Bank of America Corporation (BAC)

BAC (NYSE:Banking) EQUITY
$11.95
pos +0.79
+7.10%
Today's Range: 11.40 - 12.03 | BAC Avg Daily Volume: 109,971,000
Last Update: 02/12/16 - 4:02 PM EST
Volume: 244,129,007
YTD Performance: -33.69%
Open: $11.48
Previous Close: $11.16
52 Week Range: $10.99 - $18.48
Oustanding Shares: 10,380,265,000
Market Cap: 124,355,574,700
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 11 11 11
Moderate Buy 4 3 3 3
Hold 3 3 3 3
Moderate Sell 0 0 0 0
Strong Sell 0 1 1 1
Mean Rec. 1.53 1.72 1.72 1.72
Latest Dividend: 0.05
Latest Dividend Yield: 1.67%
Dividend Ex-Date: 03/02/16
Price Earnings Ratio: 9.14
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
9.14 16.00 27.18
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-37.13% -31.78% -5.90%
GROWTH 12 Mo 3 Yr CAGR
Revenue -6.40 -0.07 -0.02
Net Income 228.70 2.79 0.55
EPS 258.80 4.31 0.73
Earnings for BAC:
EBITDA 0.00B
Revenue 93.06B
Average Earnings Estimates
Qtr (03/16) Qtr (06/16) FY (12/16) FY (12/17)
Average Estimate $0.30 $0.41 $1.51 $1.67
Number of Analysts 13 11 13 11
High Estimate $0.34 $0.46 $1.65 $1.80
Low Estimate $0.26 $0.38 $1.40 $1.55
Prior Year $0.27 $0.45 $1.31 $1.51
Growth Rate (Year over Year) 11.68% -9.09% 15.09% 11.01%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
By

Jared Woodard

 | Feb 12, 2016 | 3:00 PM EST

Cramer warns investors away, but let's take a closer look at the circumstances.

By

Jared Woodard

 | Feb 12, 2016 | 2:30 PM EST

Cramer warns investors away, but let's take a closer look at the circumstances.

By

Tony Owusu

 | Feb 12, 2016 | 1:01 PM EST

U.S. securities are building off the momentum they gained in premarket trading on Friday. 

By

Bob Byrne

 | Feb 12, 2016 | 7:00 AM EST

Lots of opportunities Thursday, but they were largely inconsequential.

By

Doug Kass

 | Feb 11, 2016 | 4:40 PM EST
1812 support from three weeks ago held, for now. QQQs (Nasdaq) over Ss (S&P)and Rs (Russell). An extreme in sentiment is developing, as is fear/panic. As a reflection, gold rallied by $55 at ounce to $1250. Silver was up a nickel The U.S. dollar continued to experience strength. Crude oil fell below $26 and was saved by a possible supply cut. The commodity closed at $26.80, down 65 cents on the day.  Natural gas was down a nickel. Bond ripped in premarket trading. The 10-year U.S. note yield fell to 1.53% and closed at 1.63%, for a change of eight basis points. The 30-year U.S. bond closed with a yield of 2.485%, down by only four basis points in yield. The yield curve continues to flatten, serving as a headwind to banks and life insurance companies. Lincoln National (LNC) was down by nearly $4 a share.  I shorted more Berkshire Hathaway (BRK.B). As a bank trader said to me today, "For Lent I am giving up hope." Municipals were well-bid but closed-end municipal bond funds dipped small. High yield continued junky. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was down 52 cents and SPDR Barclays High Yield Bond ETF (JNK) was down 24 cents. Blackstone/GSO Strategic Credit Fund (BGB) slipped by a penny. Agricultural commodities: wheat down three cents, corn up a penny, soybeans up 11 cents. Lumber was down $3.20. Retail was broadly lower. Remodelers continue to lag after a period of superior performance. Biotech was lower, but iShares Nasdaq Biotechnology (IBB) finished well off the morning lows. Allergan (AGN), Celgene (CELG) and Valeant Pharmaceuticals (VRX) got hurt.  Energy stocks for the second day in a row rallied despite lower crude prices. Exxon Mobil (XOM) was up 60 cents and Schlumberger (SLB) was up $1.45. Old tech showed some life, with Intel (INTC), Cisco (CSCO) and Microsoft (MSFT) in the green, but IBM (IBM) continued to make new lows, down $2.50. Consumer staples weakened -- Procter & Gamble (PG) lost $1.65 and Kimberly-Clark (KMB) was down $3.60. Serial underperformers Radian Group (RDN) and Potash (POT) were higher on the day. (T)FANG did well absolutely and relatively with all components but Netflix (NFLX) higher. NOSH was all about O'Reilly Automotive (ORLY), which I highlighted in a post, and it tacked on $5 from that point. The other components were lower. CRABBY was mixed, but Citigroup (C) weighed the acronym down. I created a small basket of conservative -- Gilead Sciences (GILD) and CELG, for example -- and speculative biotech names rather than just buying IBB. Some of the spec names, such as Sage Therapeutics (SAGE) and Otonomy (OTIC), had nice turnarounds from my early-morning cost basis. I stopped myself out of my iShares Russell 2000 (IWM) long, but went back in at about the same price. I added again to C and Bank of America (BAC). My short "Trade of the Week" was shorting iShares 20+ Year Treasury Bond (TLT) at $135.60. TLT closed $2 lower than my cost basis. Rev's technical insights
By

Tony Owusu

 | Feb 11, 2016 | 1:54 PM EST

A decline in international indices predicated the fall in U.S. markets today.

By

Jim Cramer and Jack Mohr

 | Feb 11, 2016 | 1:30 PM EST

As Janet Yellen's testimony has increased confusion, markets continue to sell off.

By

Bob Byrne

 | Feb 11, 2016 | 7:00 AM EST

Different time frames have the same result.

By

Tony Owusu

 | Feb 10, 2016 | 12:55 PM EST

Janet Yellen's Congressional hearing and volatile oil prices are not enough to hurt the stock market. 

By

Jim Cramer

 | Feb 10, 2016 | 12:18 PM EST

TheStreet's Jim Cramer said the selling in banking stocks is overdone and he likes Wells Fargo and Bank of America.

Judge Smails embarrassed me into writing it!

Some pretty obvious selling in the FATMAN names vs the Nasdaq futures post regular session...
You can see the time/price support on the daily chart of SPX below. It also shows you the ...

$185.80
Exhausted and a long weekend.
Column up shortly
Sold some IWM as well.

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