A new trading day began on Monday, with Bank Of America Corp (NYSE: BAC) stock price up 0.33% from the previous day of trading, before settling in for the closing price of $46.01. BAC’s price has ranged from $33.06 to $49.31 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Financial sector company grew by 3.14% over the past five years. Meanwhile, its annual earnings per share averaged 14.38%. With a float of $7.39 billion, this company’s outstanding shares have now reached $7.44 billion.
Let’s look at the performance matrix of the company that is accounted for 213000 employees. In terms of profitability, gross margin is 51.96%, operating margin of 15.96%, and the pretax margin is 15.96%.
Bank Of America Corp (BAC) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Diversified Industry. The insider ownership of Bank Of America Corp is 0.19%, while institutional ownership is 76.12%. The most recent insider transaction that took place on Aug 01 ’25, was worth 6,761,733. In this transaction President, Global Markets of this company sold 148,391 shares at a rate of $45.57, taking the stock ownership to the 223,407 shares. Before that another transaction happened on Aug 01 ’25, when Company’s Officer proposed sale 148,391 for $47.32, making the entire transaction worth $7,021,862.
Bank Of America Corp (BAC) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.81 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.95 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 14.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.14% during the next five years compared to 3.14% growth over the previous five years of trading.
Bank Of America Corp (NYSE: BAC) Trading Performance Indicators
Here are Bank Of America Corp’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.72. Likewise, its price to free cash flow for the trailing twelve months is 15.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.41, a number that is poised to hit 0.93 in the next quarter and is forecasted to reach 4.27 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 33.6 million, a negative change from its year-to-date volume of 42.66 million. As of the previous 9 days, the stock’s Stochastic %D was 25.20%.
During the past 100 days, Bank Of America Corp’s (BAC) raw stochastic average was set at 80.63%, which indicates a significant increase from 33.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.78 in the past 14 days, which was lower than the 0.94 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $46.36, while its 200-day Moving Average is $44.26. Nevertheless, the first resistance level for the watch stands at $46.52 in the near term. At $46.87, the stock is likely to face the second major resistance level. The third major resistance level sits at $47.23. If the price goes on to break the first support level at $45.81, it is likely to go to the next support level at $45.45. Assuming the price breaks the second support level, the third support level stands at $45.10.
Bank Of America Corp (NYSE: BAC) Key Stats
With a market capitalization of 341.90 billion, the company has a total of 7,406,947K Shares Outstanding. Currently, annual sales are 192,434 M while annual income is 27,132 M. The company’s previous quarter sales were 46,666 M while its latest quarter income was 7,116 M.
