Bank of America Corporation – Consensus indicates 6.1% upside potential

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Bank of America Corporation with ticker code (BAC) now have 23 total analysts covering the stock. The consensus rating is “Buy”. The range between the high target price and the low target price is between 50 and 35 with an average TP of 43. Now, with the previous close price of 40.53, this would indicate that there is an upside potential of 6 .1%. The 50 day moving average is at 38.97 and the 200 moving average now moves to 32.38. The company has a market cap of $347,057 million. You can visit the company’s website by visiting: 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 worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, interest-free and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages and home equity loans, as well as direct and indirect loans, such as car 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 specialist asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, commercial real estate and asset-based loans; treasury solutions, such as cash management, foreign exchange, short-term investment options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, as well as merger-related and other advisory services. The Company’s Global Markets segment offers market making, funding, securities clearing, settlement and custody services, as well as risk management products using interest rate, equity, credit, currencies and commodities, foreign exchange, fixed income and mortgages. Related products. As of April 15, 2021, it served approximately 66 million consumer and small business customers with approximately 4,300 retail financial centers; approximately 17,000 ATMs; and digital banking platforms with approximately 40 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.

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