Large-cap finance company Bank of America has moved 4.6% this evening, reaching $27.62 per share. In contrast, the average analyst target price for the stock is $32.07.
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company is based in the United States. Bank of America currently returns an annual dividend yield of 3.4%.
Make Sure to Consider the Following Before Buying Bank of America:
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Bank of America has moved -22.0% over the last year.
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BAC has a forward P/E ratio of 9.0 based on its EPS guidance of 3.07.
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Over the last 6 years, earnings per share (EPS) have been growing at a compounded average rate of 4.9%.
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The company has a price to earnings growth (PEG) ratio of 2.06.
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Its Price to Book (P/B) ratio is 0.85
Bank of America Has Irregular Cash Flows
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 44,638,000 | nan | 44,638,000 | 805.52 |
| 2022 | -6,327,000 | nan | -6,327,000 | 12.04 |
| 2021 | -7,193,000 | nan | -7,193,000 | -118.93 |
| 2020 | 37,993,000 | nan | 37,993,000 | -38.5 |
| 2019 | 61,777,000 | nan | 61,777,000 | 56.32 |
| 2018 | 39,520,000 | nan | 39,520,000 |
Bank of America's free cash flows have a decent average of $28.4 Billion over the last 6 years, but they are highly variable since their coefficient of variability is 314.8%. The compounded average growth rate over this period is 2.1%.
