
BAC Stock Forecast & Price Target
BAC Analyst Ratings
Bulls say
Bank of America demonstrated impressive financial strength with a notable 41.0% quarter-over-quarter increase in investment banking revenues, contributing to an overall revenue growth of 9.9% year-over-year. In addition, the company reported improved credit trends, with non-performing assets decreasing by 10.4%, and its total core revenues of $28.1 billion exceeded expectations by $0.9 billion. Furthermore, the positive operating leverage trends and the potential for enhanced efficiency ratios indicate a robust foundation for future profitability.
Bears say
The financial outlook for Bank of America appears negative due to several significant risks. These include concerns over decreased loan demand, increased competition for deposits, and the potential for worsening asset quality amid an uncertain macroeconomic environment, which could lead to higher credit costs and loan losses. Additionally, the bank's reported third-quarter earnings per share of $1.06, although exceeding expectations, highlight the vulnerability to potential economic downturns and regulatory pressures that may further impact profitability.
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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