Stock Updates

Morning Recap: Bank of America Corporation (BAC)

Today’s top gainers include the company Bank of America Corporation (NYSE:BAC) which is in the industry Money Center Banks, gaining -0.47% today. In the last week its performance is -1.01%, and -5.75% for the past quarter. Currently, Bank of America Corporation, BAC has a target price of 26, so today’s gain of -0.47% is a significant step towards its target price. The GAP today is therefore 0.08%.

Bank of America Corporation (NYSE:BAC), has a market cap of 234.27 B, and is based in USA. Insider ownership is at 0.10%, and institutional ownership is 67.80%.

At the current price of 23.43, it has a dividend yield of 1.28%, and its target price is 26. This is with a profit margin of *TBA, and total debt/equity of 1.86. Bank of America Corporation (NYSE:BAC) has a P/E of 14.45, as well as a forward P/E of 10.9.

With a current EPS of 1.62, and a forecasted EPS growth for next year at 19.52%,Bank of America Corporation (NYSE:BAC) has had a EPS growth for the past five years at 182.40%. For the next five years EPS growth is projected to be 11.71%.

Performance for the year is 76.03%. Since its IPO date on 5/29/1986, the total performance to date is 6.02%.

Volume today for Bank of America Corporation (NYSE:BAC), is 57745812, while its average volume is 88606.28. Whilst the total gain today was -0.47%, it did have a day high of -3.78%.

Volatility for this week has been at 1.93%, and 1.88% for the month. The 52-week low for Bank of America Corporation, BAC has been 94.44%, while the 52-week-high has reached -9.19%.

Looking at its return of investments, which is 4.60%, and its return on assets is *TBA. Bank of America Corporation (NYSE:BAC) has an operating margin of *TBA. With a sales growth of 5.40% quarter over quarter. Bearing in mind that Bank of America Corporation, BAC is in the sector Financial, its long-term debt/equity is 0.78, and has a current ratio of *TBA and *TBA for quick ratio.

So what is the value of Bank of America Corporation? Well its PEG is 1.23, and the P/S is 4.53, along with a P/B of 0.97. Meanwhile it has a p/cash of 0.37.

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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Peter Clarke

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