Wall Street is positive on Bank of America Corp (BAC). On average, analysts give Bank of America Corp a Strong Buy rating. The average price target is $40.583, which means analysts expect the stock to lose by -6.25% over the next twelve months.
That average ranking earns Bank of America Corp an Analyst Rating of 41, which is better than 41% of stocks based on data compiled by InvestorsObserver.
Wall Street analysts are rating BAC a Strong Buy today. Find out what this means to you and get the rest of the rankings on BAC!
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Bank of America Corp Stock Today?
Bank of America Corp (BAC) stock has gained 0.07% while the S&P 500 is lower by -2.09% as of 12:42 PM on Tuesday, Sep 28. BAC has gained $0.03 from the previous closing price of $43.26 on volume of 33,132,954 shares. Over the past year the S&P 500 has risen 29.80% while BAC has gained 79.70%. BAC earned $2.99 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 14.49.
Click Here to get the full Stock Report for Bank of America Corp stock.