BANK OF AMERICA CORPORATION Last 5 Year Stock GraphThe above graph shows the monthly share price for Bank Of America Corporation over the graph period. The share price tells us how much it would cost to buy one share in the company and the graph highlights recent trends. The legally recognized name of the firm is Bank Of America Corporation, and the enterprise was created in 1998. The company’s profile is as follows Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients’ needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The company is a leading player in the global market, with a market capitalization among the highest in the world which is a total of306891309900. This calculation is obtained by multiplying the number of shares in the market by the current share price, providing an insight into the company’s market value. Financial OverviewThe company is currently trading at -12.36% below its 52-week high. The 52 week high provides interested parties with the idea of how much the security has moved in the last year and whether it is trading near this high. The price to earnings ratio of the company is 13.931, this number indicates the amount a company earns compared to the price it costs to buy the company. Some investors would see a low price to earnings ratio provides as providing value. Analysts will usually compare price to earnings ratio of companies within the same industry group. Companies with high price to earnings ratio are considered as growth stocks, whilst companies with low price to earnings ratio are considered as value stocks. The beta of Bank Of America Corporation is 1.3428, this is a technical term for the level of volatility a company has when compared to the overall market. The S&P 500 has a beta of 1, so stocks with beta values greater than 1 tend to move with more momentum when compared to the overall stock market and is therefore more volatile than the overall stock market. Whilst betas of less than 1 signal that the stock is less volatile than the market and may be safer, in times of uncertainty, certain investors will increase the number of stocks that have betas less than one. Investment ProfitsIf you would have invested $100 in BANK OF AMERICA CORPORATION 5 years ago today, you would have made a profit of $33.66. Key Metrics Updated DailyOfficial Name Bank Of America Corporation Beta: 1.3428 52 Week High: 44.44 52 Week Low: 24.96 Change: 0.45 Number of Employees: 212000 Exchange: New York Stock Exchange Headquarters: Bank Of America Corporate Center, 100 N Tryon St, CHARLOTTE, NC, 28255 US Industry: Banking Services Year incorporated: 1998
Bank Of America Corporation – What to look out for in 2024Top 10 key bullet points that investors should look out for when investing in Bank of America:
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