What will Bank of America stock be worth in 2030? (2024)

What will Bank of America stock be worth in 2030?

According to the latest long-term forecast, Bank of America price will hit $35 by the middle of 2024 and then $45 by the middle of 2025. Bank of America will rise to $50 within the year of 2026, $55 in 2027, $60 in 2028, $65 in 2029, $70 in 2030, $75 in 2031, $80 in 2033, $85 in 2034 and $90 in 2035.

How much will Bank of America stock be worth in 10 years?

According to the latest long-term forecast, Bank of America price will hit $35 by the middle of 2024 and then $45 by the middle of 2025. Bank of America will rise to $50 within the year of 2026, $55 in 2027, $60 in 2028, $65 in 2029, $70 in 2030, $75 in 2031, $80 in 2033, $85 in 2034 and $90 in 2035.

How high can Bank of America stock go?

The average price target for Bank of America is $38.69. This is based on 22 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $46.00 ,the lowest forecast is $33.00. The average price target represents 3.05% Increase from the current price of $37.545.

What is the prediction for BAC stocks?

Based on short-term price targets offered by 21 analysts, the average price target for Bank of America comes to $38.19. The forecasts range from a low of $31.00 to a high of $45.00. The average price target represents an increase of 6.77% from the last closing price of $35.77.

What is Bank of America prediction for 2024?

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."

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.

Is BAC a good long-term stock?

Valuation metrics show that Bank of America Corporation may be fairly valued. 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.

Is Bank of America stock a strong buy?

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 46 buy ratings, 23 hold ratings, and 6 sell ratings.

Who is the largest shareholder of Bank of America?

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.

Who owns majority stock in Bank of America?

Berkshire Hathaway Inc. owns the most shares of Bank of America (BAC). What is the significance of the ownership structure for a publicly traded company?

How many shares of BAC does Warren Buffett own?

Does China own Bank of America?

Is Bank of America Partly Owned by China? No, Bank of America is not partly owned by China. It is an American bank.

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.

What is Bank of America prediction for gold?

Bank of America – $2,400

Michael Widmer, head of metals research with Bank of America, believes the gold price could reach $2,400 if the Fed begins to cut rates in the first quarter.

What is the target for the BofA sp500?

BofA's 5,400 price target for the S&P 500 in 2024 now ranks as one of the most bullish on Wall Street, according to about two dozen sell-side strategists tracked by Bloomberg.

Is Bank of America financially safe?

Is Bank of America FDIC insured? Yes, all Bank of America bank accounts are FDIC insured (FDIC #3510) up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.

Why is BofA stock so low?

The concern is the bank's large holding of low-yielding mortgage securities, among other bonds, that have caused it to suffer unrealized losses of $105.8 billion at the end of the second quarter.

Why is Bank of America stock struggling?

BofA has been dealing with a portfolio of bonds and securities it bought when rates were super low. The value of that portfolio has plunged as rates have increased. The bank said Tuesday it is sitting on unrealized losses of $109 billion, compared with $98 billion as of Dec.

Is Bank of America stock a buy sell or hold?

The Bank of America stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average.

Why should I invest in Bank of America stock?

BofA's valuation is reasonable

Prospective shareholders will also benefit from a healthy 2.9% dividend yield that can boost returns. However, before investors rush to buy this bank stock, it's best to understand the cyclical nature of the company's operations.

Is Bank of America stock undervalued?

The intrinsic value of one BAC stock under the Base Case scenario is 46.89 USD. Compared to the current market price of 35.35 USD, Bank of America Corp is Undervalued by 25%.

What is the target price for Bank of America?

Is Bank of America strong?

Bank of America has the Financial Strength Rank of 4.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is.

Which is the best US bank stock to buy?

Who is bigger JP Morgan or Bank of America?

JPMorgan Chase, or Chase Bank, is the biggest bank in America with nearly $3.4 trillion in assets. It boasts a vast network of over 4,800 physical branches and more than 15,000 ATMs.