Note: In case you are a long-term investor and want to analyze the performance over a longer time frame (subject to data availability), access the BAC 10 year report here. Shares of Bank of America (NYSE: BAC) were down on Tuesday, falling as much as 6% during the trading day. Copyright 2022 Netcials. The average Bank Of America stock price prediction forecasts a potential upside of 35.66% from the current BAC share price of $33.00. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. The stock is up 173% since Dec. 31, 2011, nearly tripling the S&P 500.. Given that I now have a more positive view of BAC's growth expectations in the next couple of years as discussed in this article, I decided to rate Bank of America's shares as Bullish or a Buy, rather than a Hold or Neutral previously. Note: *This section uses close prices and not adjusted close. It's this intangible culture that separates the great banks from the rest, and it wasthe lack of this culture that made Bank of Americaone of the most troubled banks in the U.S. today. The Motley Fool recommends Bank of America. In comparison, net interest income is a relatively more sustainable source of future earnings growth, and this is an area that BAC has performed well in the recent quarter. BAC's efficiency ratio, defined as "non-interest expense divided by total revenue, net of interest expense", also fell from 71% in Q3 2020 and 70% in Q2 2021 to 63% in Q3 2021, as per the company's 3Q 2021 investor presentation slides. However, profits are not the whole story when it comes to Bank of America. In Q3 2021, Bank of America's revenue increased by +12% YoY, but its non-interest expenses only grew by +0.3% YoY during this period. ET, Bank of America was down 5.5%, trading at $32.58. This implies that there are solid underlying fundamental drivers supporting the bank's future net interest income growth. Bank of America Stock Forecast 12-15-2022. buying earnings power at a discount in great companies like "Magic Formula" stocks, high quality businesses, hidden champions and wide moat compounders). Positive dynamics for Bank of America shares will prevail with possible volatility of 3.225%. All Rights Reserved. Have a look at the below table. In five years, short-term thinkers will laud Bank of America for its profits and for the remarkable turnaround since 2009. On average, Wall Street analysts predict. Below is the graph showing BAC vs NYSE Composite (NYA) for the last 5 years. 2022-12-08T11:15:00Z A bookmark. Looking beyond the next quarter or year, I see Bank of America reporting solid earnings growth over the subsequent five years, and the key bottom line drivers will be an increase in deposits, improved cost efficiency, and share repurchases. Learn More. Every row in the table corresponds to a month of a year. On the other hand, a daily price graph is going to look cluttered due to a high frequency of swings. This suggests a possible upside of 32.5% from the stock's current price. To make the world smarter, happier, and richer. Jordan Wathen: One year from today, Bank of America's mortgage unit might be modestly profitable. You will know if BAC has moved along with or behaved different compared to the composite index. The letter F. An envelope. Shares of Bank of America Inc. BAC, -0.18% shares were down 5.5% Tuesday afternoon at $32.57, their lowest level since mid-October. If you find data inaccuracies kindly let us know using the contact form so that we can act promptly. March 3, 2022 by Stern. I think that this is reasonable, with deposits growth, cost control, share buybacks helping to drive the bank's bottom line growth in the next five years. nasdaq r/otcalerts MetLife's Preferred Stock, Series E Shares Cross 6% Yield Mark. I wrote this article myself, and it expresses my own opinions. The median estimate represents a 71.41. At the company's Q3 2021 earnings call, Bank of America did not disagree with an attendee's view that the bank's "acceleration of buybacks" is expected to be sustained. Below is a sample of data used for creating the above graph. The company, which has traded its voting common stock on the Nasdaq since it went public in July 2015, will transfer the listing of that stock to the New York Stock Exchange beginning Dec. 14 of this year. Looking ahead, analysts expect Bank of America to take a breather in the next 12 months. of shares outstanding) x P/E Ratio. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). The Motley Fool has a disclosure policy. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. However, Bank of America recently released its list of the top eight stocks to buy. Within months, the stock hit its low point of the past five years, dropping down to $10.99 following a bout of early-2016 volatility related to concerns over an economic slowdown in China. Here's what they see when they look into the crystal ball. www.netcials.com does not make any warranties about the completeness, reliability and accuracy of this information. Bank of America Corporation's Beta (5 Year) of 1.39 ranks in the 87.7% percentile for the sector. More than 1,000 Bank of America employees applied for 804 patents . The average is taken for daily close prices during all the market open days of the concerned month. Bank of America's share price rose by +6% in the past two weeks after the bank reported better-than-expected earnings for the third quarter. I rate Bank of America's shares as a Buy now, taking into account the positive five-year outlook for the bank. Jay Jenkins: In five years, Bank of America will likely be one of the -- if not the-- most profitable banks in the U.S. U.S. stock buybacks dropped to the lowest in five years in the first quarter, providing evidence of a reversal in the multi-decade bullish trend for equities, according to strategists at Bank of . The key driver of the growth in revenue and net interest income for Bank of America is expected to be the increase in deposits and the loan-to-deposit ratio. