The share price of the company (NYSE:WBK) was down -0.09%, with a high of 22.34 during the day and the volume of Westpac Banking Corporation shares traded was 114130.
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The Company reported adjusted earnings per diluted share of $0.56 for the third quarter of fiscal 2016, a decrease of 2 percent from $0.57 of adjusted earnings per diluted share in the third quarter of fiscal 2015 and an increase of 17 percent from $0.48 of adjusted earnings per diluted share in the second quarter of fiscal 2016. The average true range of the stock is observed at 0.27 and the relative strength index of the stock is recorded at 77.27.
Bank of America Corp (BAC) has shown a high EPS growth of 40.60% in the last 5 years and has earnings growth of -17.80% yoy. During the day, the stock corrected to an intraday low of $116.8, however, the bulls stepped in and pushed the price higher to close in the green at $117.34 with a gain of 0.02% for the day. The Bank of New York Mellon Corporation is in the Asset Management industry and Financial sector. According to these analysts, the Low Revenue Estimate for Bank of America Corporation is 20.49 Billion and the High Revenue Estimate is 21.59 Billion. That would represent a 8.11 per cent year-over-year increase. They are projecting Next Quarter growth of 24.1%.
Some buy side analysts are also providing their Analysis on Bank of America Corporation, where 10 analysts have rated the stock as Strong buy, 17 analysts have given a Buy signal, 7 said it’s a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. They now have a United States dollars 32 price target on the stock. The stock’s market capitalization is 74.08B, it has a 52-week low of 19.83 and a 52-week high of 25.32. Most recently on 1/7/2016 the stock of Bank of New York Mellon Corp (NYSE:BK) upgraded by JP Morgan from Neutral to Overweight. Bank of America Corporation got Initiated on 13-Jul-16 where investment firm Berenberg Initiated the stock to Buy. Stock’s intraday price range hit the peak level of $41.76 and touched the lowest level of $41.29. The stock is now holding above its 50-day SMA of $5.63 and above its 200-day SMA of $40.09. Trade volume was was up over the average, with 100,997,299 shares of BAC changing hands over the typical 90,702,896 shares.
Bank of America Corporation (NYSE:BAC) PEG ratio sits at 1.72.
In the trailing 12 months period, return on assets ratio of the Company was 0.60% and return on equity ratio was 5.30% while its return on investment ratio was 4.40%. While it’s Return on Investment (ROI) value is 4.4%.
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Bank of New York Mellon Corp (NYSE:BK) performance over the past one year advanced 7.93%, during the last six months the stock rose 10.10%. The firm’s shares performance for the last one month was 11.01% and 1.80% in the previous week. Performance year to date since the 5/3/1973 is 2.45%.
