Like most banks in 2021, bank of America stock has been quite bullish in the past year.
What are the current bank of America stock predictions for the years to come?
Plus, find out how I use my short-term bac stock forecast to generate some high profits.
Table of Contents
Bank of America Stock Predictions | Price History
Bank of America is one of the oldest financial institutions in the Unites States.
It provides banking services to 66 million retail and small businesses across 4300 centers.
Should you ask many investors about Bank of America stock, I am pretty sure the first thing you will learn is that this stock provide a steady consistent income.
Here is a table summary of Bank of America increasing dividend payout.
|YEAR||Dividend per Share|
|2020||0.72 USD (2.38%)|
|2019||0.66 USD ( 1.87%)|
|2018||0.54 USD ( 2.19%)|
|2017||0.39USD ( 1.32%)|
|2016||0.25 USD ( 1.13%)|
Bank of America Stock Price Analysis
Between 2016 and2021, Bank of America stock price has gone from $11 to $45.
That is an impressive 300% return over this short period.
With the increase in Dividend provided earlier, shareholders of bank of America stocks donot have much to complaint about.
In fact, with such an enticing return on investment, many BAC investors may wonder what in store for Bank of America future forecast.
Bank of America Shareholders
Aside from small retail investors like you and me, BAC stock is held by the biggest institutions out there.
Granted, the free float still represents the Lionshare with 72.5 % of the stocks in circulation today.
However, if you are holding a stock MR Warren Buffet and Berkshire Hathaway Inc deem worthy of investing in, you ought to be feeling quite good about your decision.
Here is a quick summary of Bank of America main Shareholders as of end of 2021.
|Institutions||%Bank Of America Shares Owned|
|Warren Buffet / Berkshire Hathaway||12%|
|The Vanguard Group||7.1%|
|Bank of America Corporation||2.4%|
If you are not familiar with BlackRock, Inc on the above list of big institutions, you should check it out further because this is the single biggest holder of world fortune today!
BAC Stock Forecast | Analysts Ratings
Bank of America stock has 28 analysts who have provided ratings for this company recently.
Even though the overall rating is a buy, their opinions tend to differ a bit.
Bank of America Stock Ratings
Below is the full summary of BAC stock ratings:
The overall recommendation of a Buy should not undermine the fact that some analysts of Bank of America stock are forecasting it as an under performer.
Even at 10% that number is certainly worth paying attention to.
Bank of America Stock Price Target
The forecasted price target of Bank of America stock has a range of 71%.
This is quite large from a low of $35 to a high of $60.
|Highest Forecasted Price||$ 60.0|
|Lowest Forecasted Price||$ 35.0|
With a current price of $45 which is very close to the 52-week high for BAC stock price, it may be quite risky to start building a heavy position on this stock.
Let’s take a further scrutiny to these BAC stock predictions through the lenses of the positions cost distribution.
Bank of America Stock Positions Cost Distribution
The volume distribution for Bank of America stock shows that the average price is just shy of $42.
This means that BAC stock is currently trading about 10% higher than its average volume price.
One could argue that after its most recent earnings, BAC stock traded above $48 for a short while.
However, the stock could not sustain that post Earnings rally and came back down below major moving averages mainly daily EMA8 and EMA20.
The recommendation for Bank of America stock price based on its current forecasts is to wait for the stock to re-test the average cost distribution price.
Short-Term Bank of America Stock Forecast
In the meantime, one can find a way to take advantage of shorter terms forecast.
Better known as volatility, you can generate decent profit by trading BAC options.
One major advantage is the low cost of BAC options.
A 3-4% move on the underlying BAC stock can easily yield profit of 300%-400%.
Big Profit Forecast on BAC Stock
Here a view of BAC options chain for this past week with Dec 3 expiration.
At the close of the Friday November 27 trading session, BAC stock price was down -3.9%.
The following week option expiration paid quite nicely as shown below for several out of the money contracts.
If you are new to options trading, I can teach you how to take advantage of these short-term volatility in BAC stock and many others.
Alternatives to Bank of America Stock Predictions
Bank of America stock is part of the Bank ETF: XLF.
why is this significant?
Because these are Always multiple DarkPool prints on this financial Exchange Traded fund.
You and I have a great opportunity to benefit from this knowledge quite regularly.
By the way, Darkpool prints are a very good way to forecast price movement for many stocks.
If not BAC, other banks stocks trade similar to BAC stock price.
Other Banks Stocks Forecasts
The first alternative to BAC stock price short term movement that Darkpool prints can forecast is Citibank stock (Ticker: C).
Here is a recent video how we leveraged that information to generate massive profit.
Another example within the XLF ETF is Well Fargo stock(Ticker: WFC).
We have traded BAC stock and WFC stock options for 1000% profit from 10 cents to$1.0
You too can leverage my short-term forecasts on BAC, WFC, Citi and many others stocks for big profits as depicted in the slide below.
This is part of my 10-Baggers Trading System you can start enjoying today.
FINAL THOUGHTS on BAC Stock Analysis
I shared Bank of America stock price predictions using analysts’ ratings as well as the current positions cost distribution.
Though BAC is a sold performing company with an increasing dividend, it may be a bit too premature at its current price to start building a long-term position.
One attractive alternative is to leverage our short-term forecast of BAC Stock price for big profit.