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Looking ahead, the growth in deposits and the loan-to-deposit ratio should be supportive of Bank of America's net interest income growth in the coming years. The average price target among the 24 analysts covering the stock is $33.50, suggesting only 1.5% upside from current levels. When litigation costs dwindle and Bank of America starts stockpiling cash, it will have ample firepower to ask the Federal Reserve for big capital returns. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (BofA Corp.). Historical Data Dividends Stock Split History Warrant Info Analyst Coverage FAQs Shareholder Info Contact The Open, Close, High, Low, and VWAP may be adjusted to account for any stock splits and/or dividends which may have occurred for this security since the date shown above. In July last year, it was announced that BAC was "partnering with IBM (IBM) to create an industry-first, third party cloud." With security and privacy a high-profile concern for card customers, adopting this technology earlier than its peers should give an extra boost to the bank's card business over the next year. In this article, I focus solely on BAC and update my views on the bank. All Bank of America Corporation (BAC) Reports: Stocks: History: 10 Years, 5 Years, Charts, Dividend, Splits Recent: Month, 6 Months, Year, Last Year Peaks/Troughs: Highest, Lowest, 52 Weeks Performance: Rise, Trend, Returns, Growth, 1000$ in 10 Years Comparison: BAC Vs Other Stocks Others: Volatility, Volume Financials: Profits: Net Profit Margin: The closing price above is not necessarily indicative of future price performance. You will find now. At the company's Q3 2021 earnings call on October 14, 2021, BAC guided for "modest growth" for net interest income "in Q4", and it expects net interest income "in full year 2022 to be well above full year 2021." You are continuing to another website that Bank of America doesnt own or operate. I wrote this article myself, and it expresses my own opinions. ET I anticipate much larger dividends, a robust share buyback program, and a plethora of market analysts cheering the bank's return to greatness. USD 32.38 -0.06 (-0.18%) At close: Dec 9, 2022 4:00 PM 32.35 -0.03 (-0.09%) After-hours: Dec 9, 2022 7:59 PM EST Overview Financials Statistics Forecast Dividends Profile Chart 1D 5D 1M YTD 1Y 5Y Max Also, its loan-to-deposit ratio is estimated to be relatively low at around 47% in Q3 2021. Bank of America's long-term stock valuation model, using a price-to-normalized earnings ratio, indicates a negative 10-year return for the S&P 500 for the first time . If you prefer that we not use this information, you can opt out of online behavioral advertising. B of A has been a front-runner on card security, first issuing the more secure chip-and-PIN credit cards for new accounts in 2012. The next column contains the close price at the end of the year. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. The all-time high Bank Of America stock closing price was 48.25 on February 08, 2022. New York-based Morgan Stanley states that S&P 500 could fall nearly 24% in the first four months of 2023, pushing the stock index to somewhere between 3,000 and 3,300. The Bank of America stock price gained 0.309% on the last trading day (Friday, 9th Dec 2022), rising from $32.38 to $32.48.During the last trading day the stock fluctuated 1.63% from a day low at $32.08 to a day high of $32.60.The price has fallen in 7 of the last 10 days and is down by -13.86% for this period. The second column reflects the open price during the beginning of the year (the first market-open day). Job losses next year will shock consumers . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. While BAC's FY 2023 earnings growth is slightly lower than that of Wells Fargo, the former boasts much higher ROEs. Bank of America In 2021, Beyond: Bank of America shares broke out to the upside again in the closing months of 2019, surging to new highs of $35.72 before the COVID-19 sell-off pushed the. In addition, the financial institution is expected to report a 9.7% decrease. Their BAC share price forecasts range from $33.00 to $55.00. I upgrade my investment rating for Bank of America (NYSE:BAC) from Neutral to Bullish. The most important statistic is that BAC has "about 17% market share (of consumer checking accounts) in the Gen Z area that is heavily digitally-originated" as disclosed at its Q3 earnings call. As of 2022 December 08, Thursday current price of BAC stock is 32.740$ and our data indicates that the asset price has been in a downtrend for the past 1 year (or since its inception).. Bank Of America stock price has been showing a declining tendency so we believe that similar market segments were not very popular in the given period. Continue Reading Show full articles . Bank of America's net interest income expanded by +8% QoQ and +10% YoY to $11,094 million in Q3 2021. Stock Price = (Total revenue x Net income margin / No. Contingent coupon rate of at least 11.25% per annum (at least 2.8125% per quarter) payable quarterly if the Observation Value of the Underlying Stock on the applicable Observation Date is greater than or equal to . Bank of America executives routinely point out that the losses during the financial crisis mean the bank isn't paying cash taxes. ). The stock's down more than 48% this year. Live Oak Bancshares, parent of Wilmington-based Live Oak Bank, announced Friday morning that it is changing its stock trading partner. As such, after a year of profits without litigation, Bank of America's capital position will be better than its income implies, which sets the stage for bigger capital returns via dividends and share repurchases. In fact, the SPDR S&P 500 SPY total return in the past five years is 120.4%. The bank's card customers are spending more as well, which is bumping up account balances. Many will agree that a medium-term investor is one who invests for a time around 5 years. Furthermore, share