A month back, the company disseminated financial results for the second quarter of this year, beating the consensus estimates for both revenue and earnings.
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Bank of America Corporation (NYSE:BAC) reported its last earnings on Jul 18 BMO (BMO = before market open, AMC= after market close). This represented an Earnings Surprise of 9.1%. The Bank of New York Mellon Corporation NYSE has an Earning Per Share for the upcoming year at 25.60%. In addition, the company is involved in credit-related activities, business exits, leasing operations, and corporate treasury activities; and the provision of global markets and institutional banking services. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell The mean price target for the shares of company is at $44.09 while the highest price target suggested by the analysts is $48.00 and low price target is $42.00.
The Bank of New York Mellon Corporation (BK) traded within a range of $39.88 to $40.32 after opening the day at $39.89.
07/13/2016 – Berenberg Bank began new coverage on Bank of America Corporation giving the company a “buy” rating.
The simple 20 day moving average for Bank of America Corporation is 8.93% and the simple 200-day moving average is at 4.23%. The Bank of New York Mellon Corporation experienced its Day High at -5.70%, with its Day Low of 12.49%. During the same period a year ago, the company earned $0.64 EPS. The Company has 52-week high of $18.09 and 52-week low of $10.99. Analyst had a consensus of $0.33. The latest trading activity of 2.22 Million shares is below its average volume of 3.25 Million shares.
The present return on equity (ROE) stands at 5.30%, while the debt to equity is at 1.82.
Currently, the stock carries a price to earnings ratio of 15.66, a price to book ratio of 0.95, and a price to sales ratio of 1.95.
The company has its Return on Assets (ROA) of 0.6 Percent. Bank of America Corp makes up approx 0.12% of Ifc Holdings Incorporatedfl’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in BAC in the latest quarter, The investment management firm added 61,590 additional shares and now holds a total of 1,801,118 shares of Bank of America Corp which is valued at $26,080,189.
The stock is now trading at Distance from 20-Day simple moving Average of 3.05% whereas, Distance from 50-Day Simple moving average is 7.95 Percent and Distance from 200-Day Simple Moving Average of 3.13 percent.
The weekly performance is -0.73% for Bank of America Corporation, while the monthly performance measure stands at 9.96%.
A number of research analysts recently weighed in on the stock. The EPS growth for the past five (5) years shows a value of 5.10%, whilst the EPS value for the next five (5) years shows a figure of 9.53%.
During the past twelve month period, the stock reached a minimum value of $45.12 and it hit to the maximum value of $96.44.
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05/16/2016 – Bank of America Corporation had its “market perform” rating reiterated by analysts at Keefe, Bruyette & Woods.
