A number of firms have modified their ratings and price targets on shares of Bank of America Corp. (NYSE: BAC) recently:

  • 9/16/2016 – Bank of America Corp. had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $19.00 price target on the stock, up previously from $17.00.
  • 9/14/2016 – Bank of America Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $16.38 price target on the stock.
  • 9/13/2016 – Bank of America Corp. was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating.
  • 9/8/2016 – Bank of America Corp. was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $16.38 price target on the stock.
  • 9/6/2016 – Bank of America Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $16.58 price target on the stock.
  • 8/31/2016 – Bank of America Corp. had its “buy” rating reaffirmed by analysts at S&P Equity Research. They now have a $18.00 price target on the stock.
  • 8/29/2016 – Bank of America Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $16.56 price target on the stock.
  • 8/26/2016 – Bank of America Corp. had its “conviction-buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a $17.00 price target on the stock.
  • 8/25/2016 – Bank of America Corp. was upgraded by analysts at Sanford C. Bernstein from a “neutral” rating to an “outperform” rating. They now have a $19.00 price target on the stock.
  • 8/25/2016 – Bank of America Corp. had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $175.00 price target on the stock.
  • 8/25/2016 – Bank of America Corp. was upgraded by analysts at Macquarie from an “underperform” rating to a “neutral” rating.
  • 8/25/2016 – Bank of America Corp. was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating.
  • 8/16/2016 – Bank of America Corp. had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • 8/16/2016 – Bank of America Corp. had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein.
  • 8/4/2016 – Bank of America Corp. had its “outperform” rating reaffirmed by analysts at Robert W. Baird.
  • 8/1/2016 – Bank of America Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $14.90 price target on the stock.
  • 7/28/2016 – Bank of America Corp. had its “buy” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $18.00 price target on the stock.
  • 7/25/2016 – Bank of America Corp. was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $14.90 price target on the stock.
  • 7/24/2016 – Bank of America Corp. had its “outperform” rating reaffirmed by analysts at FBR & Co. They now have a $20.00 price target on the stock.

Bank of America Corp. (NYSE:BAC) traded up 0.06% during trading on Tuesday, hitting $15.60. 68,207,207 shares of the company traded hands. Bank of America Corp. has a 12-month low of $10.99 and a 12-month high of $18.09. The stock has a 50-day moving average price of $15.36 and a 200-day moving average price of $14.28. The firm has a market capitalization of $164.06 billion, a P/E ratio of 13.08 and a beta of 1.67.

Bank of America Corp. (NYSE:BAC) last posted its quarterly earnings data on Monday, July 18th. The financial services provider reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $20.60 million for the quarter, compared to analyst estimates of $20.41 billion. Bank of America Corp. had a return on equity of 6.23% and a net margin of 16.31%. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. Equities analysts expect that Bank of America Corp. will post $1.26 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 2nd will be paid a $0.075 dividend. This is a positive change from Bank of America Corp.’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Wednesday, August 31st. Bank of America Corp.’s payout ratio is currently 24.59%.

In other Bank of America Corp. news, Director Thomas D. Woods purchased 25,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average cost of $14.13 per share, with a total value of $353,250.00. Following the completion of the purchase, the director now owns 32,459 shares in the company, valued at $458,645.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Bank of America Corporation is a bank holding and financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with various banking, investing, asset management and other financial and risk management products and services.

5 Day Chart for NYSE:BAC

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