Bank of America (BAC-N) — Stockchase (2024)

Bank of America (BAC-N) — Stockchase (1)

Bank of America (BAC-N) — Stockchase (2)

Bank of America (BAC-N) — Stockchase (3)

NEWAI Investor Insights

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NYSE:BAC

39.29

Bank of America (BAC-N) — Stockchase (4) 0.07 (0.18%) 1d

  • Financials
  • Technical Analysis
  • Buy, Sell or Hold?

May 17, 2024, 8:00 pm

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Investor Insights

Bank of America (BAC-N) — Stockchase (8)

This summary was created by AI, based on 28 opinions in the last 12 months.

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. The stock is currently trading at a low PE ratio and offers a decent dividend yield, but uncertainties remain regarding its performance in the future.

Bank of America (BAC-N) — Stockchase (9)

Consensus

Mixed

Bank of America (BAC-N) — Stockchase (10)

Valuation

Fair Value

Bank of America (BAC-N) — Stockchase (11)

Similar

JPM, JPM-N

BUY

Bank of America(BAC-N)10/05/2024

Great stock. 11x earnings too cheap. Buy more. Solid dividend.

banks

Jim Cramer - Mad Money

Bank of America (BAC-N) — Stockchase (15) $38.450

Bank of America (BAC-N) — Stockchase (16) Unknown

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WATCH

Bank of America(BAC-N)30/04/2024

Higher rates benefit banks because it raises their earnings. Also, consumers in the US are not under pressure (defaults aren't rising). He likes US banks and has bought and sold this. He's waiting to see what US bank earnings look like. This is one of his bank choices.

banks

Darren Sissons

Bank of America (BAC-N) — Stockchase (21) $37.370

Bank of America (BAC-N) — Stockchase (22) No

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BUY

Bank of America(BAC-N)22/04/2024

Citi and BAC

BAC has shown recent strength with a rally, with their Merrill Lynch franchise helping earnings and is better than Citi. Citi is a turnaround story as they reduce staff and streamline. Citi have risen recently though.

banks

Brett Girard, CPA, CA, CFA

Bank of America (BAC-N) — Stockchase (27) $37.760

Bank of America (BAC-N) — Stockchase (28) Unknown

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HOLD

Bank of America(BAC-N)19/04/2024

Does not own shares. Would prefer Morgan Stanley. Diverse business - not as focused on investment banking. Important to remember interest rate exposure. If rates fall - will be good for business. Mortgage rate renewal will also affect business. Would watch closely.

banks

Michael Hakes - CFA, MBA

Bank of America (BAC-N) — Stockchase (33) $36.970

Bank of America (BAC-N) — Stockchase (34) Unknown

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TOP PICK

Bank of America(BAC-N)17/04/2024

US bank results were pretty good, but not received that well. Stocks sold off. Due to Jamie Dimon's penchant for pouring cold water on any good story to keep investors grounded. BAC beat earnings and revenue. Net interest income was better than expected. CEO was fairly positive on consumer, and higher rates would be a net positive into the end of the year. Yield is 2.7%.

Solid holding. Will have its time in the sun, so it's a Top Pick today. Ample liquidity to cover unrealized paper losses of bond portfolio, so don't be scared.

(Analysts’ price target is $39.46)

banks

Gordon Reid

Bank of America (BAC-N) — Stockchase (39) $35.570

Bank of America (BAC-N) — Stockchase (40) Owned

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BUY

Bank of America(BAC-N)15/04/2024

They have a combination that works, including capital markets and wealth management. Should deliver a good report.

banks

Bank of America (BAC-N) — Stockchase (45) $35.950

Bank of America (BAC-N) — Stockchase (46) Unknown

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PAST TOP PICK

Bank of America(BAC-N)10/04/2024

(A Top Pick May 11/23, Up 39%)

Not expensive, trades below book. Nice dividend yield. Very strong wealth management and investment banking. One of the best retail franchises. Well capitalized to increase dividend or buy back shares. Commercial real estate remains a question for all banks, but mainly the regional ones. Though if one segment of banking falls, they all do.

banks

PAST TOP PICK

Bank of America(BAC-N)26/03/2024

(A Top Pick Mar 31/23, Up 33%)

