
BAC Stock Forecast & Price Target
BAC Analyst Ratings
Bulls say
Bank of America reported a 9.9% year-over-year increase in total core revenues, reaching $28.1 billion, which exceeded expectations by $0.9 billion, indicating strong operational performance. Additionally, the investment banking revenues experienced a significant increase of 41.0% quarter-over-quarter, contributing to positive operating leverage trends across the organization. The improvement in non-performing assets, down 10.4% quarter-over-quarter, further highlights the company's solid credit trends, bolstering a favorable outlook for future performance.
Bears say
Bank of America faces significant risks stemming from a potential decline in bank equities and adverse macroeconomic conditions, which could adversely impact asset quality and increase loan losses. The bank reported a third-quarter EPS of $1.06, exceeding estimates, but concerns persist regarding the sustainability of this performance in the face of possible recessionary pressures and heightened loan losses. Furthermore, there are indications of increased regulatory challenges and a more aggressive legislative environment that could further strain financial metrics, including net interest margins and overall loan volumes.
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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