Bank of America moved -0.3% this afternoon session, trading between a high of $28.97 and a low of $28.53 per share. Yesterday the stock finished at $28.65 per share, compared to an average analyst target price of $35.2.
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The large-cap major banks company is based in the United States, and over the last twelve months it has returned a dividend yield of 3.1%. Bank of America has trailing twelve months earnings per share (EPS) of 3.48, which at today's prices amounts to a price to earnings (P/E) ratio of 8.2.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 2.17. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Snapshot of Bank of America's Operating Margins:
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-22 | 94,950,000 | 33 | -13.16 | |
| 2022-02-22 | 89,113,000 | 38 | 72.73 | |
| 2021-02-24 | 85,528,000 | 22 | -38.89 | |
| 2020-02-19 | 91,244,000 | 36 | -5.26 | |
| 2019-02-26 | 91,020,000 | 38 | 15.15 | |
| 2018-02-22 | 87,352,000 | 33 |
Bank of America's net margins are averaging 27.833333333333332%, which is comparable to the Banking industry average of 26.96%. We also note a relatively high coefficient of variability of 55.8%. The firm's margins exhibit a relatively stable growth trend of -0.2%.
