During Thursday’s Afternoon trade, Shares of Bank of America Corp (NYSE:BAC), inclined 1.35% to $16.12. The firm opened its current trade at $16.00, and as of now, it is trading at $16.10. The total volume traded for the day is 51.66M shares, as compared to its average daily volume of 83.20M shares. The stock is floating in a range of $15.99 - $16.20. The stock hold a the market capitalization of $165.44B
Today, Bank of America Corporation declared the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.05 per share, payable December 24 to shareholders of record as of December 4.
The board also declared a regular quarterly cash dividend of $1.75 per share on the 7 percent Cumulative Redeemable Preferred Stock, Series B. The dividend is payable January 25, 2016 to shareholders of record as of January 11, 2016.
Short-Term Price Target Update: The mean estimate for the short-term price target for the firm stands at $18.55, according to 28 brokers. The higher price target for BAC is $21.00, while the lower price target is $15.50. In the past 52-weeks, the company shares have declined -1.71% and marked new low $14.60on Aug 24, 2015.
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments. Its Consumer and Business Banking segment offers a range of deposits and consumer lending services.
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