Bank of America Corporation (NYSE:BAC) traded at a new 52-week high today of $44.06. This new high was reached on below average trading volume as 9.9 million shares traded hands, while the average 30-day volume is approximately 47.1 million shares.
Over the past year, Bank of America Corporation has traded in a range of $23.12 to $44.06 and is now at $43.80, 89% above that low.
Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America’s consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. The company’s Merrill Lynch operations provide brokerage and wealth-management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries.
Based on a current price of $43.80, Bank of America Corporation is currently 9.1% above its average consensus analyst price target of $39.83.
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