What will Bank of America stock be worth in 5 years?
Bank of America stock price stood at $37.73
What will Bank of America stock be worth in 2030?
| Year | Prediction | Change |
|---|---|---|
| 2027 | $ 49.01 | 32.58% |
| 2028 | $ 53.84 | 45.64% |
| 2029 | $ 59.15 | 60.00% |
| 2030 | $ 64.98 | 75.77% |
How high will Bank of America stock go?
BAC Stock 12 Month Forecast
Based on 23 Wall Street analysts offering 12 month price targets for Bank of America in the last 3 months. The average price target is $39.78 with a high forecast of $45.00 and a low forecast of $33.00. The average price target represents a 7.60% change from the last price of $36.97.
What is the future price of BAC stock?
Stock Price Forecast
The 16 analysts with 12-month price forecasts for Bank of America stock have an average target of 38.87, with a low estimate of 33 and a high estimate of 45. The average target predicts an increase of 2.94% from the current stock price of 37.76.
Who is the largest stock holder in Bank of America?
Hedge funds don't have many shares in Bank of America. Berkshire Hathaway Inc. is currently the largest shareholder, with 13% of shares outstanding. For context, the second largest shareholder holds about 7.7% of the shares outstanding, followed by an ownership of 6.2% by the third-largest shareholder.
Where will Bank of America stock be in 10 years?
According to the latest long-term forecast, Bank of America price will hit $40 by the end of 2024 and then $50 by the middle of 2025. Bank of America will rise to $55 within the year of 2026, $60 in 2027, $70 in 2028, $75 in 2029, $80 in 2031, $85 in 2032, $90 in 2033, $95 in 2034 and $100 in 2035.
Is Bank of America a good stock to hold?
Bank of America Corp.'s market capitalization is $277.67 B by 7.87 B shares outstanding. Is Bank of America stock a Buy, Sell or Hold? Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 49 buy ratings, 23 hold ratings, and 6 sell ratings.
Should I sell my Bank of America stock?
Is Bank of America a buy or a sell? In the last year, 25 stock analysts published opinions about BAC-N. 17 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock.
What is the future outlook for Bank of America?
Future criteria checks 1/6
Bank of America is forecast to grow earnings and revenue by 6.2% and 4.6% per annum respectively. EPS is expected to grow by 7.7% per annum. Return on equity is forecast to be 9.9% in 3 years.
Will Bank of America grow?
CHARLOTTE, NC – Bank of America today announced it will expand its financial center network into nine new markets over the next four years, bringing banking, investing, retirement, lending and small business services and solutions to more clients and communities.
Is Bank of America a buy or sell?
Bank of America Corporation - Hold
Its Value Score of C indicates it would be a neutral pick for value investors. The financial health and growth prospects of BAC, demonstrate its potential to perform inline with the market. It currently has a Growth Score of D.
How many shares of BAC does Warren Buffett own?
| Symbol | Holdings | |
|---|---|---|
| Aon PLC | AON | 4,100,000 |
| Apple Inc | AAPL | 905,560,000 |
| Atlanta Braves Holdings Inc Series C | BATRK | 223,645 |
| Bank of America Corp | BAC | 1,032,852,006 |
Who owns Bank of America now?
The ownership structure of Bank of America (BAC) stock is a mix of institutional, retail and individual investors. Approximately 34.90% of the company's stock is owned by Institutional Investors, 27.44% is owned by Insiders and 37.65% is owned by Public Companies and Individual Investors.
Who owns most shares of Bank of America?
Berkshire Hathaway (BRK.A 1.18%)(BRK.B 1.3%): Warren Buffett's Berkshire Hathaway is the largest Bank of America shareholder, with 1.03 billion shares amounting to a 13% stake. As of March 2024, it was the second-largest of Warren Buffett's stock holdings after Apple (AAPL -1.22%), worth almost $37 billion.
Is BoA bigger than Chase?
Chase is the largest bank in the country, holding over $3.38 trillion in assets. Bank of America is the second-largest bank with over $2.45 trillion in assets. Wells Fargo is the third-largest bank, holding over $1.7 trillion in assets.
Why choose Bank of America for stocks?
BoA's cheap valuation makes it an appealing value stock
It's also well below its 10-year average price-to-earnings ratio. BAC Price to Book Value data by YCharts.
What is Bank of America prediction for 2024?
The brokerage raised its 2024 earnings per share (EPS) forecast for the index companies to $250 from the previously expected $235. BofA strategists said that "2023 was a transition year for Corporate America, and companies have now adjusted to the new higher rate and tepid demand environment."
What is the long term investment of Bank of America?
Bank Of America long-term investments for 2023 were $871.407B, a 1% increase from 2022. Bank Of America long-term investments for 2022 were $862.819B, a 12.19% decline from 2021.
Why is Bank of America shares falling?
Bank of America Earnings Drop, Under Pressure From Higher Rates; Stock Falls. Bank of America reported a 18% drop in first-quarter profit, the latest big lender to feel the squeeze of higher interest rates.
What Bank has the best stock?
| Ticker | Company | Performance (1 Year) |
|---|---|---|
| WFC | Wells Fargo & Co. | 51.73% |
| C | Citigroup Inc | 38.11% |
| FITB | Fifth Third Bancorp | 35.78% |
| BAC | Bank Of America Corp. | 30.87% |
What is the target price for Bank of America?
| High | $45.00 |
|---|---|
| Low | $34.00 |
| Average | $39.53 |
| Current Price | $35.77 |
What is the book value of Bank of America stock?
As of today (2024-04-14), Bank of America's share price is $35.79. Bank of America's Book Value per Share for the quarter that ended in Dec. 2023 was $33.34. Hence, Bank of America's PB Ratio of today is 1.07.
Should I keep my money in the Bank or stock market?
If your goal requires quick access to cash, you'll likely opt to hold money in a savings account or similarly liquid space. On the other hand, if you're hoping for better returns on your money than can be achieved with savings account interest rates and over a long time, then investing may be the answer.
Is it better to keep your money in banks or stocks?
Investing products such as stocks can have much higher returns than savings accounts and CDs. Over time, the Standard & Poor's 500 stock index (S&P 500), has returned about 10 percent annually, though the return can fluctuate greatly in any given year.
Is Apple a good stock to buy right now?
Apple has 21.12% upside potential, based on the analysts' average price target. Is AAPL a Buy, Sell or Hold? Apple has a conensus rating of Moderate Buy which is based on 16 buy ratings, 11 hold ratings and 2 sell ratings.
