Stocks of Bank Of America Corp (NYSE:BAC) traded higher last session on Wall Street, up 1.16% to $41.73.
BAC stock price is now -5.89% away from the 50-day moving average and -2.14% away from the 200-day moving average. The market capitalization of the company currently stands at $317.34B.
With the price target enhanced from $45 to $50, Robert W. Baird Upgraded its rating from Neutral to Outperform for Bank Of America Corp (NYSE: BAC). On January 07, 2025, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $43 to quote $53, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, BANK OF AMERICA CORP /DE/, 10% Owner bought 8,100 shares of the company’s stock on Mar 14 ’25. The stock was bought for $100,813 at an average price of $12.45. Upon completion of the transaction, the 10% Owner now directly owns 8,100 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14 ’25, 10% Owner BANK OF AMERICA CORP /DE/ sold 8,100 shares of the business’s stock. A total of $99,670 was realized by selling the stock at an average price of $12.30. A total of 0.20% of the company’s stock is owned by insiders.
During the past 12 months, Bank Of America Corp has had a low of $34.15 and a high of $48.08. According to the stock market information, the enterprise value for the company is $309074198528, which is based on a 12.98 price-to-earnings ratio, a 0.87 price-to-earnings-growth ratio, and a beta of 1.26. The fifty day moving average price for BAC is $44.3436 and a two-hundred day moving average price translates $42.64355 for the stock.
The latest earnings results from Bank Of America Corp (NYSE: BAC) was released for 2024-12-31. The net profit margin was 12.82% and return on equity was 9.24% for BAC. The company reported revenue of $35.98 billion for the quarter, compared to $35.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.98 percent.
