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Bank of America

BACNYSE
$42.90
-0.11-0.26%
At Close: -
$42.70
-0.2-0.47%
After Hours: Jul 19, 7:56 PM EDT
15 minutes delayed
Q2 2024 Earnings were released on Tue Jul 16th, before the market open
The most recent conference call was at 8:30 AM, 6 days ago Click to view past webcast
Consensus Rating1
Outperform
Highest Price Target1
$55.00
Lowest Price Target1
$33.00
Consensus Price Target1
$42.61

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Bank of America (NYSE:BAC) Stock, Analyst Ratings, Price Targets, Forecasts

Bank of America Corp has a consensus price target of $42.61 based on the ratings of 28 analysts. The high is $55 issued by Wells Fargo on July 1, 2022. The low is $33 issued by Goldman Sachs on December 1, 2023. The 3 most-recent analyst ratings were released by BMO Capital, Morgan Stanley, and Barclays on July 18, 2024, July 17, 2024, and July 17, 2024, respectively. With an average price target of $45 between BMO Capital, Morgan Stanley, and Barclays, there's an implied 5.39% upside for Bank of America Corp from these most-recent analyst ratings.

Analyst Trends and Forecast
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3
Apr
1
May
1
1
Jun
6
2
1
Jul
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.6
Buy
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

