Bank of America (BAC) Stock Forecast for 2023 – 2026. Sell or Buy Prediction







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Bank of America (BAC) Stock Forecast for 2023 – 2026. Sell or Buy?

Updated: March 4, 2024 (17:22)

Sector: Financial

The share price of Bank of America Corp. (BAC) now

Latest session on the 4th of March for
Bank of America Corp. is positive
Trading Volume: 48232273
Open: 34.29 /  High: 35.42 /  Low: 34.25
What analysts predict: $38.03
52-week High/Low: $35.1 / $24.76

50/200 Day Moving Average: $33.32 / $29.91

This figure corresponds to the Average Price over the previous 50/200 days. For Bank of America stocks, the 50-day moving average is the support level today.

For Bank of America stocks, the 200-day moving average is the support level today.

Are you interested in Bank of America Corp. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Bank of America stock price in 2024, 2025, 2026, 2027, 2028. How much will one Bank of America share be worth in 2024 - 2028?

When should I take profit in Bank of America stock? When should I record a loss on Bank of America stock? What are analysts' forecasts for Bank of America stock? What is the future of Bank of America stock? We forecast Bank of America stock performance using neural networks based on historical data on Bank of America stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

Bank of America stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2024, 2025, 2026, 2027 and 2028) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Bank of America shares. This happens once a day.


Historical and forecast chart of Bank of America stock

The chart below shows the historical price of Bank of America stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Bank of America stock price can be found in the table below.

Long-term forecasts by years.

  • Bank of America successfully adapted its business model by using some assets from the 2008 Federal Reserve aid package, which are now part of the bank’s subsidiaries.
  • Mark-to-market valuations have negligible impacts on its operations as long as it holds on to securities until they mature and assumes constant operations. On the downside, “mark-to-market” symbolizes an opportunity cost that companies need to embrace for assured future gains.
  • The bank principally focuses on managing incoming and outgoing cash flows to yield profits. It doesn’t excessively worry about unpredictable market conditions.

BAC is set to make significant financial gains as the ill-conceived, held-to-maturity securities that have been generating losses eventually roll off. The stock right now upgrades to a ‘Buy’ rating with an anticipated 7%-9% annual return over the long haul.

The stock has been performing admirably, even outpacing both the broader S&P 500 (SPY) and the illustrious “Magnificent 7”.

So what’s fueling these returns?

A whopping 29% total return over three months might lead you to believe that BAC has either reinvented some financial mechanism or tapped into the lucrative AI market. But far from it. The reality is that earnings estimates have seen a reluctant dip in the past month.

What’s really driving this is essentially market risk for a harsh recession being priced out. There are plenty of metrics you could consider for this, but Baa corporate bond yields (that teeter on investment-grade) and their spreads to US Treasuries have served as a terrific reverse indicator for BAC stock.

Given that yield is nearing its year-long low, you’d need to start questioning your future predictions for this and other risk factors.

About the Company

Bank of America is an international corporation operating in 35 countries. The company has 213,000 employees, 16,000 ATMs and 4,700 offices across America. It is engaged in three areas: lending to individuals and servicing their accounts; helping corporations manage assets; and trading on currency, stock, and commodity exchanges.

In 2015, Forbes ranked Bank of America as the twenty-third largest company in the world. In 2016, the bank became the largest in the United States in terms of assets. In 2016, the company earned $ 83.7 billion.

The company has been around since 1904, when Amadeo Giannini founded the Bank of Italy in San Francisco. Bank Giannini was different from other banks of the early 20th century: it had 100 branches, which served the middle class and immigrants – other banks in the city did not give them loans. After the 1906 earthquake, the Bank of Italy retained its building and money, unlike other banks. Giannini took advantage of the saved resources and began issuing recovery loans a few days after the disaster. In 1929 Bank of Italy merged with Los Angeles-based Bank of America. The United Bank received the name of the latter.

