|Bid||32.47 x 1300|
|Ask||32.48 x 3000|
|Day's range||32.45 - 32.98|
|52-week range||29.31 - 50.11|
|Beta (5Y monthly)||1.39|
|PE ratio (TTM)||10.28|
|Earnings date||13 Jan 2023|
|Forward dividend & yield||0.88 (2.67%)|
|Ex-dividend date||01 Dec 2022|
|1y target est||41.45|
All of the major indexes fell into bear market territory at various points this year with the Nasdaq Composite taking one of the bigger hits. Many Wall Street experts expect the bear market, or at the very least a correction, to stay with us well into 2023 as a recession looms. Analysts at Bank of America (NYSE: BAC) said the S&P 500 could fall to 3,240 by April, which would be a roughly 18% decline from current levels, before climbing back to around 4,000 by the end of the year -- which is essentially where it is now.
Shares of Bank of America (NYSE: BAC) were down on Tuesday, falling as much as 6% during the trading day. As of 2:45 p.m. ET, Bank of America was down 5.5%, trading at $32.58. The major indexes were all down on Tuesday, led by the Nasdaq Composite, which was down 258 points, or 2.3%, while the Dow Jones Industrial Average was down 498 points, or 1.5%, and the S&P 500 was off 77 points, or 1.9%, as of 2:45 p.m. ET.
In a recent CNN interview, Moynihan acknowledged that while a recession is possible in the new year, he's hopeful it will be brief and mild. You may need to raid your savings account to pay your bills if a recession hits and you lose your job as a result.