repurchases are also positive for BAC's future earnings per share growth. The Bank Of America 52-week high stock price is 50.11, which is 54.8% above the current share price. In fact, Bank of America shares dropped as low as $2.53 in early 2009 as investors questioned whether the company could avoid bankruptcy or total nationalization. Phil Rosen. in the long run. It is organized into. The stock is down about 2% this week after shares ascended 4% to 182.87 last Friday, hitting its best level since April. net cash stocks, net-nets, low P/B stocks, sum-of-the-parts discounts) and wide moat stocks (i.e. In this article, I focus solely on BAC and update my views on the bank. Live . This section will help you assess the performance of Bank of America Corporation (BAC) against the stock market. Time and again several studies have proven that overall returns from equities surpass most other forms of investments (like bonds, fixed deposits, etc.) The right column contains the average price for that month. Use our comparison table or choose from our Top Picks. BAC's good share price performance post-results announcement came about, as the bank's earnings per share jumped by +67% YoY from $0.51 in Q3 2020 to $0.85 in Q3 2021. Those who believe that the pendulum will move in one direction forever or reside at an extreme forever eventually will lose huge sums. The . Sell stock rallies ahead of the likely recession shock for Main Street consumer sentiment in 2023, Bank of America said Friday. Corporate & Commercial Banking Business Will Drive Growth In Bank of America's Revenues For Full Year 2020. Bank of America highlighted at its recent earnings call that is the collaboration with IBM is "an effort to internalize the cloud that we can use in the financial service industry", and revealed that this is "saving a lot of money, and we continue to add modest amounts to the cloud.". Bank of America's investment banking fees grew by +23% YoY from $1,769 million in Q3 2020 to $2,168 million in Q3 2021, while its sales & trading revenue increased by +12% YoY from $3,224 million to $3,614 million over the same period. Free shipping for many products! Please. Bank Of America Return on Investment 2010-2022 | BAC Prices Financials Revenue & Profit Assets & Liabilities Margins Price Ratios Other Ratios Other Metrics Current Ratio Quick Ratio Debt/Equity Ratio ROE ROA ROI Return On Tangible Equity Current and historical return on investment (ROI) values for Bank Of America (BAC) over the last 10 years. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. All the information on this website is published in good faith and for general information purpose only. Bank of America investors who held on through a volatile few years were rewarded for their patience, and $1,000 worth of Bank of America stock bought in 2016 would be worth about $2,518 today, assuming reinvested dividends. Those investors can be called medium-term investors. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It is also noteworthy that Bank of America's third-quarter earnings per share were +22% higher than the Wall Street analysts' consensus bottom line forecasts. However, the bank reported a 46% decline in its investment banking fees due to weaker underwriting activity. Market Data copyright 2022 QuoteMedia. Desperate to see their families after languishing in . Tue, Dec . Annual revenue (last year) $95.8B: Annual profit (last year) $32.0B: Net profit . Warren Buffett gives credit to Charlie Munger for teaching him that value investing is about more than buying low. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Jay Jenkins has no position in any stocks mentioned. But the continued growth in sales & trading revenue and investment banking fees is dependent on elevated levels of capital market activity going forward, and not necessarily sustainable. Hopefully, the above report helped you. Total Revenues have increased 9% from $83.7 billion in 2016 to $91.2 billion in 2019 . The final column represents the difference between the returns. It's only when the tide goes out that we can see who is wearing a bathing suit and who is swimming naked. Pessimistic target level: 30.48. 5 years (2016 to 2020) 13.95%. The daily swings in prices make the graphs less readable. In considering BAC as a long-term investment candidate, it is noteworthy that the stock is valued by the market at a discount to some of its peers, and the bank has made good progress in terms of digitalization efforts. How to buy Bank of America stock Learn how to easily invest in Bank of America stock. that Bank Of America's share price could reach $44.77 by Dec 6, 2023. I also mentioned BAC's "expectations of higher expenses going forward" with the bank guiding for "its expenses to increase by approximately +2.7% YoY in FY 2021.". Bank of America Corp NYSE : BAC - USD $33.00 + $0.02 ( + 0.06%) BANKS-DIVERSIFIED Buy Bank of America Stocks Updated Jul 30, 2021 Fact checked Open a stock trading account. The 38 analysts offering price forecasts for Bank of America have a median target of 45.34, with a high estimate of 60.00 and a low estimate of 36.00. BMO On the Day Ahead in North America. The chart below shows the historical price of Bank of America stock and a. Amazon Stock Price Prediction Gobankingrates Bank Stocks Look Attractive Again As Q2 2022 Earnings Come In Strong Morningstar Bank Of America Stock History Will The Banking Giant Ever Fully Recover The . Hardly any other company incites such strong negativeemotions from Main Street, while simultaneously delighting Wall Street, as Bank of America(BAC -0.18%). The average beta (5 year) of companies in the sector is 0.79 with a standard deviation of 0.52. Apart from the medium-term earnings growth outlook, investors also need to look at Bank of America's digital disruption risks and valuations in assessing the bank's attractiveness as an investment in the long term. