Bank Of America Corp (NYSE: BAC) is -9.87% lower on its value in year-to-date trading and has touched a low of $34.15 and a high of $48.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BAC stock was last observed hovering at around $39.83 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $39.61, the stock is -10.42% and -12.56% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 50.56 million and changing -0.55% at the moment leaves the stock -6.76% off its SMA200. BAC registered 11.17% gain for a year compared to 6-month gain of 2.19%.
The stock witnessed a -16.43% loss in the last 1 month and extending the period to 3 months gives it a -15.72%, and is -7.17% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.94% over the week and 2.57% over the month.
Bank Of America Corp (BAC) has around 213000 employees, a market worth around $301.22B and $198.93B in sales. Current P/E ratio is 12.32 and Fwd P/E is 9.05. Profit margin for the company is 12.82%. Distance from 52-week low is 15.99% and -17.62% from its 52-week high. The company has generated returns on investments over the last 12 months (4.55%).
with sales reaching $26.91B over the same period.The EPS is expected to grow by 15.40% this year, but quarterly earnings will post 6.69% year-over-year. Quarterly sales are estimated to grow 4.21% in year-over-year returns.
Bank Of America Corp (BAC) Top Institutional Holders
The shares outstanding are 7.61B, and float is at 7.59B with Short Float at 1.04%.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 1.03 billion shares valued at $41.08 billion. The investor’s holdings represent 13.0776% of the BAC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 641.63 million shares valued at $25.52 billion to account for 8.0524 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 473.12 million shares representing 5.9376% and valued at over $18.82 billion, while STATE STREET CORP holds 3.6439 of the shares totaling 287.79 million with a market value of $11.45 billion.
Bank Of America Corp (BAC) Insider Activity
The most recent transaction is an insider purchase by BANK OF AMERICA CORP /DE/, the company’s 10% Owner. SEC filings show that BANK OF AMERICA CORP /DE/ bought 8 shares of the company’s common stock on Feb 26 ’25 at a price of $9.19 per share for a total of $73.0. Following the purchase, the insider now owns 8.0 shares.
Bank Of America Corp disclosed in a document filed with the SEC on Feb 26 ’25 that BANK OF AMERICA CORP /DE/ (10% Owner) sold a total of 8 shares of the company’s common stock. The trade occurred on Feb 26 ’25 and was made at $9.06 per share for $72.0. Following the transaction, the insider now directly holds 0.0 shares of the BAC stock.
Still, SEC filings show that on Feb 24 ’25, BANK OF AMERICA CORP /DE/ (10% Owner) acquired 1,387 shares at an average price of $9.08 for $12594.0. The insider now directly holds 1,387 shares of Bank Of America Corp (BAC).
