A statement released earlier today by Vetr Inc. about Bank of America Corp (NYSE:BAC) bumps the target price to $17.64
- Updated: September 26, 2016
Vetr Inc. bumped up the target of Bank of America Corp (NYSE:BAC) to $17.64 stating a potential upside of 0.17%.
On Friday September 23, 2016, CLSA released a statement for Bank of America Corp (NYSE:BAC) bumped up the target price from $17.00 to $18.00 that suggested an upside of 0.15%.
Boasting a price of $15.09, Bank of America Corp (NYSE:BAC) traded -2.77% lower on the day. With the last stock price close up 5.12% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Bank of America Corp has recorded a 50-day average of $15.50 and a two hundred day average of $14.36. Volume of trade was up over the average, with 94,972,090 shares of BAC changing hands over the typical 88,095,696
With a total market value of $0, Bank of America Corp has price-earnings ratio of 12.65 with a one year low of $10.99 and a one year high of $18.09 .
A total of 29 equity analysts have released a research note on BAC. Ten equity analysts rating the company a strong buy, seventeen equity analysts rating the company a buy, six equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $17.22.
Brief Synopsis 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, equity investments and others.
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