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Bank of America (NYSE:BAC)‘s stock had its “overweight” rating reissued by research analysts at JPMorgan Chase & Co. in a report released on Thursday. They currently have a $17.50 price target on the stock, up from their previous price target of $17.00. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 8.70% from the stock’s previous close.

Shares of Bank of America (NYSE:BAC) traded up 0.84% on Thursday, hitting $16.235. The stock had a trading volume of 26,994,248 shares. Bank of America has a 52-week low of $13.60 and a 52-week high of $18.03. The stock has a 50-day moving average of $15.55 and a 200-day moving average of $15.8. The company has a market cap of $170.7 billion and a P/E ratio of 25.24. Bank of America also saw unusually large options trading on Tuesday. Stock investors bought 217,450 call options on the company. This represents an increase of 102% compared to the typical volume of 107,451 call options.

Bank of America (NYSE:BAC) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.11. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.69 billion. During the same quarter last year, the company posted $0.32 earnings per share. On average, analysts predict that Bank of America will post $0.80 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Wednesday, September 3rd. This is a boost from Bank of America’s previous quarterly dividend of $0.01.

BAC has been the subject of a number of other recent research reports. Analysts at Nomura downgraded shares of Bank of America from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $17.00 price target on the stock, down previously from $150.00. Separately, analysts at Zacks upgraded shares of Bank of America from an “underperform” rating to a “neutral” rating in a research note on Friday, August 22nd. They now have a $17.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Bank of America from $19.00 to $20.00 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Bank of America presently has an average rating of “Buy” and a consensus price target of $17.42.

Bank of America Corporation (NYSE:BAC) is a bank holding company, and a financial holding company.

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