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Bank of America Corporation with ticker code (BAC) now has a total of 23 analysts covering the stock. The consensus rating is Buy. The range between the high price target and the low price target is between 55 and 34, with an average price target of 41.15. Given that the stock’s previous close was at 31.46, this now indicates a potential upside of 30.8%. The 50 day moving average is 33.68 and the 200 day moving average is 38.19. The company has a market capitalization of $247.084 million. You can visit the company’s website by visiting: https://www.bankofamerica.com
The potential market cap would be $323.188 million based on the market consensus.
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Bank of America Corporation, through its subsidiaries, provides banking and financial products and services to individual consumers, small and medium-sized businesses, institutional investors, large corporations and governments worldwide. Its Consumer Banking segment offers traditional savings and money market accounts, certificates of deposit and IRAs, interest-free and interest-bearing checking accounts and investment accounts and products; and credit and debit cards, home mortgages and home loans, as well as direct and indirect loans, such as auto loans, recreational vehicles and consumer personal loans. The company’s Global Wealth & Investment Management segment offers investment management, brokerage, banking, as well as trust and retirement products and services; and wealth management solutions as well as customized solutions including dedicated asset management services. Its Global Banking segment provides credit products and services, including commercial loans, leases, underwriting facilities, trade finance and commercial real estate and asset-based loans; treasury solutions such as treasury management, currency and short-term investment options and trading 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, financing, securities clearing, settlement and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed income and mortgage. Related products. As of December 31, 2021, it served approximately 67 million consumer and small business customers with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
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