Bank of America Corp. (NYSE:BAC) Insiders Look Optimistic About Prospects

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The consensus recommendation for Bank of America Corporation (NYSE:BAC) is 1.68. The Charlotte, North Carolina-based bank held its spot as the top underwriter of USA state and local debt for a fifth straight year by overseeing $67.8 billion of sales in 2016, boosting its share of new issues by 2 percentage points to 15 percent, a bigger gain that any other bank, according to data compiled by Bloomberg. Over the 52-week time span, the stock notched a high price of $23.39 and its minimum price was $10.99. Its Director WHITE MICHAEL D Purchased 25,000 company shares for $503000.5, in a transaction on 2016-11-21. The firm shows the market capitalization of $230.94 Billion.

Bank of America Corporation (NYSE:BAC) is expected to report revenue of $21.6 Billion for the current quarter, according to consensus estimate of 14 analysts. The difference between the estimated and actual earnings was $-0.08 per share. Currently, the company has SMA200 (200-day simple moving average) of 42.22 Percent. While it's Return on Investment (ROI) value is 4.1%. The Return on Assets stands at 0.7%, Return on Equity shows 6.2% and Return on Investment value is 4.1%.

As the revenues measures, firm has operation margin of 83.70% in the following twelve months with net profit margin of positive 32.40%.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Bank of America Corporation (NYSE:BAC). The company stock was downgraded to Hold from Buy, wrote analysts at Standpoint Research, in a research note issued to clients on Thursday December 01, 2016.

11/29/2016 - Bank of America Corporation was upgraded to "outperform" by analysts at Keefe, Bruyette & Woods.

The Stock now has Analyst' mean Recommendation of 2 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

The analysts offering 12 month price targets for Bank of America Corporation have a median target of $23.5, with a high estimate of $27 and a low estimate of $14.5. The median estimate represents a -1.29% decrease from the last price of 13.17. However, it is now trading at a price to earnings ratio of 16.72, which is quite expensive even in the broader market. Banks, which were in the spotlight in 2016, could see easing pressures in the upcoming quarter's results. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.38 to $0.47.

The company's total debt to equity ratio of the company for most recent quarter is 1.76 whereas long term debt to equity ratio for most recent quarter is 0.89.

Xerox is the world's leading enterprise for business process and document management. They now have a Dollars 17.5 price target on the stock. The reported EPS for the same quarter a year ago was $0.32.

The consensus recommendation for Ford Motor Co. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell). Bank of America Corporation stock trades in the range of $22.60 to $22.96 before the earnings release. The Stock now has the market capitalization of $230.94 Billion, P/E (price to earnings ttm) of 16.71 and Weekly volatility of 1.83% and monthly volatility of 2.12% respectively. The stock hit its 52-Week High on Jul 12, 2016 and 52-Week Low on Feb 8, 2016. The High end of the Estimate is 17.37 Billion, while the Low end of the Estimate is 16.18 Billion.



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