On Monday, Bank Of America Corp (NYSE: BAC) was -1.54% drop from the session before settling in for the closing price of $47.40. A 52-week range for BAC has been $32.35 – $48.08.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 13.15%. When this article was written, the company’s average yearly earnings per share was at 15.52%. With a float of $7.59 billion, this company’s outstanding shares have now reached $7.61 billion.
The extent of productivity of a business whose workforce counts for 213000 workers is very important to gauge. In terms of profitability, gross margin is 60.58%, operating margin of 29.51%, and the pretax margin is 24.56%.
Bank Of America Corp (BAC) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Bank Of America Corp stocks. The insider ownership of Bank Of America Corp is 0.33%, while institutional ownership is 74.18%. The most recent insider transaction that took place on Feb 04 ’25, was worth 21,793. In this transaction 10% Owner of this company bought 1,900 shares at a rate of $11.47, taking the stock ownership to the 1,900 shares. Before that another transaction happened on Feb 04 ’25, when Company’s 10% Owner sold 1,900 for $11.46, making the entire transaction worth $21,774. This insider now owns 0 shares in total.
Bank Of America Corp (BAC) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.94 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.80% during the next five years compared to 3.12% growth over the previous five years of trading.
Bank Of America Corp (NYSE: BAC) Trading Performance Indicators
You can see what Bank Of America Corp (BAC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.80. Likewise, its price to free cash flow for the trailing twelve months is 19.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.22, a number that is poised to hit 0.82 in the next quarter and is forecasted to reach 4.38 in one year’s time.
Technical Analysis of Bank Of America Corp (BAC)
The latest stats from [Bank Of America Corp, BAC] show that its last 5-days average volume of 30.72 million was inferior to 35.75 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 75.26%. Additionally, its Average True Range was 0.89.
During the past 100 days, Bank Of America Corp’s (BAC) raw stochastic average was set at 84.93%, which indicates a significant increase from 54.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.18% in the past 14 days, which was lower than the 22.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $45.94, while its 200-day Moving Average is $41.87. Now, the first resistance to watch is $47.35. This is followed by the second major resistance level at $48.03. The third major resistance level sits at $48.50. If the price goes on to break the first support level at $46.19, it is likely to go to the next support level at $45.72. The third support level lies at $45.04 if the price breaches the second support level.
Bank Of America Corp (NYSE: BAC) Key Stats
There are 7,672,879K outstanding shares of the company, which has a market capitalization of 355.20 billion. As of now, sales total 192,434 M while income totals 27,132 M. Its latest quarter income was 46,965 M while its last quarter net income were 6,665 M.
