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4-Traders Homepage  >  Equities  >  Nyse  >  Bank of America    BAC

BANK OF AMERICA (BAC)
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Bank of America : Banks lead an early decline for US stocks Wednesday

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05/17/2017 | 06:00am CET

Stocks are opening lower on Wall Street as banks and industrial companies fall.

Banks were sliding along with bond yields early Wednesday. Bank of America sank 2.7 percent and Wells Fargo lost 2 percent. Falling bond yields mean lower interest rates on loans and tighter profits for banks.

Among industrial companies, United Rentals fell 3 percent.

Target jumped 3.6 percent after posting surprisingly strong earnings for the first quarter.

The Standard & Poor's 500 index slumped 16 points, or 0.7 percent, to 2,383.

The Dow Jones industrial average lost 159 points, or 0.8 percent, to 20,817. The Nasdaq composite fell 49 points, or 0.8 percent, to 6,120.

Copyright © 2017 BridgeTower Media. All Rights Reserved.

© Copyright, 2017, Long Island Business News (Ronkonkoma, NY), source Journals

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01/16 Notable earnings before Wednesday?s open (1/16/2018)
Financials ($)
Sales 2017 88 974 M
EBIT 2017 33 086 M
Net income 2017 17 243 M
Debt 2017 -
Yield 2017 1,25%
P/E ratio 2017 20,38
P/E ratio 2018 13,28
Capi. / Sales 2017 3,66x
Capi. / Sales 2018 3,52x
Capitalization 326 B
Chart BANK OF AMERICA
Duration : Period :
Bank of America Technical Analysis Chart | BAC | US0605051046 | 4-Traders
Technical analysis trends BANK OF AMERICA
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 31,8 $
Spread / Average Target 1,9%
EPS Revisions
Managers
NameTitle
Brian T. Moynihan Chairman, President & Chief Executive Officer
Catherine P. Bessant Co-COO & Chief Technology Officer
Thomas Kell Montag Co-Chief Operating Officer
Paul M. Donofrio Chief Financial Officer
Thomas J. May Independent Director
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