BAC

Bank of America

$61.69

-0.27%
Aug 21, 2026
Bobby Quantitative Model
Bank of America Corporation is a diversified financial services giant, operating through four primary segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets, offering a full suite of banking, investing, and wealth management products to individuals, businesses, and institutions. As the second-largest U.S. bank by deposits and a top-four global investment bank, it holds a formidable competitive position, underpinned by a $3.5 trillion balance sheet and a leading digital banking platform. The current investor narrative centers on the bank's robust earnings momentum, highlighted by a 14% dividend increase and a $40 billion buyback program, while debates persist about the sustainability of its trading-driven revenue growth and the impact of a cooling inflation environment on net interest margins.

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BAC 12-Month Price Forecast

Historical Price
Current Price $61.69
Average Target $61.69
High Target $70.94
Low Target $52.44

Wall Street consensus

Most Wall Street analysts maintain a constructive view on Bank of America's 12-month outlook, with a consensus price target around $68.77 and implied upside of +11.5% versus the current price.

Average Target

$68.77

0 analysts

Implied Upside

+11.5%

vs. current price

Analyst Count

covering this stock

Price Range

$62 - $75

Analyst target range

The target price range spans from a low of $62.00 to a high of $75.00, representing a spread of $13.00, which reflects moderate uncertainty about the bank's future performance. The high target of $75.00 assumes continued strong capital markets activity, successful execution of the $40 billion buyback, and potential multiple expansion as the market rewards the bank's efficiency improvements. The low target of $62.00 prices in potential headwinds from a slowing economy, margin compression from falling interest rates, and increased regulatory costs. The recent downgrade wave in the banking sector, as highlighted in the news, suggests that some analysts believe the stock is 'priced for perfection,' but the overall consensus remains bullish, with no recent downgrades for BAC specifically.

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BAC Technical Analysis

Bank of America's stock has been in a powerful sustained uptrend over the past year, with a 1-year price change of +35.17%, significantly outperforming the S&P 500's +20.37% over the same period. The current price of $64.49 sits near the top of its 52-week range, at approximately 98.9% of the high of $65.20 and 39.8% above the low of $46.12, indicating strong bullish momentum and market confidence, though it also suggests the stock may be approaching overbought conditions.

Beta

1.17

1.17x market volatility

Max Drawdown

-18.4%

Largest decline past year

52-Week Range

$46-$65

Price range past year

Annual Return

+27.8%

Cumulative gain past year

PeriodBAC ReturnS&P 500
1m+0.1%+2.5%
3m+19.1%+2.7%
6m+16.3%+11.1%
1y+27.8%+20.5%
ytd+10.3%+12.3%

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BAC Fundamental Analysis

Bank of America's revenue trajectory is firmly positive, with Q2 2026 revenue of $49.39 billion, up 5.84% year-over-year, and a clear acceleration from the prior quarter's $30.27 billion (which was impacted by a one-time accounting adjustment). The multi-quarter trend shows consistent growth, from $46.67 billion in Q2 2025 to $48.22 billion in Q3 2025, $49.69 billion in Q4 2025, and the latest Q2 2026 figure, driven primarily by strong performance in Global Markets ($7.11 billion) and Consumer Banking ($11.05 billion), while Global Banking ($6.29 billion) and Global Wealth ($6.71 billion) also contributed. This growth is broad-based, though the reliance on trading and investment banking revenue, as noted in recent news, introduces volatility to the top line.

Quarterly Revenue

$49.4B

2026-06

Revenue YoY Growth

+5.8%

YoY Comparison

Gross Margin

61.1%

Latest Quarter

Free Cash Flow

$56.6B

Last 12 Months

Revenue & Net Income Trends (2 Years)

Revenue Breakdown

Consumer Banking Segment
Global Wealth and Investment Management Segment
Global Banking Segment
Global Markets Segment

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Valuation Analysis: Is BAC Overvalued?

Given Bank of America's positive net income, the primary valuation metric selected is the price-to-earnings (PE) ratio. The trailing PE stands at 14.18x, while the forward PE is 12.18x, implying that the market expects earnings growth of approximately 16.4% over the next year, a reasonable assumption given the bank's recent EPS growth trajectory. The gap between trailing and forward multiples suggests modest optimism about future profitability, supported by the bank's strong capital position and buyback program.

PE

14.2x

Latest Quarter

vs. Historical

High-End

5-Year PE Range 8x~14x

vs. Industry Avg

N/A

Industry PE ~N/A*

EV/EBITDA

13.5x

Enterprise Value Multiple