Shares of Bank of America have moved -1.3% today, and are now trading at a price of $27.8. In contrast, the S&P 500 index saw a -0.0% change. Today's trading volume is 10,853,964 compared to the stock's average volume of 44,570,614.
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. Based in Charlotte, United States the company has 213,000 full time employees and a market cap of $219,962,130,432. Bank of America currently offers its equity investors a dividend that yields 3.2% per year.
The company is now trading -13.33% away from its average analyst target price of $32.07 per share. The 25 analysts following the stock have set target prices ranging from $25.46 to $46.21, and on average give Bank of America a rating of buy.
Over the last 12 months BAC shares have declined by -23.0%, which represents a difference of -40.0% when compared to the S&P 500. The stock's 52 week high is $38.6 per share and its 52 week low is $24.96. With its net margins declining an average -1.6% over the last 6 years, Bank of America declining profitability gives us reason to believe its stock price will continue to underwhelm.
| Date Reported | Total Revenue ($ k) | Net Profit ($ k) | Net Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 105,705,000 | 29,783,000 | 28 | 0.0 |
| 2022 | 94,950,000 | 27,528,000 | 28 | -22.22 |
| 2021 | 89,113,000 | 31,978,000 | 36 | 71.43 |
| 2020 | 85,528,000 | 17,894,000 | 21 | -30.0 |
| 2019 | 91,244,000 | 27,430,000 | 30 | -3.23 |
| 2018 | 91,020,000 | 28,147,000 | 31 |
