Press coverage about Bank of America (NYSE:BAC) has been trending somewhat negative this week, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Bank of America earned a news sentiment score of -1.00 on their scale. InfoTrie also gave media headlines about the financial services provider an news buzz score of 2 out of 10, indicating that recent media coverage is very unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media headlines that may have effected Bank of America’s ranking:
Several research firms have issued reports on BAC. Zacks Investment Research raised shares of Bank of America from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Tuesday. ValuEngine downgraded shares of Bank of America from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Daiwa Capital Markets downgraded shares of Bank of America from an “outperform” rating to a “market perform” rating in a report on Friday, February 8th. UBS Group set a $33.00 price objective on shares of Bank of America and gave the company a “buy” rating in a report on Saturday, February 2nd. Finally, Jefferies Financial Group increased their price objective on shares of Bank of America from $29.00 to $33.00 and gave the company a “buy” rating in a report on Friday, January 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.18.
Shares of NYSE BAC opened at $29.30 on Friday. The stock has a market capitalization of $300.14 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 1.27 and a beta of 1.49. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.94. Bank of America Corp has a 52 week low of $22.66 and a 52 week high of $32.57.
Bank of America (NYSE:BAC) last issued its earnings results on Wednesday, January 16th. The financial services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The business had revenue of $22.89 billion during the quarter, compared to analysts’ expectations of $22.37 billion. Bank of America had a net margin of 25.45% and a return on equity of 11.66%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 earnings per share. As a group, equities research analysts predict that Bank of America Corp will post 2.84 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, February 28th. Bank of America’s dividend payout ratio (DPR) is 22.99%.
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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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