One of the S&P 500’s big losers for Monday December 21 was Bank of America Corp. (BAC). The company’s stock fell 3.12% to $16.76 on volume of 136.74 million shares.
The stock opened the day at 17.19 and traded between a low of $16.76 and a high of $17.27. The stock finished the day down $0.54 per share. Bank of America Corp. has an average daily volume of 87.68 million and a total float of 10.41 billion shares. The 50-day SMA for Bank of America Corp. is $17.00 and its 200-day SMA is $16.55. The high for the stock over the last 52 weeks is $18.48 and the low is $14.60.
Bank of America Corporation is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and non-banking financial services and products throughout the United States and in selected international markets.
Bank of America Corp. is centered in Charlotte, NC, and has 215,200 employees. Today’s trading day leaves the company with a market cap of $174.51 billionwith a P/E Ratio of 12.4. The company has a P/S ratio of 1.94, P/B ratio of 0.75, and a 10.1.
For a complete fundamental analysis analysis of Bank of America Corp., check out Equities.com’s Stock Valuation Analysis report for BAC. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
The S&P 500 represents the industry standard for large-cap indices. While the Dow Jones Industrial Average (DJIA) may be the most visible stock market index in the country, the S&P 500 has long been relied on by industry insiders and fund managers as the more reliable gauge of portfolio performance.
While the DJIA is price-weighted and only includes 30 stocks, the S&P 500 uses a weighting system that factors in market cap and the size of a company’s free float while including some 500 stocks for a more comprehensive look at the broader markets’ performance. Its performance is far more representative of the large- and mega-cap stocks for any period of time.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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