Bank of America (BAC) Stock Forecast & Long-Term Prediction

  • It is ranked 31st in the world with a capitalization of $301 billion in mid-May 2024.

  • The 12-month dividend yield is 2.5%. The company paid $0.96 per share.

  • Its assets have been trending higher since the fall of 2023. Over the next 12-month period, the share could continue to climb. BAC analyst stock ratings are Buy or Hold.

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1 Jahr
3 Jahre

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Bac Stock Price for Today (07/17/2024)

The stock projection for the 07/17/2024 is bearish. Quotes are being affected by several negative factors at once. A reversal of the trend is unlikely in real-time.

 

Mindestprognosekosten

37.14 USD

Maximaler Prognosewert

41.04 USD

% Wertänderung

+0.72%

Key Findings

  • Price Today — 41.89 USD.

  • Price at Q1 of 2024 — $37.92.

  • Price for next year 2025 — $75.86

  • Long-term price 2025-2030 — up to $93.21.

According to investing.com, 12 of the 25 professionals polled gave a "buy" rating. Another 11 recommended holding the asset. The average target price for the next 12 months is $40.08. This corresponds to a 4.24% upside from the value at the time of this writing.

 

Bac (BAC) Technical Analysis

In trade, technical analysis indicators help traders decide whether to make a deal. The most popular are:

  1. RSI. On the daily chart, it's at 62.2. The asset is not overbought yet. 

  2. The MACD equals 0.37, which is a buy signal.

  3. Moving averages are below the quotation line, which indicates a bullish trend. Short-term averages are higher than long-term averages, which indicates a buy.

If the trend breaks, $37.73 will be a strong support. 

This overview is for informational purposes only. It is not investment advice.

Strong buy

What will BAC be worth in 5 years?

Analysts' price targets for the next five years vary a lot. Experts with bearish positions say:

  • Aggressive Fed policy will cause a credit crunch.

  • Borrowers' finance problems will lead to more loan losses.

  • Trade and geopolitical tensions will hurt investment.

The bank has a strong customer base and a flexible cost management system. It is unlikely to collapse during the crisis. Analysts do not predict such a development.

The Bulls are building on their strengths:

  • The company is a leader in digital banking and benefits from AI and new financial instruments.

  • The bank is updating investment products for clients.

  • The company can enter new markets through mergers and acquisitions.

The Motley Fool says Bank of America will do better than its rivals. But the platform's experts don't think the company will be one of the top capitalized banks in a few years.

EPS may increase to $3.75 by 2028. In 2023, this indicator was $3.08. Revenue growth is expected to reach $112-$120 bln. In 2023, it was $98.58 bln. These expectations confirm the bullish scenario.

 

Bank of America Stock Forecast 2024

Analysts think 2024 will be mostly good for the bank. Unlike many companies, it benefits from high Fed rates. The problem is the rising credit card charge-off rate. This could lead to the need to increase reserves. 

Maximum share value projection for the end of 2024:

  • $38.879 from Wallet Investor;

  • $41.42 from Stockscan;

  • $44.05 from Coin Price Forecast;

  • $61.94 from 30rates.

Ken Usdin of Jefferies raised his target price to $39. Goldman Sachs changed its projection from $44 to $41.

The most negative scenario is a price drop to $35.07. 

Date

Minimum expected price, $

Maximum expected price, $

June

30.59

41.39

July

31.75

42.96

August

32.06

43.38

September

31.39  

42.47

October

34.22  

46.30

November

34.99  

47.34

December

35.07  

47.46

 

BAC Stock Forecast 2025

Experts disagree about the share's future. Some think raising reserves will hurt BAC's revenue, while others think it'll boost interest rates.

Bank of America corp. stock outlook for year-end 2025:

  • $33.77 from Stockscan;

  • $38.68 from Wallet Investor;

  • $53.98 from Coin Price Forecast;

  • $70.21-$82.43 from 30rates.

