Zacks Investment Research downgraded Bank of America Corp (NYSE:BAC) to Sell in a statement released earlier today.
- Updated: October 5, 2016
Having a price of $15.85, Bank of America Corp (NYSE:BAC) traded 2.47% higher on the day. With the last close up 12.13% 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 $15.59 and a two hundred day average of $14.44. Volume of trade was down over the average, with 48,321,623 shares of BAC changing hands under the typical 83,381,104
Zacks Investment Research has downgraded Bank of America Corp (NYSE:BAC) to Sell in a report released on 10/5/2016.
Previously on Monday September 26, 2016, Vetr Inc. released a statement about Bank of America Corp (NYSE:BAC) raised the target price from $0.00 to $17.64. At the time, this indicated a possible upside of 0.17%.
Recent Performance Chart
Bank of America Corp has 52 week low of $10.99 and a 52 week high of $18.09 with a P/E ratio of 13.57 and has a market cap of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 29 equity analysts have released a ratings update on BAC. The one year target is $17.22 with ten equity analysts rating the company a strong buy, seventeen equity analysts rating the company a buy, six brokerages rating the company a hold, zero brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.
General Company Details For 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.