In today’s recent session, 9.38 million shares of the Bank Of America Corp (NYSE:BAC) have been traded, and its beta is 1.25. Most recently the company’s share price was $42.09, and it changed around -$0.58 or -1.36% from the last close, which brings the market valuation of the company to $320.08B. BAC at last check was trading at a discount to its 52-week high of $48.08, offering almost -14.23% off that amount. The share price’s 52-week low was $34.15, which indicates that the recent value has risen by an impressive 18.86% since then.
Bank Of America Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.52. If we narrow it down even further, the data shows that 0 out of 22 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 4 recommended BAC as a Hold, whereas 11 deemed it a Buy, and 0 rated it as Underweight. Bank Of America Corp is expected to report earnings per share of 0.82 for the current quarter.
Bank Of America Corp (NYSE:BAC) trade information
Instantly BAC has been showing red trend so far today with a performance of -1.36% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 46.96 on recent trading dayincreased the stock’s daily price by 10.37%. The company’s shares are currently down -4.23% year-to-date, but still down -4.21% over the last five days. On the other hand, Bank Of America Corp (NYSE:BAC) is -8.92% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $51, which translates to bulls needing to increase their stock price by 17.47% from its current value. Analyst projections state that BAC is forecast to be at a low of $45 and a high of $54.
Bank Of America Corp (BAC) estimates and forecasts
The year-over-year growth rate is expected to be 6.69%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 26.91B in revenue for the current quarter. 11 analysts expect Bank Of America Corp to make 26.99B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 25.82B and 25.38B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.21%. Forecasts for the next quarter put sales growth at 6.35%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.14%. Bank Of America Corp earnings are expected to increase by 15.59% in 2025, but the outlook is positive 14.91% per year for the next five years.
BAC Dividends
Bank Of America Corp’s next quarterly earnings report is expected to be released in April. The annual dividend yield of the stock is 2.38 percent and its annual dividend per share was 1.00. It is important to note, however, that the 2.38% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
Bank Of America Corp (NYSE:BAC)’s Major holders
VANGUARD GROUP INC, with 8.0524% or 641.63 million shares worth $25.52 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 221.36 shares worth $9.36 billion, making up 2.91% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 180.7 shares worth around $7.64 billion, which represents about 2.38% of the total shares outstanding.
