Why Buy Stock In Bank Of America Corp. (BAC)?

Bank Of America Corp. (NYSE:BAC) has a beta value of 1.36 and has seen 5.47 million shares traded in the recent trading session. The company, currently valued at $314.14B, closed the recent trade at $40.17 per share which meant it gained $0.16 on the day or 0.40% during that session. The BAC stock price is -0.42% off its 52-week high price of $40.34 and 37.86% above the 52-week low of $24.96. The 3-month trading volume is 36.75 million shares.

Bank Of America Corp. (NYSE:BAC) trade information

Sporting 0.40% in the green today, the stock has traded in the green over the last five days, when the BAC stock price touched $40.17 or saw a rise of 0.42%. Year-to-date, Bank Of America Corp. shares have moved 19.31%, while the 5-day performance has seen it change 2.01%. Over the past 30 days, the shares of Bank Of America Corp. (NYSE:BAC) have changed 0.45%.

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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 19.31% over the past 6 months, with this year growth rate of -6.00%, compared to -5.10% for the industry. Revenue growth from the last financial year stood is estimated to be 11.70%.

10 analysts offering their estimates for the company have set an average revenue estimate of 25.32B for the current quarter. 10 have an estimated revenue figure of 25.43B for the next ending quarter.

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 4.72% while over the next 5 years, the company’s earnings are expected to increase by 9.29%.

BAC Dividends

Bank Of America Corp. is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.96 at a share yield of 2.39%. The company’s dividend yield has gone up over the past 12 months.