Bank of America (BAC) Executives are Making Moves with Their Shares
Today, the Pres, Ret & Pref & Sm Bus Bnkg of Bank of America (BAC), Dean Athanasia, sold shares of BAC for $3.86M.
Following Dean Athanasia’s last BAC Sell transaction on February 18, 2015, the stock climbed by 14.8%.
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Based on Bank of America’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $28.8 billion and quarterly net profit of $7.31 billion. In comparison, last year the company earned revenue of $27.23 billion and had a net profit of $6.92 billion. Currently, Bank of America has an average volume of 61.8M. BAC’s market cap is $287.3B and the company has a P/E ratio of 11.16.
Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $34.50, reflecting a 14.9% upside.
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