BeatMarket experts don't think bearish expectations are realistic. We're sticking with our moderately optimistic outlook.

Month

Minimum expected price, $

Maximum expected price, $

January

36.559

49.46

February

35.91  

48.59

March

34.99  

47.34

April

33.65  

45.53

May

52.72  

71.32

June

51.20  

69.28

July

53.38  

72.22

August

52.79  

71.43

September

51.70

69.95

October

53.98  

73.03

November

55.88 

75.61

December

56.07

75.86

 

Bank of America Price Prediction 2026

Wall Street analysts expect stock market growth. They believe a lower Fed rate will boost the market. Loan delinquencies are also expected to fall, which will help banks.

Some experts think that in 2026, prices will be at the level of the current price. They say this because prices have been going up recently. 

2026 price target:

  • $37.74-$38.48 from Wallet Investor;

  • $46.64-$52.32 from Stockscan;

  • $62.22 from Coin Price Forecast;

  • $87.29-$118.09 from Gov Capital.

Month

Minimum expected price, $

Maximum expected price, $

January

72.11

84.65

February

76.08

89.32

March

77.47

90.95

April

80.97

95.05

May

88.01

107.13

June

79.86

99.19

July

67.88

86.80

August

66.85

78.47

September

72.66

85.72

October

74.76

87.76

November

74.49

87.45

December

80.97

95.10

 

Bank of America Stock Forecast 2027

Some say that BAC will lose its upward trend that began in 2023, while others suggest their stock ideas that the company will do better than other tech companies and the NASDAQ-100 index.

BAC projection at end of 2027:

  • $37.55-$38.29 from Wallet Investor;

  • $38.26-$44.92 from Stockscan;

  • $68.24 from Coin Price Forecast;

  • $128.74-$174.18 from Gov Capital.

BeatMarket experts think prices will go up, but not above $120.

Month

Minimum expected price, $

Maximum expected price, $

January

88.06

109.37

February

89.84

105.46

March

84.88

99.64

April

77.80

92.26

May

84.56

100.66

June

84.04

98.66

July

87.60

102.84

August

89.87

105.51

September

88.87

104.33

October

92.17

108.19

November

100.18

119.83

December

99.23

116.49

 

Bank of America Stock Price Forecast 2028

Price targets for BAC 2028:

  • $37.376-$38.040 from Wallet Investor;

  • $36.52-$38.73 from Stockscan;

  • $75.54 from Coin Price Forecast;

  • $162.97-$220.48 from Gov Capital.

Its beta coefficient is 1.39. Its share is outperforming the market. BeatMarket believes that minimal volatility projections are unfounded. 

The Gov Capital platform's benchmarks seem overvalued. We like the share, but we don't think it will exceed $150.

Month

Minimum expected price, $

Maximum expected price, $

January

95.35

111.93

February

102.03

119.77

March

107.66

126.38

April

109.63

128.69

May

114.58

134.50

June

124.54

151.59

July

125.14

149.18

August

123.12

138.51

September

118.95

135.25

October

119.55

138.47

November

124.46

135.89

December

127.55

134.19

 

Long-Term Bank of America (BAC) Forecast 2030 to 2050

It's hard to make a reliable revenue forecast over such a long period. During this period, many things will happen that we cannot predict. Future prices are calculated based on historical data.

Most scenarios are moderately bullish. Experts think prices will go up, but not much. At least, in comparison with tech companies. 

Bank of America (BAC) Stock Projections For the Next 10 Years

Long-term scenarios are mostly negative. This is because of fears of an economic slowdown. Tight monetary policy will lead to less lending, which will reduce the bank's revenue.

Analysts suggest the following by 2035:

  • $43.41-$48.43 from Stockscan;

  • до $111.63 from Coin Price Forecast.

What will Bank of America stock be worth in 2030?

Experts think 2030 will be less good than the next five years. This is because they use historical data to make their calculations.

Analysts' offerings of a possible price at the end of 2030:

  • $33.40-$38.12 from Stockscan;

  • $20-$70 from 247wallst;

  • up to $93.21 from Coin Price Forecast.

