Bank of America
BAC
$61.99
+0.08%
Bank of America Corporation is a diversified financial services company operating through four primary segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, and Global Markets, offering a broad range of banking, investing, and risk management products to individuals and institutions. As the second-largest U.S. bank by deposits and a top-tier global investment bank, it holds a formidable competitive position, underpinned by a $3.5 trillion balance sheet and a leading market share in retail and middle-market banking. The current investor narrative centers on the bank's robust earnings momentum, driven by resilient net interest income and strong capital markets activity, alongside a shareholder-friendly capital return program highlighted by a 14% dividend increase and a $40 billion buyback authorization. Additionally, the stock's recent outperformance relative to the S&P 500 has drawn attention, with debates focusing on the sustainability of revenue growth amid evolving interest rate expectations and the bank's ability to maintain expense discipline.…
BAC
Bank of America
$61.99
Related headlines
BAC 12-Month Price Forecast
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 +10.9% versus the current price.
Average Target
$68.77
0 analysts
Implied Upside
+10.9%
vs. current price
Analyst Count
—
covering this stock
Price Range
$62 - $75
Analyst target range
Bank of America is covered by 22 analysts, with a consensus recommendation of 'Buy' and a mean recommendation score of 1.54 (where 1 is Strong Buy and 5 is Sell). The average target price is $68.77, implying an upside of approximately 10.35% from the current price of $62.32. The distribution of ratings is bullish, with no Sell ratings and a majority of Overweight/Buy ratings, as evidenced by recent actions from firms like Wells Fargo (Overweight), Barclays (Overweight), and JP Morgan (Overweight), all reaffirmed in July 2026. The target price range spans from a low of $62.00 to a high of $75.00, with the low target roughly at the current price, suggesting limited downside risk, while the high target implies a 20.3% upside, reflecting expectations of continued earnings growth and potential multiple expansion.
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BAC Technical Analysis
Bank of America's stock is in a clear sustained uptrend, with a 1-year price change of +23.43% and a 6-month gain of +25.07%. The current price of $62.32 sits near the upper end of its 52-week range, at approximately 95.5% of the range (calculated as (62.32 - 46.12) / (65.23 - 46.12) * 100), indicating strong momentum and investor confidence, though it also suggests the stock may be approaching overbought conditions. The price has consistently made higher highs and higher lows over the past six months, reflecting a robust bullish trend that has outpaced the broader market, as evidenced by the relative strength of +19.08% over 3 months versus the S&P 500's +1.70%.
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
+22.2%
Cumulative gain past year
| Period | BAC Return | S&P 500 |
|---|---|---|
| 1m | +0.1% | +2.0% |
| 3m | +18.3% | +1.0% |
| 6m | +24.5% | +11.8% |
| 1y | +22.2% | +18.1% |
| ytd | +10.8% | +11.7% |
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BAC Fundamental Analysis
Bank of America's revenue trajectory is accelerating, with the most recent quarter (Q2 2026) reporting revenue of $49.39 billion, up 5.84% year-over-year, and marking a significant increase from the prior quarter's $30.27 billion (which was seasonally lower). Over the past four quarters, revenue has grown from $46.67 billion in Q2 2025 to $49.39 billion in Q2 2026, reflecting a steady upward trend driven by strong performance in Global Markets (revenue of $7.11 billion) and Consumer Banking ($11.05 billion), while Global Wealth and Investment Management contributed $6.71 billion. The bank's net income for Q2 2026 was $9.07 billion, up from $7.12 billion in the year-ago quarter, representing a 27.5% increase, and the net margin expanded to 18.37% from 15.25%, indicating improved profitability. Gross margin stood at 61.13% in Q2 2026, up from 53.30% a year earlier, reflecting better interest rate spreads and cost management, while operating margin improved to 23.41% from 16.47%.
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
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Valuation Analysis: Is BAC Overvalued?
Given that Bank of America is highly profitable, the primary valuation metric selected is the price-to-earnings (PE) ratio. The trailing PE is 14.18x, while the forward PE is 11.77x, implying that the market expects earnings growth of approximately 20.5% (calculated as (14.18/11.77 - 1) * 100). This gap suggests optimistic growth expectations, supported by the bank's recent earnings acceleration and strong capital markets outlook. The PEG ratio of 0.73x indicates that the stock is undervalued relative to its expected earnings growth, making it an attractive value proposition for growth-oriented investors.
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