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Bank of Montreal noted North American stock futures were mixed this morning (+/-0.2% as at 6:45am ET), amid mixed but mostly lower global markets (e.g., European blue chips -0.2%). The bank's delivered a 194% return since 2012, whichcompares to a 53% gain for the S&P 500, for those keeping score at home. BAC's key risks are slower-than-expected deposit growth, a larger-than-expected increase in non-interest expenses, a slower pace of share buybacks, a failure to execute well on digitalization efforts, and a valuation de-rating of the banking sector as a whole. 3.5 Years of Dividend Investing. Hence, instead of the conventional daily prices chart, you are about to see the monthly average prices graph. Analyst Report: Bank of America Corporation Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. All rights reserved. buying assets at a discount e.g. Invest better with The Motley Fool. Although it is uncertain when capital market activity will start to ease, BAC's net interest income growth should be able to help to offset any decline in investment banking fees and sales & trading revenue. This section will give you a feel of the kind of fluctuations and gains in the years to come. As of 2:45 p.m. When it comes to valuations, Bank of America still trades at a significant discount to MS and JPM based on P/B multiples. Returns on equity top 20% in two of Bank of America's four profitable segments. This record was achieved as the United States Patent and Trademark Office issued about 7% fewer patents overall in 2021. Here's How Much Investing $1,000 In JPMorgan Stock 5 Years Ago Would Be Worth Today. By the beginning of 2016, Bank of America shares had worked their way all the way back up to around $16.45. After falling precipitously during the financial crisis, Bank of America has bounced back strongly in recent years. Some analysts' Bank of America stock forecasts predict it reaching $80 per share in 2025, which is nearly double its current price. Now let us check and compare the annual returns of Bank of America Corporation (BAC) and the composite. If Bank of America can meet market expectations in terms of a solid mid-single-digit earnings growth in the next five years, the stock's valuation discount as compared to JPM and MS has a good chance of gradually narrowing over time. Corporate & Commercial Banking Business Will Drive Growth In Bank of America's Revenues For Full Year . Market consensus expects BAC's earnings per share to grow by +32% from $0.59 in Q4 2020 to $0.78 in Q4 2021 as per Seeking Alpha's Earnings Estimates page for BAC. The most important takeaway from Bank of America's Q3 2021 financial results is that the bank delivered decent growth in net interest income, on top of an increase in investment banking fees and sales & trading revenue. The S&P 500 financials sector lost 1.3%. As disclosed in the company's Q3 2021 investor presentation slides, BAC's number of digital active users for its consumer banking business increased by +4% from 39.3 million in Q3 2020 to 40.9 million in the most recent quarter, which translates to a digital household penetration rate of 70%. Jay Jenkins: In five years, Bank of America will likely be one of the -- if not the -- most profitable banks in the U.S. The Open, Close, High, Low, and VWAP may be adjusted to account for any stock splits and/or dividends which may have occurred for this security since the date shown above. Should You Buy the 5 Highest-Paying Dividend Stocks in the S&P 500? Amanda Alix has no position in any stocks mentioned. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. For BANK OF AMERICA CORP stock forecast for 2028 (5 year), 12 predictions are offered for each month of 2028 with average BANK OF AMERICA CORP stock forecast of $95.86, a high forecast of $96.18, and a low forecast of $95.04. In the below table every row corresponds to a year. We are constantly upgrading and updating our reports section. Bowser has revoked visitation privileges throughout the pandemic, including remote, online visitation, from unvaccinated inmates. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The graph you saw in the first section has a drawback. The yield on 10-year Treasuries advanced 10 basis points to 3.58%; Germany's 10-year yield advanced 11 basis points to 1.93%; Britain's 10-year yield advanced nine basis points to 3.18% . To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. In the next five years, BAC should be able to deliver at least a mid-single-digit earnings per share growth on an annualized basis. Automotive Lighting Market to Hit $28.5 million in 2027 - Exclusive Report by MarketsandMarkets. ET First Published: Oct. 28, 2022 at 8:08 a.m. And, in true Buffett fashion, those purchases have already proven to be big winners, as Bank of America traded at about $25 per share at the time of his 2020 purchases, marking a nearly 80% gain as of Jan. 21. I am not receiving compensation for it (other than from Seeking Alpha). Bank of America Corporation (BAC) 5 Years Chart - Monthly, Bank of America Corporation (BAC) Stock 5 Year Return, Gains Of BAC Investor At Different Exit Points Within 5 Years, BAC 5 year performance against the stock market, BAC Stock Returns During 10 Biggest Volume Days, historical price charts of Bank of America Corporation (BAC), Current year stock performance report of BAC. Five years later, the Bank of America that exists today was the result of the merger between the San Francisco-based Bank of America and the Charlotte-based NationsBank. The fourth quarter will be filled with uncertainty related to the election, the health crisis and the economy. The 10000 $ would have grown as much as 16427.61 $. What happened. Asia Value & Moat Stocks is a research service for value investors searching for attractive Asia-listed investment opportunities with a huge gap between price and intrinsic value, leaning towards both deep value balance sheet bargains (i.e. Period. Price as of December 9, 2022, 4:00 p.m. It its latest market and economic forecast, Bank of America warned of a collapsing U.S. labor market and a . And once it stops producing billion-dollar losses, all eyes can turn to the impressive results of the core business. Jordan Wathen has no position in any stocks mentioned. This report analyzes the performance of Bank of America Corporation (BAC) Stock in the last 5 years. As per the company's 3Q 2021 investor presentation slides, Bank of America boasts the largest "retail deposit market share" in the US. