Receive FRESH Daily Updates for 17 StockRing Reports for $30/month !!!
1. Dow Jones Index - 30 Stocks on 10/26/2009: Buy
77% or 23 Hold
16% or 5 Sell
7% or 2 stocks
2. Best Brands - 200 stocks on 10/26/2009: Buy
66% or 132 Hold
13% or 26 Sell
21% or 41 stocks
3. Hot News - 200 stocks on 10/26/2009: Buy
71% or 141 Hold
11% or 23 Sell
18% or 35 stocks
4. S&P 500 Index - 500 Stocks on 7/21/2009:
Buy
68% or 341 Hold
21% or 106 Sell
11% or 53 stocks
5. S&P 400 Mid Cap - 400 Stocks on 7/21/2009: Buy
73% or 292 Hold
15% or 61 Sell
12% or 47 stocks
6. S&P 600 Small Cap - 600 Stocks on 4/18/2009: Buy
66% or 395 Hold
26% or 156 Sell
8% or 49 stocks
7. Nasdaq 100 Index - 100 Stocks on 7/21/2009: Buy
75% or 75 Hold
17% or 17 Sell
8% or 8 stocks
8. Nasdaq Telecom - 164 Stocks on 7/24/2009: Buy
49% or 81 Hold
35% or 56 Sell
16% or 27 stocks
9. Nasdaq Biotech - 136 Stocks on 7/24/2009: Buy
57% or 78 Hold
33% or 45 Sell
10% or 13 stocks
10. Nasdaq Computer - 440 Stocks on 7/22/2009: Buy
60% or 263 Hold
26% or 115 Sell
14% or 62 stocks
11. Nasdaq Finance - 180 Stocks on 7/24/2009: Buy
61% or 109 Hold
6% or 12 Sell
33% or 59 stocks
12. NYSE International - 100 Stocks on 7/21/2009: Buy
58% or 58 Hold
34% or 34 Sell
8% or 8 stocks
13. Legg Mason Mutual - 346 Funds on 10/6/2009: Buy
38% or 133 Hold
51% or 176 Sell
11% or 37 funds
14. T. Row Price Mutual - 161 Funds on 10/6/2009: Buy
52% or 84 Hold
46% or 73 Sell
2% or 4 funds
15. London FTSE 100 - 94 Stocks on 4/1/2009: Buy
20% or 19 Hold
50% or 47 Sell
30% or 28 stocks
16. Canada Toronto - 209 Stocks on 4/18/2009: Buy
53% or 111 Hold
34% or 70 Sell
13% or 28 stocks
17. World Markets - 72 Indexes on 10/23/2009: Buy
86% or 60 Hold
4% or 3 Sell
10% or 7 indexes
TOTAL RATINGS:
Buy
79% or 2395 Hold
3% or 1025 Sell
18% or 508 stocks
Video: 6-24-09 - Dow 30 stocks Buy-Sell-Hold Ratings
10/27/2009 Tuesday, October 27, 2009 (Irvine, California) Today StockRing.com Recommendation is to "BUY"for Bank of America (NYSE:BAC) Stock.
BAC stock opening price was $15.43 per share.
Current price of NYSE:BAC Stock is $15.24 per share
and it is
$-0.16, (-1.04%) today
and it was trading in the daily range of $15.09 - 15.54 per share.
Current Bid Price for (NYSE:BAC) stock is $15.23 and the Ask Price is $15.24. In the last 52 weeks
BAC stock was trading in the range of $2.53 - 24.62. 50-Day Moving Average for (NYSE:BAC) stock is
$17.116 and 200-Day Moving Average is $13.9895. On average analysts predict that One Year Target Estimated price for
(NYSE:BAC) stock is $20.55.
Bank of America (NYSE:BAC) Market capitalization is $131.8B. (NYSE:BAC) stock average daily volume is
228,624,992 shares per day.
However, on last trading session of 1:11pm, 2009
BAC stock traded 141,887,376 shares.
Also The Short Ratio for (NYSE:BAC) stock is 0.50.
On previous trading session BAC Stock closed at $15.40 per share.
Last year Bank of America (NYSE:BAC) before taxes (EBITDA) (ttm) earned $0 on total revenue of $63.252B.
Earnings Per Share - EPS (ttm) for BAC stock is 0.088.
Also, (NYSE:BAC) Stock Price Per Earnings ratio - P/E is 175.00.
Thus, (NYSE:BAC) Stock Price/Sales (ttm) ratio is 2.11 and Price/Book (mrq) ratio is 0.67.
(NYSE:BAC) Stock pays a dividend of $0.35 per share which is a yield of 2.27%.
So at this time (NYSE:BAC) Stock maintains Trailing Annual Dividend Rate at 0.35
.
StockRing Recommendations for Bank of America (NYSE:BAC) Stock are updated daily here
http://www.StockRing.com/sr/StockDetail.asp?StockName=BAC
If you would like to receive Buy-Sell-Hold ratings for over 50,000 stocks, mutual funds, and ETFs go to StockRing web site: http://www.StockRing.com.
