Bank Of America Corp. (NYSE: BAC) kicked off on Friday, up 1.44% from the previous trading day, before settling in for the closing price of $40.17. Over the past 52 weeks, BAC has traded in a range of $24.96-$44.44.
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Annual sales at Financial sector company grew by 12.08% over the past five years. While this was happening, its average annual earnings per share was recorded 5.65%. With a float of $7.75 billion, this company’s outstanding shares have now reached $7.90 billion.
Let’s look at the performance matrix of the company that is accounted for 213000 employees. In terms of profitability, gross margin is 68.16%, operating margin of 21.63%, and the pretax margin is 21.63%.
Bank Of America Corp. (BAC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Banks – Diversified Industry. The insider ownership of Bank Of America Corp. is 0.18%, while institutional ownership is 72.53%. The most recent insider transaction that took place on Aug 30 ’24, was worth 322,404,062. In this transaction 10% Owner of this company sold 7,938,699 shares at a rate of $40.61, taking the stock ownership to the 882,723,903 shares. Before that another transaction happened on Aug 28 ’24, when Company’s 10% Owner sold 7,081,075 for $39.95, making the entire transaction worth $282,878,325. This insider now owns 896,719,301 shares in total.
Bank Of America Corp. (BAC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 5.65% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.60% during the next five years compared to 3.37% growth over the previous five years of trading.
Bank Of America Corp. (NYSE: BAC) Trading Performance Indicators
Take a look at Bank Of America Corp.’s (BAC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.67. Likewise, its price to free cash flow for the trailing twelve months is 10.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.84, a number that is poised to hit 0.81 in the next quarter and is forecasted to reach 3.69 in one year’s time.
Technical Analysis of Bank Of America Corp. (BAC)
Bank Of America Corp. (NYSE: BAC) saw its 5-day average volume 40.32 million, a positive change from its year-to-date volume of 39.25 million. As of the previous 9 days, the stock’s Stochastic %D was 90.18%. Additionally, its Average True Range was 0.84.
During the past 100 days, Bank Of America Corp.’s (BAC) raw stochastic average was set at 64.14%, which indicates a significant decrease from 95.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.02% in the past 14 days, which was lower than the 23.43% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.20, while its 200-day Moving Average is $36.43. Nevertheless, the first resistance level for the watch stands at $41.03 in the near term. At $41.31, the stock is likely to face the second major resistance level. The third major resistance level sits at $41.76. If the price goes on to break the first support level at $40.30, it is likely to go to the next support level at $39.85. The third support level lies at $39.57 if the price breaches the second support level.
Bank Of America Corp. (NYSE: BAC) Key Stats
The company with the Market Capitalisation of 316.20 billion has total of 7,820,371K Shares Outstanding. Its annual sales at the moment are 171,912 M in contrast with the sum of 26,515 M annual income. Company’s last quarter sales were recorded 48,529 M and last quarter income was 6,897 M.
