While Bank Of America Corp has underperformed by -0.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BAC rose by 47.77%, with highs and lows ranging from $48.08 to $30.45, whereas the simple moving average jumped by 14.41% in the last 200 days.
On December 09, 2024, Morgan Stanley Downgraded Bank Of America Corp (NYSE: BAC) to Equal-Weight. A report published by Citigroup on November 08, 2024, Upgraded its rating to ‘Buy’ for BAC. Deutsche Bank also Upgraded BAC shares as ‘Buy’, setting a target price of $45 on the company’s shares in a report dated September 03, 2024. Piper Sandler July 09, 2024d the rating to Neutral on July 09, 2024, and set its price target from $37 to $42. Seaport Research Partners July 02, 2024d its ‘Neutral’ rating to ‘Buy’ for BAC, as published in its report on July 02, 2024. Keefe Bruyette’s report from June 14, 2024 suggests a price prediction of $46 for BAC shares, giving the stock a ‘Outperform’ rating. Wolfe Research also rated the stock as ‘Outperform’.
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Analysis of Bank Of America Corp (BAC)
Investors in Bank Of America Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.00 per share. Further, the quarter-over-quarter increase in sales is 14.11%, showing a positive trend in the upcoming months.
One of the most important indicators of Bank Of America Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 8.09% is sufficient for you to turn a profit off your investment.
For any stock, average volume can also provide valuable insight into volatility, and BAC is recording 35.65M average volume. On a monthly basis, the volatility of the stock is set at 1.54%, whereas on a weekly basis, it is put at 1.56%, with a loss of -2.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $49.90, showing growth from the present price of $45.75, which can serve as yet another indication of whether BAC is worth investing in or should be passed over.
How Do You Analyze Bank Of America Corp Shares?
The Banks – Diversified market is dominated by Bank Of America Corp (BAC) based in the USA. When comparing Bank Of America Corp shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 16.63, there is a growth in quarterly earnings of -10.31%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.17%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 72.98% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BAC shares are owned by institutional investors to the tune of 72.98% at present.
