What Are The Chances Of Bank Of America Corp (NYSE: BAC) Becoming A Clear Buy?

After Hours

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.

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Stocks Info

As a NYSE listed company, BAC falls under the Financial sector while operating within the Banks – Diversified industry segment. The current market capitalization of Bank Of America Corp is $348.43B. A total of 108.26 million shares were traded on the day, compared to an average of 35.26M shares.

In the most recent transaction, BANK OF AMERICA CORP /DE/ sold 102,185 shares of BAC for 2.51 per share on Oct 28 ’24. After the transaction, the 10% Owner now owns 2 company shares. In a previous transaction on Oct 15 ’24, BERKSHIRE HATHAWAY INC sold 8,694,538 shares at 42.55 per share. BAC shares that 10% Owner owns now total 766,305,462.

Among the insiders who sold shares, BERKSHIRE HATHAWAY INC disposed of 4,002,225 shares on Oct 09 ’24 at a per-share price of $40.14. This resulted in the 10% Owner holding 776,614,511 shares of BAC after the transaction. In another insider transaction, BERKSHIRE HATHAWAY INC sold 3,933,197 shares at $39.99 per share on Oct 08 ’24. Company shares held by the 10% Owner now total 780,616,736.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Bank Of America Corp pays an annual dividend of $0.98, resulting in a dividend yield of 2.16%, and it has a price to earnings (P/E) ratio of 16.51. BAC’s most recent ex-dividend date was 12/6/2024 when it declared a $0.26 quarterly dividend that was paid in cash on 12/27/2024. Previously, the company paid the dividend on 9/27/2024 with an ex-dividend date of 9/6/2024. The BAC stock dividend was $0.26 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, BAC has a high of $44.44 and a low of $27.34.

As of this writing, BAC has an earnings estimate of $0.78 per share for the current quarter. EPS was calculated based on a consensus of 16.0 estimates, with a high estimate of $0.85 per share and a lower estimate of $0.72. The company reported an EPS of $0.35 in the last quarter

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $35.37, while its Total Shareholder’s Equity was $270.07B.

Analysts Opinion

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. 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 4.26.

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