Bank of America Corporation – Consensus Says Potential 2.7% Rise

Bank of America Corporation with ticker code (BAC) now have 25 total analysts covering the stock. The consensus rating is “Buy”. The target price ranges between 60 and 35 with an average TP of 47.58. Now, with the previous closing price of 46.32, that would indicate there is a potential upside of 2.7%. There is a 50 day moving average of 44.8 while the 200 day moving average is 40.83. The company has a market capitalization of $ 371,557 million. For more information, visit: http://www.bankofamerica.com

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services to individuals, small and medium-sized businesses, institutional investors, large corporations and governments around the world. Its Consumer Banking segment offers traditional savings and money market accounts, certificates of deposit and IRAs, interest-free and interest-free checking accounts, as well as investment accounts and products; and credit and debit cards, residential mortgages and home equity loans, as well as direct and indirect loans, such as auto loans, recreational vehicles, and personal consumer loans. The Company’s Global Wealth & Investment Management segment offers investment management, brokerage, banking, trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialized asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, commercial finance, commercial real estate loans and lending on assets; treasury solutions, such as cash management, foreign exchange, short-term investment options and merchant services; working capital management solutions; and underwriting and distribution of debt and equity securities, and merger and other advisory services. The Company’s Global Markets segment provides market making, financing, securities clearing, settlement and custody services, as well as risk management products using interest rate derivatives, equity, credit, foreign exchange and commodities, foreign exchange rates, fixed income securities and mortgages. Related products. As of April 15, 2021, it served approximately 66 million personal and small business customers with approximately 4,300 retail financial centers; around 17,000 ATMs; and digital banking platforms with around 40 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.

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