Bac stock price forecast reacts strongly to employment data

Bac stock price forecast reacts strongly to employment data releases, with strong labor market numbers supporting credit quality. Analysts have adjusted 2024 targets by 3-5% upward based on wage growth trends. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.12% increase. Right now, Bank of America possesses a Zacks Rank of #3 (Hold). Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Current bac stock price forecast models point to stable growth in the financial sector, with BAC potentially outperforming regional banks due to its diversified revenue streams. Technical indicators show strong support at $28.50 and resistance near $32, aligning with broader market sentiment on large-cap financials.