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. According to the issued ratings of 13 analysts in the last year, the consensus rating for Bank of America stock is Moderate Buy based on the current 5 hold ratings and 8 buy ratings for BAC. It's hard to believe, but consumer real estate services -- the mortgage banking arm -- would be profitable if not for litigation. The final column shows the gain in percentage. Company goals are aspirational and not guarantees or promises that all goals will be met. Customer balances this year rose by $1.3 billion from the first to second quarter, and delinquencies were less than 3%. According to the company's 3Q 2022 financial results, its net income decreased by 8% YoY. Among the banks that survived the crisis, Bank of America was one of the hardest-hit. Bank of america stock 5 year forecast Monday July 11 2022 Edit. . Consensus analyst expectations peg the bank's one-year share performance stock at $34 per share, at the top of the stock's 52-week trading. Bank of America (BAC) Stock Sinks As Market Gains: What You Should Know Yahoo Finance 1 day ago As Bank of America Corporation's (NYSE:BAC)) market cap dropped by US$41b, insiders who sold. The stock made it to $33.05 by early 2018 before stalling out for roughly a year and a half. We have validated the data to the best of our knowledge. Certain links may direct you away from Bank of America to an unaffiliated site. Here's how to invest in the stock market next year, according to Bank of America. As 2023 progresses, the stocks will witness immense volatility as earnings will be hit by the recession. But theres no question some big-name stocks performed better than others along the way. The S & P 500 could fall to 3,000 in the first half of 2023 amid a recession, earnings cuts, persistent . At that time, I rated BAC's and WFC's shares as Neutral and Bullish, respectively. In fact, the real work for CEO Brian Moynihan and company is really just getting started. I am not receiving compensation for it (other than from Seeking Alpha). Historical performance over the last 5 years, for example, is simply what the average return per year (compound annual growth rate) was for the investment over the past 5 years. I raise my rating on Bank of America from Neutral to Bullish. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Feel free to access them. These materials are for informational purposes only. Making the world smarter, happier, and richer. Currency in USD Follow 2W 10W 9M 32.44 -0.30. Note: If you want to observe and learn the stock charts for not only 5 years but other time ranges in history, have a look at historical price charts of Bank of America Corporation (BAC). January 6th political prisoners detained in the Corrupt Washington DC jail are calling on patriots to demand that DC Mayor Muriel Bowser allow them visitation, even computer visitation with their families. Of the 1.1 million new card accounts opened in the second quarter of 2014, two-thirds belonged to existing clients. RT=Real-Time, EOD=End of Day, PD=Previous Day. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Amanda Alix: Bank of Americahas been steadily building its credit and debit card business over the past year or two, and, if current growth is any indication, this segment should be even stronger at this time next year. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Fourth-quarter trading revenue is likely to be up 10% to 15% from a year earlier, putting the . buying earnings power at a discount in great companies like "Magic Formula" stocks, high-quality businesses, hidden champions and wide moat compounders). 12 equities research analysts have issued 1 year target prices for Bank of America's stock. Bank of America reported its earnings for the third quarter of this year on October 14, 2021 before trading hours, and the bank's stock price subsequently increased by +6% from $45.07 as of October 14, 2021 to $47.88 as of November 2, 2021. Bank of America spent $9.9 billion on share buybacks in Q3 2021, and the company's shares outstanding have been steadily declining from 8,651 million shares as of September 30, 2020 to 8,184 million shares as of end-September 2021. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. And that doesn't even begin to speak to the bank's true profitability. (The data used for this report is within the range of 11-30-2017 and 11-29-2022.). The spread between the 2-year yield and 10-year yield shrank as low as minus 86 basis points at one point on Tuesday, its most inverted level since 1981. Over 14,935 companies were considered in this analysis, and 2,909 had meaningful values. Average stock market return. ~ Howard Marks. When autocomplete results are available use up and down arrows to review and enter to select. What does the future hold for Bank of America? Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Investors should brace themselves for a rocky year ahead, according to Bank of America. Bank of America ( BAC, Fortune 500) fell more than 5% to as low as $4.92 in late afternoon trading. Although this is justified to some extent by BAC's inferior ROEs, Bank of America is expected to deliver stronger bottom line growth as compared to JPMorgan and Morgan Stanley in fiscal 2023. