There’s No Need To Panic Or Freeze When It Comes To Bank Of America Corp. (NYSE: BAC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NYSE and operates within the Banks – Diversified industry segment. The current market capitalization of Bank Of America Corp. is $330.80B. A total of 42.2 million shares were traded on the day, compared to an average of 35.20M shares.

In the most recent transaction, BERKSHIRE HATHAWAY INC sold 12,291,807 shares of BAC for 43.13 per share on Jul 19 ’24. After the transaction, the 10% Owner now owns 998,961,079 company shares. In a previous transaction on Jul 18 ’24, BERKSHIRE HATHAWAY INC sold 8,908,427 shares at 43.45 per share. BAC shares that 10% Owner owns now total 1,011,252,886.

Among the insiders who sold shares, BERKSHIRE HATHAWAY INC disposed of 12,690,693 shares on Jul 17 ’24 at a per-share price of $44.07. This resulted in the 10% Owner holding 1,020,161,313 shares of BAC after the transaction. In another insider transaction, BANK OF AMERICA CORP /DE/ bought 263 shares at $23.75 per share on Jun 28 ’24. Company shares held by the 10% Owner now total 263.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Bank Of America Corp. pays an annual dividend of $0.96, resulting in a dividend yield of 2.27%, and it has a price to earnings (P/E) ratio of 14.86. BAC’s most recent ex-dividend date was 6/7/2024 when it declared a $0.24 quarterly dividend that was paid in cash on 6/28/2024. Previously, the company paid the dividend on 3/29/2024 with an ex-dividend date of 2/29/2024. The BAC stock dividend was $0.24 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, BAC has a high of $44.44 and a low of $24.96.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $34.39, while its Total Shareholder’s Equity was $270.07B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BAC is Buy with a score of 4.00.

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