In yesterday’s Wall Street session, Bank Of America Corp. (NYSE:BAC) shares traded at $40.62, up 0.52% from the previous session.
BAC stock price is now 4.07% away from the 50-day moving average and 20.27% away from the 200-day moving average. The market capitalization of the company currently stands at $317.66B.
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With the price target maintained at $48, Seaport Research Partners recently Upgraded its rating from Neutral to Buy for Bank Of America Corp. (NYSE: BAC). On June 14, 2024, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock increasing its target price from $37 to quote $46, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, BANK OF AMERICA CORP /DE/, 10% Owner bought 263 shares of the company’s stock on Jun 28 ’24. The stock was bought for $6,245 at an average price of $23.75. Upon completion of the transaction, the 10% Owner now directly owns 263 shares in the company, valued at $10683.06. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 28 ’24, 10% Owner BANK OF AMERICA CORP /DE/ sold 263 shares of the business’s stock. A total of $6,253 was realized by selling the stock at an average price of $23.77. 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 $41.20. According to the stock market information, the enterprise value for the company is $242364448768, which is based on a 14.03 price-to-earnings ratio, a 1.53 price-to-earnings-growth ratio, and a beta of 1.36. The fifty day moving average price for BAC is $39.0788 and a two-hundred day moving average price translates $33.83375 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.
