The price of Bank Of America Corp (NYSE:BAC) shares last traded on Wall Street rose 1.23% to $47.09.
BAC stock price is now 2.68% away from the 50-day moving average and 13.89% away from the 200-day moving average. The market capitalization of the company currently stands at $358.40B.
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 1,611 shares of the company’s stock on Jan 17 ’25. The stock was bought for $18,317 at an average price of $11.37. Upon completion of the transaction, the 10% Owner now directly owns 1,611 shares in the company, valued at $75861.99. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 17 ’25, 10% Owner BANK OF AMERICA CORP /DE/ sold 1,611 shares of the business’s stock. A total of $18,108 was realized by selling the stock at an average price of $11.24. 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 $32.35 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 14.63 price-to-earnings ratio, a 0.99 price-to-earnings-growth ratio, and a beta of 1.34. The fifty day moving average price for BAC is $45.8414 and a two-hundred day moving average price translates $41.2986 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. For the current quarter, analysts expect BAC to generate $26.84B in revenue.
