Over the past three months, Bank of America Corporation [BAC] ended the trading day at $26.68 and exhibited a change of -1.09% with a 24 hour trading and reached upto the volume of 61.02M compared to its recorded trading volume of 15.44 million. BAC generated a 1 year amount change with -17.47%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 1.09% with an amount shift of 12.18% over the last month.

On 19, November 2020, Bank of America Expands the Bank of America Institute for Women’s Entrepreneurship at Cornell. According to news published on Yahoo Finance, Adds 30,000 Seats and Develops Spanish Language Curriculum.

Analyst Birdseye View:

The most recent analyst activity for Bank of America Corporation [NYSE:BAC] stock was on July 09, 2020, when it was Downgrade with a Neutral rating from DA Davidson, which also lowered its 12-month price target on the stock from $27 to $25. Before that, on September 03, 2020, Deutsche Bank Recapitulated a Buy rating and elevated its amount target to $29. On July 08, 2020, Seaport Global Securities Initiated a Neutral rating. On July 07, 2020, Societe Generale Upgrade a Buy rating. On April 14, 2020, Societe Generale Upgrade a Hold rating. On April 02, 2020, DA Davidson Upgrade a Buy rating and boosted its amount target on this stock to $24. On March 25, 2020, Wolfe Research Downgrade a Peer perform rating. On March 17, 2020 Robert W. Baird Upgrade an Outperform rating and elevated its amount target to $34.

In the past 52 weeks of trading, this stock has oscillated between a low of $17.95 and a peak of $35.72. Right now, the middling Wall Street analyst 12-month amount mark is $28.00. At the most recent market close, shares of Bank of America Corporation [NYSE:BAC] were valued at $26.68. According to the average price forecast, investors can expect a potential return of -2.36%.

FUNDAMENTAL ANALYSIS

Bank of America Corporation [NYSE:BAC] most recently reported quarterly sales of 11.49 billion, which represented growth of -35.90%. This publicly-traded organization’s revenue is $546,216 per employee, while its income is $131,875 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.14, 10.35, 4.76 and 5.80 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 62.44 and the whole liability to whole assets at 18.01. It shows enduring liability to the whole principal at 31.89 and enduring liability to assets at 0.09 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 26.75 points at 1st support level, the second support level is making up to 26.52. But as of 1st resistance point, this stock is sitting at 27.11 and at 27.24 for 2nd resistance point.

Bank of America Corporation [BAC] reported its earnings at $0.51 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.49/share signifying the difference of 0.02 and 4.10% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.37 calling estimates for $0.27/share with the difference of 0.1 depicting the surprise of 37.00%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.93, it’s amount to book ratio is 1.29 and showing 13.33 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by BANK OF AMERICA CORP /DE/, 10% Owner, and it was the purchase of 5.0 shares on Dec 29. BANK OF AMERICA CORP /DE/, the 10% Owner, completed a purchase of 3.0 shares on Dec 21. On Sep 14, BANK OF AMERICA CORP /DE/, 10% Owner, completed a purchase of 165.0 shares.