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

BANK OF AMERICA CORPORATION

(BAC)
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Bank of America Corporation : A correction would be a logical outcome

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11/08/2019 | 10:06am EST
short sell
Live
Entry price : 33.08$ | Target : 30.2$ | Stop-loss : 34.5$ | Potential : 8.71%
Shares in Bank of America Corporation could enter into a technical downturn after the gains that were recorded over the last trading sessions.
Investors should open a short trade and target the $ 30.2.
Bank of America Corporation : Bank of America Corporation : A correction would be a logical outcome
Strengths
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
  • The company's attractive earnings multiples are brought to light by a P/E ratio at 12.13 for the current year.
  • The tendency within the weekly time frame is positive above the technical support level at 28.37 USD

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
Ratings chart
Subsector Banks - NEC
1st jan.Capitalisation (M$)Investor Rating
BANK OF AMERICA CORPORATION32.67%295 399
JPMORGAN CHASE & CO.32.79%407 462
INDUSTRIAL AND COMMERCIAL B..1.62%282 601
WELLS FARGO & COMPANY16.19%226 524
CHINA CONSTRUCTION BANK COR..-2.64%202 470
CITIGROUP INC.41.95%161 338
HSBC HOLDINGS PLC-11.93%148 968
BANK OF CHINA LIMITED-6.21%142 733
CHINA MERCHANTS BANK CO.44.60%129 253
ROYAL BANK OF CANADA16.82%117 861
THE TORONTO-DOMINION BANK13.82%104 147
Autres valeurs du secteur

David Meurisse
© MarketScreener.com 2019
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (USD)
Sales 2019 91 774 M
EBIT 2019 36 629 M
Net income 2019 25 583 M
Debt 2019 -
Yield 2019 2,01%
P/E ratio 2019 12,1x
P/E ratio 2020 11,0x
Capi. / Sales2019 3,22x
Capi. / Sales2020 3,23x
Capitalization 295 B
Upcoming event on BANK OF AMERICA CORPORATIO
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 33,57  $
Last Close Price 32,84  $
Spread / Highest target 37,0%
Spread / Average Target 2,24%
Spread / Lowest Target -14,7%
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