Stock Price & Analysis

Based on the latest market data and analyst insights, BAC stock shows mixed signals:

Technical Analysis

• Current price at $46.53 with RSI at 59.07 indicates a neutral-to-bullish momentum
• Trading near Fibonacci resistance level of $47.13, with support at $44.56
• Price is above 20-day SMA of $44.95, suggesting short-term upward trend

Recent Developments

• Bank of America plans to award stock to 97% of its global workforce, amounting to over $1 billion, following strong 2024 performance with profits reaching $27.1 billion
• The bank recently agreed to pay part of a $60 million settlement with SEC regarding low interest rates on cash accounts
• Q4 2024 showed robust performance with revenue exceeding $100 billion

Analyst Sentiment Recent analyst actions show positive bias:

• Evercore ISI maintains Buy rating with $51 target (9.45% upside)
• Truist Securities raised target to $53 (13.75% upside)
• Oppenheimer increased target to $55 (18.04% upside)
• Morgan Stanley raised target to $56 (20.18% upside)

Conclusion SELL. Despite positive fundamentals and analyst optimism, the stock is trading near resistance levels and showing signs of being overbought in the short term. Consider taking profits and waiting for a pullback to support levels around $44.56 for better entry points.

Based on the provided data and market context, here's the price prediction for BAC stock in 2025:

Bank of America (BAC) stock is expected to reach $49.20 by mid-2025, representing a potential upside of around 5.6% from current levels, driven by strong financial performance with profits reaching $27.1 billion and revenue exceeding $100 billion in 2024. The bank's strategic focus on digital innovation and substantial employee stock awards program demonstrates robust operational momentum. Technical indicators support this outlook with RSI at 59.07 showing moderate bullish momentum while staying below overbought levels.

The S1 support level for BAC Stock is $45.04 ,The R1 resistant level for BAC Stock is $47.2.

As of the end of day on 2025-01-24, the price of BAC Stock was $46.55.

The target price for BAC Stock according to analyst rating is 52.26, with the highest price target at 58.00 and the lowest at 44.00. Analysts have a Strong Buy rating on BAC Stock overall.

The market cap of BAC is $354.1B.

Based on the provided data and context, I'll analyze whether BAC is overvalued through multiple key aspects:

Valuation Metrics BAC's current P/E ratio of 13.68x (Q4 2024) is notably lower than the banking sector average, suggesting relatively attractive valuation. The EV/EBITDA of 24.91x indicates some premium compared to peers, while P/B ratio of 1.23x is reasonable for a major bank.

Recent Performance The stock is trading at $46.57 as of January 17, 2025, showing resilience despite recent market volatility. The bank reported strong financial performance in 2024, with revenue exceeding $100 billion and profits reaching $27.1 billion.

Business Fundamentals BAC demonstrated robust operational strength by announcing stock awards to 97% of its global workforce, reflecting strong financial health. The bank's bonus pool for investment bankers is expected to rise 10%, indicating healthy business momentum.

Market Position As the second-largest U.S. lender, BAC maintains a strong competitive position. Recent analyst ratings show high confidence, with BAC receiving a top rating from Validea's Multi-Factor Investor model.

Conclusion BAC is not overvalued at current levels based on fundamentals, valuation metrics, and market position. The bank's strong financial performance, reasonable P/E ratio, and positive business momentum support this conclusion.

Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.

Based on the available data and market analysis, here's the price prediction for Bank of America (BAC) stock in 2030:

BAC stock is projected to reach $85-90 by 2030, driven by the bank's strong digital transformation initiatives and consistent market share gains in consumer banking. The bank's robust organic growth trajectory, evidenced by 23 consecutive quarters of net new checking account growth and record customer investment asset balances, supports this bullish outlook. The favorable regulatory environment under the new administration and expected surge in global deal volumes, combined with BAC's strong capital position (CET1 ratio of 11.8%), provides additional upside potential for this price target.

BAC has a total of 213000 employees.