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On June 3, 2025,
(BAC) closed at $44.65, marking a 1.29% increase from the previous day's closing price. The trading volume for was 13.82 billion, ranking it 47th in the day's market activity.Bank of America's credit rating was recently confirmed at 'AA-' by Fitch, reflecting the bank's strong financial position. The rating agency highlighted BAC's high deposit-to-total funding ratio and a low gross loans-to-customer deposits ratio of 56% as of the first quarter of 2025. This robust financial health is a key factor in the bank's stable outlook.
In the past month, BAC's stock has shown impressive performance, climbing by 10.58%. This outpaces the broader Finance sector's gain of 5.39% and the S&P 500's gain of 7.37%, indicating strong investor confidence in the bank's prospects.
Looking ahead, analysts are optimistic about BAC's earnings growth. For fiscal 2025, four analysts have revised their earnings estimates upwards in the last 60 days, leading to an increase in the Zacks Consensus Estimate to $3.68. This positive revision suggests a solid year-over-year improvement in earnings, further bolstering investor sentiment.
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