Bank of America Corporation (BAC)

BAC (NYSE:Banking) EQUITY
$15.79
pos +0.00
+0.00%
Today's Range: 15.58 - 15.90 | BAC Avg Daily Volume: 87,177,500
Last Update: 08/26/16 - 4:00 PM EDT
Volume: 0
YTD Performance: -6.18%
Open: $0.00
Previous Close: $15.53
52 Week Range: $10.99 - $18.09
Oustanding Shares: 10,204,798,799
Market Cap: 158,480,525,348
6-Month Chart
TheStreet Ratings Grade for BAC
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 12 13 13 12
Moderate Buy 1 1 3 3
Hold 6 6 5 5
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.68 1.65 1.62 1.65
Latest Dividend: 0.08
Latest Dividend Yield: 1.93%
Dividend Ex-Date: 08/31/16
Price Earnings Ratio: 10.86
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
10.86 12.10 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
7.42% -1.68% 8.97%
GROWTH 12 Mo 3 Yr CAGR
Revenue -2.20 -0.10 -0.02
Net Income 228.70 2.80 0.55
EPS 258.80 4.30 0.73
Earnings for BAC:
EBITDA 32.70B
Revenue 93.06B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $0.33 $0.37 $1.27 $1.55
Number of Analysts 11 11 12 11
High Estimate $0.35 $0.41 $1.30 $1.65
Low Estimate $0.32 $0.32 $1.21 $1.48
Prior Year $0.37 $0.28 $1.31 $1.27
Growth Rate (Year over Year) -9.83% 30.52% -3.44% 22.39%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
By

Doug Kass

 | Aug 26, 2016 | 2:34 PM EDT
The U.S. dollar strengthened on New York Fed President Stanley Fischer's hawkish comments. The price of crude oil is flat. Gold also flat lined. A $1,300 to $1,310 test seems possible. Entry point? A wild day in agricultural commodities: wheat -18, corn -5, soybean -14 and oats -6. (To those in Comments Section, I would continue to avoid fertilizers. I don't understand the interest in purchasing Potash (POT) down below! Double entendre! ) Lumber rallied by a beaner after being lower this week. Municipals are flat but closed-end muni bond funds are getting hit by profit taking; I would be out of/avoid this asset class. Junk bonds are unchanged. Banks continue to act swell, led by Bank of America (BAC) . Insurance is slightly higher but my fav long, Hartford Financial Services Group (HIG) , continues to lag. Brokerages, up big, are flat. I initiated shorts in MS and GS based on the magnitude of the recent rally, reduced expectations for capital market activity and a flattening yield curve. Retail was broadly lower. I addressed the headwinds facing dollar-store companies in my opening missive. Both DG and DLTR reversed by more than $2 from the morning highs. Home Depot (HD) also is lower again (Some interest in this name in the Comments Section; I would continue to avoid after a period of outperformance). Biotech is flat as a pancake. Energy stocks moved lower despite a modest rise in the price of crude. I initiated trading shorts in U.S. Oil Fund (USO) , Schlumberger (SLB) and Exxon Mobil (XOM) this week. Autos down on the day. I pointed out the rise in subprime auto delinquencies yesterday as another signpost of Peak Autos. Staples have been hit on a stronger U.S. currency. Media is weaker. Here are some value-added contributions on our site today: Jim "El Capitan" Cramer on what's real or Memorex? Jim also chimes in on his view of the dollar-store space. Mark "Nashville Cats" Sebastian on a Financial Select Sector SPDR ETF (XLF) game plan.  Rev Shark on possible reactions to the Fed.  Ed Ponsi "Scheme" on how to play Jackson Hole. 
By

Sham Gad

 | Aug 22, 2016 | 1:00 PM EDT
Banking has trailed the broad market since 2008, but that could soon change.
By

Jim Cramer

 | Aug 17, 2016 | 8:09 AM EDT
Be aware that Johnson & Johnson, American Electric Power and Federal Realty don't roll over idly.
By

Jim Cramer

 | Aug 8, 2016 | 4:07 PM EDT
The bid underneath banks make sense.
By

Jim Cramer

 | Aug 8, 2016 | 7:17 AM EDT
Remember the European banking crisis? Well, where is it now?
By

