What is the stock price prediction for Bank of America in 2024?
Bank of America Stock Price Forecast 2024-2025
What is the Bank of America forecast for 2024?
Earlier in March, BofA raised its S&P 500 target for this year to 5,400 points, joining other major brokerages in predicting the index would end 2024 in a range of 5,200 to 5,400.
How much will Bank of America stock be worth in 5 years?
| Year | Prediction | Change |
|---|---|---|
| 2025 | $ 38.11 | 9.86% |
| 2026 | $ 41.87 | 20.68% |
| 2027 | $ 45.99 | 32.58% |
| 2028 | $ 50.52 | 45.64% |
How high will Bank of America stock go?
BAC Stock 12 Month Forecast
Based on 21 Wall Street analysts offering 12 month price targets for Bank of America in the last 3 months. The average price target is $39.12 with a high forecast of $46.00 and a low forecast of $33.00. The average price target represents a 9.30% change from the last price of $35.79.
What is the 12 month forecast for Bank of America stock?
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Bank of America stock have an average target of 38.59, with a low estimate of 33 and a high estimate of 45. The average target predicts an increase of 9.54% from the current stock price of 35.23.
What is the future of Bank of America stock?
Future criteria checks 1/6
Bank of America is forecast to grow earnings and revenue by 6.2% and 4.6% per annum respectively. EPS is expected to grow by 7.7% per annum. Return on equity is forecast to be 9.9% in 3 years.
What is the stock market forecast for 2024?
Wall Street analysts' consensus estimates predict 3.6% earnings growth and 3.5% revenue growth for S&P 500 companies in the first quarter. Analysts project full-year S&P 500 earnings growth of 11.0% in 2024, but analysts are more optimistic about some market sectors than others.
Is Bank of America a good buy right now?
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.
Is Bank of America a good stock to hold?
Bank of America Corporation - Hold
Its Value Score of C indicates it would be a neutral pick for value investors. 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.
Who owns the biggest share of Bank of America?
Berkshire Hathaway (BRK. A 0.46%)(BRK. B 0.3%): 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 0.36%), worth almost $37 billion.
Should I buy shares in Bank of America?
Bank of America is a solid bank stock worth holding, and today could be a good time to buy a few shares. Even so, with the recent 28% run-up over the past several months, it wouldn't be too surprising if the bank stock were to dip by 10% to 15% over the short term.
Why has Bank of America stock fallen?
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.
What is the highest Bank of America stock has been?
Historical daily share price chart and data for Bank Of America since 1986 adjusted for splits and dividends. The latest closing stock price for Bank Of America as of April 16, 2024 is 34.68. The all-time high Bank Of America stock closing price was 46.47 on February 08, 2022.
How much will Bank of America stock cost in 2025?
Bank of America stock price stood at $35.23
According to the latest long-term forecast, Bank of America price will hit $50 by the end of 2025 and then $55 by the end of 2027. Bank of America will rise to $65 within the year of 2028, $70 in 2029, $75 in 2031, $80 in 2032, $85 in 2033 and $90 in 2035.
What is the target price for Bank of America?
| High | $45.00 |
|---|---|
| Low | $34.00 |
| Average | $39.53 |
| Current Price | $35.77 |
Which stock will go up in 3 months?
| Name | LTP | Change(3-month%) |
|---|---|---|
| Oil India Ltd. | 599.9 | 42.8% |
| KSB Ltd. | 4656.5 | 42.7% |
| Zomato Ltd. | 189.2 | 42.2% |
| Motilal Oswal Financ.. | 2232.0 | 41.9% |
Why Bank of America is a good buy?
The company's investment-oriented business lines are doing particularly well right now despite economic challenges. Bank of America's sheer size and pedigree allow it to remain one of the banking sector's very best picks.
Will Bank of America grow?
CHARLOTTE, NC – Bank of America today announced it will expand its financial center network into nine new markets over the next four years, bringing banking, investing, retirement, lending and small business services and solutions to more clients and communities.
Is Bank of America a dividend paying stock?
How much is Bank of America's dividend? BAC pays a dividend of $0.24 per share. BAC's annual dividend yield is 2.61%.
Which stock will boom in 2024?
| S.No. | Company | Industry/Sector |
|---|---|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
Will 2024 be a bull or bear market?
Economic growth actually accelerated above its 10-year average in 2023. That resilience, coupled with a fascination about artificial intelligence (AI), changed investors' collective mood. The S&P 500 soared throughout the year and finally reached a new high in January 2024, making the new bull market official.
Will market bounce back in 2024?
Expectations of an earnings rebound in 2024 suggest earnings could continue to drive the market higher. While some valuations are stretched, there is still room for the market to grow if earnings estimates are met.
Is Bank of America good long term?
Experts have mixed opinions on Bank of America, with some recommending it as a top pick with strong wealth management and investment banking while others express concerns about potential risks such as commercial real estate and rising interest rates.
How stable is Bank of America right now?
Based on the analysis of Bank of America's financial health, risk profile, and regulatory compliance, we can conclude that the bank is relatively safe from any trouble or collapse.
Is Bank of America good or bad?
Key Takeaways: We rate Bank of America 4 out of 5 stars, giving it high marks for branch and ATM access but lower scores for its rates on deposit accounts. The bank has checking accounts with low or no monthly fees, a rewards debit program and relatively low overdraft fees.
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