
BAC Stock Forecast & Price Target
BAC Analyst Ratings
Bulls say
Bank of America reported a substantial 41.0% quarter-over-quarter increase in investment banking revenues, contributing to an overall revenue growth of 9.9%, while maintaining a manageable expense increase of just 5.2%. The company's core revenues reached $28.1 billion, exceeding expectations by $0.9 billion and demonstrating strong year-over-year growth. Additionally, with non-performing assets improving by 10.4% quarter-over-quarter, the bank is well-positioned to capitalize on favorable capital market conditions and improve its efficiency ratios, further enhancing its financial outlook.
Bears say
The analysis highlights several significant concerns contributing to a negative outlook on Bank of America's stock. Key risks include potential declines in asset quality, macroeconomic performance, and regulatory pressures, which can adversely impact profitability and loan volumes. Additionally, projected increases in loan losses amid a possible return to recessionary conditions, alongside a slight decrease in reserves, underscore vulnerabilities that may hamper future earnings growth.
This aggregate rating is based on analysts' research of Bank of America and is not a guaranteed prediction by Public.com or investment advice.
BAC Analyst Forecast & Price Prediction
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