Bank of America Corporation (BAC) Dips 2.5% for October 01

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday October 01 was Bank of America Corporation (BAC). The stock experienced a 2.5% decline to $28.44 with 49.43 million shares changing hands.

Bank of America Corporation started at an opening price of 29.44 and hit a high of $29.51 and a low of $28.41. Ultimately, the stock took a hit and finished the day at $0.73 per share. Bank of America Corporation trades an average of n/a shares a day out of a total 9.31 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Bank of America Corporation hit a high of $31.17 and a low of $22.66 over the last year.

Bank of America is one of the largest financial institutions in the United States, with more than $2.3 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.

With its headquarters located in Charlotte, NC, Bank of America Corporation employs 209,000 people. After today’s trading, the company’s market cap has fallen to $264.73 billion, a P/S of n/a, a P/B of 1.07, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Bank of America Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: BAC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:



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