Bank of America Stock Forecast and Prediction for 2024–2035
The Bank of America Corporation is headquartered in North Carolina, USA. It was established in 1904 as a financial services company. It stands as the largest U. S. banking institution and also it is the second-largest bank in the world based on market capitalization. It is also the 4th largest bank in America and those are the reasons why it is called the Bank of America.
The bank is a mobilizer of savings and in turn, channels them to the sectors which need it the most. It operates through three key principles, which are retail banking, global wealth and invested management (GWIM), global banking, global markets, and others.
It should be noted that Bank of America’s assigned stock has been up and down as of late. In 2021, stock prices recorded gains securely backed by economic revival profit maximization, and performance. On the contrary, in 2022 the company shares experienced uncertainty among the investors and the rising interest rates of the other nations. A possible dilemma the bank’s stock partially recovered by the end of 2023, mainly based on solid earnings reports. After reviewing the ups and downs of Bank of America stock through challenging times the conclusion is that Bank of America stock has shown the ability to endure through any market environment.
BAC has delivered a total return of 41.88% in the last 12 months. And if we analyze this year then it is 17.51%. If we talk about the 5-year return of the stock, it is 56.55%, which means that if you had invested $100 in Bank of America Corporation stock 5 years ago, its price today would have been $156.55. Please note that total returns include price appreciation and reinvestment of any dividends paid. Now it remains to be seen how the stock performs in the coming years.
This post explains Bank of America Corporation stock predictions for tomorrow, next week, and the coming years and will help you understand whether this stock can prove to be a better option for long-term investment. In addition, this page also presents fundamental analysis and current charts of Bank of America Corporation.
On this page, you will find information about the company’s current stock price, live charts, and updated and new forecasts for short- and long-term intervals:
- Stock price information is updated every minute.
- Technical indicator data is updated based on a specific time frame.
- Financial reporting data is updated quarterly.
- Stock charts are updated every minute.
Bank of America stock forecast prices in tables are updated automatically depending on how the current asset price changes.
Bank of America (BAC) Stock Financials Data
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Technical Analysis of Bank of America (BAC) Based on Indicators
You can use Bank of America indicator-based technical analysis to find better entry points into the market. For Technical Analysis for BAC, you can adjust the time frame as per your wish to find the best analysis.
Indicator-based technical analysis of BAC signals is classified into different categories to help you understand what is going on here.
- “Sell” or “Strong Sell” means that most signals are bearish.
- “Buy” or “Strong Buy” means that most signals are bullish.
While making your selection, keep in mind that signals may vary in different time frames. For short-term signals, it is recommended to use settings in the range of 15 minutes to 2 hours. If you want to hold Bank of America stock for longer than a week, you should use settings ranging from days to weeks.
Bank of America Stock Forecast for Tomorrow and Next Week Based on The Last 30 Days
Tomorrow’s forecast for Bank of America stock is $39.54. Next week, Bank of America’s stock price is expected to reach $40.55, an increase of 2.54%.
| Date | Weekday | Min | Max | Stock Price |
|---|---|---|---|---|
| 15-May | Thursday | $ 41.69 | $ 49.05 | $ 45.37 |
| 16-May | Friday | $ 43.29 | $ 50.82 | $ 47.06 |
| 19-May | Monday | $ 43.66 | $ 51.30 | $ 47.48 |
| 20-May | Tuesday | $ 44.27 | $ 52.25 | $ 48.26 |
| 21-May | Wednesday | $ 44.67 | $ 51.95 | $ 48.31 |
| 22-May | Thursday | $ 43.99 | $ 51.72 | $ 47.86 |
| 23-May | Friday | $ 44.26 | $ 52.46 | $ 48.36 |
| 26-May | Monday | $ 45.43 | $ 52.85 | $ 49.14 |
| 27-May | Tuesday | $ 45.70 | $ 53.93 | $ 49.82 |
| 28-May | Wednesday | $ 45.23 | $ 53.61 | $ 49.42 |
| 29-May | Thursday | $ 45.47 | $ 53.93 | $ 49.70 |
| 30-May | Friday | $ 45.70 | $ 54.25 | $ 49.98 |
| 2-Jun | Monday | $ 45.91 | $ 54.30 | $ 50.11 |
| 3-Jun | Tuesday | $ 47.15 | $ 55.29 | $ 51.22 |
| 4-Jun | Wednesday | $ 47.68 | $ 55.71 | $ 51.70 |
| 5-Jun | Thursday | $ 49.71 | $ 58.35 | $ 54.03 |
| 6-Jun | Friday | $ 48.45 | $ 57.60 | $ 53.03 |
| 9-Jun | Monday | $ 48.32 | $ 57.23 | $ 52.78 |
| 10-Jun | Tuesday | $ 49.15 | $ 58.20 | $ 53.68 |
| 11-Jun | Wednesday | $ 48.85 | $ 56.71 | $ 52.78 |
| 12-Jun | Thursday | $ 51.14 | $ 59.18 | $ 55.16 |
| 13-Jun | Friday | $ 50.84 | $ 59.78 | $ 55.31 |
| 16-Jun | Monday | $ 50.97 | $ 59.63 | $ 55.30 |
| 17-Jun | Tuesday | $ 49.35 | $ 57.35 | $ 53.35 |
Long-Term Bank of America Stock Price Forecast 2024–2035
As far as the long-term Bank of America stock forecast is concerned, the BAC forecast for 2025 is currently $61, for 2030 it is $114, and for 2035 it is $175. Here, we assume that Bank of America shares will continue to grow at the average annual rate over the last 10 years.
