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The current Bank of America, N.A. prime rate is 8.50% (rate effective as of July 27, 2023).
The 2008 financial crisis had a devastating impact on Bank of America . Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from a high of $21 billion in 2006, to just $4 billion in 2008.
Bank of America stock price stood at $26.07 ing to the latest long-term forecast, Bank of America price will hit $30 by the end of 2025 and then $35 by the middle of 2026. Bank of America will rise to $40 within the year of 2027, $45 in 2028, $50 in 2030, $55 in 2032 and $60 in 2034.
Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 41 buy ratings, 18 hold ratings, and 7 sell ratings.
Bank of America shares traded for less than $10 for most of the first half of 2009 and even dipped back below $5 in late 2011. In short, there were plenty of opportunities for long-term investors in this era.
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Stock Price Forecast The 23 analysts offering 12-month price forecasts for Bank of America Corp have a median target of 33.00, with a high estimate of 48.00 and a low estimate of 27.10. The median estimate represents a +26.58% increase from the last price of 26.07.
Is Bank of America stock a Buy, Sell or Hold? Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 41 buy ratings, 18 hold ratings, and 7 sell ratings.
The returns on equity and tangible book value are satisfactory. The revenue and earnings figures give us a 29.3% net margin, which is very high. Seeking Alphas numbers for the entire trailing 12-month (TTM) period are similar. So, Bank of America is a very profitable company.

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