Bank Of America Corp (NYSE:BAC) shares traded 0.28% higher at $46.66 on Wall Street last session.
BAC stock price is now 1.94% away from the 50-day moving average and 13.35% away from the 200-day moving average. The market capitalization of the company currently stands at $355.12B.
With the price target enhanced from $43 to $53, UBS Upgraded its rating from Neutral to Buy for Bank Of America Corp (NYSE: BAC). On January 07, 2025, HSBC Securities Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $50, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, BANK OF AMERICA CORP /DE/, 10% Owner bought 6 shares of the company’s stock on Jan 15 ’25. The stock was bought for $65 at an average price of $10.79. Upon completion of the transaction, the 10% Owner now directly owns 6 shares in the company, valued at $279.96. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 15 ’25, 10% Owner BANK OF AMERICA CORP /DE/ sold 6 shares of the business’s stock. A total of $66 was realized by selling the stock at an average price of $10.94. 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 $31.40 and a high of $48.08. According to the stock market information, the enterprise value for the company is $357865619456, which is based on a 14.50 price-to-earnings ratio, a 1.19 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for BAC is $45.678 and a two-hundred day moving average price translates $41.11665 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 12.89% and return on equity was 9.24% 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.
