Currently, there are 7.90B common shares owned by the public and among those 7.81B shares have been available to trade.
The company’s stock has a 5-day price change of 0.71% and 4.88% over the past three months. BAC shares are trading 18.12% year to date (YTD), with the 12-month market performance up to 41.68% higher. It has a 12-month low price of $24.96 and touched a high of $40.34 over the same period. BAC has an average intraday trading volume of 36.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.60%, 2.83%, and 18.76% respectively.
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Institutional ownership of Bank Of America Corp. (NYSE: BAC) shares accounts for 73.11% of the company’s 7.90B shares outstanding.
It has a market capitalization of $311.02B and a beta (3y monthly) value of 1.35. The stock’s trailing 12-month PE ratio is 13.73, while the earnings-per-share (ttm) stands at $2.90. The company has a PEG of 1.48 and the debt-to-equity ratio at 2.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.07% over the week and 1.93% over the month.
Earnings per share for the fiscal year are expected to increase by 4.53%, and 10.06% over the next financial year. EPS should grow at an annualized rate of 9.29% over the next five years, compared to 3.37% over the past 5-year period.
Looking at the support for the BAC, a number of firms have released research notes about the stock. Keefe Bruyette stated their Outperform rating for the stock in a research note on June 14, 2024, with the firm’s price target at $37-$46. Wolfe Research coverage for the Bank Of America Corp. (BAC) stock in a research note released on April 19, 2024 offered a Outperform rating with a price target of $42. UBS was of a view on April 04, 2024 that the stock is Neutral, while HSBC Securities gave the stock Hold rating on March 28, 2024, issuing a price target of $38- $39. Morgan Stanley on their part issued Overweight rating on January 30, 2024.
