Home News Stock in the Spotlight Bank of America Corporation (NYSE: BAC)

Stock in the Spotlight Bank of America Corporation (NYSE: BAC)

47
0
SHARE

Bank of America Corporation (BAC) trades as part of the Financial Services sector and is in the Banks industry. The company CEO is Brian T. MoynihanBank of America Corporation is a bank holding and a financial holding company. The company provides financial products and services to people, companies and institutional investors.

Previous Intraday Trading Performance:

The Banks company showed a previous change of 0.98% with an open at 29.75 and a close of 29.93. It reached an intraday high of 30.13 and a low of 29.66.

Liquidity:

The stock has a market cap of $303.5b with 10.1b shares outstanding, of which the float is 10.1bshares. Trading volume reached 59,424,648 shares compared to its average volume of 70,122,117shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Bank of America Corporation shares returned 1.18% and in the past 30 trading days it returned 1.39%. Over three months, it changed 1.02%. In one year it has changed 26.98% and within that year its 52-week high was 33.05 and its 52-week low was 22.07BAC stock is 35.61% above its 52 Week Low.

Our calculations show a 200 day moving average of 28.08 and a 50 day moving average of 30.66. Currently BAC stock is trading 6.58above its 200 day moving average.

Earnings:

The last annual fiscal EPS for the company was reported at 1.60 that ended on December 31, 2017, which according to the previous close, that is a PE of 18.71. Based on 8 analyst estimates, the consensus EPS for the next quarter is 0.59. The TTM EPS is 2.03, which comes to a TTM PE of 14.74Historically, the PE high was 61.80 and the PE low was 8.30. If the stock reached its PE low, that would represent a price of 16.85, which is a decrease of -43.69%.

The following are the last four quarter reported earnings per share:
Mar 31, 2018:  0.62
Dec 31, 2017:  0.47
Sep 30, 2017:  0.48
Jun 30, 2017:  0.46

The dividend per share is currently 0.48, which is a dividend yield of 1.60%.

Indicators to Watch:

Based on the latest filings, there is 73.60% of institutional ownership.

Short-interest is 123,191,996, which is 1.21% of shares outstanding. The short-interest ratio or days-to-cover ratio is 1.68This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.35.

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 6.99%, return on assets is 0.74%, profit margin is 19.44%, price-to-sales is 2.93 and price-to-book is 1.24.

More News:

SeekingAlpha:  How To Play The End In The Bank Rally
SeekingAlpha:  Dividend Sensei’s Portfolio Update 33: A Priceless Buffett Strategy That Can Make You Rich
SeekingAlpha:  Bank Of America: Time To Sell?

SHARE
The founder of Trading News Now (TNN) and contributor to the stock market trading community. Graduated from Brigham Young University - Idaho with a degree in financial economics. Aside from his extensive knowledge in fundamental analysis of publicly traded companies, other interests include programming and financial modeling.

LEAVE A REPLY

Please enter your comment!
Please enter your name here