Still likes it. Has a global presence. Is not vulnerable to deposit flight. US financials rank #3 or 4 among the 11 sectors this year at 10% total return. Is trending upwards since last October. Pays a 2.6% dividend and trades at 1x price-to-book. The economy is firm, not in recession.

banks

Stan Wong

Bank of America (BAC-N) — Stockchase (57) $37.100

Bank of America (BAC-N) — Stockchase (58) Owned

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PAST TOP PICK

Bank of America(BAC-N)01/03/2024

(A Top Pick Nov 09/23, Up 14%)

Performance of bank steadily increasing as interest rate fears decrease. Loan loss provisions not a concern. Net interest income steady. Good name to own for the long term. Will continue to own.

banks

Zachary Curry

Bank of America (BAC-N) — Stockchase (63) $34.350

Bank of America (BAC-N) — Stockchase (64) Unknown

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BUY

Bank of America(BAC-N)28/02/2024

Trades at 10x PE and yields nearly 3%. Great CEO. Will rise over time.

banks

Jim Cramer - Mad Money

Bank of America (BAC-N) — Stockchase (69) $34.310

Bank of America (BAC-N) — Stockchase (70) Unknown

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BUY

Bank of America(BAC-N)16/02/2024

Yields rose this week but he was encouraged to see BOA trade well, unlike falling as it usually does when the 10-year climbs. The negativity over the regional banks has been flushed out, which benefits BOA. He also own JPM, which is setting highs, but expects BOA to catch up and outperform JPM.

banks

Bill Baruch, Founder, Blue Line Capital

Bank of America (BAC-N) — Stockchase (75) $34.090

Bank of America (BAC-N) — Stockchase (76) Owned

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DON'T BUY

Bank of America(BAC-N)10/01/2024

BAC trades at a high 1.4x book value, but at low 10x PE. It's a show-me story that needs to release a few solid quarters in a row. But it offers an excellent digital banking platform and attractive dividend, but is unloved.

banks

Jim Cramer - Mad Money

Bank of America (BAC-N) — Stockchase (81) $33.600

Bank of America (BAC-N) — Stockchase (82) Unknown

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COMMENT

Bank of America(BAC-N)22/12/2023

Is flat on the year, despite this rally. Trades at 1x book. Net interest income and expenses for the quarter are in line. Expects the results of their fees to be mixed, but expects more cost cuts as it waits for fees to rise.

banks

Stephanie Link, Chief investment strategist, Hightower

Bank of America (BAC-N) — Stockchase (87) $33.485

Bank of America (BAC-N) — Stockchase (88) Owned

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DON'T BUY

Bank of America(BAC-N)22/12/2023

Sold it in October after many years. Merill Lynch is their crown jewel, but can't exploit it like MS can milk their wealth management business.

banks

Joe Terranova

Bank of America (BAC-N) — Stockchase (93) $33.485

Bank of America (BAC-N) — Stockchase (94) No

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BUY

Bank of America(BAC-N)14/12/2023

Likes the money centre banks. Will do well with a normalized yield curve, as it enhances net interest margins. Fed signalling interest rates coming down should depress the short end of the curve, with the long end maintaining itself somewhat.

The group is trading at about a 30% discount to normalized valuations of around 13.5x earnings. That carries through to book value, trading at discounts to historical norms. He owns JPM, BAC, and MS, and that's where he'd put money.

banks

Gordon Reid

Bank of America (BAC-N) — Stockchase (99) $33.875

Bank of America (BAC-N) — Stockchase (100) Owned

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Showing 1 to 15 of 1,278 entries

Bank of America(BAC-N) Rating

Ranking : 5 out of 5

Bank of America (BAC-N) — Stockchase (103)Bank of America (BAC-N) — Stockchase (104)Bank of America (BAC-N) — Stockchase (105)Bank of America (BAC-N) — Stockchase (106)Bank of America (BAC-N) — Stockchase (107)

Bullish - Buy Signals / Votes : 17

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 23

Stockchase rating for Bank of America is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Bank of America(BAC-N) Frequently Asked Questions

What is Bank of America stock symbol?

Bank of America is a American stock, trading under the symbol BAC-N on the New York Stock Exchange (BAC). It is usually referred to as NYSE:BAC or BAC-N

Is Bank of America a buy or a sell?

