Currently, there are 7.69B 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 -3.28% and 10.79% over the past three months. BAC shares are trading 31.19% year to date (YTD), with the 12-month market performance up to 33.93% higher. It has a 12-month low price of $31.27 and touched a high of $48.08 over the same period. BAC has an average intraday trading volume of 34.84 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 -4.25%, -1.09%, and 9.36% respectively.
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Institutional ownership of Bank Of America Corp (NYSE: BAC) shares accounts for 72.98% of the company’s 7.69B shares outstanding.
It has a market capitalization of $345.08B and a beta (3y monthly) value of 1.35. The stock’s trailing 12-month PE ratio is 16.06, while the earnings-per-share (ttm) stands at $2.75. The company has a PEG of 1.78 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 2.59% over the week and 1.76% over the month.
Earnings per share for the fiscal year are expected to increase by 4.20%, and 15.73% over the next financial year. EPS should grow at an annualized rate of 9.03% 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. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on December 09, 2024, with the firm’s price target at $48-$55. Citigroup coverage for the Bank Of America Corp (BAC) stock in a research note released on November 08, 2024 offered a Buy rating with a price target of $54. Deutsche Bank was of a view on September 03, 2024 that the stock is Buy, while Piper Sandler gave the stock Neutral rating on July 09, 2024, issuing a price target of $37- $42. Seaport Research Partners on their part issued Buy rating on July 02, 2024.
