Today Barrons is reporting: "Regulators have barred a former Merrill Lynch advisor from the brokerage industry for a series of alleged violations, including adding his wife as a beneficiary to an elderly client's accounts and falsifying the forms to do so." For full coverage click here. Shares of the Large-Cap Finance company have not moved much on the news as of the evening trading session, and are currently trading at $39.26.
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 company belongs to the Finance sector, which has an average price to earnings (P/E) ratio of 15.89 and an average price to book (P/B) ratio of 1.76. In contrast, Bank of America has a trailing 12 month P/E ratio of 13.5 and a P/B ratio of 1.16.
Bank of America has moved 34.2% over the last year compared to 22.5% for the S&P 500 -- a difference of 11.7%. Bank of America has a 52 week high of $40.19 and a 52 week low of $24.96. At today's price of $39.26 per share, Bank of America is 5.14% away from its target price of $37.34, and on average, analysts give the stock a rating of buy. 1.0% of the company's shares are linked to short positions, and 60.1% of the shares are owned by institutional investors.
