Fintel reports that on November 8, 2024, Citigroup upgraded their outlook for Bank of America (XTRA:NCB) from Neutral to Buy.
Analyst Price Forecast Suggests 4.19% Upside
As of October 22, 2024, the average one-year price target for Bank of America is 43,20 €/share. The forecasts range from a low of 36,26 € to a high of 51,23 €. The average price target represents an increase of 4.19% from its latest reported closing price of 41,46 € / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bank of America is 104,156MM, an increase of 10.07%. The projected annual non-GAAP EPS is 3.72.
What is the Fund Sentiment?
There are 4,247 funds or institutions reporting positions in Bank of America. This is an increase of 50 owner(s) or 1.19% in the last quarter. Average portfolio weight of all funds dedicated to NCB is 0.66%, an increase of 4.53%. Total shares owned by institutions increased in the last three months by 3.83% to 6,304,416K shares.
What are Other Shareholders Doing?
Berkshire Hathaway holds 1,032,852K shares representing 13.46% ownership of the company. No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 209,897K shares representing 2.74% ownership of the company. In its prior filing, the firm reported owning 210,263K shares , representing a decrease of 0.17%. The firm increased its portfolio allocation in NCB by 1.81% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 174,622K shares representing 2.28% ownership of the company. In its prior filing, the firm reported owning 173,507K shares , representing an increase of 0.64%. The firm decreased its portfolio allocation in NCB by 0.08% over the last quarter.
Jpmorgan Chase holds 149,404K shares representing 1.95% ownership of the company. In its prior filing, the firm reported owning 147,816K shares , representing an increase of 1.06%. The firm decreased its portfolio allocation in NCB by 93.70% over the last quarter.
Geode Capital Management holds 138,556K shares representing 1.81% ownership of the company. In its prior filing, the firm reported owning 137,026K shares , representing an increase of 1.10%. The firm increased its portfolio allocation in NCB by 0.63% over the last quarter.
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