Key Highlights:
- Bank of America (BAC, Financial) offers a stable dividend yield of 2.68% with a $0.26 per share payout.
- Analyst consensus targets a potential 21.84% upside for BAC, projecting a price of $47.21.
- The current "Outperform" rating reflects positive sentiment among brokerage firms.
Bank of America (BAC) has declared a quarterly dividend of $0.26 per share, which translates to a yield of 2.68%. This consistent dividend positions the bank as a reliable income-generating investment. Shareholders who are on record by June 6 will receive this dividend on June 27, with the ex-dividend date marking the same day as the record date.
Wall Street Analysts Forecast
According to insights from 23 analysts, Bank of America Corp (BAC, Financial) is poised for growth with an average price target of $47.21 over the next year. This target price forecasts a notable upside of 21.84% from the current trading price of $38.75. Of note, the highest estimate places BAC at $57.00, while the lowest is $33.90. For a more comprehensive analysis, visit the Bank of America Corp (BAC) Forecast page.
The stock maintains a favorable market stance, with the consensus recommendation from 25 brokerage firms averaging at 1.9. This "Outperform" status on a 1 to 5 scale, where 1 indicates a Strong Buy, underscores the positive outlook among analysts.
Delving into GuruFocus metrics, the projected GF Value for Bank of America Corp (BAC, Financial) in the coming year stands at $43.37. This suggests an intrinsic value increase of 11.92% from the current price point of $38.75. The GF Value is meticulously calculated considering the historical trading multiples, the company's past growth trajectory, and forecasted performance projections. For further insights, head over to the Bank of America Corp (BAC) Summary page.
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