Official site of the company

Bank of America daily forecast for a month

Date Target Pes. Opt. Vol., %
Mar 06 34.76 34.12 35.38 3.70
Mar 07 34.97 34.58 35.76 3.40
Mar 08 35.24 34.72 35.73 2.92
Mar 09 35.58 35.00 36.23 3.54
Mar 10 36.41 35.68 37.21 4.29
Mar 11 37.13 36.88 37.95 2.90
Mar 12 36.94 36.29 37.60 3.60
Mar 13 37.03 36.51 37.55 2.83
Mar 14 37.37 37.03 37.96 2.51
Mar 15 36.75 36.48 37.61 3.11
Mar 16 35.71 35.29 36.55 3.58
Mar 17 35.76 34.99 36.35 3.89
Mar 18 36.63 36.12 37.13 2.80
Mar 19 37.56 36.86 37.83 2.63
Mar 20 37.01 36.38 37.84 4.03
Mar 21 36.49 35.86 37.30 4.00
Mar 22 36.89 36.41 37.16 2.07
Mar 23 36.56 35.89 37.24 3.76
Mar 24 36.32 35.78 36.89 3.11
Mar 25 35.99 35.18 36.65 4.17
Mar 26 35.95 35.73 36.21 1.33
Mar 27 35.72 35.36 36.58 3.46
Mar 28 35.92 35.45 36.69 3.50
Mar 29 36.07 35.45 36.89 4.06
Mar 30 35.65 35.13 36.39 3.59
Mar 31 35.32 35.04 35.62 1.66
Apr 01 35.31 34.48 35.59 3.23
Apr 02 35.41 34.86 36.21 3.87
Apr 03 35.18 34.93 35.61 1.93
Apr 04 34.85 34.07 35.19 3.28

Bank of America Daily Price Targets


Bank of America Stock Forecast 03-06-2024.

Forecast target price for 03-06-2024: $34.76.
Positive dynamics for Bank of America shares will prevail with possible volatility of 3.567%.
Pessimistic target level: 34.12
Optimistic target level: 35.38

Bank of America Stock Forecast 03-07-2024.

Forecast target price for 03-07-2024: $34.97.
Positive dynamics for Bank of America shares will prevail with possible volatility of 3.286%.
Pessimistic target level: 34.58
Optimistic target level: 35.76

Bank of America Stock Forecast 03-08-2024.

Forecast target price for 03-08-2024: $35.24.
Positive dynamics for Bank of America shares will prevail with possible volatility of 2.841%.
Pessimistic target level: 34.72
Optimistic target level: 35.73

Bank of America Stock Forecast 03-09-2024.

Forecast target price for 03-09-2024: $35.58.
Positive dynamics for Bank of America shares will prevail with possible volatility of 3.417%.
Pessimistic target level: 35.00
Optimistic target level: 36.23

Bank of America Stock Forecast 03-10-2024.

Forecast target price for 03-10-2024: $36.41.
Positive dynamics for Bank of America shares will prevail with possible volatility of 4.109%.
Pessimistic target level: 35.68
Optimistic target level: 37.21

Bank of America Stock Forecast 03-11-2024.

Forecast target price for 03-11-2024: $37.13.
Positive dynamics for Bank of America shares will prevail with possible volatility of 2.817%.
Pessimistic target level: 36.88
Optimistic target level: 37.95

BAC (BAC) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Mar. 34.24 32.92 35.63 7.60
Apr. 35.44 34.79 37.12 6.28
May. 35.76 34.01 36.89 7.80
Jun. 35.68 34.78 37.56 7.38
Jul. 36.58 35.17 38.27 8.10
Aug. 37.40 35.41 38.32 7.58
Sep. 39.10 38.50 40.66 5.32
Oct. 37.98 36.97 39.28 5.89
Nov. 38.06 36.30 38.89 6.65
Dec. 37.69 36.82 38.93 5.42

Bank of America forecast for this year


Bank of America Stock Prediction for Mar 2024

An downtrend is forecast for this month with an optimal target price of $34.2379. Pessimistic: $32.92. Optimistic: $35.63


Bank of America Stock Prediction for Apr 2024

An uptrend is forecast for this month with an optimal target price of $35.4363. Pessimistic: $34.79. Optimistic: $37.12


Bank of America Stock Prediction for May 2024

An uptrend is forecast for this month with an optimal target price of $35.7587. Pessimistic: $34.01. Optimistic: $36.89


Bank of America Stock Prediction for Jun 2024

An downtrend is forecast for this month with an optimal target price of $35.6837. Pessimistic: $34.78. Optimistic: $37.56


