CLSA announced Bank of America (NYSE:BAC), boosting its stock price target to $18.00 today
- Updated: September 23, 2016
In a report issued 9/23/2016 CLSA bumped up the target of Bank of America (NYSE:BAC) from $17.00 to $18.00 indicating a possible upside of 0.15%.
On 9/14/2016, Vetr Inc. released a statement about Bank of America (NYSE:BAC) upped the target price from $0.00 to $16.38 that suggested an upside of 0.03%.
Having a price of $15.67, Bank of America (NYSE:BAC) traded 0.06% higher on the day. With the last stock price up 9.08% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. BAC has recorded a 50-day average of $15.47 and a two hundred day average of $14.31. Volume of trade was down over the average, with 16,432,511 shares of BAC changing hands under the typical 90,714,704
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Bank of America has a 52 week low of $10.99 and a 52 week high of $18.09 with a PE ratio of 13.08 The company’s market cap is currently $0.
In addition to CLSA reporting its target price, a total of 29 firms have issued a research note on the company. The average stock price target is $17.22 with ten brokerages rating the company a strong buy, seventeen equity analysts rating the company a buy, six analysts rating the stock a hold, 0 brokerages rating the company a underperform, and lastly 0 brokers rating the company a sell.
More 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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