Bank of America Stock: Is Wall Street Bullish or Bearish?

With a market cap of $392.7 billion, Bank of America Corporation (BAC) is one of the largest financial institutions in the United States. Operating through four main segments: Consumer Banking; Global Wealth & Investment Management; Global Banking; and Global Markets, it serves individual consumers, small and mid-sized businesses, large corporations, and governments worldwide.

The Charlotte, North Carolina-based company's shares have outperformed the broader market over the past 52 weeks. BAC stock has increased 24.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 18.3%. Moreover, shares of Bank of America are up 20.3% on a YTD basis, compared to SPX’s 17.2% return.