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MarketScreener Homepage  >  Equities  >  Nyse  >  Bank of America Corporation    BAC

BANK OF AMERICA CORPORATION

(BAC)
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Markets Right Now: Stocks climb again, turn higher for week

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05/16/2019 | 11:53am EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local):

11:45 a.m.

Stocks rose on Wall Street for the third day in a row, erasing the big plunge they took on Monday on worries about the worsening trade fight between China and the U.S.

Banks reversed course Thursday and helped lead the broad gains. Bank of America added 1.7% and Citigroup added 1.9%.

Technology stocks were also big gainers. Microsoft rose 2.6%.

The steady gains mark a turnaround from Monday, when stocks took a nosedive after Beijing issued retaliatory tariffs on U.S. goods.

The S&P 500 added 37 points, or 1.3%, to 2,888.

The Dow Jones Industrial Average rose 283 points, or 1.1%, to 25,931. The Nasdaq gained 114 points, or 1.5%, to 7,936.

Bond prices fell. The yield on the 10 year Treasury rose to 2.40%

9:35 a.m.

Stocks are rising early on Wall Street, with investors buoyed by better than expected quarterly results from Walmart and Cisco Systems.

Walmart shares rose 3.2% Thursday while Cisco gained 4.1%. Both companies are included in the Dow Jones Industrial Average.

Chipmakers showed early weakness. Qualcomm dropped 3.6% while Qorvo slipped 6.1%. Applied Materials and Nvidia report earnings after the close.

The S&P 500 index added 15 points, or 0.6%, to 2,866.

The Dow rose 130 points, or 0.5%, to 25,781. The Nasdaq gained 40 points, or 0.5%, to 7,863.

Bond prices fell. The yield on the 10 year Treasury rose to 2.41%

Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

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Financials (USD)
Sales 2019 91 721 M
EBIT 2019 36 439 M
Net income 2019 25 611 M
Debt 2019 -
Yield 2019 2,17%
P/E ratio 2019 11,2x
P/E ratio 2020 10,2x
Capi. / Sales2019 3,00x
Capi. / Sales2020 3,02x
Capitalization 276 B
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Technical analysis trends BANK OF AMERICA CORPORATIO
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 32,87  $
Last Close Price 30,35  $
Spread / Highest target 45,0%
Spread / Average Target 8,30%
Spread / Lowest Target -7,74%
EPS Revisions
Managers
NameTitle
Brian T. Moynihan Chairman, President & Chief Executive Officer
Catherine P. Bessant Co-COO & Chief Technology Officer
Thomas Kell Montag Co-Chief Operating Officer
Paul M. Donofrio Chief Financial Officer
Thomas J. May Independent Director
Sector and Competitors
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WELLS FARGO & COMPANY7.66%211 792
CHINA CONSTRUCTION BANK CORPORATION-2.80%203 240
HSBC HOLDINGS PLC-6.26%157 606