Bank of America Stock Prediction for Jul 2024

An uptrend is forecast for this month with an optimal target price of $36.5829. Pessimistic: $35.17. Optimistic: $38.27


Bank of America Stock Prediction for Aug 2024

An uptrend is forecast for this month with an optimal target price of $37.4023. Pessimistic: $35.41. Optimistic: $38.32


Bank of America Stock Prediction for Sep 2024

An uptrend is forecast for this month with an optimal target price of $39.1041. Pessimistic: $38.50. Optimistic: $40.66


Bank of America Stock Prediction for Oct 2024

An downtrend is forecast for this month with an optimal target price of $37.9819. Pessimistic: $36.97. Optimistic: $39.28


Bank of America Stock Prediction for Nov 2024

An uptrend is forecast for this month with an optimal target price of $38.0616. Pessimistic: $36.30. Optimistic: $38.89


Bank of America Stock Prediction for Dec 2024

An downtrend is forecast for this month with an optimal target price of $37.6886. Pessimistic: $36.82. Optimistic: $38.93



Bank of America (BAC) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 38.82 36.87 40.40 8.74
Mar 36.13 34.82 37.57 7.34
Mar 35.35 34.19 37.33 8.42
Apr 36.66 36.10 37.87 4.68
May 39.20 37.88 40.38 6.18
Jun 40.46 39.73 41.37 3.97
Jul 41.00 38.76 42.55 8.90
Aug 43.81 41.70 45.90 9.15
Sep 45.96 43.84 47.63 7.97
Oct 42.97 40.68 44.29 8.15
Nov 41.43 39.23 43.09 8.95
Dec 42.77 40.76 43.73 6.78

Bank of America (BAC) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 40.07 39.15 42.26 7.37
Mar 40.35 39.62 41.54 4.62
Mar 41.82 40.01 42.53 5.92
Apr 43.05 41.88 44.38 5.64
May 43.45 41.32 44.69 7.55
Jun 42.56 40.72 44.77 9.05
Jul 40.51 39.83 42.24 5.71
Aug 38.58 37.82 40.74 7.16
Sep 39.66 38.77 40.35 3.92
Oct 40.83 39.31 41.43 5.11
Nov 39.51 38.35 40.09 4.35
Dec 40.34 38.19 40.91 6.63

Bank of America (BAC) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 42.43 41.21 44.18 6.72
Mar 41.54 40.52 42.32 4.26
Mar 41.95 41.33 43.38 4.74
Apr 42.39 40.16 44.40 9.56
May 41.08 39.41 42.63 7.55
Jun 39.44 37.51 41.04 8.61
Jul 40.27 38.92 41.96 7.26
Aug 40.19 38.67 41.90 7.72
Sep 39.82 37.92 41.69 9.03
Oct 42.30 41.21 43.54 5.37
Nov 43.16 41.62 44.31 6.07
Dec 42.86 40.97 43.58 5.99

Bank of America (BAC) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 44.78 42.90 46.25 7.25
Feb 46.53 45.29 47.71 5.05
Mar 49.33 46.78 51.99 10.03
Apr 49.92 47.82 52.33 8.61
May 50.62 49.63 52.32 5.15
Jun 49.06 46.79 51.77 9.62
Jul 50.67 49.68 52.24 4.89
Aug 49.15 47.26 50.15 5.76
Sep 47.43 46.07 49.69 7.28
Oct 47.26 44.88 49.02 8.44
Nov 47.33 44.94 48.46 7.25
Dec 49.15 46.54 50.94 8.65

Bank of America information and performance

Bank of America Address

BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE, NC, US

Market Capitalization: 264 600 109 000 $

Market capitalization of the Bank of America Corp. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of BAC shares in the company outstanding by the market price of one share.

EBITDA: - $

EBITDA of Bank of America is earnings before interest, income tax and depreciation of assets.

PE Ratio: 10.91

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 8.04

Price/earnings to growth

DPS: 0.92

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.0286

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 3.08

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.607
Quarterly Revenue Growth YOY: -0.11
Trailing PE: 10.91

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 10.45

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: -

Enterprise Value (EV) /Revenue

EV To EBITDA: -

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 7872660000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Bank of America (BAC) stock dividend

Bank of America last paid dividends on 02/29/2024. The next scheduled payment will be on 03/29/2024. The amount of dividends is $0.92 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.