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. With regards to its attractiveness as a long-term investment, BAC has dealt with digital disruption threats well, and there is the potential for further valuation re-rating. If you opt out, though, you may still receive generic advertising. In my earlier April 28, 2021 article covering Bank of America and Wells Fargo, I noted the market's "disappointment with the bank's (Bank of America) 1Q 2021 results and relatively lower expectations of BAC's full-year FY 2021 financial performance." In hindsight, this was not the best decision. you can opt out of online behavioral advertising. Between April 28, 2021 and November 2, 2021, Wells Fargo's stock price rose by +15%, but Bank of America did even better with a +20% share price increase over this period. Between fiscal 2018 and fiscal 2020, Bank of America's revenues and net income decreased 6% and 38%, respectively. Relationship-based ads and online behavioral advertising help us do that. Touch device users, explore by touch or with swipe gestures. 4 Social Security Changes Joe Biden Wants to Make: Is 2023 the Year They Become Reality? Did 10 highest activity (volume) days in last 5 years resulted in positive gains? The sell-side consensus numbers also point to continued bottom line growth for Bank of America in the short term. Bank of America's earnings are expected to continue growing in the subsequent quarter and the next fiscal year, which is supported by the bank's positive guidance for net interest income growth. FY 2022 is not a good basis for comparison as earnings are expected to normalize after an exceptional FY 2021 boosted by exceptionally high levels of capital market activity. Bank of America Coronavirus Resource Center, How we help people, companies and institutions realize their financial goals. It means conservative growth. Despite a more than 70% gain since the March 23 lows of the last year, Bank of America stock (NYSE: BAC) is still trading 11% below its pre-Covid peak in February 2020. Confirm your payment details. Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. Bank of America's Preferred Stock, Series E Shares Cross 5.5% Yield Mark. Every row corresponds to the performance of the stock and composite each year. Big banks were crushed during the worst of the financial crisis in 2008 and 2009. Now the bank announced that it will be the first to offer the new technology on its debit cards, beginning this month. On average, they expect the company's stock price to reach $42.91 in the next twelve months. About the Bank of America Corp. stock forecast. All four generate double-digit returns. While Bank of America is expected to deliver reasonably attractive earnings growth in the next five years, there are other factors to consider in determining if BAC will be a good long-term investment. Mike Wilson who is chief US equity strategist in Morgan Stanley said that . Since then, Bank of America shares have regained nearly all of their lost ground and are currently trading at around $33. It means sacrificing a little profitability now to prevent massive losses later. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. buying assets at a discount e.g. A bigger multiple should follow -- $20 per share might not be out of reach by next year. Bank of America also highlighted at its recent quarterly results briefing that it has witnessed "loan growth for two quarters now" and it "took in a lot of deposits" and "put some of those towards the loan growth." Bank of Americas Big Run: One market leader of the past five years was Bank of America Corp BAC. Please disable your ad-blocker and refresh. Between April 28, 2021 and November 2, 2021, Wells Fargo's stock price rose by +15%, but Bank of America did even better with a. share price increase over this period. This suggests that Bank of America has been actively tackling the issue of digital disruption. Already, the company has largely righted the ship from the depths of. Treasury yields were also mostly higher along the curve, as much as 3.8 bps at the 5/7-year node (-0.2 bps at the back end). The historical performance data for individual securities quoted on this website represents past performance reported as an average annual return for a given time horizon. Bank of America Corporation (BAC) Stock Historical Prices & Data - Yahoo Finance Bank of America Corporation (BAC) NYSE - NYSE Delayed Price. Sign up here to get started today! These ads are based on your specific account relationships with us. The move put the stock briefly beyond the 5% chase zone from a 173.95 buy . Find real-time BAC - Bank of America Corp stock quotes, company profile, news and forecasts from CNN Business. The long-term success or failure of Bank of America will hinge on management's ability to change the culture within the institution. The monthly average graph is too smooth to miss large and appreciable fluctuations. Market volatility is boosting Bank of America's trading business in the last three months of the year. Optimistic target level: 31.50. ET, Warren Buffett Owns a Lot of Stocks -- Here's the One I'm Most Excited About, 2 Bank Stocks to Buy Before the Bear Market Is Over, WhyBank of America Stock Was Falling Today, 3 Stocks You Can Buy Today to Take Advantage of Robust Consumer Spending. Shannon Stapleton/Reuters. nasdaq r/otcalerts KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G Shares Cross 6.5% Yield Mark . That means putting credit quality and risk management first in every decision. However, compared with the. U.S. stocks sunk Monday as investors digested the first releases in a week full of economic data and mulled what recent data could mean for Federal Reserve . Investors fear that the move below $5 -- while largely psychological -- could also cause. Bank of America sees AI transforming the internet over the next five yearstop stocks to ride trend Published Tue, Dec 6 202212:29 AM EST Michelle Fox @MFoxCNBC Share Already a subscriber?. This is likely due to Bank of America's tight credit standards: new account holders generally have credit scores in the mid-700s. BAC stressed at its Q3 2021 results call that the company's target is "to grow revenues faster than the