In Monday’s Wall Street session, Bank Of America Corp (NYSE:BAC) shares traded at $44.41, up 0.73% from the previous session.
BAC stock price is now 7.20% away from the 50-day moving average and 3.35% away from the 200-day moving average. The market capitalization of the company currently stands at $334.49B.
With the price target of $53, TD Cowen recently initiated with Buy rating for Bank Of America Corp (NYSE: BAC). On April 07, 2025, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $47, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, BANK OF AMERICA CORP /DE/, 10% Owner bought 38,169 shares of the company’s stock on Jun 11 ’25. The stock was bought for $303,633 at an average price of $7.95. Upon completion of the transaction, the 10% Owner now directly owns 38,169 shares in the company, valued at $1.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 11 ’25, 10% Owner BANK OF AMERICA CORP /DE/ sold 8,126 shares of the business’s stock. A total of $64,193 was realized by selling the stock at an average price of $7.90. This leaves the insider owning 30,043 shares of the company worth $1.33 million. 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.
