Bank of America Corporations in-depth stock price analysis indicates that the stock price has rallied 15.4% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 46.17% . Looking at the past 52 week period, the stock price is up at 93.14% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Bank of America Corporation has a positive value of 63.46 compared to overall market. Bank of America Corporation (NYSE:BAC) has tumbled 0.9% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.3% in the last four weeks. The stocks are negative as compared to the S&P 500 for the past week with a loss of 1.7%. Bank of America Corporation (NYSE:BAC) has underperformed the index by 1.49% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Bank of America Corporation (NYSE:BAC) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.04 points or 0.17% at $23.08 with 90,548,254 shares getting traded. Post opening the session at $23.19, the shares hit an intraday low of $22.96 and an intraday high of $23.24 and the price was in this range throughout the day. The company has a market cap of $232,015 million and the number of outstanding shares has been calculated to be 10,052,625,600 shares. The 52-week high of Bank of America Corporation (NYSE:BAC) is $23.55 and the 52-week low is $10.99.
Bank of America Corp Last issued its quarterly earnings results on Jan 13, 2017. The company reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.38. The company had revenue of $19990.00 million for the quarter, compared to analysts expectations of $21057.81 million. The companys revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Citigroup on Jan 11, 2017 to Buy, Raises Price Target to $ 26 from a previous price target of $19 .Bank of America Corp was Upgraded by Societe Generale to Buy on Jan 11, 2017. Company shares were Reiterated by Barclays on Jan 3, 2017 to Equal Weight, Raises Price Target to $ 26 from a previous price target of $19 .Bank of America Corp was Downgraded by Standpoint Research to Hold on Dec 1, 2016. Bank of America Corp was Upgraded by Keefe Bruyette to Outperform on Nov 29, 2016.
Company has reported several Insider transactions to the SEC, on Nov 23, 2016, Michael D White (director) purchased 25,000 shares at 20.14 per share price.On Aug 3, 2016, Thomas D Woods (director) purchased 25,000 shares at 14.13 per share price.On Feb 22, 2016, Thong M Nguyen (Pres, Ret. Bnkg & Co-Hd CB) purchased 30,000 shares at 12.43 per share price.
Bank of America Corp. is one of the worlds leading financial services companies. Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose.