Bank of America Corporation (BAC)

BAC (NYSE:Banking) EQUITY
$15.46
pos +0.11
+0.68%
Today's Range: 15.36 - 15.48 | BAC Avg Daily Volume: 88,207,800
Last Update: 08/24/16 - 12:46 PM EDT
Volume: 29,039,229
YTD Performance: -8.79%
Open: $15.37
Previous Close: $15.35
52 Week Range: $10.99 - $18.09
Oustanding Shares: 10,204,798,799
Market Cap: 154,908,845,769
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 12 13 13 12
Moderate Buy 1 1 3 3
Hold 6 6 5 5
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.68 1.65 1.62 1.65
Latest Dividend: 0.08
Latest Dividend Yield: 1.98%
Dividend Ex-Date: 08/31/16
Price Earnings Ratio: 10.62
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
10.62 11.80 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
6.08% -4.66% 5.35%
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) -9.83% 30.52% -3.44% 22.39%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
Banking has trailed the broad market since 2008, but that could soon change.
Be aware that Johnson & Johnson, American Electric Power and Federal Realty don't roll over idly.
The bid underneath banks make sense.
Remember the European banking crisis? Well, where is it now?
First, I believe that this entire thing is madness. It's Japanese Stimulus 2.0 -- just without the unified federal front. The program means that the ECB is basically running an investment-grade bond portfolio that grows by something like $9 billion a month. The central bank is buying corporate bonds at levels that have already been manipulated higher by the ECB's previous purchases of sovereign debt. In fact, the mere announcement of the CSPP initiative drove corporate-bond prices higher still. As a result, the ECB is purchasing corporates at perhaps the highest prices and lowest yields in history. (Some bonds even have negative yields.) I'm sure that in the the near term, the ECB can have its way with prices. But remember, the central bank is paying
Let's pay special attention to the financials over the very near term, as the sector has been a market anchor of late.

The Good, The Bad and The Ugly Real Money Pro($)

Apple (AAPL) . Apple's earnings beat expectations, and I've shorted more of the stock today. Banks. Financials continue to inch higher despite the flattening yield curve (which I addressed yesterday). Bank of America (BAC) , Citigroup (C) and JPMorgan Chase (JPM) are all marginally higher today amid a weak tape. However, I'm not currently playing in the sector. The Nasdaq Composite. With Apple at the index's back, the Nasdaq Composite continues to climb. Gold. The precious metal has successfully approached and tested the $1,300 breakout level. Junk bonds. High-yield continues a multi-month-long rally. The Blackstone/GSO Strategic Credit closed-end fund (B

You'd Do Well With Wells Fargo Real Money Pro($)

It's an opportune time to get into one of the world's strongest banks at a great entry price.

My Takeaways and Observations Real Money Pro($)

The dollar strengthened and is now at a four-month high; I find that few are looking at this. The price of crude oil fell by two bits to under $45 a barrel. Gold is up $3 to $1,332. Agricultural commodities got schmeissed: wheat -10, corn -13, soybean -35 and oats -2. This could weigh on fertilizers and ag equipment stocks. Lumber was down $3 following the housing starts numbers. Bonds rallied. The 10-year U.S. note yield fell by three basis points to 1.555% while the long bond yield dropped by the same basis points to 2.275%. I would add to my short with yield drops back to 1.5% and 2.2%, respectively. Municipals were better to buy. Closed-end muni bond funds continue to rebound. Yesterday the sector was very strong after days of weakness). Junk bonds are stronger. Nonetheless, Blackstone/GSO Strategic Credit Fund (BGB) was lower by a few pennies. Banks were mixed, though Bank of America's (BAC) strong Monday carried through today. I am looking for a Financial Select Sector SPDR ETF (XLF) short entry point. Brokerages were lower despite the Goldman Sachs (GS) beat. Here is Jimmy Cramer's take on Goldman. Life insurance was mixed. I am adding aggressively to HIG (where there is smoke, there is fire?)  Staples saw little price movement. Biotech was weaker. Speculative Intrexon (XON) (a former holding and Biotech Basket member) and Ziopharm Oncology (ZIOP) getting clipped again. Ag equipment got hurt by the drop in commodities prices. Both Caterpillar (CAT) and Deere(DE) are lower. I would add to my CAT short above $80 a share. Retail was broadly lower. I have no longs in the space. My shorts Foot Locker (FL) and Nordstrom (JWN) were back down after strong gains on Monday. (T)FANG was up small, save for NFLX's big drop. Here are some value-added contributions from our great team: Tim "Not Judy or Phil" Collins in preparation of the Mr. Softee's (i.e., Microsoft's (MSFT) ) earnings report today.  "Meet" Bret Jensen on three reasons to expect a pullback.  RevShark on anticipation. I keep on way-way-waiting!  Roger Arnold on ways to play a recovery in first-time home buying.
It depends on the type of test and who's doing the grading.

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