HSBC Securities lifts Bank Of America Corp. [BAC] price estimate. Who else is bullish?

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Bank Of America Corp. [NYSE: BAC] price surged by 2.90 percent to reach at $0.8. The company report on November 2, 2023 at 9:00 AM that Spontaneous Family Wealth Discussions and Decisions Can Lead to Regrets, Finds Merrill Study.

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A sum of 62421069 shares traded at recent session while its average daily volume was at 43.82M shares. Bank Of America Corp. shares reached a high of $28.93 and dropped to a low of $28.13 until finishing in the latest session at $28.42.

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The one-year BAC stock forecast points to a potential upside of 15.92. The average equity rating for BAC stock is currently 2.18, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Bank Of America Corp. [BAC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BAC shares is $33.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BAC stock is a recommendation set at 2.18. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

HSBC Securities have made an estimate for Bank Of America Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 07, 2023.

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The Average True Range (ATR) for Bank Of America Corp. is set at 0.77, with the Price to Sales ratio for BAC stock in the period of the last 12 months amounting to 1.35. The Price to Book ratio for the last quarter was 0.87. Price to Free Cash Flow for BAC in the course of the last twelve months was 7.33.

BAC Stock Performance Analysis:

Bank Of America Corp. [BAC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.91. With this latest performance, BAC shares gained by 9.06% in over the last four-week period, additionally plugging by 2.56% over the last 6 months – not to mention a drop of -21.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BAC stock in for the last two-week period is set at 63.11, with the RSI for the last a single of trading hit 70.54, and the three-weeks RSI is set at 58.05 for Bank Of America Corp. [BAC]. The present Moving Average for the last 50 days of trading for this stock 27.44, while it was recorded at 26.89 for the last single week of trading, and 29.66 for the last 200 days.

Insight into Bank Of America Corp. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Bank Of America Corp. [BAC] shares currently have an operating margin of +27.84. Bank Of America Corp.’s Net Margin is presently recorded at +23.82.

Return on Total Capital for BAC is now 4.13, given the latest momentum, and Return on Invested Capital for the company is 5.06. Return on Equity for this stock inclined to 10.13, with Return on Assets sitting at 0.88. When it comes to the capital structure of this company, Bank Of America Corp. [BAC] has a Total Debt to Total Equity ratio set at 186.28. Additionally, BAC Total Debt to Total Capital is recorded at 65.07, with Total Debt to Total Assets ending up at 16.68. Long-Term Debt to Equity for the company is recorded at 109.50, with the Long-Term Debt to Total Capital now at 34.27.

Reflecting on the efficiency of the workforce at the company, Bank Of America Corp. [BAC] managed to generate an average of $126,857 per employee.Bank Of America Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.04.


The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BAC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bank Of America Corp. go to 24.37%.

Bank Of America Corp. [BAC] Institutonal Ownership Details

The top three institutional holders of BAC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in BAC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in BAC stock with ownership which is approximately 5.7994%.

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