During the last session, Bank Of America Corp. (NYSE:BAC)’s traded shares were 41.05 million, with the beta value of the company hitting 1.37. At the end of the trading day, the stock’s price was $37.91, reflecting an intraday loss of -1.07% or -$0.41. The 52-week high for the BAC share is $38.49, that puts it down -1.53 from that peak though still a striking 34.16% gain since the share price plummeted to a 52-week low of $24.96. The company’s market capitalization is $298.45B, and the average trade volume was 40.88 million shares over the past three months.
Bank Of America Corp. (NYSE:BAC) trade information
Bank Of America Corp. (BAC) registered a -1.07% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.07% in intraday trading to $37.91, hitting a weekly high. The stock’s 5-day price performance is 5.98%, and it has moved by 2.21% in 30 days. Based on these gigs, the overall price performance for the year is 31.45%.
Bank Of America Corp. (BAC) estimates and forecasts
Statistics show that Bank Of America Corp. has underperformed its competitors in share price, compared to the industry in which it operates. Bank Of America Corp. (BAC) shares have gone up 48.84% during the last six months, with a year-to-date growth rate less than the industry average at -6.73% against -5.70. In the rating firms’ projections, revenue will increase 4.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 23.61B as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 23.71B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.37%. While earnings are projected to return 4.17% in 2024, the next five years will return 24.37% per annum.
BAC Dividends
Bank Of America Corp. is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Bank Of America Corp. is 0.94, with the dividend yield indicating at 2.48 percent, continuing the trend of increasing dividends in recent years.
