Bank of America Corporation (BAC)

BAC (NYSE:Banking) EQUITY
$14.49
pos +0.00
+0.00%
Today's Range: 14.48 - 14.70 | BAC Avg Daily Volume: 91,640,900
Last Update: 07/29/16 - 4:01 PM EDT
Volume: 0
YTD Performance: -13.90%
Open: $0.00
Previous Close: $14.68
52 Week Range: $10.99 - $18.09
Oustanding Shares: 10,271,915,653
Market Cap: 150,791,721,786
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 13 13 12 12
Moderate Buy 1 3 3 4
Hold 6 5 5 4
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.65 1.62 1.65 1.60
Latest Dividend: 0.08
Latest Dividend Yield: 2.04%
Dividend Ex-Date: 08/31/16
Price Earnings Ratio: 10.27
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
10.27 11.40 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-0.48% -20.21% -0.21%
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 $1.56
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 $1.50
Prior Year $0.37 $0.28 $1.31 $1.27
Growth Rate (Year over Year) -9.83% 30.52% -3.37% 22.88%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands

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.
Bullish
Jul 19, 2016 | 7:00 AM EDT
Shares of BAC now seen reaching $16.50, according to Jefferies. Estimates also increased, given higher fee growth and expense control. ...
Bank of America and Hasbro are headed in divergent directions following the release of their latest earnings results.
Markets were fairly quiet in early morning trading, with all eyes on earnings.
Nothing seems to produce profit-taking right now.
Banking stocks were in focus Friday, led by earnings releases from Citi and Wells Fargo before the opening bell.

Intermediate Trade: XLF Real Money Pro($)

This trade gives ample time to see interest rates rise.

Columnist Conversations

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