Despite Interest Rate Headwinds, Bank of America Stock Is Still A Good Investment. After more than a 60% gain since the March 23 lows of this year, at the current price of $30 per share we believe Bank of America Stock (NYSE: BAC ) has some more room for growth.
Revenue for Bank of America (ticker: BAC ) came in weaker than expected as the bank —like others in its cohort—contends with the economic impact of the coronavirus pandemic. Shares of the bank dropped 5% Wednesday, while the S&P 500 has declined 0.7%, and the Dow Jones Industrial Average slipped 0.6%.
The Expected Return for Value Investors That represents a return of 210% over the next three years. On a compounded basis, that is a 28% per average ROI. This is why Bank of America is a very good investment right now , especially for value investors who like to buy stocks below book value.
Bank Of America – 35 Year Stock Price History | BAC The all-time high Bank Of America stock closing price was 54.90 on November 16, 2006. The Bank Of America 52-week high stock price is 35.45, which is 19.6% above the current share price . The Bank Of America 52-week low stock price is 17.95, which is 39.5% below the current share price .
Bank stocks can be excellent long-term investment opportunities, but they aren’t right for all investors. Bank stocks are near the middle of the risk spectrum. They can be recession-prone and are sensitive to interest rate fluctuations, just to name two major risk factors.
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Pfizer (PFE, $37.33) is the first of several big, blue-chip pharma stocks that Warren Buffett recently added to his stable of stocks. It’s a tiny position compared to the other new stakes, however. Berkshire Hathaway bought 3.7 million shares worth $136.2 million.
Bank of America
|The Bank of America Corporate Center, headquarters of Bank of America in Charlotte, North Carolina|
|Owners||Berkshire Hathaway (93.9%) The Vanguard Group (7.1%) BlackRock (6.2%)|
|Number of employees||208,000 (2019)|
|Divisions||BofA Securities Merrill Bank of America Private Bank|
|Capital ratio||11.8% (2017)|
Bank of America has received a consensus rating of Buy . The company’s average rating score is 2.57, and is based on 15 buy ratings, 6 hold ratings, and 2 sell ratings.
Bank of America has a ” buy ” rating and $79 price target for C stock . Next: Analyst Erika Najarian says Citigroup is a particularly attractive value stock within an already undervalued financial sector that is poised to outperform in 2021.
Bank of America Corporation – Buy Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of BAC, demonstrate its potential to underperform the market. It currently has a Growth Score of F.
Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.18 per share, payable on December 24, 2020 to shareholders of record as of December 4, 2020.
Top Warren Buffett Stocks By Size Bank of America ( BAC ), 1.01 billion. Apple (AAPL), 944.3 million. Coca-Cola (KO), 400 million. Kraft Heinz (KHC), 325.6 million. American Express (AXP), 151.6 million. U.S. Bancorp (USB), 131.9 million. Wells Fargo (WFC), 127.4 million. General Motors (GM), 80 million.
Bank of America (NYSE: BAC) has split its shares three times since 1978, but only once as the modern-day B of A we know today. The last split occurred on Aug. 27, 2004, when Bank of America paid a stock dividend to split its shares two for one.
Thanks to the financial crisis-era acquisition of Merrill Lynch, Bank of America is the world’s largest wealth-management corporation. It has the top U.S. wealth-management market share and the top share of personal trust assets and high-net-worth client assets.