Zacks Rating on Bank of America Corporation (BAC)

Bank of America Corporation (BAC) : The consensus on Bank of America Corporation (BAC) based on 19 analyst recommendation on the company stock is 1.68, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Bank of America Corporation (BAC) : 15 investment research analysts covering Bank of America Corporation (BAC) have an average price target of $17.57 for the near short term. The highest target price given by the Brokerage Firm to the stock is $20 and the lowest target is $15 for the short term. Analysts expect the variance to be within $1.66 of the average price.


Shares of Bank of America Corporation rose by 1.19% in the last five trading days and 6.82% for the last 4 weeks. Bank of America Corporation is up 4.92% in the last 3-month period. Year-to-Date the stock performance stands at -8.14%. Bank of America Corporation (NYSE:BAC): stock turned positive on Tuesday. Though the stock opened at $15.26, the bulls momentum made the stock top out at $15.41 level for the day. The stock recorded a low of $15.26 and closed the trading day at $15.35, in the green by 1.12%. The total traded volume for the day was 67,798,132. The stock had closed at $15.18 in the previous days trading.

Bank of America Corporation 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, 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 nonbank subsidiaries, it provides a range of banking and nonbank financial services and products. It operates in five segments: Consumer & Business Banking, which offers a range of credit, banking and investment products and services to consumers and businesses; Consumer Real Estate Services, which provides a line of consumer real estate products and services; Global Wealth & Investment Management, which provides wealth management solutions; Global Banking, which provides a range of lending-related products and services, and Global Markets, which offers sales and trading services.

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