Home / banks / Bank of America Corporation belongs to the “Financial” sector

Bank of America Corporation belongs to the “Financial” sector

 

Key Statistics: The stock added in the prior trading session by 1.45%, closing at the stock price of $23.07.
Currently, the market capitalization of Bank of America Corporation (BAC) is 230.97 Billion.
Bank of America Corporation (BAC) belongs to the “Financial” sector with an industry focus on “Money Center Banks”, with Mr. Brian T. Moynihan as Chairman, Chief Exec.
Currently the P/E of Bank of America Corporation stands at 15.44.
Future Expectations: The target price for Bank of America Corporation (BAC) is $25.45/share according to the consensus of analysts working on the stock, with an expected EPS of $0.47/share for the current quarter.

Bank of America

Bank of America Corporation (BAC) added 1.45% to reach $23.07 in the previous trading session.
There are advantages to using a moving average in your trading, as well options on what type of moving average to use.
Relative strength index (RSI-14) for Bank of America Corporation (BAC) is at 44.74.
Bank of America Corporation (BAC) has a 52-week high of $25.80 and a 52-week low of $11.91.
Bank of America Corporation (BAC) is expected to post revenue of $22.27 Billion in the current quarter, according to consensus of 15 analysts.

 

referring to

A World-Class Bank That’s 56% Undervalued – Bank of America Corporation (NYSE:BAC)

Bank of America

And one that’s likely to only further improve as Bank of America uses the latest in financial technology to streamline its consumer operations.
Under CEO Brian Moynihan, Bank of America has accomplished one of the most impressive corporate turnarounds in history.
If that proves to be the case, the major earnings growth catalyst for BAC may not materialize, resulting in a potentially painful pullback in the share price.
Risks To Keep In MindLike all banks, Bank of America’s prosperity and growth is tied to the health of the US and global economy.
In fact, the current analyst consensus of 16.7% CAGR dividend growth (which would allow it to double the market’s historical returns) could very well prove conservative.

 

Check Also

Bank of Britain Deputy Governor Ben Broadbent

Bank of Britain formal ‘Sorry’ He Compared Economy to Menopause

Bank of Britain formal ‘Sorry’ he Compared Economy to Menopause. As mentioned in Bank of Britain …