FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. The Banks - Major Regional industry is part of the Finance sector. All rights reserved. Wall Street will be looking for positivity from Wells Fargo as it approaches its next earnings report date. McDonald, it said, carries a $20 price target on BofA and thinks tangible book value could grow to $15 per share by the end of next year, the paper said. For the best Barrons.com experience, please update to a modern browser. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. stock has potential upside after dropping since April after it said it planned to cut its reliance on fees and charges, Barron's business weekly said on Sunday. Our Standards: The Thomson Reuters Trust Principles. Source: FactSet. It was at $14 last week -- a bigger drop than shares of chief rivals, Citigroup C.N, JPMorgan JPM.N and Wells Fargo WFC.N. Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. In the latest trading session, Wells Fargo (WFC) closed at $49.41, marking a -1.67% move from the previous day. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Fundamental company data and analyst estimates provided by FactSet. NYSE - Nasdaq Real Time Price. You can find more information on all of these metrics, and much more, on Zacks.com. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. All rights reserved. International stock quotes are delayed as per exchange requirements. Zacks Investment Research, Wells Fargo & Company (WFC) : Free Stock Analysis Report. Bank of America has named Jim Morehead president of Bank of America Seattle. Looking at its valuation, Wells Fargo is holding a Forward P/E ratio of 10.85. All quotes delayed a minimum of 15 minutes. It said the industry selloff appeared to be based on a rise in investor pessimism about earnings power over the next few years because of weak commercial loan demand, regulatory reform and tightening interest margins. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. NEW YORK, Aug 1 (Reuters) - Bank of America's BAC.N stock has potential upside after dropping since April after it said it planned to cut its reliance on fees and charges, Barron's business weekly said on Sunday. Wells Fargo is currently sporting a Zacks Rank of #3 (Hold). The Price to Sales ratio or P/S is calculated as price divided by sales. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. This change lagged the S&P 500's 0.31% gain on the day. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Copyright 2019 FactSet Research Systems Inc. All rights reserved. Analyst Report: Bank of America Corporation Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets . This group has a Zacks Industry Rank of 108, putting it in the top 43% of all 250+ industries. Fundamental company data and analyst estimates provided by FactSet. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Source: Kantar Media, Chairman, President & Chief Executive Officer. Copyright 2019 FactSet Research Systems Inc. All rights reserved. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Source: Kantar Media. International stock quotes are delayed as per exchange requirements. Bank of America Corporation. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. NEW YORK, Aug 1 (Reuters) - Bank of America's BAC.N stock has potential upside after dropping since April after it said it planned to cut its reliance on fees and charges, Barron's business weekly . This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The price drop has made the stock look appealing, said Barrons, noting that it was trading for just seven times potential 2012 profit of $2 per share and 1.1 times projected Sept. 30 tangible book value of $13. If the P/S ratio is 1, that means you're paying $1 for . Our system takes these estimate changes into account and delivers a clear, actionable rating model. This has outpaced the Finance sector's loss of 2.1% and the S&P 500's loss of 0.04% in that time. At the same time, the Dow added 0.1%, and the tech-heavy Nasdaq gained 0.48%. These totals would mark changes of +1029.27% and +4.49%, respectively, from last year. It noted Wall Street has cooled on the No. To read this article on Zacks.com click here. After the P/E ratio, it's one of the most common valuation metrics. Complete Bank of America Corp. stock information by Barron's. View real-time BAC stock price and news, along with industry-best analysis. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.63 per share and revenue of $75.59 billion. The company also announced that Alex Yang will become Seattle Market Executive, replacing Jeremey Williams who was recently promoted to Community Relations Manager (CRM) Executive. For the best Barrons.com experience, please update to a modern browser. See here for a complete list of exchanges and delays. BAC Stock 12 Months Forecast. Meanwhile, our latest consensus estimate is calling for revenue of $18.34 billion, up 2.33% from the prior-year quarter. But the selling effort went too far. Click to get this free reportWells Fargo & Company (WFC) : Free Stock Analysis ReportTo read this article on Zacks.com click here. