Fintel reports that on April 7, 2025, Morgan Stanley upgraded their outlook for Bank of America (BIT:1BAC) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 50.61% Upside
As of April 3, 2025, the average one-year price target for Bank of America is €46.65/share. The forecasts range from a low of €30.82 to a high of €55.77. The average price target represents an increase of 50.61% from its latest reported closing price of €30.98 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bank of America is 104,988MM, an increase of 9.29%. The projected annual non-GAAP EPS is 3.47.
What is the Fund Sentiment?
There are 4,628 funds or institutions reporting positions in Bank of America. This is an increase of 342 owner(s) or 7.98% in the last quarter. Average portfolio weight of all funds dedicated to 1BAC is 0.70%, an increase of 96.01%. Total shares owned by institutions increased in the last three months by 3.85% to 6,434,101K shares.
What are Other Shareholders Doing?
Berkshire Hathaway holds 680,234K shares representing 8.95% ownership of the company. In its prior filing, the firm reported owning 797,683K shares , representing a decrease of 17.27%. The firm decreased its portfolio allocation in 1BAC by 5.83% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 216,279K shares representing 2.84% ownership of the company. In its prior filing, the firm reported owning 221,362K shares , representing a decrease of 2.35%. The firm increased its portfolio allocation in 1BAC by 6.65% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 180,696K shares representing 2.38% ownership of the company. In its prior filing, the firm reported owning 176,813K shares , representing an increase of 2.15%. The firm increased its portfolio allocation in 1BAC by 7.09% over the last quarter.
Jpmorgan Chase holds 169,884K shares representing 2.23% ownership of the company. In its prior filing, the firm reported owning 149,404K shares , representing an increase of 12.06%. The firm increased its portfolio allocation in 1BAC by 23.41% over the last quarter.
Geode Capital Management holds 142,289K shares representing 1.87% ownership of the company. In its prior filing, the firm reported owning 140,256K shares , representing an increase of 1.43%. The firm increased its portfolio allocation in 1BAC by 7.70% over the last quarter.
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