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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 : The technical configuration is deteriorating

01/23/2020 | 04:33am EST
01/23/2020 | 04:33am EST
short sell
Target price hit
Entry price : 34.09$ | Target : 31.12$ | Stop-loss : 36.04$ | Potential : 8.71%
Bank of America Corporation's shares show signs of a reversal to the downside. The technical chart pattern has deteriorated and suggests a continuation of the decline.
Investors should open a short trade and target the $ 31.12.
Bank of America Corporation : Bank of America Corporation : The technical configuration is deteriorating
Strengths
  • Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
  • Considering the small differences between the analysts' various estimates, the group's business visibility is good.
  • The group usually releases upbeat results with huge surprise rates.
  • The company's attractive earnings multiples are brought to light by a P/E ratio at 11.38 for the current year.
  • Within the weekly time frame the stock shows a bullish technical configuration above the support level at 30.77 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.
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
  • With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
  • 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 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMP LIMITED 0.00% 1.73 End-of-day quote.-9.66%
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%
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
1st jan.Capitalization (M$)
BANK OF AMERICA CORPORATION-17.58%250 786
HDFC BANK LIMITED12.15%107 171
US BANCORP-24.64%66 600
BANCO SANTANDER, S.A.-31.04%51 068
BANK OF COMMUNICATIONS CO., LTD.-24.91%47 995
INTESA SANPAOLO S.P.A.-17.20%45 114