Is Bank Of America Corp (NYSE: BAC) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

BAC belongs to the Financial sector of the NYSE while operating in the Banks – Diversified industry. The current market capitalization of Bank Of America Corp is $351.95B. A total of 36.85 million shares were traded on the day, compared to an average of 36.75M 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Bank Of America Corp pays an annual dividend of $0.98, resulting in a dividend yield of 2.14%, and it has a price to earnings (P/E) ratio of 16.67. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, BAC has a high of $46.52 and a low of $27.42.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. Its Book Value Per Share was $35.37, while its Total Shareholder’s Equity was $270.07B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after 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 4.35.

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