Bank of America Corp (BAC) Earnings Highlights: What to Know About Q4
Shares are likely to trade even higher if the bank releases a good fourth-quarter earnings report and offers. In Bank of America Corp (NYSE:BAC)'s last 12 earnings reports, it has beaten EPS estimates 75% of the time. Seven analysts surveyed by Zacks expected $20.62 billion. BOA's net charge off ratio made an improvement to 0.39%, which was a historic low the prepared statementsaid.
Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 10 analysts of Thomson Reuters, 14 analysts given HOLD rating to the stock and 2 given UNDERPERFORM rating to Wells Fargo & Company (NYSE:WFC) stock.
Shares rose 1.1% in morning trading. Of them, 0 have a Sell, 13 suggested Buy, 14 said Outperform and 11 called Hold rating for the stock, based on Thomson Reuters I/B/E/S. 3 recommends the stock is "underperforming".
Following Earnings result, share price were DOWN 17 times out of last 28 Qtrs.
Bank of America Corp (NYSE:BAC) reached at $22.92 price level during last trade its distance from 20 days simple moving average is 1.30%, and its distance from 50 days simple moving average is 9.64% while it has a distance of 41.78% from the 200 days simple moving average. In the matter of earnings surprises, it can have a huge impact on a company's stock price. Bank of America Corp makes up approx 0.30% of Northstar Group's portfolio.Eqis Capital Management reduced its stake in BAC by selling 10,234 shares or 18.62% in the most recent quarter. Bank of America provides individuals, small businesses and commercial, corporate and institutional clients across the United States and around the world new and better ways to manage their financial lives.
Bank of America Corporation is a bank holding company and a financial holding company. That fall sent the price at $36.71 per share as of January 12,2017 when the total trading capacity was lower compared with their three months average volume of 20.38M shares.
The company shows its Return on Assets (ROA) value of 0.7%. The most expectant earnings per share estimate of the stock is set at $1.5 while the conservative estimates kept at $1.44 over the current year. Company shares were Reiterated by Barclays on Jan 3, 2017 to "Equal Weight", Firm has raised the Price Target to $ 26 from a previous price target of $19. On next day when data was publically announced, the stock's closing price was $13.98 with 2.57% gain in its share price. In comparison, the consensus recommendation 60 days ago was at 3, and 90 days ago was at 3 respectively. The company indicates a peak revenue level of $21.87B and $20.42B at bottom level.
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