Bank Of America is a diversified bank company located in North Carolina, United States, which is part of the Financial Services sector, and is traded under the ticker BAC on the NYSE exchange.
Bank Of America stock last closed at $37.92, up 0.29% from the previous day, and has increased 34.85% in one year. It has overperformed other stocks in the Banks - Diversified industry by 0.06 percentage points. Bank Of America stock is currently +51.92% from its 52-week low of $24.96, and -0.21% from its 52-week high of $38.00.
As of Mar 28, 2024, there are 7.87B shares of BAC outstanding. The market capitalization of BAC is $298.53B. In the past 24 hours, 42.12M BAC shares were traded.
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Once you have figured out the best place to buy Bank Of America stock, it's important to analyze their stock before you buy, so you actually comprehend the risk and opportunity.
WallStreetZen was designed to help average investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on BAC's stock page.
You can use a variety of different financial metrics, analyses, models, and charts to gauge BAC's intrinsic value.
Using relative valuations ratios:
You can do more valuation analysis on BAC's stock here.
Out of 11 Wall Street analysts who track BAC, the consensus analyst rating on Bank Of America is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
Betsy Graseck, a bottom 8% analyst from Morgan Stanley upgrades BAC to a strong buy rating and raises their BAC price target from $32.00 to $41.00, on Jan 30, 2024.
Morgan Stanley's Betsy Graseck upgraded their rating on Bank Of America (NYSE: BAC) from Hold to Strong Buy on 2024/01/30. The analyst also raised their price target by 28.1% from $32 to $41.
Graseck upgraded Bank of America and hiked their price target in a sector review note covering their Financial Services (Large-Cap Banks) portfolio.
The analyst explained that they upgraded the Large-Cap Bank group to Attractive because "it looks like the Basel endgame will be lightened."
That will clear the way for a significant increase in buybacks, Graseck detailed, because "large-cap banks have the highest excess capital levels ever, at a time when capital markets are rebounding."
Dick Bove, a bottom 5% analyst from Odeon Capital downgrades BAC to a hold rating and announces their BAC price target of $33.90, on Jan 16, 2024.
James Fotheringham, a top 8% analyst from BMO Capital maintains BAC with a hold rating and lowers their BAC price target from $37.00 to $36.00, on Jan 16, 2024.
Jason Goldberg, a bottom 10% analyst from Barclays maintains BAC with a strong buy rating and raises their BAC price target from $39.00 to $43.00, on Jan 2, 2024.
Richard Ramsden, a top 20% analyst from Goldman Sachs maintains BAC with a strong buy rating and raises their BAC price target from $30.00 to $33.00, on Dec 1, 2023.
You can dive deeper into what analysts are projecting on the Bank Of America stock forecast page.
Last year, BAC earnings were $24.87B. During the past 5 year, BAC's earnings have gone up by 3.26% per year. This was slower than the Banks - Diversified industry average of 6.89%.
Last year, BAC revenue was $98.58B. Over the past five year, BAC's revenue has increased by 1.61% per year. This was slower than the Banks - Diversified industry average of 5.59%.
You can analyze BAC's earnings and revenue performance here.
In the past year, insiders at BAC have sold more shares than they have bought.
Brian T. Moynihan, Chair and CEO of BAC, was the latest BAC insider to sell. They sold $732,349.62 worth of BAC stock on Mar 15, 2024.
Dig into more about who owns BAC stock here.
Bank Of America pays a dividend of 2.48%, compared to the Banks - Diversified industry's average dividend yield of 4.3%. If you owned $1,000 worth of BAC stock, you would have received $24.79 in the past 12 months.
Bank Of America dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Bank Of America dividend yield and history here.
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