economy and grow expenses at a rate of net 1%, maybe 2%", and emphasized that "we're really focused on is creating operating leverage.". Asia Value & Moat Stocks is a research service for value investors seeking Asia-listed stocks with a huge gap between price and intrinsic value, leaning towards deep value balance sheet bargains (i.e. It's about buying the best companies with the best operations, the best competitive advantages, and the best long-term prospects. Note: Why shouldn't you be too concerned about annual fluctuations? Netcials reports section helps you with deep insights into the performance of various assets over the years. Investors who owned stocks since 2016 generally experienced some big gains. Once you have picked a good stock with strong fundamentals you never have to worry about yearly fluctuations. Its owner is solely responsible for the websites content, offerings and level of security, so please refer to the websites posted privacy policy and terms of use. The Split Adjustment Factor is a cumulative factor which encapsulates all splits as of the date shown above. In the company's earnings press release, BAC noted that "a reserve release of $1.1 billion driven primarily by asset quality improvements" was a key growth driver in the recent quarter. At that time, I rated BAC's and WFC's shares as Neutral and Bullish, respectively. The average BANK OF AMERICA CORP stock forecast 2028 represents a 192.79% increase from the last price of $32.7400016784668. Moving forward, BAC should continue to return excess capital and reduce its share base via share repurchases for the foreseeable future. What happenedShares of Bank of America (NYSE: BAC) were down on Tuesday, falling as much as 6% during the trading day. BofA predicts a period of job losses and rising unemployment in 2023. Market Data powered by QuoteMedia. Furthermore, approximately 85% of deposit transactions in the third quarter of 2021 were executed via digital channels or automated teller machines/ATMs, rather than physical banking branches. Find many great new & used options and get the best deals for 1954 BANK OF CANADA QEII $5 **Beattie & Rasminsky** "O/X" (( EF )) at the best online prices at eBay! Separately, Bank of America has done a great job with controlling costs. Therefore, if you had invested 5 years ago in BAC, the best exit time would have been 2021. Uncover cheap stocks, great businesses listed in Asia focusing on HongKong. 3 to 5 years is a preferred term of investing for some. Getty Images. Over the last 30 days, the Zacks Consensus Estimate has . It is very likely that Bank of America will continue to grow in the near term. The consensus surrounding Bank of America stocks is that they will continue to rise. It has just lifted back to range. His purchases of Bank of America stock have increased his stake to 12.6% of the company. Bank of America's earnings per share fell to 73 cents, a 32% decline compared to the second quarter of 2021 due in part to a roughly $500 million provision for credit losses vs. a $1.6 billion benefit for the year before. 1 Warren Buffett ETF I'm Stocking Up On Before the End of 2022. Forecast target price for 12-15-2022: $ 31.06. . 4 min read. Despite the decline, the EPS beat analysts' forecast of 75 cents per share, according to CNBC. Bank of America Corporation ( BAC) stock has been range bound through most of 2019, oscillating between support in the mid-$20s and resistance at $30. Cost basis and return based on previous market day close. Bank of America is expected to achieve a decent earnings CAGR of +6.5% between fiscal 2022 and 2026, based on data sourced from Seeking Alpha's Earnings Estimates page. The returns generally vary year after year. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Besides assessing Bank of America's growth prospects in the near term, it is also important to evaluate the bank's outlook in the medium to long term as per the next section of my article. The bank's total deposits grew by +15% YoY to $1.9 trillion as of September 30, 2021. Assume a medium-term investor has put 10000$ in Bank of America Corporation (BAC) during the start of 2018. If you want to analyze the recent performance of Bank of America Corporation (BAC) stock, there are two reports to help you. Bank of America then went on a tear for the remainder of 2016, more than doubling off its lows to around $23 by the end of the year. Most websites would carry 5-year price charts plotted with daily prices. To find out, we asked three of the Motley Fool's top banking contributors. BAC's growth prospects in the short term are validated by the bank's Q3 2021 financial results which exceeded market expectations and the market's positive response to its recent financial performance. 11.95%. In the next five years, BAC should be able to. Related Link: Here's How Much Investing $1,000 In JPMorgan Stock 5 Years Ago Would Be Worth Today. Benzinga does not provide investment advice. Already, the company has largely righted the ship from the depths of the financial crisis, with only the laggard mortgage and consumer real estate division still reporting disappointing losses. Thus, in the words of its CFO, Bank of America "accretes capital on a pre-tax as opposed to an after-tax basis." In 1993, NationsBank (formerly NCNB, and originally North Carolina National Bank) bought MNC Financial (whose credit card division was spun off years earlier to become MBNA). With this in mind, it certainly looks possible that it could reach $50 per share by the end of 2021. Between Monday and Tuesday, shares of the North Carolina-based . The Bank Of America 52-week low stock price is 29.31, which is 9.5% below the current share price. Stocks are not fixed income securities. If you have an ad-blocker enabled you may be blocked from proceeding. That's a big jump from the 800,000 new cards issued in the second quarter of 2012. Samantha Subin. (For the last row in the table, the close price corresponds to the day till which we have the data.) Hence, the below chart tries to provide a balance by displaying weekly average prices. Looking for more investing ideas like this one? ET, Bank of America was down 5.5%, trading at $32.58. