Bank of America Corporation (BAC)

BAC (NYSE:Banking) EQUITY
$16.89
pos +0.00
+0.00%
Today's Range: 0.00 - 0.00 | BAC Avg Daily Volume: 70,899,900
Last Update: 06/29/15 - 4:05 PM EDT
Volume: 0
YTD Performance: -2.68%
Open: $0.00
Previous Close: $16.89
52 Week Range: $14.84 - $18.21
Oustanding Shares: 10,502,100,218
Market Cap: 182,841,564,795
6-Month Chart
TheStreet Ratings Grade for BAC
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 9 9 10 10
Moderate Buy 1 1 1 1
Hold 6 6 6 6
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 2
Mean Rec. 2.00 2.00 1.94 2.11
Latest Dividend: 0.05
Latest Dividend Yield: 1.15%
Dividend Ex-Date: 06/03/15
Price Earnings Ratio: 25.23
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
25.23 26.40 26.65
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
12.91% 9.60% 128.63%
GROWTH 12 Mo 3 Yr CAGR
Revenue -6.40 -0.18 -0.06
Net Income -57.70 2.34 0.49
EPS -59.20 35.00 2.26
Earnings for BAC:
EBITDA 17.79B
Revenue 95.18B
Average Earnings Estimates
Qtr (06/15) Qtr (09/15) FY (12/15) FY (12/16)
Average Estimate $0.36 $0.36 $1.34 $1.59
Number of Analysts 12 12 15 14
High Estimate $0.38 $0.39 $1.45 $1.80
Low Estimate $0.33 $0.33 $1.25 $1.49
Prior Year $0.31 $-0.01 $0.43 $1.34
Growth Rate (Year over Year) 15.05% 3,650.00% 212.71% 18.24%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
I have received numerous emails asking me about bank stocks.
The nice and steady rise in regional bank stocks continue (banks have been the best-performing sector since mid-March when I added several to the Best Ideas List), with most stocks in the financial group making new short-term highs.
I added to my longs in Direxion Daily S&P500 Bear 3X ETF (SPXS) and Invesco California Value Municipal Income Trust (VCV).
I have pared down the following : Bank of America (BAC), BB&T (BBT),  Citigroup (C), JPMorgan Chase (JPM), Wells Fargo (WFC).
If so, the run in bank stocks may be in jeopardy.
Apparently, lessons of last housing crisis have been forgotten.
I am going against the grain on this one and shorting MET at $57.40.

Paring Back on JPM, BAC and C Real Money Pro($)

Very bullish investor sentiment surrounding the group (possibly as good as it gets). A marked recovery in all three stocks' price since mid-March, both absolutely and relative to the market. My expectation of a slower-than-consensus rise in interest rates over the balance of the year and into 2016. Somewhat lower-than-projected credit demand (commercial, industrial and housing). Still, Citigroup, JPMorgan and Bank of America will remain on my Best Ideas List given their superior intermediate-term prospects and relatively low valuations. In other words,
They also take some of the stress out of trading.

And Now This From BofA Real Money Pro($)

Bank began to buy back stock in April. Rising rates are a benefit as long as not the byproduct of a stagflation backdrop. Corporate balance sheets best in a long time. Overall trading down "a bit." Trading in equities and bond strong. Not so much in certain credit areas.

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Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.