Doug Kass

 | Aug 2, 2016 | 8:25 AM EDT
First, I believe that this entire thing is madness. It's Japanese Stimulus 2.0 -- just without the unified federal front. The program means that the ECB is basically running an investment-grade bond portfolio that grows by something like $9 billion a month. The central bank is buying corporate bonds at levels that have already been manipulated higher by the ECB's previous purchases of sovereign debt. In fact, the mere announcement of the CSPP initiative drove corporate-bond prices higher still. As a result, the ECB is purchasing corporates at perhaps the highest prices and lowest yields in history. (Some bonds even have negative yields.) I'm sure that in the the near term, the ECB can have its way with prices. But remember, the central bank is paying
By

Doug Kass

 | Aug 1, 2016 | 1:03 PM EDT
Let's pay special attention to the financials over the very near term, as the sector has been a market anchor of late.
By

Doug Kass

 | Jul 27, 2016 | 2:16 PM EDT
Apple (AAPL) . Apple's earnings beat expectations, and I've shorted more of the stock today. Banks. Financials continue to inch higher despite the flattening yield curve (which I addressed yesterday). Bank of America (BAC) , Citigroup (C) and JPMorgan Chase (JPM) are all marginally higher today amid a weak tape. However, I'm not currently playing in the sector. The Nasdaq Composite. With Apple at the index's back, the Nasdaq Composite continues to climb. Gold. The precious metal has successfully approached and tested the $1,300 breakout level. Junk bonds. High-yield continues a multi-month-long rally. The Blackstone/GSO Strategic Credit closed-end fund (B
By

David Katz

 | Jul 20, 2016 | 8:00 AM EDT
It's an opportune time to get into one of the world's strongest banks at a great entry price.
By

Doug Kass

 | Jul 19, 2016 | 3:45 PM EDT
The dollar strengthened and is now at a four-month high; I find that few are looking at this. The price of crude oil fell by two bits to under $45 a barrel. Gold is up $3 to $1,332. Agricultural commodities got schmeissed: wheat -10, corn -13, soybean -35 and oats -2. This could weigh on fertilizers and ag equipment stocks. Lumber was down $3 following the housing starts numbers. Bonds rallied. The 10-year U.S. note yield fell by three basis points to 1.555% while the long bond yield dropped by the same basis points to 2.275%. I would add to my short with yield drops back to 1.5% and 2.2%, respectively. Municipals were better to buy. Closed-end muni bond funds continue to rebound. Yesterday the sector was very strong after days of weakness). Junk bonds are stronger. Nonetheless, Blackstone/GSO Strategic Credit Fund (BGB) was lower by a few pennies. Banks were mixed, though Bank of America's (BAC) strong Monday carried through today. I am looking for a Financial Select Sector SPDR ETF (XLF) short entry point. Brokerages were lower despite the Goldman Sachs (GS) beat. Here is Jimmy Cramer's take on Goldman. Life insurance was mixed. I am adding aggressively to HIG (where there is smoke, there is fire?)  Staples saw little price movement. Biotech was weaker. Speculative Intrexon (XON) (a former holding and Biotech Basket member) and Ziopharm Oncology (ZIOP) getting clipped again. Ag equipment got hurt by the drop in commodities prices. Both Caterpillar (CAT) and Deere(DE) are lower. I would add to my CAT short above $80 a share. Retail was broadly lower. I have no longs in the space. My shorts Foot Locker (FL) and Nordstrom (JWN) were back down after strong gains on Monday. (T)FANG was up small, save for NFLX's big drop. Here are some value-added contributions from our great team: Tim "Not Judy or Phil" Collins in preparation of the Mr. Softee's (i.e., Microsoft's (MSFT) ) earnings report today.  "Meet" Bret Jensen on three reasons to expect a pullback.  RevShark on anticipation. I keep on way-way-waiting!  Roger Arnold on ways to play a recovery in first-time home buying.
FIBOCALL: The SPX-cash after Ms. Yellen speaks. The "markets" actually moved today after ...

REAL MONEY PRO'S BEST IDEAS

News Breaks

Powered by
Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.