BMO Capital
Morgan Stanley
Barclays
Evercore ISI Group
Keefe, Bruyette & Woods

1calculated from analyst ratings

Analyst Ratings for Bank of America

Buy NowGet Alert
07/18/2024Buy Now-6.32%BMO Capital
James Fotheringham
$38 → $40MaintainsMarket PerformGet Alert
07/17/2024Buy Now7.73%Morgan Stanley
Betsy Graseck
$44 → $46MaintainsOverweightGet Alert
07/17/2024Buy Now14.75%Barclays
Jason Goldberg
$43 → $49MaintainsOverweightGet Alert
07/17/2024Buy Now7.73%Evercore ISI Group
Glenn Schorr
$43 → $46MaintainsOutperformGet Alert
07/17/2024Buy Now12.41%Keefe, Bruyette & Woods
David Konrad
$46 → $48ReiteratesOutperform → OutperformGet Alert
07/17/2024Buy Now7.73%RBC Capital
Gerard Cassidy
$39 → $46MaintainsOutperformGet Alert
07/16/2024Buy Now-8.67%CFRA
Kenneth Leon
→ $39DowngradeHold → SellGet Alert
07/09/2024Buy Now-1.64%Piper Sandler
Scott Siefers
$37 → $42UpgradeUnderweight → NeutralGet Alert
07/03/2024Buy Now-3.98%Jefferies
Ken Usdin
$39 → $41MaintainsHoldGet Alert
07/03/2024Buy Now0.7%Evercore ISI Group
Glenn Schorr
$41 → $43MaintainsOutperformGet Alert
07/02/2024Buy Now12.41%Seaport Global
Jim Mitchell
→ $48UpgradeNeutral → BuyGet Alert
06/14/2024Buy Now7.73%Keefe, Bruyette & Woods
David Konrad
$37 → $46UpgradeMarket Perform → OutperformGet Alert
06/04/2024Buy Now-13.35%Piper Sandler
Scott Siefers
$35 → $37MaintainsUnderweightGet Alert
05/01/2024Buy Now-5.15%JP Morgan
Vivek Juneja
$39.5 → $40.5MaintainsOverweightGet Alert
04/30/2024Buy Now7.73%Oppenheimer
Chris Kotowski
$45 → $46MaintainsOutperformGet Alert
04/19/2024Buy Now-1.64%Wolfe Research
Steven Chubak
→ $42UpgradePeer Perform → OutperformGet Alert
04/18/2024Buy Now-13.35%BMO Capital
James Fotheringham
$36 → $37MaintainsMarket PerformGet Alert
04/17/2024Buy Now5.39%Oppenheimer
Chris Kotowski
$46 → $45MaintainsOutperformGet Alert
04/08/2024Buy Now-8.67%Jefferies
Ken Usdin
$36 → $39MaintainsHoldGet Alert
04/05/2024Buy Now-13.35%Keefe, Bruyette & Woods
David Konrad
$33 → $37MaintainsMarket PerformGet Alert
04/04/2024Buy Now-3.98%Evercore ISI Group
Glenn Schorr
$37 → $41MaintainsOutperformGet Alert
04/04/2024Buy Now-6.32%UBS
Erika Najarian
$39 → $40DowngradeBuy → NeutralGet Alert
04/03/2024Buy NowErste Group
Hans Engel
UpgradeHold → BuyGet Alert
03/28/2024Buy Now3.04%Wells Fargo
Whit Mayo
$40 → $44MaintainsOverweightGet Alert
03/28/2024Buy Now-8.67%HSBC
Saul Martinez
$38 → $39DowngradeBuy → HoldGet Alert
03/20/2024Buy Now-8.67%Citigroup
Keith Horowitz
$37 → $39MaintainsNeutralGet Alert
03/19/2024Buy Now7.73%Oppenheimer
Chris Kotowski
$50 → $46MaintainsOutperformGet Alert
03/08/2024Buy Now-22.72%Piper Sandler
Scott Siefers
$31 → $33MaintainsUnderweightGet Alert
01/30/2024Buy Now17.1%Oppenheimer
Chris Kotowski
$49 → $50MaintainsOutperformGet Alert
01/30/2024Buy Now-3.98%Morgan Stanley
Betsy Graseck
$32 → $41UpgradeEqual-Weight → OverweightGet Alert
01/16/2024Buy Now-20.61%Odeon Capital
Dick Bove
→ $33.9DowngradeBuy → HoldGet Alert
01/16/2024Buy Now14.75%Oppenheimer
Chris Kotowski
$50 → $49MaintainsOutperformGet Alert
01/16/2024Buy Now-15.69%BMO Capital
James Fotheringham
$37 → $36MaintainsMarket PerformGet Alert
01/02/2024Buy Now0.7%Barclays
Jason Goldberg
$39 → $43MaintainsOverweightGet Alert
12/14/2023Buy Now-11.15%Odeon Capital
Dick Bove
→ $37.94UpgradeHold → BuyGet Alert
12/01/2023Buy Now-22.72%Goldman Sachs
Richard Ramsden
$30 → $33MaintainsBuyGet Alert
11/16/2023Buy Now19.44%Oppenheimer
Chris Kotowski
$49 → $51MaintainsOutperformGet Alert
11/06/2023Buy Now-29.74%Keefe, Bruyette & Woods
David Konrad
$29 → $30UpgradeUnderperform → Market PerformGet Alert
10/18/2023Buy Now14.75%Oppenheimer
Chris Kotowski
$48 → $49MaintainsOutperformGet Alert
10/18/2023Buy Now-6.32%BMO Capital
James Fotheringham
$39 → $40MaintainsMarket PerformGet Alert
10/03/2023Buy Now-25.06%Morgan Stanley
Betsy Graseck
$34 → $32MaintainsEqual-WeightGet Alert
09/26/2023Buy Now12.41%Oppenheimer
Chris Kotowski
$49 → $48MaintainsOutperformGet Alert
09/15/2023Buy Now-35.6%Piper Sandler
Scott Siefers
$28 → $27.5MaintainsUnderweightGet Alert
09/12/2023Buy Now-18.03%RBC Capital
Gerard Cassidy
→ $35ReiteratesOutperform → OutperformGet Alert
09/07/2023Buy Now-18.03%HSBC
Saul Martinez
→ $35Initiates → BuyGet Alert
08/23/2023Buy Now-6.32%Wells Fargo
Whit Mayo
$43 → $40MaintainsOverweightGet Alert
08/18/2023Buy Now14.75%Oppenheimer
Chris Kotowski
$52 → $49MaintainsOutperformGet Alert
07/19/2023Buy Now-20.37%Morgan Stanley
Betsy Graseck
$33 → $34MaintainsEqual-WeightGet Alert
07/19/2023Buy Now-6.32%BMO Capital
James Fotheringham
$41 → $40MaintainsMarket PerformGet Alert
