Bank of America (NYSE:BAC) Earns Coverage Optimism Score of -3.00

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News articles about Bank of America (NYSE:BAC) have trended very negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bank of America earned a daily sentiment score of -3.00 on their scale. InfoTrie also assigned media headlines about the financial services provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Bank of America’s ranking:

Shares of BAC opened at $22.66 on Friday. The stock has a market capitalization of $198.67 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 2.22 and a beta of 1.60. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.92 and a quick ratio of 0.91. The business’s 50 day simple moving average is $22.58 and its 200-day simple moving average is $29.41. Bank of America Corp has a 1 year low of $17.95 and a 1 year high of $35.72.

Bank of America (NYSE:BAC) last released its earnings results on Wednesday, April 15th. The financial services provider reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.20). The company had revenue of $22.77 billion for the quarter, compared to the consensus estimate of $22.58 billion. Bank of America had a net margin of 21.64% and a return on equity of 10.64%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.70 EPS. On average, sell-side analysts expect that Bank of America Corp will post 1.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Thursday, June 4th. Bank of America’s dividend payout ratio is currently 24.49%.

Several equities analysts have recently weighed in on the company. Credit Suisse Group restated a “buy” rating and set a $31.00 price target on shares of Bank of America in a report on Friday, April 17th. BMO Capital Markets reduced their price objective on Bank of America from $26.00 to $24.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. ValuEngine downgraded Bank of America from a “hold” rating to a “sell” rating in a report on Tuesday, May 12th. Robert W. Baird upgraded Bank of America from a “neutral” rating to an “outperform” rating and set a $34.00 price objective for the company in a report on Tuesday, March 17th. Finally, Citigroup reduced their price objective on Bank of America from $30.00 to $27.00 and set a “hold” rating for the company in a report on Friday, March 27th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $29.74.

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.

See Also: Margin

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