Stock ticker :
NYSE
BAC
AS OF
Jan 19, closing price
Price
$46.45
Change
+$0.09 (+0.19%)
Capitalization
$380.1b
BAC
Stock ticker :
NYSE
88 days until earnings call
Intraday data for
Jan 19, closing price
Price
$46.45
Change
+$0.09 (+0.19%)
Capitalization
$380.1b

(BAC) Stock Forecast and AI Recommendations

a major bank
Industry MajorBanks

Bank of America Corp (BAC) Stock Stock Prediciton and Price Targets

Stock market charts, price targets, analyst ratings and a financial calendar
a major bank
Industry MajorBanks
A.I.dvisor published
a Summary for BAC with price predictions.
4:00 PM EST Jan 19

BAC sees MACD Histogram crosses below signal line

BAC saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on January 19, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In 29 of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 64%.

Stock Forecast, Price, News, Quote

Current price $46.45 crossed the resistance line at $46.51 and is trading between $46.51 resistance and $39.85 support lines. Throughout the month of 12/16/21 - 01/19/22, the price experienced a +3% Uptrend, while the week of 01/11/22 - 01/19/22 shows a -6% Downtrend.

Technical Analysis (Indicators)
Bearish Trend Analysis

The 10-day RSI Indicator for BAC moved out of overbought territory on January 12, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 52 similar instances where the indicator moved out of overbought territory. In 25 of the 52 cases, the stock moved lower in the following days. This puts the odds of a move lower at 48%.

The Momentum Indicator moved below the 0 level on January 19, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on BAC as a result. In 50 of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 62%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BAC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 54%.

BAC broke above its upper Bollinger Band on January 07, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Indicator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

BAC moved above its 50-day Moving Average on January 03, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day Moving Average for BAC crossed bullishly above the 50-day moving average on January 07, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In 7 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 50%.

Following a +4.24% 3-day Advance, the price is estimated to grow further. Considering data from situations where BAC advanced for three days, in 190 of 321 cases, the price rose further within the following month. The odds of a continued upward trend are 59%.

The Aroon Indicator entered an Uptrend today. In 150 of 282 cases where BAC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 53%.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of 83 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.526) is normal, around the industry mean (1.293). P/E Ratio (13.908) is within average values for comparable stocks, (21.328). Projected Growth (PEG Ratio) (1.016) is also within normal values, averaging (1.377). BAC has a moderately low Dividend Yield (0.017) as compared to the industry average of (0.040). P/S Ratio (4.649) is also within normal values, averaging (3.611).

The Tickeron PE Growth Rating for this company is 62 (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is 39 (best 1 - 100 worst), indicating steady price growth. BAC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 19 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 76, placing this stock better than average.

The Tickeron SMR rating for this company is 2 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

A.I.dvisor published
Bank of America Corp Earnings Data

BAC is expected to report earnings to fall 7.16% to 76 cents per share on April 18

Bank of America Corp BAC Stock Earnings Report
Q1'22
Est.
$0.76
Q4'21
Beat
by $0.05
Q3'21
Beat
by $0.14
Q2'21
Beat
by $0.26
Q1'21
Beat
by $0.20
The last earnings report on January 19 showed earnings per share of 81 cents, beating the estimate of 76 cents. With 83.78M shares outstanding, the current market capitalization sits at 380.07B.
A.I.dvisor found
Bank of America Corp Dividends
BAC paid dividends on December 31, 2021
Bank of America Corp BAC Stock Dividends
А dividend of $0.21 per share was paid with a record date of December 31, 2021, and an ex-dividend date of December 02, 2021. The ex-dividend date is usually set several business days before the record date. If a stock is purchased on its ex-dividend date or after, the next dividend payment will not be received. Instead, the dividends are repossessed by to the seller. If the stocks are purchased before the ex-dividend date, the buyer will receive the dividends.
A.I.dvisor
published General Information

General Information

Profile
Fundamentals
Details
Industry Major Banks
Address 100 North Tryon Street, Charlotte, NC, 28255
Phone +1 704 386-5681
Employees 213000
Web https://www.bankofamerica.com
BAC

Select Stock attributes to show

Capitalization 380B
P/E Ratio 13.91
Risk (Beta) 1.54
Dividend Yield 0.02
Total Cash N/A
Total Cash/Share N/A
Total Debt 299B
Total Debt/Equity N/A
Projected Growth (PEG Ratio) 1.02
Revenue/Share (as % of the share price) 10%
Revenue 87.2B
ROE N/A
Book Value 249B
P/B Ratio 1.53
Cash Flow N/A
Earnings 3.360
Average Daily Volume YTD N/A
Common Shares Outstanding - Security Level 69.6B
Current Ratio N/A
Current Revenue Per Employee 108,928.23
Dividends Per Share - Security 0.21
EBITDA N/A
Float N/A
Float - Current N/A
Gross Income Margin N/A
Revenue To Assets 1.00
Shares Held By Institutions 1.659T
Shares Outstanding - Current N/A
Total Liabilities 2.813T
Total Volume MTD N/A
Value Under
Gain YTD 4.383
Group Domestic Stock Funds
Category Banks
Total Expense Ratio
Min. Initial Investment 0.00 USD
Fund Existence
Turnover
Front Load
Net Assets 0.00 USD
Manager Tenure
Group Domestic Stock Funds
Category Banks
Capitalization 380.07b USD
P/E Ratio 13.908206
Total Cash N/A
Projected Growth 1.02
Total Debt 298.90b USD
Revenue 87.15b USD
Risk (Beta) 1.54
Dividend Yield 0.02
Total Cash/Share N/A
Total Debt/Equity N/A
Revenue/Share 10.00USD as % of share price
Group Domestic Stock Funds
Category Banks
Net Assets 0.00 USD
Fund Existence
Turnover
Capitalization
Yield
Total Expense Ratio
Investment Style
Risk (Beta)
Group Domestic Stock Funds
Category Banks
Market Capitalization 0.00 USD
Volume 0.00 USD