Make Sure You Stick With Bank Of America Corp. (BAC). It’s Bull Time Again

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed BofA Patents Increase Nearly 70% in 5 Years.

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Stocks Info

Bank Of America Corp. is listed on the NYSE in the Financial sector while operating in the Banks – Diversified industry. The current market capitalization of Bank Of America Corp. is $280.27B. A total of 42.74 million shares were traded on the day, compared to an average of 41.88M shares.

In the most recent transaction, BANK OF AMERICA CORP /DE/ bought 5,398 shares of BAC for 10.56 per share on Dec 27 ’23. After the transaction, the 10% Owner now owns 5,398 company shares. In a previous transaction on Dec 15 ’23, BANK OF AMERICA CORP /DE/ sold 900 shares at 9.72 per share. BAC shares that 10% Owner owns now total 0.

Among the insiders who bought shares, BANK OF AMERICA CORP /DE/ acquired of 900 shares on Dec 13 ’23 at a per-share price of $9.58. This resulted in the 10% Owner holding 900 shares of BAC after the transaction. In another insider transaction, BANK OF AMERICA CORP /DE/ bought 44,985 shares at $9.97 per share on Nov 20 ’23. Company shares held by the 10% Owner now total 44,985.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Bank Of America Corp. pays an annual dividend of $0.94, resulting in a dividend yield of 2.64%, and it has a price to earnings (P/E) ratio of 11.58. BAC’s most recent ex-dividend date was 2/29/2024 when it declared a $0.24 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 11/30/2023. The BAC stock dividend was $0.24 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, BAC has a high of $35.90 and a low of $24.96.

As of this writing, BAC has an earnings estimate of $0.77 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.86 per share and a lower estimate of $0.72. The company reported an EPS of $0.9 in the last quarter, which was 9.80% higher than expectations of $0.82.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $33.34, while its Total Shareholder’s Equity was $270.07B.

Analysts Opinion

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. 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 3.74.

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