Bank of America (BAC) stock forecast for 2024

The forecast has been updated: June 23, 2022 8:35


Bank of America stock price online today

Analyst Target Price

48.29

Dividend Date

24.06.2022

Ex Dividend Date

02.06.2022

Last Split Factor

Last Split Date

01.01.1970

Should you buy or sell Bank of America stock stock today? What is the projected target price level for 2024? How much will it cost in 2024? Bank of America stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2024.

We predict the dynamics of the stock market value using resonant artificial intelligence systems.

Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account.

Forecasts are adjusted once a day taking into account the price change of the previous day.

To date, analysts have a $48.29 target price for Bank of America stock stock.

Today 200 Day Moving Average is the resistance level (42.69 $).

50 Day Moving Average is the resistance level (36.76 $).




BAC Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 38.58 36.83 40.47 9.01 %
Feb 37.48 35.43 38.21 7.28 %
Mar 37.06 35.63 38.40 7.23 %
Apr 37.81 37.17 38.97 4.62 %
May 36.06 35.28 37.50 5.92 %
Jun 35.56 34.79 37.37 6.93 %
Jul 34.34 33.06 35.61 7.15 %
Aug 36.62 35.57 37.16 4.28 %
Sep 36.88 34.84 37.70 7.60 %
Oct 38.01 37.24 39.96 6.79 %
Nov 39.05 38.18 41.13 7.18 %
Dec 39.38 38.63 40.48 4.56 %

The forecasts table above shows the forecast values of the company's stock price for each month. The Rate Forecast column displays the Optimal Average Forecast Price. The MIN Rate column displays a pessimistic forecast for this month. “MAX Rate” is an optimistic forecast. The % Volatility column represents the approximate monthly volatility of Bank of America stock.


Bank of America overview

Bank of America Address

BANK OF AMERICA CORPORATE CENTER, 100 N TRYON ST, CHARLOTTE, NC, US

Market Capitalization

253 469 442 000 $

EBITDA

-

PE Ratio

8.95

PEG Ratio

3.946

Dividend Per Share

0.81

Dividend Yield

0.0262

EPS

3.514

Quarterly Earnings Growth YOY

-0.07

Quarterly Revenue Growth YOY

-0.06

Trailing PE

8.95

Forward PE

10.26

EV To Revenue

-

EV To EBITDA

-

52 Week High

49.58

52 Week Low

31.23

50 Day Moving Average

36.76

200 Day Moving Average

42.69

Shares Outstanding

8056880000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions

Bank of America stock forecast for this year


Bank of America stock forecast for Jan 2024.
Estimated Average Forecasted Bank of America Price: 38.58. Positive monthly dynamics of the instrument is expected with 9.009% volatility is expected.

Pessimistic forecast: 36.83

Optimistic: 40.47


Bank of America stock forecast for Feb 2024.
Estimated Average Forecasted Bank of America Price: 37.48. Negative monthly dynamics of the instrument is expected with 7.277% volatility is expected.

Pessimistic forecast: 35.43

Optimistic: 38.21


Bank of America stock forecast for Mar 2024.
Estimated Average Forecasted Bank of America Price: 37.06. Negative monthly dynamics of the instrument is expected with 7.227% volatility is expected.

Pessimistic forecast: 35.63

Optimistic: 38.40


Bank of America stock forecast for Apr 2024.
Estimated Average Forecasted Bank of America Price: 37.81. Positive monthly dynamics of the instrument is expected with 4.618% volatility is expected.

Pessimistic forecast: 37.17

Optimistic: 38.97


Bank of America stock forecast for May 2024.
Estimated Average Forecasted Bank of America Price: 36.06. Negative monthly dynamics of the instrument is expected with 5.924% volatility is expected.

Pessimistic forecast: 35.28

Optimistic: 37.50


Bank of America stock forecast for Jun 2024.
Estimated Average Forecasted Bank of America Price: 35.56. Negative monthly dynamics of the instrument is expected with 6.926% volatility is expected.

Pessimistic forecast: 34.79

Optimistic: 37.37


Bank of America stock forecast for Jul 2024.
Estimated Average Forecasted Bank of America Price: 34.34. Negative monthly dynamics of the instrument is expected with 7.155% volatility is expected.

Pessimistic forecast: 33.06

Optimistic: 35.61


Bank of America stock forecast for Aug 2024.
Estimated Average Forecasted Bank of America Price: 36.62. Positive monthly dynamics of the instrument is expected with 4.277% volatility is expected.

Pessimistic forecast: 35.57

Optimistic: 37.16


Bank of America stock forecast for Sep 2024.
Estimated Average Forecasted Bank of America Price: 36.88. Positive monthly dynamics of the instrument is expected with 7.600% volatility is expected.

Pessimistic forecast: 34.84

Optimistic: 37.70


Bank of America stock forecast for Oct 2024.
Estimated Average Forecasted Bank of America Price: 38.01. Positive monthly dynamics of the instrument is expected with 6.793% volatility is expected.

Pessimistic forecast: 37.24

Optimistic: 39.96


Bank of America stock forecast for Nov 2024.
Estimated Average Forecasted Bank of America Price: 39.05. Positive monthly dynamics of the instrument is expected with 7.178% volatility is expected.

Pessimistic forecast: 38.18

Optimistic: 41.13


Bank of America stock forecast for Dec 2024.
Estimated Average Forecasted Bank of America Price: 39.38. Positive monthly dynamics of the instrument is expected with 4.562% volatility is expected.

Pessimistic forecast: 38.63

Optimistic: 40.48



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