The price of Bank Of America Corp (NYSE:BAC) shares last traded on Wall Street rose 2.36% to $44.22.
BAC stock price is now 8.69% away from the 50-day moving average and 3.83% away from the 200-day moving average. The market capitalization of the company currently stands at $333.06B.
With the price target of $53, TD Cowen recently initiated with Buy rating for Bank Of America Corp (NYSE: BAC). On April 07, 2025, Morgan Stanley Upgraded its previous ‘Equal-Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $47, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Boland Darrin Steve, Officer bought 42,207 shares of the company’s stock on May 07 ’25. The stock was bought for $1,723,733 at an average price of $40.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 16 ’25, 10% Owner BANK OF AMERICA CORP /DE/ bought 2,103 shares of the business’s stock. A total of $23,322 was incurred on buying the stock at an average price of $11.09. This leaves the insider owning 2,103 shares of the company worth $92994.66. 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 $33.06 and a high of $48.08.
The net profit margin was 13.28% and return on equity was 9.46% for BAC. The company reported revenue of $34.07 billion for the quarter, compared to $36.28 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.12 percent. For the current quarter, analysts expect BAC to generate $26.87B in revenue.
