Bank of America Ranks 18th in Trading Volume with 46.15 Billion Shares Exchanged

On April 7, 2025, Bank of America (BAC) saw a trading volume of 46.15 billion, ranking 18th in the day's market activity. The stock price increased by 3.46%.

Morgan Stanley upgraded Bank of America from Equal Weight to Overweight, setting a price target of $47, down from $56. The firm cited recent trade dynamics as a key factor in the upgrade. This move reflects a positive outlook on the bank's valuation and performance.

Bank of America has shown strong financial performance, with a revenue growth of 6.40% and an EPS of 3.21. The bank's return on equity stands at 9.24%, indicating robust profitability and efficient use of shareholder investments.

Analysts have been revising their estimates for Bank of America, nudging them higher since the quarter began. This trend suggests growing confidence in the bank's future prospects and financial health.