In recent trading session, Bank Of America Corp. (NYSE:BAC) saw 5.37 million shares changing hands at last check today with its beta currently measuring 1.34. Company’s recent per share price level of $42.92 trading at $0.12 or 0.29% at last check today assigns it a market valuation of $333.08B. That most recent trading price of BAC’s stock is at a discount of -3.54% from its 52-week high price of $44.44 and is indicating a premium of 41.85% from its 52-week low price of $24.96. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 34.97 million shares which gives us an average trading volume of 39.82 million if we extend that period to 3-months.
For Bank Of America Corp. (BAC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.92. Splitting up the data highlights that, out of 20 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 6 suggested the stock as a Hold whereas 14 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.79 in the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Bank Of America Corp. (NYSE:BAC) trade information
Upright in the green today for gaining 0.29%, in the last five days BAC remained trading in the green while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $42.92 price level, adding 1.01% to its value on the day. Bank Of America Corp.’s shares saw a change of 27.49% in year-to-date performance and have moved 7.39% in past 5-day. Bank Of America Corp. (NYSE:BAC) showed a performance of 8.34% in past 30-days. Number of shares sold short was 67.38 million shares which calculate 1.68 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 45 to the stock, which implies a rise of 4.62% to its recent value today. Analysts have been projecting 36 as a low price target for the stock while placing it at a high target of 144. It follows that stock’s current price would jump 16.12% in reaching the projected high whereas dropping to the targeted low would mean a gain of 16.12% for stock’s current value.
Bank Of America Corp. (BAC) estimates and forecasts
Statistics highlight that Bank Of America Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 20.00% of value to its shares in past 6 months, showing an annual growth rate of -4.68% while that of industry is 21.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.80% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 25.2B for the same. And 6 analysts are in estimates of company making revenue of 26.63B in the next quarter. Company posted 20.37B and 25.98B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.37% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 4.13% while estimates for its earnings growth in next 5 years are of 9.74%.
BAC Dividends
Bank Of America Corp. is more likely to be releasing its next quarterly report on 2025-Jan-16 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.28%, the share has a forward dividend of 0.98 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.44%.
Bank Of America Corp. (NYSE:BAC)’s Major holders
Insiders are in possession of 10.16% of company’s total shares while institution are holding 61.23 percent of that, with stock having share float percentage of 68.16%. Investors also watch the number of corporate investors in a company very closely, which is 61.23% institutions for Bank Of America Corp. that are currently holding shares of the company. BERKSHIRE HATHAWAY INC is the top institutional holder at BAC for having 1.03 billion shares of worth $41.08 billion. And as of 2024-06-30, it was holding 12.9622 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 641.63 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.0524 of outstanding shares, having a total worth of $25.52 billion.
