Bank Of America Corp (NYSE: BAC) is -6.44% lower on its value in year-to-date trading and has touched a low of $33.06 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 $41.07 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $41.12, the stock is 7.61% and 1.78% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.83 million and changing 0.12% at the moment leaves the stock -2.95% off its SMA200. BAC registered 11.29% gain for a year compared to 6-month loss of -2.81%.
The stock witnessed a 10.48% gain in the last 1 month and extending the period to 3 months gives it a -11.01%, and is 3.37% up 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 2.07% over the week and 3.91% over the month.
Bank Of America Corp (BAC) has around 213000 employees, a market worth around $309.71B and $198.36B in sales. Current P/E ratio is 12.28 and Fwd P/E is 9.67. Profit margin for the company is 13.28%. Distance from 52-week low is 24.36% and -14.48% from its 52-week high. The company has generated returns on investments over the last 12 months (4.46%).
with sales reaching $26.81B over the same period.The EPS is expected to grow by 13.62% this year, but quarterly earnings will post 6.14% year-over-year. Quarterly sales are estimated to grow 5.65% in year-over-year returns.
Bank Of America Corp (BAC) Top Institutional Holders
The shares outstanding are 7.56B, and float is at 7.52B with Short Float at 1.26%.
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 8.1241 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 473.12 million shares representing 5.9904% 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 2,103 shares of the company’s common stock on Apr 16 ’25 at a price of $11.09 per share for a total of $23322.0. Following the purchase, the insider now owns 2103.0 shares.
Bank Of America Corp disclosed in a document filed with the SEC on Apr 09 ’25 that BANK OF AMERICA CORP /DE/ (10% Owner) bought a total of 13 shares of the company’s common stock. The trade occurred on Apr 09 ’25 and was made at $10.85 per share for $141.0. Following the transaction, the insider now directly holds 13.0 shares of the BAC stock.
Still, SEC filings show that on Apr 09 ’25, BANK OF AMERICA CORP /DE/ (10% Owner) disposed off 13 shares at an average price of $10.89 for $142.0. The insider now directly holds 0 shares of Bank Of America Corp (BAC).
