For its fourth fiscal quarter (ending December 31), Bank of America Corp (NYSE: BAC) has reported a 131% increase in E.P.S. from $0.36 a year ago to $0.83 in the current quarter. This performance was $0.06 better than the consensus estimate of $0.77. E.P.S. were $3.25 for the latest four quarters through December 31 versus $3.10 for the same period a year ago — an increase of 5%.
Recent Price Action
On 1/16/25, Bank of America Corp (NYSE: BAC) stock declined slightly by -1.0%, closing at $46.64. Moreover, trading volume in this decline was unusually high at 166% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.2% during the last week.
Current PriceTarget Research Rating
Bank of America has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Bank of America has a good Power Rating of 84 and a very high Appreciation Score of 96, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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