| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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15 analysts have expressed a variety of opinions on Bank of America (NYSE:BAC) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 7 | 6 | 2 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 4 | 3 | 0 | 0 |
| 3M Ago | 0 | 3 | 3 | 1 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $40.37, a high estimate of $46.00, and a low estimate of $33.00. Marking an increase of 4.18%, the current average surpasses the previous average price target of $38.75.
In examining recent analyst actions, we gain insights into how financial experts perceive Bank of America. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Scott Siefers | Piper Sandler | Raises | Underweight | $37.00 | $35.00 |
| Vivek Juneja | JP Morgan | Raises | Overweight | $40.50 | $39.50 |
| Chris Kotowski | Oppenheimer | Raises | Outperform | $46.00 | $45.00 |
| Steven Chubak | Wolfe Research | Announces | Outperform | $42.00 | - |
| James Fotheringham | BMO Capital | Raises | Market Perform | $37.00 | $36.00 |
| Chris Kotowski | Oppenheimer | Lowers | Outperform | $45.00 | $46.00 |
| Ken Usdin | Jefferies | Raises | Hold | $39.00 | $36.00 |
| David Konrad | Keefe, Bruyette & Woods | Raises | Market Perform | $37.00 | $33.00 |
| Glenn Schorr | Evercore ISI Group | Raises | Outperform | $41.00 | $37.00 |
| Erika Najarian | UBS | Raises | Neutral | $40.00 | $39.00 |
| Whit Mayo | Wells Fargo | Raises | Overweight | $44.00 | $40.00 |
| Saul Martinez | HSBC | Raises | Hold | $39.00 | $38.00 |
| Keith Horowitz | Citigroup | Raises | Neutral | $39.00 | $37.00 |
| Chris Kotowski | Oppenheimer | Lowers | Outperform | $46.00 | $50.00 |
| Scott Siefers | Piper Sandler | Raises | Underweight | $33.00 | $31.00 |
For valuable insights into Bank of America's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Bank of America analyst ratings.
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Decline in Revenue: Over the 3 months period, Bank of America faced challenges, resulting in a decline of approximately -1.68% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Bank of America's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 23.79%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Bank of America's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.32%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Bank of America's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.19%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.26.
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: BAC
