Analysts who follow Bank of America Corp (BAC) on average expect it to increase 9.98% over the next twelve months. Those same analysts give the stock an average rating of Buy.
That average rating earns the stock an Analyst Ranking of 29, which means it ranks higher than 29 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Analytical research by professionals can be extremely useful when making investment decisions in the stock market. Analysts are able to observe industries in detail and learn how geographical impacts can affect a company's balance sheet. This information allows investors to make decisions ahead of the curve.
Investors Observer combines the ratings from these analysts and proceeds to percentile rank them. This grants you the ability to compare stocks in a comprehensive fashion as oppossed to a standard buy/hold/sell rating.
What's Happening With Bank of America Corp Stock Today?
Bank of America Corp (BAC) stock is trading at $25.46 as of 3:38 PM on Thursday, Aug 6, a rise of $0.07, or 0.26% from the previous closing price of $25.39. Volume today is low. So far 34,493,231 shares have traded compared to average volume of 64,115,108 shares. The stock has traded between $25.28 and $25.67 so far today.
