Ratings for Bank of America BAC were provided by 16 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 11 | 2 | 0 | 0 |
| Last 30D | 2 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 2 | 1 | 0 | 0 |
| 2M Ago | 1 | 2 | 1 | 0 | 0 |
| 3M Ago | 0 | 7 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $52.19, a high estimate of $58.00, and a low estimate of $44.00. This upward trend is apparent, with the current average reflecting a 6.51% increase from the previous average price target of $49.00.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Bank of America among financial experts becomes clear 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 |
|---|---|---|---|---|---|
| Erika Najarian | UBS | Announces | Buy | $53.00 | - |
| John McDonald | Truist Securities | Announces | Buy | $52.00 | - |
| Jason Goldberg | Barclays | Raises | Overweight | $58.00 | $53.00 |
| Chris Kotowski | Oppenheimer | Lowers | Outperform | $54.00 | $57.00 |
| Betsy Graseck | Morgan Stanley | Raises | Equal-Weight | $55.00 | $48.00 |
| Scott Siefers | Piper Sandler | Raises | Neutral | $50.00 | $44.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Outperform | $57.00 | $50.00 |
| Whit Mayo | Wells Fargo | Raises | Overweight | $56.00 | $52.00 |
| Keith Horowitz | Citigroup | Raises | Buy | $54.00 | $46.00 |
| Chris Kotowski | Oppenheimer | Raises | Outperform | $56.00 | $50.00 |
| Glenn Thum | Phillip Securities | Announces | Accumulate | $44.00 | - |
| Jason Goldberg | Barclays | Raises | Overweight | $53.00 | $49.00 |
| Glenn Schorr | Evercore ISI Group | Raises | Outperform | $45.00 | $44.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Outperform | $50.00 | $48.00 |
| Chris Kotowski | Oppenheimer | Raises | Outperform | $50.00 | $49.00 |
| Betsy Graseck | Morgan Stanley | Raises | Overweight | $48.00 | $47.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Bank of America. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Gaining insights, analysts provide 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: Analysts gauge the dynamics of price targets, providing estimates for the future value of Bank of America's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Bank of America's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Bank of America analyst ratings.
Discovering Bank of America: A Closer Look
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 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 US-focused.
A Deep Dive into Bank of America's Financials
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining Bank of America's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 0.71% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to competitors, the company encountered difficulties, 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 25.17%, 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 2.37%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.19%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.23.
How Are Analyst Ratings Determined?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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