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

BANK OF AMERICA CORPORATION

(BAC)
  Report
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Bank of America Corporation : An end to the technical rebound lies ahead

04/01/2020 | 09:17am EST
04/01/2020 | 09:17am EST
short sell
Stop-loss triggered
Entry price : 19.93$ | Target : 15.5$ | Stop-loss : 23.7$ | Potential : 22.23%
In close proximity to the technical resistance zone that has been tested over several trading sessions, stocks in Bank of America Corporation could experience a pullback over the coming trading sessions towards technical support levels based on daily closing prices.
Investors should open a short trade and target the $ 15.5.
Bank of America Corporation : Bank of America Corporation : An end to the technical rebound lies ahead
Strengths
  • The share is getting closer to its long-term support in weekly data, at USD 19.67, which offers good timing for buyers.
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Historically, the company has been releasing figures that are above expectations.
  • With a P/E ratio at 7.95 for the current year and 7.54 for next year, earnings multiples are highly attractive compared with competitors.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

Weaknesses
  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
  • Analysts covering the stock have recently lowered their earnings forecast.
  • The underlying tendency is negative on the weekly chart below the resistance at 26.47 USD

© Zonebourse.com 2020
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 1.54% 19.14 Delayed Quote.248.00%
BANK OF AMERICA CORPORATION -0.14% 28.99 Delayed Quote.-17.58%
BYD COMPANY LIMITED -1.45% 189.9 End-of-day quote.388.80%
JUST GROUP PLC 0.79% 57.65 Delayed Quote.-27.03%
THE NEW HOME COMPANY INC. 0.52% 5.76 Delayed Quote.23.61%
WILL GROUP, INC. 0.91% 999 End-of-day quote.-20.21%

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 2020 86 161 M - -
Net income 2020 15 246 M - -
Net Debt 2020 - - -
P/E ratio 2020 16,7x
Yield 2020 2,48%
Capitalization 251 B 251 B -
Capi. / Sales 2020 2,91x
Capi. / Sales 2021 2,95x
Nbr of Employees 211 000
Free-Float 99,7%
Upcoming event on BANK OF AMERICA CORPORATION
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 28,62 $
Last Close Price 28,99 $
Spread / Highest target 27,6%
Spread / Average Target -1,26%
Spread / Lowest Target -24,1%
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