The stock’s latest drop was caused by a rise in reserves for credit losses. His latest book is Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law, essays on technology available at the Amazon Kindle store. The company, currently valued at $206.94 Billion, closed the recent trade at $23.95 per share which meant it gained $0.01 on the day or 0.04% during that session. In a recent report, Bank of America analysts could have been describing themselves. Even a rumor of buybacks’ return will boost the price of BAC stock. If your portfolio is big enough to need ballast, here’s how you get it. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Bank of America. None have rated the stock as Underweight.

8 have an estimated revenue figure of $20.34 Billion for the next quarter concluding in December 01, 2020. As of June 29, 2020, Berkshire Hathaway, Inc held 10.68% of shares outstanding. An improving economy later this year and into next year means it could soon start buying back its stock again. The top two institutional holders are Berkshire Hathaway, Inc with over 925.01 Million shares worth more than $21.97 Billion. Analysts expect Bank of America Corp (NYSE:BAC) to announce $0.43 earnings per share for the current quarter, according to Zacks. Bank of America’s dividend payout ratio is presently 24.49%. The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 625.51 Million shares as of June 29, 2020. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.09. It was a nice ballast to have when Apple (NASDAQ:AAPL) fell 12% over 10 days. Bank of America Corporation (BAC) has great growth outlook for 2020, Everbridge Inc. (EVBG) Adds Satellite Imagery To Its Visual Command Center By Joining Hands With Planet. On the other hand, Bank of America’s 18 cent dividend rate, even if it seems modest, yields 2.82%.

quotes delayed at least 15 minutes, all others at least 20 minutes. Bank of America Corporation is expected to release its next earnings report between October 14 and October 14 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. It’s cheaper than most other banks.

Bank of America Corporation (NYSE:BAC) has a beta value of 1.52 and has seen 17,702,186 shares traded in the recent trading session. The expected earnings per share for the stock is $0.41. Revenue growth from the last financial year stood is estimated to be -5.9%.

1125 N. Charles St, Baltimore, MD 21201. Even the mortgage business is being taken over by non-bank banks. The shares were bought at an average cost of $24.22 per share, with a total value of $397,798,144.52. Bank of America Is Ballast in a Balanced Portfolio BAC stock can provide stability during periods of turmoil in the markets By Dana Blankenhorn , InvestorPlace Contributor Sep 11, 2020… The information agency "Marketing Sentinel" was established at the end of 2004. A trader, like our John Jagerson or Wade Hansen of Strategic Trader, can use covered calls in Bank of America to protect their portfolio. Institutional investors own 68.19% of the company’s stock. Shareholders of record on Friday, September 4th will be paid a dividend of $0.18 per share. 8 analysts offering their estimates for the company have set an average revenue estimate of $20.77 Billion for the current quarter. How is that possible? The firm’s total holdings are worth over $14.86 Billion and represent 7.22% of shares outstanding.

Nordea Investment Management AB increased its stake in shares of Bank of America by 94.2% in the second quarter. 2020 InvestorPlace Media, LLC. The Federal Reserve has said it will pour money into the economy even if inflation rises. Bank of America stock traded up $0.03 during mid-day trading on Friday, reaching $25.51.

One reason is that the bank’s revenue has been stagnant for three years now.

Over the past 30 days, the shares of Bank of America Corporation (NYSE:BAC) have changed -4.24%. Marketing Sentinel is a free online newspaper packed with exclusive content, news, articles and much more! 11 out of 26 have rated it as a Hold, with 14 advising it as a Buy. You don’t diversify your portfolio to make money. An in-depth look at the Morgan Stanley (MS) stock. Is Cerecor Inc. (NASDAQ:CERC) Expensive At $2.79? He says, “banking is a good business if you don’t do dumb things.” Bank of America isn’t doing dumb things. Insiders own 0.20% of the company’s stock. Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. You diversify it to keep the money you have. 1125 N. Charles St, Baltimore, MD 21201. Public Investment Fund purchased a new stake in shares of Bank of America in the 1st quarter valued at approximately $487,569,000.

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