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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 : One could take advantage of the euphoria

10/30/2019 | 10:03am EST
10/30/2019 | 10:03am EST
short sell
Stop-loss triggered
Entry price : 31.56$ | Target : 29.1$ | Stop-loss : 33.1$ | Potential : 7.79%
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 $ 29.1.
Bank of America Corporation : Bank of America Corporation : One could take advantage of the euphoria
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.
  • With a P/E ratio at 11.85 for the current year and 10.74 for next year, earnings multiples are highly attractive compared with competitors.
  • The tendency within the weekly time frame is positive above the technical support level at 27.38 USD

Weaknesses
  • As estimated by analysts, this group is among those businesses with the lowest growth prospects.
  • Revenue estimates are regularly revised downwards for the current and coming 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.

© Zonebourse.com 2019
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 0.84% 16.88 Delayed Quote.206.91%
BANK OF AMERICA CORPORATION 2.16% 27.39 Delayed Quote.-23.88%
JUST GROUP PLC -1.17% 59.3 Delayed Quote.-24.94%
WILL GROUP, INC. 2.79% 920 End-of-day quote.-26.52%

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 15,8x
Yield 2020 2,62%
Capitalization 237 B 237 B -
Capi. / Sales 2020 2,75x
Capi. / Sales 2021 2,78x
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 27,39 $
Spread / Highest target 35,1%
Spread / Average Target 4,51%
Spread / Lowest Target -19,7%
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
Sector and Competitors
1st jan.Capitalization (M$)
BANK OF AMERICA CORPORATION-23.88%231 928
JPMORGAN CHASE & CO.-17.81%349 233
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED-23.50%206 610
CHINA MERCHANTS BANK CO.. LTD.20.81%141 585
ROYAL BANK OF CANADA1.54%113 617
CITIGROUP INC.-33.28%107 533