
BAC Stock Forecast & Price Target
BAC Analyst Ratings
Bulls say
Bank of America demonstrated a solid performance in its trading segment, with equities and fixed income, currencies, and commodities (FICC) showing year-over-year increases of 17% and 5%, respectively, reflecting heightened client activity during market volatility. The bank's tangible book value per share increased by 9.4% year-over-year to $27.12, driven by a rise in tangible common equity and a reduction in shares outstanding, indicating a strengthening balance sheet. Under CEO Brian Moynihan’s leadership, the bank has effectively balanced growth and expense management while reaffirming its focus on profitability, suggesting a sustainable upward trajectory for future earnings.
Bears say
The analysis of Bank of America indicates several fundamental challenges contributing to a negative outlook for the bank's stock. The bank experienced a decrease in its core return on average common equity (ROACE) to 10.3%, down from both the previous quarter and the year-ago quarter, reflecting weakening profitability. Additionally, despite a reduction in new additions to nonperforming loans, the overall financial environment remains fraught with risks, including deteriorating asset quality, potential macroeconomic downturns, and pressure on net interest margins, all of which could adversely impact future earnings and growth prospects.
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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