A number of research firms have changed their ratings and price targets for Bank of America Corporation (NYSE: BAC):

  • 10/4/2017 – Bank of America Corporation was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $25.08 price target on the stock.
  • 10/1/2017 – Bank of America Corporation had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $24.00 price target on the stock.
  • 9/26/2017 – Bank of America Corporation had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $25.00 price target on the stock, up previously from $23.00.
  • 9/22/2017 – Bank of America Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/13/2017 – Bank of America Corporation was downgraded by analysts at Vetr from a “strong-buy” rating to a “hold” rating. They now have a $24.86 price target on the stock.
  • 9/12/2017 – Bank of America Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/6/2017 – Bank of America Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $26.59 price target on the stock.
  • 8/30/2017 – Bank of America Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $26.59 price target on the stock.
  • 8/25/2017 – Bank of America Corporation had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $24.00 price target on the stock.
  • 8/21/2017 – Bank of America Corporation was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $26.29 price target on the stock.
  • 8/11/2017 – Bank of America Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $28.00 price target on the stock.
  • 8/9/2017 – Bank of America Corporation is now covered by analysts at Wells Fargo & Company. They set an “outperform” rating and a $30.00 price target on the stock.

Bank of America Corporation (NYSE BAC) traded down 0.329% during midday trading on Wednesday, reaching $25.775. 13,703,223 shares of the company were exchanged. The firm’s 50-day moving average is $24.24 and its 200-day moving average is $23.79. The firm has a market cap of $271.06 billion, a P/E ratio of 15.351 and a beta of 1.25. Bank of America Corporation has a one year low of $15.60 and a one year high of $25.95.

Bank of America Corporation (NYSE:BAC) last announced its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Bank of America Corporation had a return on equity of 8.11% and a net margin of 20.28%. The company had revenue of $22.80 billion for the quarter, compared to the consensus estimate of $21.84 billion. During the same quarter last year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts expect that Bank of America Corporation will post $1.81 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 1st were issued a dividend of $0.12 per share. This is an increase from Bank of America Corporation’s previous quarterly dividend of $0.08. This represents a $0.48 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Wednesday, August 30th. Bank of America Corporation’s dividend payout ratio is currently 28.57%.

In related news, Director Frank P. Bramble sold 86,763 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $24.16, for a total transaction of $2,096,194.08. Following the completion of the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $1,208,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

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