(NYSE:BAC) in a research report report published on Friday morning. The mean price target for the stock is listed at $17.39. Buckingham Research restated a buy rating on shares of Bank of America Corp.in a report on Tuesday, June 21st. However Bank of America Corporation’s ability to meet these debts is for current ratio of and a quick ratio of.
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Since the financial crisis, Bank of America has stronger capital levels as the regulations have been tighter. Nine analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock’s price fluctuated within the range of $15.50 – $15.71 during previous trading session.
Shares of M&T Bank Corp. The stock has a 1-year performance down -27.07% and negative at -2.00% in last five trading sessions. The stock had a trading volume of 69,191 shares.
Bank of America has a 52 week low of $10.99 and a 52 week high of $18.09 with a PE ratio of 13.08 The company’s market cap is now $0.
M&T Bank Corporation has a 50 day moving average of 116.86 and a 200 day moving average of 115.48. Value investors compare price-to-book value to find the right price and enter the trade. KeyCorp acquired First Niagara Bank on August 1, 2016 pursuant to its merger with First Niagara Financial Group. (NYSE:BAC) last issued its quarterly earnings results on Monday, July 18th. The setting of quarterly EPS projection for the period ending on 2016-09-30 is at$0.33.
Analysts on average are expecting revenue target $20,749.40M for next quarter (Quarter Ending Dec-16).
The bank has witnessed a drop in its net interest margin since the financial crisis but still it has managed to improve its earnings per shares (EPS) during that time. The business’s revenue was down 7.2% compared to the same quarter previous year.
Shares have been given average recommendation of “OVERWEIGHT” rating keeping in view the consensus of “32” Analysts. Shareholders of record on Thursday, September 1st will be given a $0.70 dividend. It has a dividend yield of 1.92%. The ex-dividend date is Wednesday, August 31st. Bank of America Corp (BAC) released that it has settled a court case by a former top female banker who had blamed it of being a “bro’s club” that favored male employees over women, and punishing her because she complained about questionable activity. The shares closed up +0.05 points or 0.32% at $15.65 with 95.46 million shares getting traded.
Institutional sponsorship simply refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The stock has relative volume of 0.83. Hall Laurie J Trustee raised its position in shares of Bank of America Corp.by 28.3% in the second quarter. However, the stock has corrected -1.59% in the past 1 week, providing a good buying opportunity on dips. Finally, Joel Isaacson & Co. LLC now owns 10,317 shares of the financial services provider’s stock worth $137,000 after buying an additional 731 shares during the period.
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07/13/2016 – Berenberg Bank began new coverage on Bank of America Corporation giving the company a “buy” rating. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and Governments with a range of banking, investing, asset management and other financial and risk management products and services.
