Bank Of America Corp. (NYSE:BAC) shares traded 0.69% higher at $39.51 on Wall Street last session.
BAC stock price is now 3.49% away from the 50-day moving average and 19.56% away from the 200-day moving average. The market capitalization of the company currently stands at $308.98B.
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With the price target enhanced from $37 to $46, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Bank Of America Corp. (NYSE: BAC). On April 19, 2024, Wolfe Research Upgraded its previous ‘Peer Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $42, while ‘UBS’ rates the stock as ‘Neutral’
In other news, BANK OF AMERICA CORP /DE/, 10% Owner sold 1,600 shares of the company’s stock on Jun 06 ’24. The stock was sold for $17,424 at an average price of $10.89. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 27 ’23, 10% Owner BANK OF AMERICA CORP /DE/ bought 5,398 shares of the business’s stock. A total of $57,023 was incurred on buying the stock at an average price of $10.56. This leaves the insider owning 5,398 shares of the company worth $0.21 million. 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 $40.19. According to the stock market information, the enterprise value for the company is $233683828736, which is based on a 13.64 price-to-earnings ratio, a 0.56 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for BAC is $38.2244 and a two-hundred day moving average price translates $33.09975 for the stock.
The latest earnings results from Bank Of America Corp. (NYSE: BAC) was released for 2024-03-31. 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.
