News headlines about Bank of America (NYSE:BAC) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bank of America earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.3947596274944 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
Several analysts have weighed in on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $35.00 target price on shares of Bank of America in a research report on Thursday. Vetr lowered shares of Bank of America from a “buy” rating to a “hold” rating and set a $34.13 price objective on the stock. in a report on Monday, March 12th. Credit Suisse Group increased their price objective on shares of Bank of America from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, March 16th. Societe Generale lowered shares of Bank of America from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, ValuEngine raised shares of Bank of America from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Nine investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $30.97.
Shares of NYSE BAC opened at $29.63 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.90 and a current ratio of 0.91. Bank of America has a 52-week low of $22.07 and a 52-week high of $33.05. The company has a market capitalization of $303,520.53, a PE ratio of 16.19, a PEG ratio of 1.49 and a beta of 1.37.
Bank of America (NYSE:BAC) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.03. Bank of America had a net margin of 18.03% and a return on equity of 8.54%. The company had revenue of $20.69 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the company earned $0.40 EPS. Bank of America’s quarterly revenue was up 3.5% compared to the same quarter last year. equities research analysts expect that Bank of America will post 2.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 2nd were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.48 annualized dividend and a yield of 1.62%. Bank of America’s payout ratio is 26.23%.
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Bank of America Company Profile
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.
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