Bank of America Corporation – Consensus indicates 25.6% upside potential
Bank of America Corporation with ticker code (BAC) now have 24 analysts covering the stock. Analyst consensus points to a buy rating. The range between the high target price and the low target price is between 55 and 34 by calculating the average target price we have 42.25. Now, with the previous closing price of 33.65, this would imply an upside potential of 25.6%. The 50 day moving average is at 33.6 and the 200 moving average now moves to 41.47. The market cap of the company is $268,617 million. Company website: https://www.bankofamerica.com
The potential market cap would be $337,269 million based on market consensus.
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Bank of America Corporation, through its subsidiaries, provides banking and financial products and services to individuals, small and medium-sized businesses, institutional investors, large corporations and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, interest-free and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages and home equity loans, as well as direct and indirect loans, such as car loans, recreational vehicles and personal consumer loans. The Company’s Global Wealth & Investment Management segment offers investment management, brokerage, banking, trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialist asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, commercial real estate and asset-based loans; treasury solutions, such as cash management, foreign exchange, short-term investment options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, as well as merger-related and other advisory services. The Company’s Global Markets segment offers market making, funding, securities clearing, settlement and custody services, as well as risk management products using interest rate, equity, credit, currencies and commodities, foreign exchange, fixed income and mortgages. Related products. As of December 31, 2021, it served approximately 67 million retail and small business customers with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with around 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.