Bank of America Corporation (BAC)

BAC (NYSE:Banking) EQUITY
$21.84
pos +0.61
+2.87%
Today's Range: 21.46 - 21.87 | BAC Avg Daily Volume: 107,059,300
Last Update: 12/05/16 - 4:00 PM EST
Volume: 129,814,875
YTD Performance: 25.49%
Open: $21.47
Previous Close: $21.23
52 Week Range: $10.99 - $21.94
Oustanding Shares: 10,105,046,654
Market Cap: 217,258,503,061
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 10 12 12 11
Moderate Buy 2 1 1 1
Hold 7 5 5 5
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.84 1.61 1.61 1.65
Latest Dividend: 0.08
Latest Dividend Yield: 1.40%
Dividend Ex-Date: 11/30/16
Price Earnings Ratio: 15.58
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
15.58 17.90 0.00
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
30.45% 21.80% 33.50%
GROWTH 12 Mo 3 Yr CAGR
Revenue -2.20 -0.10 -0.02
Net Income 228.70 2.80 0.55
EPS 263.90 4.30 0.73
Earnings for BAC:
EBITDA 32.70B
Revenue 93.06B
Average Earnings Estimates
Qtr (12/16) Qtr (03/17) FY (12/16) FY (12/17)
Average Estimate $0.38 $0.33 $1.47 $1.60
Number of Analysts 11 7 9 11
High Estimate $0.43 $0.36 $1.52 $1.76
Low Estimate $0.35 $0.30 $1.40 $1.50
Prior Year $0.28 $0.21 $1.31 $1.47
Growth Rate (Year over Year) 35.71% 56.46% 12.13% 8.93%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands

My Takeaways and Observations Real Money Pro($)

The U.S. dollar has weakened considerably. The price of crude oil was down by about two bits to $51.45. Gold fell by another $4 to $1,174. Ag commodities got a lift: wheat up $0.04, corn up $0.11, soybeans up $0.16, oats down $0.15. Lumber down $2. Bonds, the object of my affection today ("Trade of the Week"), reversed from early morning lows. After yields rose by more than 4 basis points on the 10-year, the close was relatively flat. TLT slipped $1.20 from Friday's close, ending the day slightly higher. Bravo! Municipal bonds sold off. But closed-end muni-bond funds got a lift (e.g., Eaton Vance Municipal Incm 2028 Term (ETX) and Blackrock Taxable Municipal Bond Trust (BBN) ) -- hard to explain why, though! The 2s/10s spread dropped by two basis points to 127 basis points. Banks, stated simply, are continuing to be the "world's fair" -- regardless of what rates do. Short Bank of America (BAC) , Citigroup (C) and JP Morgan Chase (JPM) (all small). Brokerages bullish -- led by Goldman Sachs (GS) (on a late HSBC (HSBC) buy upgrade today, seriously??!!!). But insurance lagged, though my long Hartford Financial (HIG) was modestly higher. Auto stocks stalled. I am still small short General Motors (GM) and Ford (F) . Retail was stronger -- with upside leadership from Nordstrom (JWN)  , Best Buy (BBY)  , Foot Locker (FL)  , Nike (NKE) and Urban Outfitters (URBN) . JC Penney (JCP)
The election of Trump plus strong non-farm payroll numbers have made a world of difference.

A Shopping List Real Money Pro($)

While I see many stocks with attractive reward vs. risk, they reside mostly on the short side.   Some stocks I plan to short on any …

Adding to My Bank Shorts Real Money Pro($)

I like my tactical bank stock short from yesterday, and I am adding to Citigroup (C)  ,  Bank of America  (BAC)  and JP Mor…
Figuring out whether tech stocks are nearing a bottom is no easier.

Shorting Banks Real Money Pro($)

I remain negative on the overall market. Bank stocks are substantially overbought. Like other market leadership groups, I expect some mean reversion lower in price. The banking sector faces the fundamental challenge of peak housing and peak autos over the very near term and into 2017. I don't expect much of a change in EPS expectations next year.
As the largest "owner" of deferred tax assets generated during the past financial crisis, Citigroup (C) is the most vulnerable bank to the likely introduction of lower corporate tax rates.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened, a continuing headwind for companies that derive much from non-U.S. territories and regions. The price of crude oil +$3.85 on the OPEC agreement -- a feature of today's trading session. Gold down $15 to $1,175. Ag commodities: wheat down $0.06, corn down $0.01, soybeans down $0.10 (finally correcting the big advance) and oats up $0.01. Lumber up $1. Bonds got taken to the woodshed. The yield on the 10-year U.S. note rose by eight basis points and the long end climbed by a like amount. The 2s/10s spread widened by six bps to 128 basis points. Municipals got hit. Large losses, again in closed-end muni bond funds. Stay away!  High yield was modestly higher in price and lower in yield. Blackstone / GSO Strategic Credit Fund (BGB)  down $0.02 cents. Banks responded to rising rates and a steeper yield curve. I am still in my short rental in Citigroup (C) , JP Morgan Chase (JPM) and Bank of America (BAC) . Brokerages were the "world's fair" as the Mnuchin hire (former Goldman partner) as Treasury secretary kindled the animal spirits in Morgan Stanley (MS) and Goldman Sachs (GS) . Insurance companies prospered. Long Hartford Financial (HIG) recovered. Berkshire Hathaway (BRK.A) , lagged. Auto stocks were weak. See Peak Autos and disarray in auto lending markets.  Energy stocks exploded. Retail was conspicuously weaker with only Best Buy (BBY) on my screen, higher in share price. JC Penney (JCP) off only by a nickel. (I am bidding $9ish for JCP). Target (TGT) , Walmart (WMT) and Coach (COH) downside leaders. Old tech was noticeably weak - International Business Machines (IBM) , a downside feature. Consumer staples were weaker and my fav short in the sector, Coca-Cola (KO) was down 2% at a new y
I try through rigorous analysis to identify sectors and companies with intermediate-term prospects that are deteriorating relative to consensus expectations, isolating those areas and corporations with secular growth prospects that are reduced by a changing business landscape. Examples of stocks that I am short that may fit this description include Disney (DIS) , Coca-Cola (KO) and Apple (AAPL) . But this morning I want to look at current and possible shorts -- a shopping list, so to speak -- by iden

Shorting 3 Big Banks Real Money Pro($)

I am negative on the overall market. Bank stocks are substantially overbought. The banking sector faces the fundamental challenge of peak housing and peak autos over the very near term and into 2017. Optimism on a quick repudiation of Dodd Frank seems premature. There is much between cup and lip. I expect bonds to be purchased and stocks to be sold, on balance (and perhaps in a measurable way) at month end -- tomorrow's close. I expect bond yields to decline in the next 1-2 months - contrary to the growing consensus.

Columnist Conversations

BC is moving well today.  Shares are up over 3.5% on fairly heavy trade and are trading at new 2016 highs...
Markets taking the latest rejection of the status quo in Italy in stride as the reforms were expected to lose ...
Merck continues to retreat from November's failed breakout.  Back on 9th and 10th of last month the stock...
Trifecta Stocks name Disney is bumping up to the 100 area hereon some good turnover and bullish flow today (an...

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

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.