Currently, there are 7.90B common shares owned by the public and among those 7.68B shares have been available to trade.
The company’s stock has a 5-day price change of 0.88% and 0.05% over the past three months. BAC shares are trading 25.69% year to date (YTD), with the 12-month market performance up to 54.96% higher. It has a 12-month low price of $24.96 and touched a high of $44.44 over the same period. BAC has an average intraday trading volume of 39.30 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 4.66%, 6.22%, and 11.70% respectively.
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Institutional ownership of Bank Of America Corp. (NYSE: BAC) shares accounts for 70.86% of the company’s 7.90B shares outstanding.
It has a market capitalization of $325.39B and a beta (3y monthly) value of 1.34. The stock’s trailing 12-month PE ratio is 15.37, while the earnings-per-share (ttm) stands at $2.75. The company has a PEG of 1.91 and the debt-to-equity ratio at 2.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.80% over the week and 1.69% over the month.
Earnings per share for the fiscal year are expected to increase by 4.14%, and 14.80% over the next financial year. EPS should grow at an annualized rate of 8.04% 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. Deutsche Bank stated their Buy rating for the stock in a research note on September 03, 2024, with the firm’s price target at $45. Piper Sandler coverage for the Bank Of America Corp. (BAC) stock in a research note released on July 09, 2024 offered a Neutral rating with a price target of $42. Seaport Research Partners was of a view on July 02, 2024 that the stock is Buy, while Keefe Bruyette gave the stock Outperform rating on June 14, 2024, issuing a price target of $37- $46. Wolfe Research on their part issued Outperform rating on April 19, 2024.