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. *Average returns of all recommendations since inception. Unfortunately, the investing world won't really know if Bank of America has truly remade itself until we endure another recession. Shares of M&T Bank Corp. slipped 0.60% to $160.35 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500. In a nutshell, Bank of America is a good long-term investment, as the bank has done well in the area of digitalization and there is room for an expansion in its P/B valuation multiple to bridge the gap with its peers. Average stock market return adjusted for inflation. Bank of America's share price rose by +6% in the past two weeks after the bank reported better-than-expected earnings for the third quarter. This website uses cookies to ensure you get the best experience on our website.View our privacy policy. Terms of Use. Looking at 5-year returns helps you get an idea of how the price and profit have moved year-after-year. The bank's credit card division has shown incredible expansion this year alone, thanks to the cross-selling of cards to current customers. Thereafter, sell-side analysts see Bank of America's earnings per share remaining stable at $0.78 in Q1 2022, prior to expanding by +4% QoQ to $0.81 in Q2 2022. Do not forget to leave your feedback. 2 Stocks Down 19% to 51% to Buy Right Now, Hardly any other company incites such strong, emotions from Main Street, while simultaneously delighting Wall Street, as, The bank's delivered a 194% return since 2012, which, Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Staff, Amanda Alix, Jay Jenkins, and Jordan Wathen, the lack of this culture that made Bank of America, Copyright, Trademark and Patent Information. One example of opportunities for cost efficiency improvement is in the area of technology and cloud. The Motley Fool owns shares of Bank of America. Bank of America's recent above-expectations Q3 2021 financial results and the marginal +0.3% growth in non-interest expenses for the recent quarter have changed my views of the stock. Now let us check how his money would have grown over the years. Below is a sample of data used for creating the above chart. We strive to provide you with information about products and services you might find interesting and useful. US stock futures rise early Thursday Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. 20 years (2001 to 2020) 7.45%. Oct 26, 2021 12:35 PM EDT. In hindsight, this was not the best decision. Chicago, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Automotive Lighting Market is estimated to be USD . Payments on the Notes will depend on the individual performance of the common stock of Deere & Company (the "Underlying Stock"). Year to date, Bank of America's ( NYSE: BAC) stock price is down by 19%. I last wrote about Bank of America in an article published on April 28, 2021, where I did a comparison of BAC and Wells Fargo (WFC). Bank of America Corporation (BAC) Stock 5 Year Return Gains Of BAC Investor At Different Exit Points Within 5 Years BAC 5 year performance against the stock market BAC Stock Returns During 10 Biggest Volume Days 1 Bank of America Corporation (BAC) 5 Years Chart - Monthly Most websites would carry 5-year price charts plotted with daily prices. Those who understand the pendulum's behavior can benefit enormously. 2022 Benzinga.com. Notably, the loan-to-deposit ratio for US banks in aggregate was above 70% in 2018 and 2019. More interestingly, we will check the best year-end exit time among all the 5 years. So, Is Bank of America Stock a Good Buy? Is this happening to you frequently? Jul 22, 2021 02:17PM EDT In trading on Thursday, shares of Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series 5 (Symbol: BML.PRL) were yielding above the 4% mark. Get them exclusively at Asia Value & Moat Stocks. I have no business relationship with any company whose stock is mentioned in this article. Bank of America (BAC) Stock Bank of America, the second-largest U.S. bank by assets, generated NII of $13.8 billion (up 24%) in Q3 and surpassed the Street's revenue and earnings estimates. 250 years of history is telling investors to bet on Treasury bonds in 2023, Bank of America says Last Updated: Oct. 29, 2022 at 8:15 a.m. Trefis estimates. That should attract investor interest back to a stock that has been hated for the better half of a decade. I have no business relationship with any company whose stock is mentioned in this article. Below is a table of contents to help you navigate the 5-year performance report. Bank of America In 2021, Beyond: Bank of America shares broke out to the upside again in the closing months of 2019, surging to new highs of $35.72 before the COVID-19 sell-off pushed the stock back down to $17.95 in early 2020. Volume has increased on the last day along with the price, which is a positive . Bank of America is trading at $28 per share. The reason is simple. . BAC has noted at the bank's third-quarter earnings briefing that "if deposits do decline, it will probably be many quarters, a couple of years maybe, after QE (Quantitative Easing) ends" and guided that "we expect deposit growth to continue." As of 2:45 p.m. The average twelve-month price prediction for Bank of America is $44.15 with a high price target of $64.00 and a low price target of $33.00. Bank of America is expected to post earnings of $0.81 per share for the current quarter, representing a year-over-year change of -21.4%. Bank of America shares shed 5%, while SVB Financial Group tumbled more than 3%. 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Getting started should brace themselves for a time around 5 years Ago would be profitable if for! Into account the positive five-year outlook for the Bank of America exchanges ) equity!