Bank of America emblem” title=”Bank of America emblem” class=”companylogo”/>Shares of Bank of America Co. ((NYSE:(BA))C) have earned a median advice of “Maintain” from the twenty-four analysis companies which can be overlaying the corporate, Marketbeat experiences. Two funding analysts have rated the stock with a promote ranking, 9 have assigned a maintain ranking and twelve have assigned a purchase ranking to the corporate. The common 1 12 months price goal amongst analysts which have issued rankings on the stock within the final 12 months is $29.03.
Various analysis analysts have not too long ago commented on the corporate. Royal Bank of Canada set a $28.00 price goal on Bank of America and gave the corporate a “purchase” ranking in a report on Wednesday, October 14th. JPMorgan Chase & Co. elevated their price goal on Bank of America from $26.00 to $27.50 and gave the corporate an “obese” ranking in a report on Tuesday, October sixth. Deutsche Bank Aktiengesellschaft raised Bank of America from a “maintain” ranking to a “purchase” ranking and elevated their price goal for the corporate from $27.00 to $29.00 in a report on Thursday, September third. TheStreet raised Bank of America from a “c+” ranking to a “b-” ranking in a report on Tuesday, August 25th. Lastly, Oppenheimer reissued a “purchase” ranking on shares of Bank of America in a report on Tuesday, September eighth.
(BA)C opened at $29.06 on Thursday. Bank of America has a fifty-two week low of $17.95 and a fifty-two week excessive of $35.72. The enterprise has a 50-day transferring common of $25.83 and a 200-day transferring common of $25.05. The corporate has a debt-to-equity ratio of 1.04, a present ratio of 0.87 and a fast ratio of 0.87. The corporate has a market capitalization of $251.39 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of two.34 and a beta of 1.56.
Bank of America ((NYSE:(BA))C) final posted its quarterly earnings outcomes on Wednesday, October 14th. The monetary companies supplier reported $0.51 earnings per share for the quarter, lacking the Zacks’ consensus estimate of $0.53 by ($0.02). Bank of America had a return on fairness of 8.00% and a internet margin of 19.50%. The agency had income of $20.30 billion for the quarter, in comparison with analysts’ expectations of $20.88 billion. Throughout the identical interval final 12 months, the enterprise earned $0.75 earnings per share. The agency’s income for the quarter was down 11.6% on a year-over-year foundation. On common, equities analysis analysts anticipate that Bank of America will submit 1.77 earnings per share for the present fiscal 12 months.
The corporate additionally not too long ago disclosed a quarterly dividend, which might be paid on Thursday, December 24th. Shareholders of report on Friday, December 4th might be given a $0.18 dividend. The ex-dividend date is Thursday, December third. This represents a $0.72 dividend on an annualized foundation and a dividend yield of two.48%. Bank of America‘s dividend payout ratio is at the moment 24.49%.
A number of hedge funds have not too long ago made adjustments to their positions in (BA)C. EdgePoint Funding Group Inc. purchased a brand new stake in shares of Bank of America within the 2nd quarter worth roughly $350,740,000. Nordea Funding Administration AB lifted its place in shares of Bank of America by 94.2% within the 2nd quarter. Nordea Funding Administration AB now owns 14,883,900 shares of the monetary companies supplier’s stock worth $348,432,00Zero after buying a further 7,218,779 shares through the interval. Bessemer Group Inc. lifted its place in shares of Bank of America by 51.6% within the 2nd quarter. Bessemer Group Inc. now owns 21,055,944 shares of the monetary companies supplier’s stock worth $500,078,00Zero after buying a further 7,164,156 shares through the interval. Canyon Capital Advisors LLC purchased a brand new stake in shares of Bank of America within the third quarter worth roughly $90,723,000. Lastly, MUFG Securities EMEA plc lifted its place in shares of Bank of America by 1,172.8% through the 2nd quarter. MUFG Securities EMEA plc now owns 3,348,712 shares of the monetary companies supplier’s stock worth $79,532,00Zero after shopping for a further 3,085,615 shares through the interval. Institutional buyers personal 61.72% of the corporate’s stock.
Bank of America Firm Profile
Bank of America Company, via its subsidiaries, supplies banking and monetary services for particular person customers, small- and middle-market companies, institutional buyers, giant firms, and governments worldwide. It operates in Client Banking, International Wealth & Funding Administration (GWIM), International Banking, and International Markets segments.
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