|Bid||16.18 x 800|
|Ask||22.18 x 1000|
|Day's range||18.99 - 19.24|
|52-week range||17.00 - 24.12|
|Beta (5Y monthly)||1.38|
|PE ratio (TTM)||5.40|
|Forward dividend & yield||0.77 (3.94%)|
|Ex-dividend date||12 Aug 2022|
|1y target est||N/A|
Bank of America (BAC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
With rising interest rates, Bank of America has seen net interest income start to ramp up this year.
Since hitting a record high during the first week of January, the broad-based S&P 500 has gone on to lose as much as 24% of its value and delivered its worst first-half performance in 52 years. The growth stock-focused Nasdaq Composite has performed even worse, with a peak-to-trough decline of 34% since mid-November. This is something Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett knows all too well.