The stock of Bank Of America Corp. (NYSE:BAC) last traded at $38.21, down -0.62% from the previous session.
BAC stock price is now 3.93% away from the 50-day moving average and 19.53% away from the 200-day moving average. The market capitalization of the company currently stands at $298.82B.
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With the price target maintained at $42, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Bank Of America Corp. (NYSE: BAC). On April 04, 2024, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $39 to quote $40, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, BANK OF AMERICA CORP /DE/, 10% Owner bought 5,398 shares of the company’s stock on Dec 27 ’23. The stock was bought for $57,023 at an average price of $10.56. Upon completion of the transaction, the 10% Owner now directly owns 5,398 shares in the company, valued at $0.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 15 ’23, 10% Owner BANK OF AMERICA CORP /DE/ sold 900 shares of the business’s stock. A total of $8,748 was realized by selling the stock at an average price of $9.72. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Bank Of America Corp. has had a low of $24.96 and a high of $38.78.
According to the Banks – Diversified Company, earnings per share came in at 0.88, beating analysts’ expectations of 0.84 by 0.04. This compares to $0.94 EPS in the same period last year. The net profit margin was 12.74% and return on equity was 8.72% for BAC. The company reported revenue of $36.28 billion for the quarter, compared to $28.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.63 percent. For the current quarter, analysts expect BAC to generate $25.27B in revenue.
