The price of Bank Of America Corp (NYSE:BAC) shares last traded on Wall Street rose 3.76% to $43.36.
BAC stock price is now 8.08% away from the 50-day moving average and 2.39% away from the 200-day moving average. The market capitalization of the company currently stands at $326.58B.
With the price target maintained at $47, Morgan Stanley recently Upgraded its rating from Equal-Weight to Overweight for Bank Of America Corp (NYSE: BAC). On March 07, 2025, Robert W. Baird Upgraded its previous ‘Neutral’ rating to ‘Outperform’ on the stock increasing its target price from $45 to quote $50, while ‘UBS’ rates the stock as ‘Buy’
In other news, Boland Darrin Steve, Officer bought 42,207 shares of the company’s stock on May 07 ’25. The stock was bought for $1,723,733 at an average price of $40.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 16 ’25, 10% Owner BANK OF AMERICA CORP /DE/ bought 2,103 shares of the business’s stock. A total of $23,322 was incurred on buying the stock at an average price of $11.09. This leaves the insider owning 2,103 shares of the company worth $91186.08. 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 $33.06 and a high of $48.08.
The net profit margin was 13.28% and return on equity was 9.46% for BAC. The company reported revenue of $34.07 billion for the quarter, compared to $36.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.12 percent.
