Bank of America Corporation (BAC)

pos +0.00
Today's Range: 0.00 - 0.00 | BAC Avg Daily Volume: 106,227,200
Last Update: 02/27/17 - 4:00 PM EST
Volume: 0
YTD Performance: 9.64%
Open: $0.00
Previous Close: $24.57
52 Week Range: $12.05 - $24.95
Oustanding Shares: 10,025,121,972
Market Cap: 242,908,705,382
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 12 10 12
Moderate Buy 3 3 2 1
Hold 6 6 7 5
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.71 1.71 1.84 1.61
Latest Dividend: 0.08
Latest Dividend Yield: 1.24%
Dividend Ex-Date: 03/01/17
Price Earnings Ratio: 16.15
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
16.15 16.20 30.80
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
17.85% 102.56% 46.58%
Revenue -2.20 -0.10 -0.03
Net Income 12.70 0.60 0.16
EPS 16.80 0.70 0.19
Earnings for BAC:
Revenue 93.66B
Average Earnings Estimates
Qtr (03/17) Qtr (06/17) FY (12/17) FY (12/18)
Average Estimate $0.35 $0.47 $1.74 $2.03
Number of Analysts 10 10 12 10
High Estimate $0.36 $0.50 $1.80 $2.18
Low Estimate $0.34 $0.45 $1.68 $1.95
Prior Year $0.21 $0.36 $1.50 $1.74
Growth Rate (Year over Year) 65.24% 31.11% 16.22% 16.62%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
It seems that Warren is coronating Ajit Jain as his successor. "...Since then, Ajit has created tens of billions of value for Berkshire Hathaway shareholders. If there were ever to be another Ajit and you could swap me for him, don't hesitate. Make the Trade!" Berkshire's float is now over $100 billion. He continues to endorse the benefit of lo- cost passive funds. And this year he vividly produces the calculus. And he pays homage to Vanguard's Jack Bogle ("a hero") Warren goes out of his way to emphasize the value of Bank of America (BAC) . He has made over $5 billion on the name. A nice hat tip to the deceased Bill Ruane. (And some continued criticism regarding Sequoia's Valeant (VRX) investment). Another hat tip to the immigrants who have contributed to the growth in the American economy. His investment managers, Todd Combs and Ted Weschler , each now manage more than $10 billion as The Oracle continues to delegate to them. There is an excellent discussion in which Warren criticizes the "adjusted earnings charade" and how stock-based compensation is reported -- something I have underscored for some time. We are at a record-wide difference between GAAP and non-GAAP earnings reports. This means that the "real" price/earnings multiple is a lot higher than many recognize. He re-emphasizes that widespread fear is the investors' enemy, but doesn't mention the risks when investors are too greedy. I wanted to make two additional points: In my 2013 appearance at Berkshire's annual meeting and in my follow-up commentary I have been critical about Berkshire's benchmarks, specifically noting that comparing Berkshire's change in book value versus the performance of the S&P Index was an apples-to-oranges comparison and failed to incorporate the lessening impact of insurance and the company's acquisition of private entities. Several years later Berkshi
Forget what you thought you knew because we're headed to a different place.

Takeaways and Observations Real Money Pro($)

Form 13F filings pull back curtain on what top bank investors did in the last quarter.
Individual investors whose approach fits their personality and who execute it well will beat peers.

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I have moved from small-sized to slightly more than small-sized in my financial shorts. I have added Bank of America  (BAC) $23.31, …
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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.