Institutional sentiment on BAC stock forecast has improved following regulatory clarity around capital requirements. JPMorgan and Goldman Sachs research teams have revised their target price range to $40–$44, indicative of confidence in earnings sustainability. In the second quarter , the Anglo-Dutch oil major reported a 32% fall in adjusted earnings year-on-year to $4.3bn. However, this topped expectations of $3.74bn, according to consensus estimates provided by Vara Research. Currently, most analysts are bullish on JPM stock. The stock features a Moderate Buy consensus rating based on 12 Buy and seven Hold ratings assigned in the past three months. No analyst rates the stock a sell. JPM’s average stock price target of $268.24 implies less than 1% upside over the next twelve months. In other words, the stock could already be fully valued at today’s levels. Economic data support BAC stock forecast, especially with U.S. employment strength and consumer spending holding firm. Banking sector correlation with these metrics remains high, increasing confidence in forward earnings.