In the last year, 23 stock analysts published opinions about BAC-N. 17 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Bank of America.

Is Bank of America a good investment or a top pick?

Bank of America was recommended as a Top Pick by on . Read the latest stock experts ratings for Bank of America.

Why is Bank of America stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Bank of America worth watching?

23 stock analysts on Stockchase covered Bank of America In the last year. It is a trending stock that is worth watching.

What is Bank of America stock price?

On 2024-05-17, Bank of America (BAC-N) stock closed at a price of $39.29.

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Bank of America (BAC-N) — Stockchase (2024)

FAQs

Is BAC stock a good buy now? ›

Bank of America has 0.03% upside potential, based on the analysts' average price target. Is BAC a Buy, Sell or Hold? Bank of America has a consensus rating of Moderate Buy which is based on 12 buy ratings, 11 hold ratings and 1 sell ratings.

What is the target price for BAC stock? ›

Stock Price Target
High$46.00
Low$34.00
Average$40.25
Current Price$39.17

What will BAC stock be worth in 5 years? ›

Bank of America stock price stood at $39.71

According to the latest long-term forecast, Bank of America price will hit $45 by the end of 2024 and then $55 by the end of 2025. Bank of America will rise to $65 within the year of 2026, $70 in 2027, $80 in 2028, $90 in 2029, $100 in 2030, $110 in 2033 and $125 in 2035.

What is the stock price forecast for Bank of America in 2024? ›

According to our current BAC stock forecast, the value of Bank Of America shares will rise by 2.50% and reach $ 40.69 per share by June 1, 2024.

How high will ALB stock go? ›

ALB Stock 12 Month Forecast

Based on 20 Wall Street analysts offering 12 month price targets for Albemarle in the last 3 months. The average price target is $148.53 with a high forecast of $188.00 and a low forecast of $81.00.

Who owns the most shares of BAC? ›

Berkshire Hathaway (BRK. A -1.02%)(BRK. B -1.06%): Warren Buffett's Berkshire Hathaway is the largest Bank of America shareholder, with 1.03 billion shares amounting to a 13% stake.

How often does BAC pay dividends? ›

Bank of America Corporation ( BAC ) pays dividends on a quarterly basis. The next dividend payment is planned on June 28, 2024 . Bank of America Corporation ( BAC ) has increased its dividends for 11 consecutive years.

What is the fair price of BAC stock? ›

As of 2024-05-22, the Fair Value of Bank of America Corp (BAC) is 16 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 39.65 USD, the upside of Bank of America Corp is -59.6%.

How many shares does BAC have? ›

According to Bank of America 's latest financial reports and stock price the company's current number of shares outstanding is 7,968,200,000.

How many shares of BAC does Warren Buffett own? ›

Top Warren Buffett Stocks By Size

At the end of March, these were the top stocks in Berkshire's portfolio by number of shares: Bank of America (BAC), 1.03 billion. Apple (AAPL), 789.4 million.

How many times has BAC stock split? ›

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.

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 May 21, 2024 is 39.65. The all-time high Bank Of America stock closing price was 46.47 on February 08, 2022.

Should I buy Boston Beer stock? ›

Is SAM a Buy, Sell or Hold? Boston Beer has a consensus rating of Hold which is based on 3 buy ratings, 5 hold ratings and 3 sell ratings. The average price target for Boston Beer is $320.45. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

What is the fair price for BAC stock? ›

As of 2024-05-22, the Fair Value of Bank of America Corp (BAC) is 16 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 39.65 USD, the upside of Bank of America Corp is -59.6%.

Is American Express a buy or sell stock? ›

American Express stock has received a consensus rating of buy. The average rating score is A2 and is based on 39 buy ratings, 31 hold ratings, and 18 sell ratings. What was the 52-week low for American Express stock? The low in the last 52 weeks of American Express stock was 140.57.

Should I buy Booz Allen stock? ›

Booz Allen Hamilton Holding Corp. has a consensus rating of Moderate Buy which is based on 2 buy ratings, 0 hold ratings and 1 sell ratings. The average price target for Booz Allen Hamilton Holding Corp. is $163.33. This is based on 3 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

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