While Bank Of America Corp has underperformed by -0.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BAC rose by 43.46%, with highs and lows ranging from $48.08 to $32.35, whereas the simple moving average jumped by 13.32% in the last 200 days.
On January 07, 2025, UBS Upgraded Bank Of America Corp (NYSE: BAC) to Buy. A report published by HSBC Securities on January 07, 2025, Upgraded its rating to ‘Buy’ for BAC. Morgan Stanley also Downgraded BAC shares as ‘Equal-Weight’, setting a target price of $55 on the company’s shares in a report dated December 09, 2024. Citigroup November 08, 2024d the rating to Buy on November 08, 2024, and set its price target from $46 to $54. Deutsche Bank September 03, 2024d its ‘Hold’ rating to ‘Buy’ for BAC, as published in its report on September 03, 2024. Piper Sandler’s report from July 09, 2024 suggests a price prediction of $42 for BAC shares, giving the stock a ‘Neutral’ rating. Seaport Research Partners also rated the stock as ‘Buy’.
Analysis of Bank Of America Corp (BAC)
With BAC’s current dividend of $1.00 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 5.19%, showing a positive trend in the upcoming months.
Bank Of America Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 9.24% is sufficient for you to turn a profit off your investment.
The average volume for any stock is also a very valuable indicator of volatility, and BAC has an average volume of 34.45M. On a monthly basis, the volatility of the stock is set at 1.79%, whereas on a weekly basis, it is put at 1.78%, with a gain of 2.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $53.08, showing growth from the present price of $47.40, 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?
Banks – Diversified giant Bank Of America Corp (BAC) is based in the USA and is one of the largest companies in the market. 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 14.73, there is a growth in quarterly earnings of 132.95%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 74.18% 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 74.18% at present.
