News articles about Bank of America (NYSE:BAC) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Bank of America earned a news impact score of 0.22 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 46.0443398415835 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Cramer's game plan: JP Morgan set the benchmark. Now watc… (finance.yahoo.com)
- Now watch the banks (finance.yahoo.com)
- Pre-Market Most Active for Jan 12, 2018 : FB, BAC, SID, HMC, TWTR, QQQ, GE, JPM, MU, FCEL, AAPL, USLV – Nasdaq (nasdaq.com)
- See what the IHS Markit Score report has to say about Bank of America Corp. (finance.yahoo.com)
- Najarian Brothers See Unusual Options Activity In Kinder Morgan, UPS, And Bank Of America (marketwatch.com)
Several research analysts have recently commented on the stock. Societe Generale lowered shares of Bank of America from a “buy” rating to a “hold” rating in a report on Tuesday. Vetr lowered shares of Bank of America from a “strong-buy” rating to a “buy” rating and set a $33.89 price target for the company. in a report on Wednesday. BMO Capital Markets reiterated a “hold” rating and issued a $31.00 price objective on shares of Bank of America in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of Bank of America from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Tuesday, January 2nd. Finally, Instinet cut their price objective on shares of Bank of America from $37.00 to $30.00 in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $29.14.
Shares of Bank of America (NYSE BAC) opened at $31.19 on Friday. Bank of America has a 52-week low of $22.01 and a 52-week high of $31.20. The company has a market cap of $319,802.50, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.90 and a current ratio of 0.91.
Bank of America (NYSE:BAC) last released its quarterly earnings results on Friday, October 13th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Bank of America had a net margin of 20.66% and a return on equity of 8.33%. The company had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $22.07 billion. During the same period in the previous year, the firm earned $0.41 EPS. Bank of America’s revenue was up 2.1% on a year-over-year basis. sell-side analysts anticipate that Bank of America will post 1.79 earnings per share for the current fiscal year.
Bank of America announced that its board has approved a share repurchase program on Tuesday, December 5th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were given a dividend of $0.12 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.54%. Bank of America’s dividend payout ratio (DPR) is 27.43%.
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Bank of America Company Profile
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.
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