Market participant are once again showing interest in shares in Bank of America Corp. The technical chart pattern now appears positive for the short term with new upside potential. Investors have an opportunity to buy the stock and target the $ 19.48.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
With a P/E ratio at 12.67 for the current year and 11.46 for next year, earnings multiples are highly attractive compared with competitors.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
For several months, analysts have been revising their EPS estimates roughly upwards.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The stock is in a well-established, long-term rising trend above the technical support level at 14.51 USD
According to forecast, a sluggish sales growth is expected for the next fiscal years.
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