1125 N. Charles St, Baltimore, MD 21201. Nordea Investment Management AB now owns 14,883,900 shares of the financial services provider’s stock worth $348,432,000 after buying an additional 7,218,779 shares during the last quarter. The projected low price target is $23 while the price target rests at a high of $38. In fact, they’re saying you should buy it because of the caution. Its merchant card processing, provided by Fiserv (NASDAQ:FISV), is barely competitive. The stock’s latest drop was caused by a rise in reserves for credit losses. IA "Marketing Sentinel" seeks to provide the news and analytical information to both American and foreign audiences, events and events in the USA and all over the world reliably, objectively and promptly. He says, “banking is a good business if you don’t do dumb things.” Bank of America isn’t doing dumb things. If your portfolio is big enough to need ballast, here’s how you get it. One reason is that the bank’s revenue has been stagnant for three years now. Bank of America’s dividend payout ratio is presently 24.49%. The 3-month trading volume is 61.75 Million shares. In the first quarter of 2020, Bank of America produced $4 billion of after-tax earnings. The firm has a market cap of $221.02 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 2.33 and a beta of 1.54. Follow him on Twitter at @danablankenhorn. Bank of America (NYSE:BAC) last released its quarterly earnings results on Thursday, July 16th. I prefer to think of a bank stock as the ballast in my portfolio. Bank of America had a net margin of 19.09% and a return on equity of 9.11%. The company’s stock had a trading volume of 53,732,960 shares, compared to its average volume of 73,186,188. Even a rumor of buybacks’ return will boost the price of BAC stock. How is the Chevron Corporation (NYSE:CVX) performance outlook for the coming months? Earnings growth for 2020 is a modest +5.6% while over the next 5 years, the company’s earnings are expected to increase by 2.36%. Dana Blankenhorn has been a financial journalist since 1978. Why Buy stock in Capricor Therapeutics, Inc. (CAPR)? Shares of Bitauto Holdings Limited (NYSE:BITA) lost -0.25% in a month. Big banks get 12% returns on net tangible assets, and no bond can do that without spectacular risk. JPMorgan Chase (NYSE:JPM) is trading at about 1.3 times book. All rights reserved. Analysts expect Bank of America Corp (NYSE:BAC) to announce $0.43 earnings per share for the current quarter, according to Zacks.Four analysts have issued estimates for Bank of America’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.28. None have rated the stock as Underweight. Figures show that Bank of America Corporation shares have underperformed across the wider relevant industry. Source: Jonathan Weiss / Shutterstock.com, Bank of America Is Ballast in a Balanced Portfolio, 7 Sin Stocks to Buy Now as America Reopens, The 7 Best Semiconductor Stocks to Buy Today, Louis Navellier and the InvestorPlace Research Staff, Matt McCall and the InvestorPlace Research Staff, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 5 High Yield Dividend Stocks Selling Below Their Tangible Book Value, SPI Stock News: Why SPI Energy Is Surging 700% Today, 7 ‘A-Rated’ Aggressive Biotech Stocks to Gamble On, 7 Monthly Dividend Stocks To Buy Now For Safe Payouts. Glenmede Trust Co. NA Grows Stake in Chubb Ltd (NYSE:CB), Zacks: Brokerages Expect Propetro Holding Corp (NYSE:PUMP) Will Announce Earnings of -$0.25 Per Share, What Every Investor Needs to Understand About Secondary Public Offerings, MarketBeat.com's FREE daily email newsletter, Credit Suisse Group Lowers Galaxy Entertainment Group to Neutral, Credit Suisse Group Lowers MGM China to Neutral, Rentokil Initial Earns Sell Rating from Analysts at UBS Group, Raymond James Raises Kinross Gold Price Target to $12.00, Credit Suisse Group Lowers Galaxy Entertainment Group (OTCMKTS:GXYEF) to Neutral, Credit Suisse Group Lowers MGM China (OTCMKTS:MCHVF) to Neutral, Rentokil Initial (OTCMKTS:RTOKY) Earns Sell Rating from Analysts at UBS Group, Raymond James Raises Kinross Gold (NYSE:KGC) Price Target to $12.00, DZ Bank Reaffirms Hold Rating for Adyen (OTCMKTS:ADYYF), Peel Hunt Lowers Centamin (OTCMKTS:CELTF) to Buy, Capri (NYSE:CPRI) Upgraded at Morgan Stanley, Purple Innovation (NASDAQ:PRPL) Cut to “Hold” at BidaskClub, Lam Research (NASDAQ:LRCX) Upgraded by Stifel Nicolaus to “Buy”, Baader Bank Analysts Give SAP (ETR:SAP) a €148.00 Price Target, Warburg Research Analysts Give Suedzucker (ETR:SZU) a €19.60 Price Target, Berenberg Bank Analysts Give Wacker Chemie (ETR:WCH) a €74.00 Price Target, RTL Group’s (RTL) “Neutral” Rating Reiterated at DZ Bank, Buckle Inc Same Store Sales Rise 1.7% in August (NYSE:BKE), G-III Apparel Group (NASDAQ:GIII) Lifted to “Buy” at BidaskClub, Jefferies Financial Group Analysts Give Sixt (ETR:SIX2) a €95.00 Price Target, Ichor (NASDAQ:ICHR) Raised to “Buy” at Stifel Nicolaus, Empire (TSE:EMP.A) Price Target Raised to C$42.00, Royal Bank of Canada Analysts Give Hannover Re (FRA:HNR1) a €155.00 Price Target, ADO Properties (OTCMKTS:ADPPF) Rating Lowered to Hold at Kepler Capital Markets. Trading revenues and fees from investment banking were up sharply in the most recent quarter.