Bank of America Corporation (BAC)

BAC (NYSE:Banking) EQUITY
$15.18
neg -0.11
-0.72%
Today's Range: 15.15 - 15.39 | BAC Avg Daily Volume: 83,208,800
Last Update: 09/28/16 - 11:51 AM EDT
Volume: 22,696,891
YTD Performance: -9.15%
Open: $15.36
Previous Close: $15.29
52 Week Range: $10.99 - $18.09
Oustanding Shares: 10,204,798,799
Market Cap: 153,990,413,877
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 11 11 13 13
Moderate Buy 1 1 1 3
Hold 5 5 6 5
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.65 1.65 1.65 1.62
Latest Dividend: 0.08
Latest Dividend Yield: 1.99%
Dividend Ex-Date: 08/31/16
Price Earnings Ratio: 10.55
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
10.55 11.70 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
25.53% -3.78% 10.00%
GROWTH 12 Mo 3 Yr CAGR
Revenue -2.20 -0.10 -0.02
Net Income 228.70 2.80 0.55
EPS 258.80 4.30 0.73
Earnings for BAC:
EBITDA 32.70B
Revenue 93.06B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $0.33 $0.37 $1.27 $1.55
Number of Analysts 11 11 12 11
High Estimate $0.35 $0.41 $1.30 $1.65
Low Estimate $0.32 $0.32 $1.21 $1.48
Prior Year $0.37 $0.28 $1.31 $1.27
Growth Rate (Year over Year) -9.58% 30.52% -3.44% 22.39%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
Consider a BAC long synthetic call, expiring in January 2017.
CEO Stumpf failed the pivotal event at the Senate.
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His weak supervision and continued lack of accountability towards a problem that was likely systemic to the institution, His flatly denying and dismissing the notion that "cross selling" was at the core of management's objectives in order to improve profitability and get a higher stock price. That looks like a bald-faced lie as Wells Fargo allegedly cheated customers, The absence of a timely disclosure of an allegedly material fraudulent act, which was initially uncovered not by management but by the Los Angeles press, The fact that a senior member of management (whose principle responsibility was to supervise retail operations) has received a severance package greater than $100 million, without any apparent management consideration of a "clawback," That 5,300 low-paid employees have been let go and blamed by senior management as being "dishonest." Stumpf's explanation was that "they were talking to one another" -- and at a time when there were apparently no senior management firings entertained, Generally patronizing and poorly informed, even superficial, responses to the Congressional committee this morning, which largely hid behind a legal defense (e.g. his statements that "I am not on the compensation committee" or too many "I don't have that answer right now."). Watch What They Do, Not What They Say Unfortunately, not much in our domestic banking system has changed despite the lessons learned from the Great Recession of 2007-09, a time in which the global financial system almost went bankrupt. It is time for Warren Buffett of Berkshire Hathaway (BRK.B) to have a sit-down with the CEO of Wells Fargo (which is part of Jim Cramer's Action Alert PLUS). Stated simply, it is time for John G. Stumpf to go. I am avoiding Wells Fargo shares. Avoid Wells Fargo SEP 15, 2016 : 8:43 AM EDT "Everything we do is built on trust. It doesn't happen with one transaction, in one day on the job or in one quarter. It's earned relationship by relationship." --Wells Fargo's Visions and Values I promised several subscribers in the Comments Section that I would offer my views on Wells Fargo's (WFC) shares and on its management. The later will be a subject of a coming post that will include my reaction to CEO John Stumpf's weak defense on Jim "El Capitan" Cramer's "Mad Money" show. (Hint: The responsible members of senior management and of the board of directors should be forced out of the bank, post haste). Let me distill my view on WFC stock into one word: avoid. Wells Fargo's premium valuation is likely to be impaired over a period of time from the discovery of nearly two million fraudulent accounts. I have never really understood the premium valuation of the bank. To be sure, Wells Fargo has a vast and dominant franchise and deposit base. It is involved in one out of every three mortgages in the U.S. But, given that over the last five years the company's pretax income (before loan loss provisions) has made no progress, others may now question that premium valuation. Importantly, given the broad involvement of more than 5,000 employees, I would not be surprised if more untoward transactions were uncovered in discovery in the next several months, which would provide a further case for a contraction in the bank's valuation. Bottom line, I would stick with Bank of America (BAC) or Citigroup (C) if one is interested in exposure to the banking space. Buffett Will Likely Soon Break His Silence on Wells Fargo "Lose money for the firm and I will be understanding. Lose a shred of reputation for the firm and I will be ruthless." --Warren Buffett, Salomon Brothers congressional testimony And here is a contrary thought. Given the si
It's best to bide your time with these stocks.
Ironically, the Brexit vote may contribute to saving Germany's biggest bank.
Its premium valuation was hard to understand even before the massive discovery of fraudulent accounts; now it's time to be even more wary.

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