In yesterday’s Wall Street session, Bank Of America Corp (NYSE:BAC) shares traded at $43.94, unchanged from the previous session.
BAC stock price is now -3.79% away from the 50-day moving average and 3.85% away from the 200-day moving average. The market capitalization of the company currently stands at $334.42B.
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 1,387 shares of the company’s stock on Feb 24 ’25. The stock was bought for $12,594 at an average price of $9.08. Upon completion of the transaction, the 10% Owner now directly owns 1,387 shares in the company, valued at $60944.78. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 24 ’25, 10% Owner BANK OF AMERICA CORP /DE/ sold 1,387 shares of the business’s stock. A total of $12,622 was realized by selling the stock at an average price of $9.10. A total of 0.19% of the company’s stock is owned by insiders.
During the past 12 months, Bank Of America Corp has had a low of $33.53 and a high of $48.08.
The net profit margin was 12.82% and return on equity was 9.24% for BAC. The company reported revenue of $35.98 billion for the quarter, compared to $35.63 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.98 percent.
