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Bank of America Corporation is currently in a long term uptrend where the price is trading 13.3% above its 200 day moving average.
From a valuation standpoint, the stock is 55.9% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 4.0.
Bank of America Corporation's total revenue sank by 7.4% to $21B since the same quarter in the previous year.
Its net income has dropped by 21.8% to $5B since the same quarter in the previous year.
Finally, its free cash flow fell by 7.6% to $55B since the same quarter in the previous year.
Based on the above factors, Bank of America Corporation gets an overall score of 2/5.
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Zaji taffer
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TradeWithAlerts
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Exchange | NYSE |
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CurrencyCode | USD |
ISIN | US0605051046 |
Sector | Financial Services |
Industry | Banks - Diversified |
Beta | 1.28 |
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Market Cap | 310B |
PE Ratio | 12.27 |
Target Price | 48.5682 |
Dividend Yield | 2.5% |
Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, checking accounts, and investment accounts and products; credit and debit cards; residential mortgages and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.
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