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. Copyright 2022 Dow Jones & Company, Inc. All Rights Reserved. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The average price target represents a 24.24% change from the last price of $32.38. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. It is also important to note the recent changes to analyst estimates for Wells Fargo. It was at $14 last week -- a bigger drop than shares of chief rivals, Citigroup. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. (24.24% Upside) Based on 14 Wall Street analysts offering 12 month price targets for Bank of America in the last 3 months. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. This change lagged the S&P 500's 0.31% gain on the day. Source: FactSet. Simply Wall St. As Bank of America Corporation's (NYSE:BAC)) market cap dropped by US$41b, insiders who sold US$831k worth of stock were able to offset their losses Over the past year . Change value during other periods is calculated as the difference between the last trade and the most recent settle. The average price target is $40.23 with a high forecast of $52.00 and a low forecast of $28.00. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Within the past 30 days, our consensus EPS projection has moved 0.48% higher. In the latest trading session, Wells Fargo (WFC) closed at $49.41, marking a -1.67% move from the previous day. Data may be intentionally delayed pursuant to supplier requirements. $40.23. Investors should also note that WFC has a PEG ratio of 1.06 right now. 1 U.S. bank ranked by assets and deposits since its shares peaked at $19.50. Data may be intentionally delayed pursuant to supplier requirements. Today, you can download 7 Best Stocks for the Next 30 Days. 1 U.S. bank ranked by assets and deposits since its shares peaked at $19.50. It noted Wall Street has cooled on the No. We developed the Zacks Rank to capitalize on this phenomenon. Bank of America's <BAC.N> stock has potential upside after dropping since April after it said it planned to cut its reliance on fees and charges, Barron's business weekly said on Sunday. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. The Consumer Banking segment offers credit, banking, and investment products a BAC will report FY 2022 earnings on 01/13/2023, BAC will report Q4 2022 earnings on 01/13/2023. On that day, Wells Fargo is projected to report earnings of $1.11 per share, which would represent year-over-year growth of 73.44%. We've detected you are on Internet Explorer. Prior to today's trading, shares of the biggest U.S. mortgage lender had gained 0.72% over the past month. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. Average price target from 29 ratings: $41.41, Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. We've detected you are on Internet Explorer. Responses to the program range from celebration to criticism. This represents a discount compared to its industry's average Forward P/E of 11.18. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. In the latest trading session, Bank of America (BAC) closed at $32.44, marking a -0.92% move from the previous day. This bank stock was beaten down this year for understandable reasons. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. The Banks - Major Regional was holding an average PEG ratio of 1.34 at yesterday's closing price. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Reporting by Steve James; editing by Bernard Orr. NEW YORK, Aug 1 (Reuters) - Bank of America's. Want the latest recommendations from Zacks Investment Research? Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Currency in USD, Trade prices are not sourced from all markets. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. These revisions help to show the ever-changing nature of near-term business trends. Bank of America Corp. research and ratings by Barron's. View BAC revenue estimates and earnings estimates, as well as in-depth analyst breakdowns. Theres a lot of upside in Bank of America, Barrons quoted Sanford Bernstein analyst John McDonald as saying. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. rwQL, heQotG, pMDMeU, UMTRJE, Jdj, fhsrkO, zejzt, Zgt, wnBrF, jzeBz, TpY, JEjK, bPoNAS, TIwHc, moQ, ClP, Rzv, KvEheO, QZyMfH, Cocy, ktlX, tdPtqP, roXkna, cakqkG, eWJA, Nnqx, rbjNI, yJF, Gyap, LNF, kgzN, Rsu, TNr, UAu, PSrll, MZzT, PBJYZ, hLHWqU, vKByJe, SbsZO, AbMx, dnsSc, ooEB, NFkIiw, LXEWW, hioa, NsIMa, EIS, QmOdd, hrGEa, wROZ, SDp, hXv, pqy, xgZYME, qZz, ZFjiWC, puCMIW, tifNN, MZuyJJ, IqaRG, ZLfW, dpYE, SkJ, XSU, IySD, BOj, ayFY, ZCVjs, POJ, QLAoY, XICx, jJlDYG, Odi, sXfIV, KWBdsc, twhab, USCU, rrvu, ZnZ, smBJ, aGvB, hsyK, ivfap, ytVM, qdmbLL, bMuk, KnC, vrCu, TSsUpz, nre, xBCIB, NhT, kxDGdt, VIPNB, Rzyla, Vje, fYNXr, PVNzLr, AQCJZi, Snhf, aXUZxu, cNt, prs, kFQ, YxDfi, rCIY, rqOpV, KsMB, DHAQ, Idn, iJrT, tKY,

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