Bank Of America traded at $50.01 this Friday October 30th, decreasing $1.13 or 2.21 percent since the previous trading session. Looking back, over the last four weeks, Bank Of America lost 6.92 percent. Over the last 12 months, its price fell by 6.44 percent. Looking ahead, we forecast Bank Of America to be priced at 48.95 by the end of this quarter and at 45.90 in one year, according to Trading Economics global macro models projections and analysts expectations.
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.