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Bank Of America Corporation (NYSE:BAC)
Stock Analysis

BAC26.92
▲ 1.36%0.36

Stock Analysis

The following stock analysis is based on 8.1 years of data (i.e. since Jul 23, 2012). All the stock history has been downloaded.

Stock Exchange

Bank Of America Corporation trades on the NYSE exchange in USD dollars.

Sector

It is in the financial sector.

Current Status of Bank Of America Corporation

It is currently trading at $26.92 ($26.56 the previous day).It pays a 2.71% dividend.

Financials

The next reporting date is in 63 days (2020 10 14).

CNN estimates profits for the upcoming quarter will be $0.40 per share ($20.8B). The current Canada / US exchange rate is 1.33381.



Over the past 12 months, $66197 worth of shares have been purchased and $1492335 worth of shares have been sold by insiders.

Will This Trend Continue?

The year over year average increase is 7.7% per year assuming steady exponential growth. The actual 5 year average is 13.24. Details on the individual increase in one year intervals is provided below.

Past PerformanceAverage PricePercent Change
1 year28.266539896373-1.2- Below Average
2 year28.615111971831-1.7- Below Average
3 year29.10953974895433.1+ Above Average
4 year21.86703252032546.1+ Above Average
5 year14.964150943396-10.1- Below Average
Bank Of America Corporation is projected by analysts to get to $27.50 within the next 12 months (2.2%), but preticted targets range from as high as $38.00 (41.2%) and as low as $23(-14.6%).

Risk

The worst drop it has had in recent years is -49.3%. It has a few bumps shape to the stock curve, which means the stock generally continues on a consistent trend and does not have to be checked often, but can have some variation during periods of volitility.

Stock shape test

DAYS AG0PRICE
1024.36RISING
3023.1RISING
6028.54DROPPING
15023.055RISING
36528.38DROPPING
80029.4DROPPING
120023.65RISING
160013.62RISING
200016.63DROPPING


With an average increase of 7.7% year over year, if Bank Of America Corporation is bought at the worst time, Stockmarketizer analysts estimate it will take 76.8 months before the stock will recover to the original purchase price. The P/E value is 12.95. The stock is under valued as the industry standard in the financial sector is a P/E of 13.24.

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Yahoo News Feed

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Tue, 11 Aug 2020 20:41:00 Bank stocks climbed on Tuesday, as positive COVID-19 vaccine news boosted investors' hopes for an economic recovery. Bank stocks rose on positive coronavirus vaccine developments. If Russia's vaccine is confirmed to be effective against COVID-19, JPMorgan Chase, Wells Fargo, Citigroup, ...... Read Full Article

Bank of America Corp. stock underperforms when compared to competitors despite strong trading day

Tue, 11 Aug 2020 20:25:00 COMPANY CLOSE UPDATES Terrence Horan Shares of Bank of America Corp. BAC advanced 1.36% to $26.92 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the SandP 500 Index SPX falling 0.... Read Full Article

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Tencent-Backed Waterdrop Raises Funds at $2 Billion Value

Tue, 11 Aug 2020 03:14:50 (Bloomberg) -- Waterdrop Inc. has raised about $200 million to bankroll its expansion in healthcare crowdfunding, according to people familiar with the matter.The insurance tech startup, backed by Tencent Holdings Ltd., raised the money at a valuation of around $2 billion, ...... Read Full Article

Investors ready for up to US$2.5bn in debt for Blackstoneand's Ancestry.com buy

Mon, 10 Aug 2020 21:12:07 The Blackstone Group's acquisition of human genealogy provider Ancestry.com is expected to be backed with up to US$2.5bn of new debt financing, according to two sources familiar with the sale. Bank of America and Credit Suisse have provided ...... Read Full Article

Berkshire Hathawayand's Earnings Release Shows Buffettand's Recent Moves

Mon, 10 Aug 2020 17:30:44 A look at what Warren Buffett was up to in the second quarter Continue reading...... Read Full Article

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Sat, 08 Aug 2020 16:32:00 The bulk of that, $9.8 billion, was attributed to its Precision Castparts division, which has been hard hit by the aerospace slump. Berkshire paid about $32 billion in 2016 to purchase the maker of aircraft parts. Operating income excluding investment gains totaled $5.5 billion, ...... Read Full Article

Troubling Signs In Second-Quarter Earnings

Sat, 08 Aug 2020 15:14:33 Second-quarter gross domestic product fell 33% (on an annualized basis) according to the Commerce Department. It took years for the United States to claw its way out of the last economic recession in 2008. With key second-quarter data points coming in, what ...... Read Full Article

Bank of America Stocks Chief Gallo Considers Leaving After Snub

Sat, 08 Aug 2020 15:03:08 (Bloomberg) -- When Bank of America Corp. recently elevated its next class of senior executives, one name was conspicuously absent: Fab Gallo.Few would have bet against the marathon-running head of the firm’s global equities division, especially after he ...... Read Full Article

Berkshire takes big writedown for Precision Castparts, operating profit falls

Sat, 08 Aug 2020 12:10:15 ... Read Full Article

Bank of America Corp. stock rises Friday, outperforms market

Fri, 07 Aug 2020 20:25:00 COMPANY CLOSE UPDATES Terrence Horan Shares of Bank of America Corp. BAC rose 2.51% to $26.11 Friday, on what proved to be an all-around favorable trading session for the stock market, with the SandP 500 Index SPX rising 0.... Read Full Article

Gold shows flight from stocks: BofA

Fri, 07 Aug 2020 17:16:31 Yahoo Finance’s On The Move panel weigh in on the latest stories making headlines.... Read Full Article

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Fri, 07 Aug 2020 16:11:53 Largest insider trades of the week Continue reading...... Read Full Article
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