Forecasting The Future: 10 Analyst Projections For Bank of America

Bank of America Corporation +1.35%

Bank of America Corporation

BAC

39.70

+1.35%

Analysts' ratings for Bank of America (NYSE:BAC) over the last quarter vary from bullish to bearish, as provided by 10 analysts.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 5 3 0 0
Last 30D 0 2 0 0 0
1M Ago 0 2 2 0 0
2M Ago 2 0 0 0 0
3M Ago 0 1 1 0 0

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $40.48, with a high estimate of $51.00 and a low estimate of $30.00. Surpassing the previous average price target of $39.38, the current average has increased by 2.79%.

price target chart

Interpreting Analyst Ratings: A Closer Look

A clear picture of Bank of America's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Chris Kotowski Oppenheimer Raises Outperform $50.00 $49.00
Betsy Graseck Morgan Stanley Raises Overweight $41.00 $32.00
Dick Bove Odeon Capital Announces Hold $33.90 -
Chris Kotowski Oppenheimer Lowers Outperform $49.00 $50.00
James Fotheringham BMO Capital Lowers Market Perform $36.00 $37.00
Jason Goldberg Barclays Raises Overweight $43.00 $39.00
Dick Bove Odeon Capital Announces Buy $37.94 -
Richard Ramsden Goldman Sachs Raises Buy $33.00 $30.00
Chris Kotowski Oppenheimer Raises Outperform $51.00 $49.00
David Konrad Keefe, Bruyette & Woods Raises Market Perform $30.00 $29.00

Key Insights:

  • Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Bank of America. This offers insight into analysts' perspectives on the current state of the company.
  • Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Bank of America compared to the broader market.
  • Price Targets: Delving into movements, analysts provide estimates for the future value of Bank of America's stock. This analysis reveals shifts in analysts' expectations over time.

Capture valuable insights into Bank of America's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Bank of America analyst ratings.

All You Need to Know About Bank of America

Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.

Breaking Down Bank of America's Financial Performance

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Revenue Growth: Bank of America's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -12.75%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.

Net Margin: Bank of America's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 12.92%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Bank of America's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 1.09%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Bank of America's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.09%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Bank of America's debt-to-equity ratio is below the industry average at 1.27, reflecting a lower dependency on debt financing and a more conservative financial approach.

The Core of Analyst Ratings: What Every Investor Should Know

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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