Bank of America Corporation (BAC) : The consensus on Bank of America Corporation (BAC) based on 20 analyst recommendation on the company stock is 1.65, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Bank of America Corporation (BAC) : The most positive equity analysts on Bank of America Corporation (BAC) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $17.47 with an expected fluctuation of $1.65 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Bank of America Corporation (NYSE:BAC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $14.83 and $14.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.88, notching a gain of 0.47% for the day. The total traded volume was 68,945,407 . The stock had closed at $14.81 on the previous day.
In a related news, Woods Thomas D, director of Bank Of America Corp /De/, executed a transaction worth $353,250 on August 2, 2016. A total of 25,000 shares were purchased at an average price of $14.13. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking and various nonbank subsidiaries, it provides a range of banking and nonbank financial services and products. It operates in five segments: Consumer & Business Banking, which offers a range of credit, banking and investment products and services to consumers and businesses; Consumer Real Estate Services, which provides a line of consumer real estate products and services; Global Wealth & Investment Management, which provides wealth management solutions; Global Banking, which provides a range of lending-related products and services, and Global Markets, which offers sales and trading services.