Bank Of America Corp (NYSE:BAC) shares traded 1.06% higher at $47.50 on Wall Street last session.
BAC stock price is now 12.02% away from the 50-day moving average and 20.78% away from the 200-day moving average. The market capitalization of the company currently stands at $368.70B.
With the price target enhanced from $46 to $54, Citigroup Upgraded its rating from Neutral to Buy for Bank Of America Corp (NYSE: BAC). On September 03, 2024, Deutsche Bank Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $45, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, BANK OF AMERICA CORP /DE/, 10% Owner bought 800 shares of the company’s stock on Nov 18 ’24. The stock was bought for $7,565 at an average price of $9.46. Upon completion of the transaction, the 10% Owner now directly owns 800 shares in the company, valued at $38000.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, 10% Owner BANK OF AMERICA CORP /DE/ sold 800 shares of the business’s stock. A total of $7,484 was realized by selling the stock at an average price of $9.36. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Bank Of America Corp has had a low of $29.32 and a high of $47.22. According to the stock market information, the enterprise value for the company is $360934768640, which is based on a 17.27 price-to-earnings ratio, a 2.15 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for BAC is $42.2354 and a two-hundred day moving average price translates $39.25395 for the stock.
The latest earnings results from Bank Of America Corp (NYSE: BAC) was released for 2024-09-30. The net profit margin was 11.22% and return on equity was 8.09% for BAC. The company reported revenue of $37.49 billion for the quarter, compared to $33.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.5 percent.
