Bank of America Corp (NYSE:BAC) shares are trading lower by 1.19% to $46.26 during Wednesday's session, from their recent 52-week week high of $48.08.
What's Happening: Keefe, Bruyette & Woods on Tuesday raised the price target for Bank of America from $50 to $57 and maintained an Outperform rating.
Piper Sandler on Tuesday also raised their price target for the stock from $44 to $50 and maintained a Neutral rating.
Bank of America, on Tuesday, also was announced as an Official Partner for the FIFA Club World Cup 2025, a landmark tournament featuring 32 of the world's top football clubs.
The competition, set to take place in the United States from June 15 to July 13, 2025, will include matches across 11 U.S. cities, starting in Miami and culminating in New York/New Jersey.
FIFA President Gianni Infantino praised the collaboration, highlighting the bank's alignment with FIFA's mission and its potential to create economic and social benefits for host communities.
Bank of America Chair and CEO Brian Moynihan noted the strategic value of associating with iconic sporting events to strengthen client relationships and drive economic impact globally.
Read Also: Private Employers Add Fewer November Jobs Than Expected: 'Manufacturing Was The Weakest We've Seen Since Spring'
How To Buy BAC Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Bank of America's case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from Benzinga Pro, BAC has a 52-week high of $48.08 and a 52-week low of $30.33.
