Bank of America Corporation (NYSE:BAC) registered a 2.63% increase, still its new closing price is 109.14% up from the company’s 1 year high of 23.41.It posted -1.35% losses in previous 5 sessions and is now the subject of 9 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 11 buy or better ratings. The 34 stock analysts following this company have an average price target at $24.79, with individual PT in the $15.00-$31.50 range. The shares moved at $22.63, implying that brokerage firms see shares gaining about 61.41% in twelve months time.
Bank of America Corporation (BAC) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 2.40% rise year to date. A Director at Bank of America Corporation (BAC) acquired shares in a transaction closed on Monday November 21, 2016. WHITE MICHAEL D bought 25,000 shares in the company at $20.14 each and collected $503,001 in proceeds. WHITE MICHAEL D now owns 85,650 shares in the company after this transaction. A Owner in the company, YNOFACE Holdings Inc, disclosed a transaction on Thursday September 22, 2016 that ended up paying $36,872,294,000 from the purchase of 2,147,483,647 shares at $17.17 per share.
Bank of America Corporation (NYSE:BAC) Upcoming Results on Tap
Bank of America Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.35 in that period. Sales during the quarter are predicted to arrive at $21.62 billion.
Earnings surprise history: Last quarter, the company posted approximately $20.22 billion in revenue and EPS of $0.41. The mean forecast was for $20.85 billion and $0.38 a share, respectively. One quarter earlier, revenue for the stock was at $21.86 billion, with earnings at $0.41/share.
Bank of America Corporation (BAC) Brokerage Update
Bank of America Corporation (BAC) is in Societe Generale’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Hold by Societe Generale, according to news reported on Wednesday January 11, 2017.Another important research note was issued by Standpoint Research on Thursday December 01, 2016.The firm downgraded BAC to Hold from Buy. Over the last six months and over the last three months, the shares of Bank of America Corporation (BAC), have changed 60.03% and 41.52%, respectively.