Bank Of America Corp. (NYSE:BAC) has a beta value of 1.38 and has seen 26.53 million shares traded in the last trading session. The company, currently valued at $295.62B, closed the last trade at $37.55 per share which meant it lost -$0.28 on the day or -0.74% during that session. The BAC stock price is -2.5% off its 52-week high price of $38.49 and 33.53% above the 52-week low of $24.96. The 3-month trading volume is 40.76 million shares.
Bank Of America Corp. (NYSE:BAC) trade information
Sporting -0.74% in the red in last session, the stock has traded in the red over the last five days, when the BAC stock price touched $37.55 or saw a rise of 2.44%. Year-to-date, Bank Of America Corp. shares have moved 11.52%, while the 5-day performance has seen it change -0.48%. Over the past 30 days, the shares of Bank Of America Corp. (NYSE:BAC) have changed -0.98%.
Bank Of America Corp. (BAC) estimates and forecasts
Figures show that Bank Of America Corp. shares have underperformed across the wider relevant industry. The company’s shares have gained 43.76% over the past 6 months, with this year growth rate of -6.73%, compared to -5.60% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -13.60% and -16.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be 4.20%.
10 analysts offering their estimates for the company have set an average revenue estimate of $23.61 billion for the current quarter. 10 have an estimated revenue figure of $23.71 billion for the next quarter concluding in Sep 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.37% over the past 5 years. Earnings growth for 2024 is a modest 4.17% while over the next 5 years, the company’s earnings are expected to increase by 24.37%.
BAC Dividends
Bank Of America Corp. is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.94 at a share yield of 2.50%. The company’s dividend yield has gone up over the past 12 months.
