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 Corporation (BAC) added 1.45% to reach $23.07 in the previous trading session.
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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.
A World-Class Bank That’s 56% Undervalued – Bank of America Corporation (NYSE:BAC)
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.