Bank of America (BAC) Getting Somewhat Positive Media Coverage, Analysis Shows
News coverage about Bank of America (NYSE:BAC) has trended somewhat positive recently, according to InfoTrie. The research group identifies negative and positive news coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Bank of America earned a daily sentiment score of 0.86 on their scale. InfoTrie also assigned news articles about the financial services provider an news buzz score of 6 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Here are some of the news articles that may have impacted Bank of America’s analysis:
- The charts are flashing near-term buy signals in the bond market: Bank of America’s Paul Ciana (cnbc.com)
- Bank of America faces trademark suit over virtual assistant (sbj.net)
- Bank of America’s Erica® Climbs to 4 Million Users (newsroom.bankofamerica.com)
- Space oddity stirs loan demand (finance.yahoo.com)
- 5 Merrill Lynch US 1 Health Care Stocks Could Be Big 2019 Winners (feedproxy.google.com)
BAC has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on shares of Bank of America in a research report on Tuesday, September 25th. They issued an “outperform” rating on the stock. BMO Capital Markets lifted their price target on shares of Bank of America from $35.00 to $36.00 and gave the company a “market perform” rating in a research report on Tuesday, October 16th. Finally, ValuEngine lowered shares of Bank of America from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $34.63.
Bank of America (NYSE:BAC) last announced its earnings results on Monday, October 15th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.04. Bank of America had a net margin of 21.85% and a return on equity of 10.82%. The business had revenue of $22.78 billion for the quarter, compared to analyst estimates of $22.63 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Bank of America’s revenue was up 3.2% compared to the same quarter last year. Equities research analysts anticipate that Bank of America will post 2.55 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, December 6th. Bank of America’s dividend payout ratio (DPR) is currently 32.79%.
About Bank of America
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.
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