Investors Brace for Market Moves After BAC Stories

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.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.