Bank of America Stock: How Many Years Will It Take to Double?
You never know what will happen to any company, but assuming that Bank of America (NYSE: BAC) continues on its current course, shares of the nation's second biggest bank are on track to double in a little over 15 years.
To be clear, I'm not making a prediction. I'm instead just extrapolating into the future the growth rate of Bank of America's book value per share, which heavily influences its share price.
Over the past 18 quarters, Bank of America's book value per share has increased by a median of 4.6% over the year-ago period. At that rate, Bank of America's book value per share will double its current stock price in 2032 or 2033.
Source: Fool.com
Bank of America Corp. Stock
€35.74
-0.130%
The stock is one of the favorites of our community with 21 Buy predictions and 2 Sell predictions.
As a result the target price of 42 € shows a slightly positive potential of 17.53% compared to the current price of 35.74 € for Bank of America Corp..
