What Analysts Think of Bank of America Stock Ahead of Earnings [Video]

Bank of America (BAC) is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits.

Analysts like the bank’s stock, with 11 of the 12 analysts tracked by Visible Alpha giving it a “buy” or equivalent rating, with just one “hold” rating. Their average price target of about $52 suggests a nearly 16% premium from the stock’s closing price Monday.

Bank of America is expected to report net interest income of $14.18 billion for the final quarter of 2024, with revenue projected to come in at $24.95 billion, showing year-over-year growth.

Meanwhile, net income is projected to come in at $6.28 billion, nearly doubling from the year before, when Bank of America and other big banks recorded billions of dollars in expenses related to a special assessment from the Federal Deposit Insurance Corporation.

The results come after Bank of America beat estimatesin each …