These are some of the news articles that may have effected AlphaOne’s scoring:
News headlines about Bank of America Corp (NYSE:BAC) have trended positive on Thursday, according to Alpha One Sentiment Analysis. The research firm, a division of Accern, ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bank of America Corp earned a media sentiment score of 0.25 on Alpha One’s scale. Alpha One also assigned news coverage about the financial services provider an impact score of 25 out of 100, indicating that recent media coverage is very unlikely to have an impact on the stock’s share price in the near term.
Bank of America Corp (NYSE:BAC) last posted its quarterly earnings results on Tuesday, April 18th. The financial services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.06. The company had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $21.77 billion. Bank of America Corp had a return on equity of 6.85% and a net margin of 18.10%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.28 EPS. Analysts forecast that Bank of America Corp will post $1.83 EPS for the current fiscal year. The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 2nd will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.30 annualized dividend and a dividend yield of 1.24%. Bank of America Corp’s payout ratio is currently 21.74%.
A number of research firms have recently weighed in on BAC. Compass Point reiterated a “hold” rating and set a $13.00 target price on shares of Bank of America Corp in a research report on Wednesday, January 11th. Jefferies Group LLC reiterated a “buy” rating and set a $24.00 target price on shares of Bank of America Corp in a research report on Wednesday, January 11th. BMO Capital Markets reiterated a “hold” rating and set a $20.00 target price on shares of Bank of America Corp in a research report on Wednesday, January 11th. Barclays PLC reiterated a “hold” rating and set a $26.00 target price on shares of Bank of America Corp in a research report on Wednesday, January 11th. Finally, Standpoint Research reiterated a “hold” rating on shares of Bank of America Corp in a research report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $22.73. In related news, Director Thomas D. Woods purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were bought at an average price of $23.81 per share, for a total transaction of $595,250.00. Following the purchase, the director now directly owns 40,830 shares of the company’s stock, valued at approximately $972,162.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.
About Bank of America Corp Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.
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