On a consensus basis, Wall Street sell-side analysts have a mean target price of $18.61 for Bank of America Corp (NYSE:BAC). This number is based on the mean estimate from the 14 research firms that recently issued reports on the company.The most recent price target update was made on 2015-01-30.
According to analysts, Bank of America Corp is expected to report earnings per share for the next fiscal quarter of $0.3. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2014-12-31 of $0.32 for the most recent quarter.
The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock is ranked 2.22 based on 14 sell-side broker recommendations. Of the 14 analyst estimates, the most bullish sees the stock reaching $21 within the next 12 months while the most bearish analyst sees the stock at $15 within the year. There are currently 0 analysts who have recently rated the stock as a buying opportunity.
In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $1.4 . The high end estimate for this time frame is $1.57 with the low being $1.21. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 8%, based on 2 analysts providing projections.
Bank of America Corp (NYSE:BAC) is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, institutional investors, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking and various nonbanking subsidiaries throughout the United States and in international markets, Bank of America provides a range of banking and nonbanking financial services and products through five business segments: Consumer & Business Banking (CBB), Consumer Real Estate Services (CRES), Global Wealth & Investment Management (GWIM), Global Banking and Global Markets and remaining operations are included in All Others. The Company’s franchise network includes approximately 5,100 banking centers, 16,300 ATMs, nationwide call centers, and online and mobile platforms.