With 41.09 million shares changed hands, the volume of the stock remained heavier than its average volume of 33.67 million shares. During the session, the Banks – Diversified company that operates in wider Financial sector, reached to the highest price of $46.65 whereas the lowest price it dropped to was $45.6503. The 52-week range on BAC shows that it touched its highest point at $48.08 and its lowest point at $31.27 during that stretch. It currently has a 1-year price target of $51.85. With its current market cap of 353.57 billion, BAC has annualized dividend of $1.00 while the current yield stands at 2.17%. Beta for the stock currently stands at 1.34.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BAC was up-trending over the past week, with a rise of 4.94%, but this was down by -1.96% over a month. Three-month performance surged to 15.32% while six-month performance rose 11.25%. The stock gained 33.84% in the past year, while it has gained 4.85% so far this year. A look at the trailing 12-month EPS for BAC yields 2.75 with Next year EPS estimates of 3.74. For the next quarter, that number is 0.77. This implies an EPS growth rate of 3.89% for this year and 16.77% for next year. EPS is expected to grow by 12.18% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.37%.
Float and Shares Shorts:
At present, 7.69 billion BAC shares are outstanding with a float of 7.66 billion shares on hand for trading. On 2024-12-13, short shares totaled 75.08 million, which was 98.0 higher than short shares on 1731628800. In addition to Mr. Brian Thomas Moynihan as the firm’s Chairman, CEO & President, Mr. Alastair M. Borthwick serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.6338 of BAC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BAC since 20 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BAC analysts setting a high price target of 58.0 and a low target of 39.5, the average target price over the next 12 months is 50.84682. Based on these targets, BAC could surge 25.87% to reach the target high and fall by -14.28% to reach the target low. Reaching the average price target will result in a growth of 10.34% from current levels.
Analysts have provided yearly estimates in a range of $3.25822 being high and $3.15027 being low. For BAC, this leads to a yearly average estimate of $3.20915.
