In Monday’s Wall Street session, Bank Of America Corp (NYSE:BAC) shares traded at $41.44, up 1.35% from the previous session.
BAC stock price is now -7.92% away from the 50-day moving average and -2.49% away from the 200-day moving average. The market capitalization of the company currently stands at $315.14B.
With the price target enhanced from $45 to $50, Robert W. Baird Upgraded its rating from Neutral to Outperform for Bank Of America Corp (NYSE: BAC). On January 07, 2025, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $43 to quote $53, while ‘HSBC Securities’ rates the stock as ‘Buy’
In other news, BANK OF AMERICA CORP /DE/, 10% Owner bought 1 shares of the company’s stock on Mar 11 ’25. The stock was bought for $12 at an average price of $12.43. Upon completion of the transaction, the 10% Owner now directly owns 1 shares in the company, valued at $41.44. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’25, 10% Owner BANK OF AMERICA CORP /DE/ sold 1 shares of the business’s stock. A total of $12 was realized by selling the stock at an average price of $12.48. 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 $34.15 and a high of $48.08. According to the stock market information, the enterprise value for the company is $306868813824, which is based on a 12.89 price-to-earnings ratio, a 0.86 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for BAC is $45.0028 and a two-hundred day moving average price translates $42.5003 for the stock.
The latest earnings results from Bank Of America Corp (NYSE: BAC) was released for 2024-12-31. 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.
