Bank of America Corporation (BAC) : Traders are bullish on Bank of America Corporation (BAC) as it has outperformed the S&P 500 by a wide margin of 9.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.43%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.75% in the last 1 week, and is up 8.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 5.6% and the fifty day Moving Average is 11.68%. Bank of America Corporation is up 6.48% in the last three month period. Year-to-Date the stock performance stands at -5.5%.
Bank of America Corporation (BAC) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $20 and the lowest price target forecast is $15. The average forecast of all the analysts is $17.58 and the expected standard deviation is $1.68.
Bank of America Corporation (NYSE:BAC): stock turned positive on Friday. Though the stock opened at $15.61, the bulls momentum made the stock top out at $15.9 level for the day. The stock recorded a low of $15.58 and closed the trading day at $15.79, in the green by 1.67%. The total traded volume for the day was 126,886,261. The stock had closed at $15.53 in the previous days trading.
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.