In the last trading session, 33.35 million Bank Of America Corp (NYSE:BAC) shares changed hands as the company’s beta touched 1.31. With the company’s per share price at $44.69 changed hands at -$0.08 or -0.18% during last session, the market valuation stood at $336.60B. BAC’s last price was a discount, traded about -7.59% off its 52-week high of $48.08. The share price had its 52-week low at $33.06, which suggests the last value was 26.02% up since then.
Analysts gave the Bank Of America Corp (BAC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.38. If we narrow down to specifics, the data shows that 0 out of 20 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 6 recommended BAC as a Hold, 14 felt it is a Buy and 0 rated the stock as Underweight.
Bank Of America Corp (NYSE:BAC) trade information
Instantly BAC was in red as seen at the end of in last trading. With action 0.93%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 1.68%, with the 5-day performance at 0.93% in the green. However, in the 30-day time frame, Bank Of America Corp (NYSE:BAC) is 21.05% up.
The consensus price target for the stock as assigned by Wall Street analysts is 52, meaning bulls need an upside of 14.06% from its current market value. According to analyst projections, BAC’s forecast low is 47 with 54 as the target high. To hit the forecast high, the stock’s price needs a -20.83% plunge from its current level, while the stock would need to soar -5.17% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.14%. The 2025 estimates are for Bank Of America Corp earnings to increase by 13.62%, but the outlook for the next 5-year period is at 14.52% per year.
BAC Dividends
Bank Of America Corp is expected to release its next quarterly earnings report in June. The 2.28% annual yield figure for the share gives it an annual dividend of 1.02. It is important to note, however, that the 2.28% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.1241% or 641.63 million shares worth $25.52 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund . With 216.28 shares estimated at $9.67 billion under it, the former controlled 2.87% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held about 2.40% of the shares, roughly 180.7 shares worth around $8.08 billion.
