We Compiled the Most Important Facts About Bank of America

By Ken Smith • Tuesday, August 19 10:06 • Permanent Link

More and more people are talking about Bank of America over the last few weeks. Is it worth buying the Banking stock at a price of $47.8? Only time will tell. The information below will give you a basic idea of what this investment may entail:

Bank of America has moved 23.9% over the last year, and the S&P 500 logged a change of 15.2%
BAC has an average analyst rating of buy and is -9.96% away from its mean target price of $53.08 per share
Its trailing earnings per share (EPS) is $3.41
Bank of America has a trailing 12 month Price to Earnings (P/E) ratio of 14.0 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $3.66 and its forward P/E ratio is 13.1
The company has a Price to Book (P/B) ratio of 1.29 in contrast to the S&P 500's average ratio of 4.74
Bank of America is part of the Finance sector, which has an average P/E ratio of 15.92 and an average P/B of 1.78
BAC has reported YOY quarterly earnings growth of 7.2% and gross profit margins of 0.0%
Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. The company operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, checking accounts, and investment accounts and products; credit and debit cards; residential mortgages and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.

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.