Stock Updates

Dominating the Market Today: Bank of America Corporation (NYSE:BAC)

The company in question is, Bank of America Corporation (NYSE:BAC) currently with a stock price of 23.91 (2.05% today). The market cap for Bank of America Corporation is 239.07 B, and is in the sector Financial, and Money Center Banks industry. The target price for Bank of America Corporation is 26. Currently Bank of America Corporation is trading with a P/E of 14.75, and a forward P/E of 11.13. Average volume for Bank of America Corporation is 87877.62 and so far today it is 58587828.

Performance in the last year for Bank of America Corporation has been 78.43%. For EPS growth, Bank of America Corporation has seen a growth of 14.90%, and is looking to grow in the next year to 19.52%. More long term stats show that EPS growth has been 182.40% over the last five years and could be 11.71% for the next five years. Bank of America Corporation has seen sales growth quarter over quarter at 5.40%, with EPS growth quarter over quarter at 46.90%. The 20-day simple moving average is 3.53%, with the 200-day simple moving average coming to 12.18%.

Since the IPO date for Bank of America Corporation on the 5/29/1986, Bank of America Corporation has seen performance year to date to be 8.19%. With Bank of America Corporation trading at 23.91, the dividend yield is 1.25%, and the EPS is 1.62.

So could Bank of America Corporation, be undervalued? Well as said before P/E is 14.75. The PEG is 1.26, P/S is 4.62 and the P/B is at 0.99. The P/cash is 0.37, with P/free cash flow at *TBA.

Bank of America Corporation ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.78, and total debt/equity at 1.86.

In terms of margins, Bank of America Corporation has a gross margin of *TBA, an operating margin of *TBA and a profit margin of *TBA.Payout ratio for Bank of America Corporation is *TBA. Return on assets come to *TBA with return on investment coming to 4.60%.

Insider ownership for Bank of America Corporation, is at 0.10% and institutional ownership comes to 67.80%. Outstanding shares are at 9998.62. While shares float is 9943.43. The float short is currently 1.15%, and short ratio is 1.3.

Graphs: Bank of America Corporation NYSE: BAC | Tuesday June 20, 2017

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Bank of America Corporation NYSE: BAC

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Bank of America Corporation NYSE: BAC

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Tony Dabbs

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