News stories about Bank of America Corporation (NYSE:BAC) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bank of America Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 44.0835416895787 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Gillespie Robinson & Grimm INC Holds Position in Bank Of America Corp (BAC) – Gears Of Biz (gearsofbiz.com)
- Why 2018 Could Be Bank of America's Best Year Yet (finance.yahoo.com)
- Why 2018 Could Be Bank of America’s Best Year Yet (fool.com)
- Here’s How Bank of America Corporation Crushed It in 2017 (fool.com)
- Beta Factor Analysis – Bank of America Corporation, (NYSE: BAC) – Stock Watch (stocksnewstimes.com)
Shares of Bank of America Corporation (NYSE BAC) traded down $0.14 on Friday, hitting $26.62. The stock had a trading volume of 48,300,548 shares, compared to its average volume of 63,258,420. The firm has a market cap of $277,662.84, a P/E ratio of 15.21, a P/E/G ratio of 1.84 and a beta of 1.31. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 0.91. Bank of America Corporation has a fifty-two week low of $19.87 and a fifty-two week high of $27.98.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 1st will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, November 30th. Bank of America Corporation’s payout ratio is currently 27.43%.
BAC has been the subject of several recent research reports. J P Morgan Chase & Co increased their price objective on Bank of America Corporation from $27.50 to $28.50 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Robert W. Baird restated a “hold” rating and set a $24.00 target price on shares of Bank of America Corporation in a report on Friday, August 25th. UBS AG set a $27.00 target price on Bank of America Corporation and gave the company a “hold” rating in a report on Monday, October 16th. Vetr upgraded Bank of America Corporation from a “buy” rating to a “strong-buy” rating and set a $26.59 target price on the stock in a report on Wednesday, September 6th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Bank of America Corporation in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and three have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $25.82.
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Bank of America Corporation Company Profile
Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.
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