In the last trading session, 35.24 million shares of the Bank Of America Corp (NYSE:BAC) were traded, and its beta was 1.32. Most recently the company’s share price was $48.66, and it changed around -$0.27 or -0.55% from the last close, which brings the market valuation of the company to $366.50B. BAC currently trades at a discount to its 52-week high of $49.31, offering almost -1.34% off that amount. The share price’s 52-week low was $33.06, which indicates that the current value has risen by an impressive 32.06% since then. We note from Bank Of America Corp’s average daily trading volume that its 10-day average is 42.0 million shares, with the 3-month average coming to 46.88 million.
Bank Of America Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.54. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 3 recommended BAC as a Hold, whereas 15 deemed it a Buy, and 0 rated it as Underweight. Bank Of America Corp is expected to report earnings per share of 0.87 for the current quarter.
Bank Of America Corp (NYSE:BAC) trade information
Instantly BAC has showed a red trend with a performance of -0.55% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 49.31 on recent trading dayincreased the stock’s daily price by 1.32%. The company’s shares are currently up 18.89% year-to-date, but still up 3.27% over the last five days. On the other hand, Bank Of America Corp (NYSE:BAC) is 9.69% up in the 30-day period. We can see from the shorts that 85.99 million shares have been sold at a short interest cover period of 2.23 day(s).
The consensus price target as assigned by Wall Street analysts is $50, which translates to bulls needing to increase their stock price by 2.68% from its current value. Analyst projections state that BAC is forecast to be at a low of $47 and a high of $53.
Bank Of America Corp (BAC) estimates and forecasts
The year-over-year growth rate is expected to be 6.29%, up from the previous year.
Consensus estimates provided by 14 financial analysts predict the company will bring in an average of 26.77B in revenue for the current quarter. 14 analysts expect Bank Of America Corp to make 27.2B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 25.38B and 25.34B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5.51%. Forecasts for the next quarter put sales growth at 7.33%.
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 12.81% in 2025, but the outlook is positive 14.30% per year for the next five years.
BAC Dividends
Bank Of America Corp’s next quarterly earnings report is expected to be released on 2025-Apr-15. The annual dividend yield of the stock is 2.14 percent and its annual dividend per share was 1.04. It is important to note, however, that the 2.14% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.41 per year.
Bank Of America Corp (NYSE:BAC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.50% of Bank Of America Corp shares, and 66.66% of them are in the hands of institutional investors. The stock currently has a share float of 72.86%. Bank Of America Corp stock is held by 3944.0 institutions, with BERKSHIRE HATHAWAY INC being the largest institutional investor. By 2024-06-30, it held 13.0776% of the shares, which is about 1.03 billion shares worth $41.08 billion.
VANGUARD GROUP INC, with 8.1241% or 641.63 million shares worth $25.52 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard 500 Index Fund were the top two Mutual Funds as of Mar 31, 2025 . The former held 208.62 shares worth $10.15 billion, making up 2.77% of all outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard 500 Index Fund held roughly 177.58 shares worth around $8.64 billion, which represents about 2.36% of the total shares outstanding.
