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Tuesday, January 17, 2017 6:48:17 PM
https://www.newsoracle.com/2017/01/17/comprehensive-stock-analysis-of-bank-of-america-corporation-nysebac-21/
Bank of America Corporation (NYSE:BAC) will report its next earnings on Apr 12 – Apr 17 (Est.). The company reported the earnings of $0.41/Share in the last quarter where the estimated EPS by analysts was $0.34/share. The difference between the expected and actual EPS was $0.07/share, which represents an Earnings surprise of 20.6%.
Many analysts are providing their Estimated Earnings analysis for Bank of America Corporation and for the current quarter 30 analysts have projected that the stock could give an Average Earnings estimate of $0.38/share. These analysts have also projected a Low Estimate of $0.35/share and a High Estimate of $0.41/share.
In case of Revenue Estimates, 17 analysts have provided their consensus Average Revenue Estimates for Bank of America Corporation as 20.85 Billion. According to these analysts, the Low Revenue Estimate for Bank of America Corporation is 20.42 Billion and the High Revenue Estimate is 21.87 Billion. The company had Year Ago Sales of 19.56 Billion.
These analysts also forecasted Growth Estimates for the Current Quarter for BAC to be 40.7%. They are projecting Next Quarter growth of 21.4%. For the next 5 years, Bank of America Corporation is expecting Growth of 10.84% per annum, whereas in the past 5 years the growth was 17.77% per annum.
Some buy side analysts are also providing their Analysis on Bank of America Corporation, where 8 analysts have rated the stock as Strong buy, 16 analysts have given a Buy signal, 9 said it’s a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. (These Recommendations are for the Current Month Only reported by Yahoo Finance.)
When it comes to the Analysis of a Stock, Price Target plays a vital role. 31 Analysts reported that the Price Target for Bank of America Corporation might touch $31.5 high while the Average Price Target and Low price Target is $24.06 and $14.5 respectively.
To analyze a stock, one should look for Upgrades and Downgrades of a stock. Bank of America Corporation got Upgrade on 11-Jan-17 where investment firm Societe Generale Upgrade the stock from Hold to Buy.
Bank of America Corporation closed its last trading session at $22.92 with the gain of 0.39%. The Market Capitalization of the company stands at 235.86 Billion. The Company has 52-week high of $23.41 and 52-week low of $10.99. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 1.63% where SMA50 and SMA200 are 9.4% and 41.92% respectively. The Company Touched its 52-Week High on Jan 13, 2017 and 52-Week Low on Feb 11, 2016.
The Relative Volume of the company is 1.39 and Average Volume (3 months) is 116.53 million. Bank of America Corporation P/E (price to earnings) ratio is 17.07 and Forward P/E ratio of 11.35.
The company shows its Return on Assets (ROA) value of 0.7%. The Return on Equity (ROE) value stands at 6.2%. While it’s Return on Investment (ROI) value is 4.1%.
Recent BAC News
- BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year • PR Newswire (US) • 05/01/2024 12:55:00 PM
- Bank of America Declares Second-Quarter 2024 Stock Dividends • PR Newswire (US) • 04/25/2024 09:00:00 PM
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Grants to Preserve Historic Art Awarded in 11 Countries by BofA • PR Newswire (Canada) • 04/17/2024 10:00:00 PM
- Grants to Preserve Historic Art Awarded in 11 Countries by BofA • PR Newswire (US) • 04/17/2024 10:00:00 PM
- Grants to Preserve Historic Art Awarded in 11 Countries by BofA • PR Newswire (US) • 04/17/2024 10:00:00 PM
- Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 3.841% Fixed/Floating Rate Senior Notes Due April 2025 • PR Newswire (US) • 04/17/2024 08:15:00 PM
- Bank of America communique ses résultats financiers du premier trimestre de 2024 • PR Newswire (Canada) • 04/17/2024 06:37:00 PM
- Futures Pointing To Initial Strength On Wall Street • IH Market News • 04/17/2024 01:08:46 PM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- U.S. Stocks Finish Lackluster Session Narrowly Mixed • IH Market News • 04/16/2024 08:33:00 PM
- U.S. Index Futures Signal Mixed Trading, Oil Prices Dip • IH Market News • 04/16/2024 11:19:33 AM
- Bank of America Reports First-Quarter 2024 Financial Results • PR Newswire (US) • 04/16/2024 11:13:00 AM
- Bank of America Reports First-Quarter 2024 Financial Results • PR Newswire (Canada) • 04/16/2024 10:45:00 AM
- Bank of America Reports First-Quarter 2024 Financial Results • PR Newswire (US) • 04/16/2024 10:45:00 AM
- U.S. Stocks Extend Sell-Off As Treasury Yields Surge After Retail Sales Data • IH Market News • 04/15/2024 08:38:32 PM
- Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 0.976% Fixed/Floating Rate Senior Notes Due April 2025 • PR Newswire (US) • 04/12/2024 08:15:00 PM
- Paramount Global Board Shrinks, Morgan Stanley Faces Regulatory Probe, and More News • IH Market News • 04/12/2024 11:05:29 AM
- Bank of America to Report First-Quarter 2024 Financial Results on April 16 • PR Newswire (US) • 04/09/2024 01:00:00 PM
- Tesla Resolves Autopilot Lawsuit, JPMorgan Unveils Potential CEO Successors, and More • IH Market News • 04/09/2024 10:39:30 AM
- Bank of America Declares Preferred Stock Dividends for Second Quarter 2024 • PR Newswire (US) • 04/08/2024 08:15:00 PM
- BofA's Erica Surpasses 2 Billion Interactions, Helping 42 Million Clients Since Launch • PR Newswire (US) • 04/08/2024 01:04:00 PM
- Apple Terminates 614 Employees, Disney Unveils June Crackdown on Password Sharing, and More Updates • IH Market News • 04/05/2024 11:38:57 AM
- Exxon Mobil Forecasts Earnings Decline, Twilio Seeks Board Tenure Changes, and More News • IH Market News • 04/04/2024 11:30:20 AM
- Tory Burch and BofA Unveil Free Online Educational Resource for Women Entrepreneurs • PR Newswire (US) • 04/02/2024 02:00:00 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM