Shares of Finance sector company Bank of America moved 3.4% Friday, and are now trading at a price of $29.52. The large-cap stock's daily volume was 80,246,677 compared to its average volume of 57,517,127. The S&P 500 index returned a -0.0% performance.
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company is based in Charlotte and has 217,000 full time employees. Its market capitalization is $236,138,758,144. Bank of America currently offers its equity investors a dividend that yields 3.0% per year.
23 analysts are following Bank of America and have set target prices ranging from $28.0 to $45.0 per share. On average, they have given the company a rating of buy. At today's prices, BAC is trading -18.39% away from its average analyst target price of $36.17 per share.
Over the last year, BAC shares have gone down by -24.0%, which represents a difference of -18.0% when compared to the S&P 500. The stock's 52 week high is $40.37 per share and its 52 week low is $26.32. Although Bank of America's average free cash flow over the last four years has been $21,562,500,000.0, they have been decreasing at an average rate of -46.0%. For this reason, investors may continue to shun the stock.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | FreeCashFlow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | -6,327,000 | n/a | -6,327,000 | 12.04 |
| 2021-12-31 | -7,193,000 | n/a | -7,193,000 | -118.93 |
| 2020-12-31 | 37,993,000 | n/a | 37,993,000 | -38.5 |
| 2019-12-31 | 61,777,000 | n/a | 61,777,000 | n/a |
