A statement released earlier today by Vetr Inc. about Bank of America Corp (NYSE:BAC) bumps the target price to $16.38
- Updated: September 15, 2016
Yesterday Bank of America Corp (NYSE:BAC) traded 0.26% higher at $15.90. Bank of America Corp’s 50-day moving average is $15.31 and its 200-day average is $14.23. With the last stock close up 10.15% from the 200-day average, compared with the S&P 500 which has fallen -0.01% over the date range. 67,899,709 shares of the stock exchanged hands, down from ann average trading volume of 91,113,400.
Bank of America Corp (NYSE:BAC) had its price target raised to $16 by Vetr Inc. in a report announced 9/14/2016. The increased target price suggests a possible upside of 0.03% from the bussiness’ most recent stock close price.
In addition to Vetr Inc. reporting it’s target price, a total of 29 brokers have reported on BAC. The consensus target is $17.22 with 10 analysts rating the company a strong buy, 17 firms rating the company a buy, six firms rating the stock a hold, 0 rating the company to underperform, and finally 0 brokerages rating the company as sell.
Bank of America Corp has a 52 week low of $10.99 and a 52 week high of $18.09 with a P/E ratio of 13. BAC’s market cap is currently $0.0.
About Bank of America Corp (NYSE:BAC)
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. Its segments include Consumer Banking, which provides credit, banking and investment products and services to consumers and small businesses; Global Wealth & Investment Management, which offers solutions, such as investment management, brokerage, banking and retirement products; Global Banking, which provides lending-related products and services, integrated working capital management and treasury solutions; Global Markets, which offers sales and trading services; Legacy Assets & Servicing, which provides mortgage servicing activities, and All Other, which consists of asset and liability management activities, and equity investments and others.
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