Bank Of America Corp (NYSE: BAC) kicked off on Friday, down -0.14% from the previous trading day, before settling in for the closing price of $41.82. Over the past 52 weeks, BAC has traded in a range of $26.15-$44.44.
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During the last 5-year period, the sales growth of Financial Sector giant was 12.08%. While this was happening, its average annual earnings per share was recorded 4.21%. With a float of $7.66 billion, this company’s outstanding shares have now reached $7.90 billion.
Let’s determine the extent of company efficiency that accounts for 213000 employees. In terms of profitability, gross margin is 25.15%, operating margin of 38.63%, and the pretax margin is 26.71%.
Bank Of America Corp (BAC) Breakdown of a Key Holders of the stock
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 0.17%, while institutional ownership is 71.07%. The most recent insider transaction that took place on Oct 28 ’24, was worth 256,484. In this transaction 10% Owner of this company sold 102,185 shares at a rate of $2.51, taking the stock ownership to the 2 shares. Before that another transaction happened on Oct 15 ’24, when Company’s 10% Owner sold 8,694,538 for $42.55, making the entire transaction worth $369,928,036. This insider now owns 766,305,462 shares in total.
Bank Of America Corp (BAC) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.35 earnings per share (EPS), lower than consensus estimate (set at 0.68) by -0.33. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.85 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.21% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.04% 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 1.64. Likewise, its price to free cash flow for the trailing twelve months is 17.64.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.75, a number that is poised to hit 0.78 in the next quarter and is forecasted to reach 3.69 in one year’s time.
Technical Analysis of Bank Of America Corp (BAC)
Looking closely at Bank Of America Corp (NYSE: BAC), its last 5-days average volume was 28.86 million, which is a drop from its year-to-date volume of 38.41 million. As of the previous 9 days, the stock’s Stochastic %D was 27.90%. Additionally, its Average True Range was 0.79.
During the past 100 days, Bank Of America Corp’s (BAC) raw stochastic average was set at 71.18%, which indicates a significant increase from 10.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.56% in the past 14 days, which was lower than the 22.95% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.51, while its 200-day Moving Average is $38.34. However, in the short run, Bank Of America Corp’s stock first resistance to watch stands at $42.21. Second resistance stands at $42.66. The third major resistance level sits at $42.89. If the price goes on to break the first support level at $41.53, it is likely to go to the next support level at $41.30. Now, if the price goes above the second support level, the third support stands at $40.85.
Bank Of America Corp (NYSE: BAC) Key Stats
The company with the Market Capitalisation of 319.96 billion has total of 7,672,879K 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 48,869 M and last quarter income was 6,896 M.
