Bank of America (NYSE:BAC) has been upgraded from Mkt Perform to Outperform in a statement by KBW earlier today.
- Updated: November 29, 2016
KBW has upgraded Bank of America (NYSE:BAC) from Mkt Perform to Outperform in a statement released on Tuesday November 29, 2016.
On 11/16/2016, Robert W. Baird released a statement on Bank of America (NYSE:BAC) upped the target price from $17.00 to $18.00 that suggested a downside of -0.11%.
Having a price of $20.38, Bank of America (NYSE:BAC) traded 0.23% higher on the day. With the last stock price close up 31.85% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Bank of America has recorded a 50-day average of $17.74 and a two hundred day average of $15.43. Volume of trade was down over the average, with 76,903,651 shares of BAC changing hands under the typical 105,189,000
With a total market value of $0, Bank of America has price-earnings ratio of 14.88 with a one year low of $10.99 and a one year high of $20.88 .
A total of 29 equity analysts have released a ratings update 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 (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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