Bank of America Corporation – Consensus Says Potential -2.7% Drop

Bank of America Corporation with the stock code (BAC) now have 23 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price is between 45 and 30 and has an average target of 38.42. With the stock’s previous close at 39.49, this indicates that there is a potential downside of -2.7%. There is a 50-day moving average of 36.86 and the 200-day moving average is 30.15. The company’s market capitalization is $ 344,745 million. Company website: 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-bearing 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 personal loans for automobiles, recreational vehicles and consumers. The Company’s Global Wealth & Investment Management segment offers investment management, brokerage, banking and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialized asset management services. Its World Bank segment provides lending products and services, including commercial loans, leases, commitment facilities, commercial finance, and commercial and asset-based real estate loans; treasury solutions, such as cash management, foreign exchange and short-term investment options, and merchant services; working capital management solutions; and underwriting and distribution of debt and equity securities, as well as merger-related 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, fixed income securities and mortgages. Related products. As of December 31, 2020, it served approximately 66 million individual and small business customers with approximately 4,300 retail financial centers; around 17,000 ATMs; and digital banking platforms with around 39 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.

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