Currently, there are 7.90B common shares owned by the public and among those 7.66B shares have been available to trade.
The company’s stock has a 5-day price change of 0.53% and 17.74% over the past three months. BAC shares are trading 39.59% year to date (YTD), with the 12-month market performance up to 58.62% higher. It has a 12-month low price of $29.32 and touched a high of $47.05 over the same period. BAC has an average intraday trading volume of 37.22 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 5.30%, 11.28%, and 19.73% respectively.
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Institutional ownership of Bank Of America Corp (NYSE: BAC) shares accounts for 73.04% of the company’s 7.90B shares outstanding.
It has a market capitalization of $364.82B and a beta (3y monthly) value of 1.33. The stock’s trailing 12-month PE ratio is 17.09, while the earnings-per-share (ttm) stands at $2.75. The company has a PEG of 2.13 and the debt-to-equity ratio at 2.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.56% over the week and 1.82% over the month.
Earnings per share for the fiscal year are expected to increase by 4.46%, and 14.73% 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. Citigroup stated their Buy rating for the stock in a research note on November 08, 2024, with the firm’s price target at $46-$54. Deutsche Bank coverage for the Bank Of America Corp (BAC) stock in a research note released on September 03, 2024 offered a Buy rating with a price target of $45. Piper Sandler was of a view on July 09, 2024 that the stock is Neutral, while Seaport Research Partners gave the stock Buy rating on July 02, 2024, issuing a price target of $48. Keefe Bruyette on their part issued Outperform rating on June 14, 2024.
