc. | 16.80% |
| CNI | Canadian National Railway Co. | 16.29% |
| WM | Waste Management Inc. | 14.92% |
Although old-guard favorites such as American Express (AXP) and Coca-Cola (KO) still form the core of the portfolio, Buffett & Co. have taken a shine to names such as Apple (AAPL) and Amazon.com (AMZN), and even to lesser-known firms such as Snowflake (SNOW) and Nu Holdings (NU).
Berkshire Hathaway (BRK.A 1.18%)(BRK.B 1.3%): Warren Buffett's Berkshire Hathaway is the largest Bank of America shareholder, with 1.03 billion shares amounting to a 13% stake. As of March 2024, it was the second-largest of Warren Buffett's stock holdings after Apple (AAPL -1.22%), worth almost $37 billion.
Fintel reports that BlackRock has filed a 13G/A form with the SEC disclosing ownership of 474.78MM shares of Bank of America Corp (BAC). This represents 5.9% of the company.
