Will current price volatility hamper Bank of America Corporation (BAC) future potential?
Bank of America Corporation (NYSE:BAC) has a beta value of 1.55 and has seen 47,578,664 shares traded in the last trading session. The company, currently valued at $343.37 Billion, closed the last trade at $40.07 per share which meant it lost -$1.08 on the day or -2.62% during that session. The BAC stock price is -8.54% off its 52-week high price of $43.49 and 44.12% above the 52-week low of $22.39. If we look at the companys 10-day average daily trading volume, we find that it stood at 31.82 Million shares traded. The 3-month trading volume is 44.14 Million shares. The consensus among analysts is that Bank of America Corporation (BAC) is an Overweight stock at the moment, with a recommendation rating of 2.2. 2 analysts rate the stock as a Sell, while 2 rate it as Overweight. 7 out of 27 have rated it as a Hold, with 15 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.77. Bank of America Corporation (NYSE:BAC) trade information  Despite being -2.62% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 29 when the BAC stock price touched $41.95- or saw a rise of 4.48%. Year-to-date, Bank of America Corporation shares have moved 32.2%, while the 5-day performance has seen it change -3.59%. Over the past 30 days, the shares of Bank of America Corporation (NYSE:BAC) have changed -7.4%. Short interest in the company has seen 83.09 Million shares shorted with days to cover at 1.88. Wall Street analysts have a consensus price target for the stock at $43.79, which means that the shares value could jump 9.28% from current levels. The projected low price target is $35 while the price target rests at a high of $52. In that case, then, we find that the current price level is +29.77% off the targeted high while a plunge would see the stock lose -12.65% from current levels. Bank of America Corporation (BAC) estimates and forecasts  Figures show that Bank of America Corporation shares have outperformed across the wider relevant industry. The companys shares have gained +33.43% over the past 6 months, with this year growth rate of 65.78%, compared to 34.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 108.1% and 41.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +3%. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +7.4% over the past 5 years. Earnings growth for 2021 is a modest -32% while over the next 5 years, the companys earnings are expected to increase by 24.27%. BAC Dividends  Bank of America Corporation is expected to release its next earnings report between July 14 and July 14 this year, and investors are excited at the prospect of better dividends despite the companys debt issue. The forward dividend is 0.84 at a share yield of 2.1%. The companys dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 1.85%. 5 Stocks Under $10 That Are Poised to Take Off Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck. Add them to your watchlist before they take off! Get the Top 5 Stocks Now! Sponsored  Bank of America Corporation (NYSE:BAC)s Major holders  Insiders own 0.12% of the company shares, while shares held by institutions stand at 73.17% with a share float percentage of 73.25%. Investors are also buoyed by the number of investors in a company, with Bank of America Corporation having a total of 3097 institutions that hold shares in the company. The top two institutional holders are Berkshire Hathaway, Inc with over 1.01 Billion shares worth more than $39.08 Billion. As of March 30, 2021, Berkshire Hathaway, Inc held 11.79% of shares outstanding. The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 621.6 Million shares as of March 30, 2021. The firms total holdings are worth over $24.05 Billion and represent 7.25% of shares outstanding. Also the top two Mutual Funds that are holding companys shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of March 30, 2021, the former fund manager holds about 2.56% shares in the company for having 219000000 shares of worth $8.47 Billion while later fund manager owns 155.57 Million shares of worth $6.02 Billion as of March 30, 2021, which makes it owner of about 1.82% of companys outstanding stock.