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StocksMedium•12 April 2026•

1 min read

Bank of America Projected to Reach $98 as Analysts See Long-Term Growth Potential

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Key Facts

1Bank of America underperformed the S&P 500 over the past five years.

2EPS growth is projected at 13.2% from 2025 to 2028.

Analysts are projecting a significant long-term recovery for Bank of America (BAC), setting a potential price target of $98 over the next five years. This optimistic outlook comes despite the bank's underperformance relative to the S&P 500 index during the previous five-year period. The anticipated growth is expected to be driven by a projected increase in earnings per share (EPS) of 13.2% between 2025 and 2028. Furthermore, BAC remains a core holding for Berkshire Hathaway, reinforcing investor confidence in its fundamental financial stability. Major financial institutions, including UBS and JPMorgan, continue to monitor the bank's performance as it navigates the evolving interest rate environment. While the immediate market impact may be moderate, the steady earnings trajectory offers a favorable outlook for long-term investors seeking sustainable growth.