Bank of America Corporation (NYSE:BAC) Rises 0.71% Pre-Session Trade

Andrew Cummings
March 17, 2017

The stock gained 0.08% in total of its share price. Shares of the Company are trading above their 50-day moving average by 4.85%.

Looking about the past performance history, the company plunged -0.51% in past week and climbed 5.14% in one month. The stock has relative volume of 0.66. The stock soared 4.22 percent over the last 6 months.

First American Financial Corporation (FAF) is slated to announce its fiscal Q1 earnings on Thursday, Apr 27, 2017.

Currently, the company has SMA200 (200-day simple moving average) of 39.92 Percent. Developed by J. Welles Wilder, ATR is an indicator that measures volatility. The company's Relative strength index is 64.67. The RSI oscillates between zero and 100. Based on a raw data interpretation, this perspective doesn't suggest either an overbought or oversold condition.

Company has reported several Insider transactions to the SEC, on Nov 23, 2016, Michael D White (director) purchased 25,000 shares at 20.14 per share price.On Aug 3, 2016, Thomas D Woods (director) purchased 25,000 shares at 14.13 per share price.On Feb 22, 2016, Thong M Nguyen (Pres, Ret. Bnkg & Co-Hd CB) purchased 30,000 shares at 12.43 per share price. Beta value of the stock is marked at 1.38. BAC's value Change from Open was at 0.52% with a Gap of -0.43%. Revenue, meanwhile, is expected to rise 9.4% year-over-year to $21.58 billion.

EPS growth in next year is estimated to reach 20.90% while EPS growth estimate for this year is set at 14.90%. Bank of America Corporation P/E (price to earnings) ratio is 16.95 and Forward P/E ratio of 12.09. In addition, the firm has price to earnings ratio of 16.88, which is authentic method to judge but not universal for all situation. It has a dividend yield of 1.18%.

Overall, April implieds are pricing in a potential post-earnings move of about 5.4% for BAC stock.

During last one year month it performed at 88.39%. Levin, 37, has enjoyed a 14-year career at IAC and now oversees the media and Internet company composed of widely known brands such as HomeAdvisor, Vimeo,,, The Daily Beast, Investopedia and Match Group's online dating portfolio of Match, OkCupid, Tinder and PlentyOfFish.

Three Month Ago Analyst Ratings: BANK OF AMERICA CORPORATION (BAC) has received mean Analyst rating of 1.97 from polled analysts at Reuters 3 Month Ago.

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.

Currently, Wall Street is expecting strong growth from Bank of America, with earnings seen rising 25% from 28 cents per share previous year to 35 cents per share in the current quarter. The average analysts gave this company a mean recommendation of 2.00. While 5 stands at overweight. They now have a United States dollars 27 price target on the stock. For example, by doing in-depth research for their large institutional clients and employers, analysts can help substantial sums of capital be directed to more productive uses in our economy. Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return. If you consider any individual rating, do not views it in absolute or abstract terms, but in the context of your own unique financial situation. Nor does a "Sell" rating mean that every investor should immediately sell it.

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