| Year | Mid-Year | Year-End | Change |
|---|---|---|---|
| 2025 | $ 49.27 | $ 53.23 | 18% |
| 2026 | $ 53.36 | $ 65.99 | 46% |
| 2027 | $ 68.65 | $ 71.75 | 59% |
| 2028 | $ 76.65 | $ 80.06 | 77% |
| 2029 | $ 88.17 | $ 93.65 | 107% |
| 2030 | $ 92.48 | $ 95.27 | 111% |
| 2031 | $ 99.33 | $ 104.13 | 130% |
| 2032 | $ 111.01 | $ 117.97 | 161% |
| 2033 | $ 122.01 | $ 129.15 | 186% |
| 2034 | $ 132.38 | $ 136.72 | 202% |
| 2035 | $ 139.17 | $ 144.74 | 220% |
| 2036 | $ 151.44 | $ 163.28 | 261% |
Bank of America (BAC) Chart Online
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Main Factors That Affect Bank of America Stock Price
Several key factors influence the stock price of Bank of America:
- Economic Conditions: The field of banks occupies the central place in the economy of the country. The shifts in the economic cycle from growth to recession always lead to fluctuations in stocks including the shares of Bank of America depending on the loan demand, credit quality, and overall profitability.
- Interest Rates: The Federal Reserve’s setting of interest rates directly affects the change in the bank’s net interest margin (which is a difference between two interest rates — the interest income of the bank for its loans and the interest paid that it pays to its depositors).
- Regulatory Environment: Regulatory space, where capital standards and compliance costs are concerned, can influence both operational cost and profitability, which results in the movement of the stock price.
- Financial Performance: Investor’s attentions are focused on whatever the quarterly earnings reports issuing, year-to-year revenue growth and profitability metrics may bring. Stronger financial returns and sustainable returns mostly are reflected in the increase in a bank’s share price.
- Market Sentiment: In general, concomitant market sentiment including investor confidence and stock market performance are important factors that impact stock price. Happenings however which include political turbulence or financial crisis could lead to a major jump in the markets.
- Credit Quality: As bankruptcies increased during the recession and piled-up problem loans were becoming more difficult to repay, these are the factors that could have a crucial impact on the bank’s loan portfolio and the level of non-performing assets. A rise in defaults on bad loans can lead banks to write off some of them to cope with the losses; it will leave the share prices of banks under pressure.
Bank of America Stock Prediction: Conclusion
Our stock forecast analysis shows the current stock price of Bank of America as one of the positive trends. However, as we previously reported, it is one of America’s largest banks that is now typically the subject of investors’ demands for shares, resulting in a rise in BAC’s price. Given its solid financial performance, Bank of America Corporation’s stock (BAC) is a sound investment for 2024 and beyond.
Frequently Asked Questions (FAQs)
What’s the Bank of America stock price prediction for tomorrow?
The Bank of America stock price prediction for tomorrow is $ 39.54, based on the current market trends.
What’s the Bank of America stock price prediction for next week?
The Bank of America stock price prediction for next week is $ 40.55, which would represent a 2.54% increase in the BAC stock price.
What is the Bank of America stock prediction for 2025?
According to our Bank of America stock prediction for 2025, BAC stock will be priced at $ 61 in 2025. This forecast is based on the stock’s average growth over the past 10 years.
What is Bank of America stock projected to be worth in 5 years?
As per the estimated stock price, the Bank of America stock price could reach $102 in the next 5 years.
How much will Bank of America stock be worth in 2030?
In 2030, the Bank of America stock will reach $ 114 if it maintains its current 10-year average growth rate. If this Bank of America stock prediction for 2030 materializes, BAC stock will grow 188% from its current price.
What is Bank of America stock projected to be worth in 10 years?
According to the estimated stock price, the Bank of America stock price could reach $156 in the next 10 years.
Price Prediction Methodology
The following tools are used to make predictions:
- Technical analysis is the basic tool. This involves studying price charts and using indicators to forecast future price movements. The analysis was mostly done on medium- and long-term time frames for more accurate results.
- The likelihood, kind, and strength of a fundamental element that could affect the price are all assessed with the use of statistical methods.
- Predictive modeling uses statistical algorithms to forecast future prices based on historical data.
- Forecasts are based on consensus and expert opinion.
This article is for informational purposes only and does not constitute investment advice. Be aware of the high volatility of stock market and consider their risks when making investment decisions.