07/19/2023Buy Now21.78%Oppenheimer
Chris Kotowski
$49 → $52MaintainsOutperformGet Alert
07/07/2023Buy Now-22.72%Morgan Stanley
Betsy Graseck
$32 → $33MaintainsEqual-WeightGet Alert
06/30/2023Buy Now-18.03%RBC Capital
Gerard Cassidy
→ $35ReiteratesOutperform → OutperformGet Alert
06/14/2023Buy Now-27.4%Citigroup
Keith Horowitz
$33 → $31MaintainsNeutralGet Alert
05/12/2023Buy Now-18.03%Evercore ISI Group
Glenn Schorr
$36 → $35MaintainsOutperformGet Alert
04/19/2023Buy Now-3.98%BMO Capital
James Fotheringham
$43 → $41MaintainsMarket PerformGet Alert
04/19/2023Buy Now-18.03%RBC Capital
Gerard Cassidy
$34 → $35MaintainsOutperformGet Alert
04/19/2023Buy Now-25.06%Morgan Stanley
Betsy Graseck
$31 → $32MaintainsEqual-WeightGet Alert
04/19/2023Buy Now10.07%Oppenheimer
Chris Kotowski
$44 → $47MaintainsOutperformGet Alert
04/19/2023Buy Now-32.08%Keefe, Bruyette & Woods
David Konrad
$28 → $29MaintainsUnderperformGet Alert
04/19/2023Buy Now-22.72%Citigroup
Keith Horowitz
$38 → $33MaintainsNeutralGet Alert
04/12/2023Buy Now-8.67%Barclays
Jason Goldberg
$48 → $39MaintainsOverweightGet Alert
04/10/2023Buy Now-20.37%JP Morgan
Vivek Juneja
$38 → $34MaintainsOverweightGet Alert
04/05/2023Buy Now-27.4%Morgan Stanley
Betsy Graseck
$37 → $31MaintainsEqual-WeightGet Alert
04/03/2023Buy Now5.39%Wells Fargo
Whit Mayo
$52 → $45MaintainsOverweightGet Alert
04/03/2023Buy Now-18.03%Goldman Sachs
Richard Ramsden
$39 → $35MaintainsBuyGet Alert
03/24/2023Buy Now-20.37%RBC Capital
Gerard Cassidy
$40 → $34MaintainsOutperformGet Alert
03/23/2023Buy Now3.04%Oppenheimer
Chris Kotowski
$53 → $44MaintainsOutperformGet Alert
03/08/2023Buy Now-17.56%Odeon Capital
Dick Bove
→ $35.2DowngradeBuy → HoldGet Alert
02/09/2023Buy Now-22.72%Keefe, Bruyette & Woods
David Konrad
$35 → $33DowngradeMarket Perform → UnderperformGet Alert
02/02/2023Buy Now24.12%Oppenheimer
Chris Kotowski
$50 → $53MaintainsOutperformGet Alert
01/31/2023Buy Now-6.32%Atlantic Equities
John Heagerty
→ $40DowngradeOverweight → NeutralGet Alert
01/17/2023Buy Now17.1%Oppenheimer
Chris Kotowski
$51 → $50MaintainsOutperformGet Alert
01/17/2023Buy Now-22.72%Piper Sandler
Scott Siefers
$36 → $33DowngradeNeutral → UnderweightGet Alert
01/10/2023Buy Now-9.98%Odeon Capital
Dick Bove
→ $38.44UpgradeHold → BuyGet Alert
01/06/2023Buy Now-15.69%Deutsche Bank
Matt O'Connor
$45 → $36DowngradeBuy → HoldGet Alert
01/03/2023Buy Now12.41%Barclays
Jason Goldberg
$51 → $48MaintainsOverweightGet Alert
12/28/2022Buy Now19.44%Oppenheimer
Chris Kotowski
$52 → $51MaintainsOutperformGet Alert
12/16/2022Buy Now-13.35%Morgan Stanley
Betsy Graseck
$38 → $37MaintainsEqual-WeightGet Alert
12/08/2022Buy Now-15.69%Piper Sandler
Scott Siefers
→ $36Initiates → NeutralGet Alert
12/06/2022Buy Now-11.01%Morgan Stanley
Betsy Graseck
$36 → $38MaintainsEqual-WeightGet Alert
11/14/2022Buy Now-6.32%Citigroup
Keith Horowitz
→ $40DowngradeBuy → NeutralGet Alert
10/05/2022Buy Now-15.69%Morgan Stanley
Betsy Graseck
$40 → $36MaintainsEqual-WeightGet Alert
10/04/2022Buy Now-6.32%Goldman Sachs
Richard Ramsden
$42 → $40MaintainsBuyGet Alert
09/12/2022Buy Now5.39%Deutsche Bank
Matt O'Connor
$51 → $45MaintainsBuyGet Alert
07/19/2022Buy Now-6.32%RBC Capital
Gerard Cassidy
$45 → $40MaintainsOutperformGet Alert
07/19/2022Buy Now0.7%Credit Suisse
Susan Roth Katzke
$45 → $43MaintainsOutperformGet Alert
07/19/2022Buy Now19.44%Barclays
Jason Goldberg
$58 → $51MaintainsOverweightGet Alert
07/12/2022Buy Now-6.32%Morgan Stanley
Betsy Graseck
$47 → $40MaintainsEqual-WeightGet Alert
07/11/2022Buy Now-12.18%Societe Generale
Andrew Lim
→ $37.5UpgradeHold → BuyGet Alert
07/01/2022Buy Now28.81%Wells Fargo
Mike Mayo
$66 → $55MaintainsOverweightGet Alert
07/01/2022Buy Now10.07%Piper Sandler
Jeffery Harte
$51 → $47MaintainsOverweightGet Alert
06/27/2022Buy Now5.39%Credit Suisse
Susan Roth Katzke
$46 → $45MaintainsOutperformGet Alert
06/24/2022Buy Now10.07%Morgan Stanley
Manan Gosalia
$49 → $47MaintainsEqual-WeightGet Alert
06/14/2022Buy Now5.39%RBC Capital
Gerard Cassidy
$51 → $45MaintainsOutperformGet Alert
04/19/2022Buy Now7.73%BMO Capital
James Fotheringham
$48 → $46MaintainsMarket PerformGet Alert
04/05/2022Buy Now19.44%Piper Sandler
Jeffery Harte
$57 → $51MaintainsOverweightGet Alert
03/28/2022Buy Now14.75%Morgan Stanley
Betsy Graseck
$51 → $49UpgradeUnderweight → Equal-WeightGet Alert
03/08/2022Buy NowBaird
David George
UpgradeUnderperform → NeutralGet Alert
01/20/2022Buy Now19.44%Morgan Stanley
Manan Gosalia
$49 → $51MaintainsUnderweightGet Alert
01/06/2022Buy Now22.95%JP Morgan
Vivek Juneja
$50 → $52.5MaintainsOverweightGet Alert

