Bank of America Corporation with ticker code (BAC) have now 23 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 53 and 33 suggesting an average Analsyt target price of $40.43. Given that the stocks previous close was at $28.97 this now indicates there is a potential upside of 39.6%. It’s also worth noting that there is a 50 day moving average of $33.97 and the 200 day MA is $33.89. The market cap for the company is $222,540m. Find out more information at: https://www.bankofamerica.com
The potential market cap would be $310,573m based on the market consensus.
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. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company’s Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutionsluding specialty asset management services. Its Global Banking segment provides lending products and servicesluding commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company’s Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. The company was founded in 1784 and is based in Charlotte, North Carolina.
The company has a dividend yield of 3.04% with the ex dividend date set at 2-3-2023 (DMY).
Other points of data to note are a P/E ratio of 9.09, revenue per share of 11.39 and a 0.89% return on assets.