BeatMarket experts are optimistic. The bank is strong in the America’s market, so we found the latest prices to be between $70 and $90.

 

BAC Stock Forecast 2040

Only one service offers a long-term projection. Stockscan expects the company's quotations to be between $54.03 and $57.54 in 2040. 

This is a pessimistic scenario. It's only +45.51% growth. In 15 years, it will only protect the portfolio from inflation. Dividends won't make up for slow growth in prices. The company has raised payouts for 10 years in a row.

 

BAC Stock Outlook 2050

Stockscan suggests a target range of $80.44-$86.46. That's an upside of 121.72%. This is better than the company's performance over the last 25 years. But worse than the projection for other assets.

BeatMarket experts are optimistic. We expect the share to grow 200-250%.

 

About Bank of America (BAC)

bac logo

Bank of America Corporation is the third largest investment banking firm in the world. It was formed in 1998 by merging two banks founded in 1904 and 1909. Its share is traded on the NYSE under the ticker symbol BAC.

The company has offices around the world, but its main activity is in the USA. The country accounts for 88% of revenue.

The company's main business is consumer banking, which generates almost 39% of revenue. It also has four other divisions. 

74% of Global Fortune 500 companies use this bank's services. It has a strong customer base.

The company's main risk is tighter banking regulation in the US. They may also have to deal with a drop in the quality of borrowers because people are losing their jobs.

 

BAC Price History Chart

2006

The company's quotes reached an all-time high of $54.90. This happened on November 16. Then the market turned down. 

2009

The stock market crash is over. In 2009, a stock cost less than $4.

2021

Quotes reached $46.47. Then it started to go down again.

 

What Influences BAC Stock Price

Interest rate

The stock prices of banks depend on things like the interest rate. When interest rates are low, banks have a hard time getting money from customers. This is one of the banks most affected by this.

Financial results

The quotations are based on the bank's performance. They include revenue, net earnings, and financial forecasts.

News and gossip

The news background affects the quotes. For example, there was information that BAC supports Republican Donald Trump's campaign. In particular, it was ready to exchange "Trump dollars" for cash, which did not happen.

3 risk factors

Three types of risks are considered key for companies in the banking sector: interest rate - the possibility of a change in the Fed Funds rate; counterparty - the probability that borrowers will not repay the loans; regulatory - the risk of tightening regulation by the country's Central Bank.

Is Bank of America a good long-term investment?

Short-term

(1-6 month)
On the horizon of several months, analysts do not advise to buy BAC. It is very likely that the share price will fall. This is supported by fundamental factors.

Medium-term

(6-12 month)
Investments in the Bank's shares may prove unprofitable in the medium term. There is a risk of an unsatisfactory financial result due to the need to increase reserves.

Long-term

(1 year+)
Analysts recommendation is to hold the share for 6-12 months, as according to the consensus projection, prices are expected to stay the same or rise slightly. In an optimistic view, the share could gain 20% over time.

FAQ

Is BAC a buy, sell or hold?

According to Tipranks service, BAC has Moderate Buy ratings from analysts. Of the 23 experts polled in the last 3 months, 12 recommend Buy, 10 give a Hold rating, and 1 gives a Sell rating.

Is BAC undervalued?

The current stock value is higher than the fair price. The P/E multiple is above the industry average. The company is not undervalued.

What is the future of BAC stock?

Analysts say the price of shares will stay the same or go up a little in the next few months. Experts estimate the price will go up a lot in the next few years.

Who holds the most Bank of America stock?

Berkshire Hathaway Inc. owns the company's largest share. Brian T. Moynihan is the largest individual investor.

What Is a BAC stock price target?

Analysts' average target price for the next twelve months is $40.08. The maximum projection is $46. The lowest is $34.

What is the fair price of BAC stock?

The fair price of the share is $16, according to the Value Investing service. Eric Compton of Morningstar says it's $35.

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