FAQ

Q

What is the target price for Bank of America (BAC) stock?

A

The latest price target for Bank of America (NYSE:BAC) was reported by BMO Capital on July 18, 2024. The analyst firm set a price target for $40.00 expecting BAC to fall to within 12 months (a possible -6.32% downside). 47 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Bank of America (BAC)?

A

The latest analyst rating for Bank of America (NYSE:BAC) was provided by BMO Capital, and Bank of America maintained their market perform rating.

Q

When was the last upgrade for Bank of America (BAC)?

A

The last upgrade for Bank of America Corp happened on July 9, 2024 when Piper Sandler raised their price target to $42. Piper Sandler previously had an underweight for Bank of America Corp.

Q

When was the last downgrade for Bank of America (BAC)?

A

The last downgrade for Bank of America Corp happened on July 16, 2024 when CFRA changed their price target from N/A to $39 for Bank of America Corp.

Q

When is the next analyst rating going to be posted or updated for Bank of America (BAC)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Bank of America, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Bank of America was filed on July 18, 2024 so you should expect the next rating to be made available sometime around July 18, 2025.

Q

Is the Analyst Rating Bank of America (BAC) correct?

A

While ratings are subjective and will change, the latest Bank of America (BAC) rating was a maintained with a price target of $38.00 to $40.00. The current price Bank of America (BAC) is trading at is $42.70, which is out of the analyst’s predicted range.

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