Recent Trading Updates: Bank of America Corporation (NYSE:BAC)

BAC Stock

Overall, 63.07 Million shares exchanged hands versus its average trading volume of 95.22 Million shares. The Market Cap of the company stands at 252.83 Billion. RSI oscillates between zero and 100. Movements above 70 are interpreted as indicating overbought conditions; conversely, movements under 30 reflect oversold conditions.

Among analysts who offered their Analysis on Bank of America Corporation (NYSE:BAC)-8 analysts issued Strong buy for the stock, 18 analysts have given a Buy rating, 7 think it's a HOLD, 0 reported it as Underperform, while 0 analyst issued a Sell rating. Analysts recommended an average brokerage rating of Overweight derived from brokerage firms, according to FactSet. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment.

Basically, a price target is an individual analyst's projection on the future price of a stock. Sometimes it may seem like it, but analysts don't just pull their price targets out of thin air. They now have a Dollars 37 price target on the stock.

In terms of Buy/Sell recommendations, analysts have a consensus rating of 1.88 on the shares of Bank of America Corp (NYSE:BAC). They now have a Dollars 34 price target on the stock. Bank of America Corporation P/E (price to earnings) ratio is 16.95 and Forward P/E ratio of 12.09. The company shares are up 110.37% from one year low and is up $13.3 since then. They now have a Dollars 17 price target on the stock. Developed by J. Welles Wilder, ATR is an indicator that measures volatility.

Earnings Surprise: According to the earnings report released for Quarter Ending_Dec-16, The Company posted actual earnings of $0.41 per share whereas the Analysts projected earnings were $0.38 per share. Sales growth past 5 years was measured at -5.10%.

Looking toward firm's returns performance, it has return on equity of 6.70% and returns on assets was calculated 0.70% with 14.92% year to date performance. While it's Return on Investment (ROI) value is 4.6%. It is the "top line" or "gross income" figure from which costs are subtracted to determine net income.

In case of Revenue Estimates, 14 analysts have provided their consensus Average Revenue Estimates for Bank of America Corporation as 21.58 Billion.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. They now have a Dollars 20 price target on the stock.

The stock's 50 day moving average is 24.19 and its 200 day moving average is 20.27. The 30 analysts providing 12-month price estimates for Bank of America have a median target of $26.

Several analysts are now covering the company.

During last 3 month it remained at 9.99%.

To analyze a stock, one should look for Upgrades and Downgrades of a stock.

10/12/2016 - Corrections Corporation of America was upgraded to "buy" by analysts at SunTrust.

01/09/2017 - Bank of America Corporation had its "hold" rating reiterated by analysts at Standpoint Research. The stock was previously classified as Buy. Incorporating these changes, the firm is raising its full year 2017 estimate, to $1.74 from $1.72 per share.

While looking at the Stock's Performance, Bank of America Corporation now shows a Weekly Performance of 0.44%, where Monthly Performance is 10.04%, Quarterly performance is 9.99%, 6 Months performance is 60.32% and yearly performance percentage is 88.39%.

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