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BAC Stock Charts: 1d 5d 3m 6m 1y 2y 5y Max News
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1 Year S&P 500 Chart |
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| 1 Year Nasdaq Chart |
1 Year Canada Chart |
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| 5 Days Dow Jones Chart |
5 Days S&P 500 Chart |
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BAC Stock Charts: 1d 5d 3m 6m 1y 2y 5y Max News
Options! More Info
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| Last Trade: |
15.24 |
| Trade Time: |
1:11pm |
| Change: |
-0.16, (-1.04%) |
| Prev Close: |
15.40 |
| Open: |
15.43 |
| Bid: |
15.23 |
| Ask: |
15.24 |
| 1y Target Est: |
$20.55 |
| 50-Day Moving Average: |
17.116 |
200-Day Moving Average:
|
13.9895 |
| Short Ratio: |
0.50 |
| Trailing Annual Dividend Rate: |
0.35
|
|
| Day's Range: |
15.09 - 15.54 |
| 52wk Range: |
2.53 - 24.62 |
| Volume: |
141,887,376 |
| Avg Vol: |
228,624,992 |
| Market Cap: |
131.8B |
| P/E (ttm): |
175.00 |
| EPS (ttm): |
0.088 |
| Div & Yield: |
0.35 (2.27%) |
| Revenue (ttm): |
63.252B |
| Earnings before Tax (EBITDA) (ttm): |
0 |
| Price/Sales (ttm): |
2.11 |
| Price/Book (mrq): |
0.67 |
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Bank of America Corporation (NYSE:BAC) BUSINESS SUMMARY
Bank of America Corporation, a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. Its Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services. The company?s Global Corporate and Investment Banking segment provides commercial and corporate bank loans, indirect consumer loans, real estate lending products, and leasing and asset-based lending products for banking clients, middle market commercial clients, multinational corporate clients, public and private developers, homebuilders, and commercial real estate firms; advisory services, financing, and related products for institutional investor clients in support of their investing and trading activities; debt and equity underwriting, merger-related advisory services, and risk management solutions; and treasury management, trade finance, foreign exchange, short-term credit facilities, and short-term investing options for correspondent banks, commercial real estate firms, and governments. The company?s Global Wealth and Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and diversified asset management products to institutional clients and high-net-worth individuals. As of December 31, 2008, the company operated approximately 6,100 banking centers and 18,700 automated teller machines. Bank of America was founded in 1874 and is headquartered in Charlotte, North Carolina.
Bank of America Corporation KEY EXECUTIVES
| | Pay | Exercised | Mr. Kenneth D. Lewis , 61
Chief Exec. Officer, Pres, Director, Member of Exec. Committee, Chairman of Merrill Lynch & Co, Chairman of Bank of America N A, Chief Exec. Officer of Bank of America N A and Pres of Bank of America N A |
$
1.50M |
$
0 | Mr. Thomas M. Ryan , 56
Director, Chairman of Corp. Governance Committee, Member of Compensation & Benefits Committee, Chairman of CVS/Caremark Corp., Chief Exec. Officer of CVS/Caremark Corp. and Pres of CVS/Caremark Corp. |
$
0 | N/A | Mr. Joe L. Price , 48
Chief Financial Officer, Chief Financial Officer of Bank of America N A of Bank of America N A |
$
800.00K |
$
0 | Ms. Barbara J. Desoer , 56
Pres of Home Loans and Insurance |
$
800.00K |
$
0 | Mr. Donald C. Stewart ,
Managing Director, Principal Officer and Chairman of Banc of America Securities Canada Co |
N/A
| N/A |
Dollar amounts are as of
31-Dec-08
and compensation values are for the last fiscal
year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of
options exercised during the fiscal year.
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Bank of America Corporation (NYSE:BAC) Q3 2009 Earnings Report Summary
Bank of America posts net loss of $1 billion in third quarter. In an ugly reminder of the depth of consumers' economic troubles, the company records an $11.7-billion expense to cover future loan losses.
In an ugly reminder of the depth of consumers' economic troubles, Bank of America Corp. on Friday reported a $1-billion net loss for the third quarter, much worse than Wall Street expected.
The company, the country's largest retail lender, recorded an $11.7-billion expense to cover future loan losses, up from a $6.5-billion provision in the third quarter of 2008.
The results pushed Bank of America's share price down 4.6% and helped trigger a down day for stocks overall.
Chief Executive Kenneth D. Lewis told analysts that the bank's "credit losses may have peaked" in the third quarter, but he warned that results would "continue to be challenging" in the fourth quarter.
The loss amounted to 26 cents a common share after accounting for the payment of $1.2 billion in dividends on preferred stock. Analysts had expected a loss of 12 cents a share.
In last year's third quarter, the company earned $1.2 billion, or 15 cents a share.
The third-quarter preferred-stock dividends include $893 million owed to the federal government on its $45-billion investment in the bank under the Treasury Department's financial system bailout.
Bank of America shares sank 84 cents to $17.26 after the earnings release. They remain more than five times their March low of $3.14.
Retail-oriented banks such as Charlotte, N.C.-based BofA, with heavy exposure to home loans and credit cards, are likely to continue struggling in the near term, analysts say.
Meanwhile, Wall Street-oriented banks such as Goldman Sachs Group Inc. are benefiting from a resurgence in their securities-trading businesses. Goldman topped analysts' expectations this week in reporting a tripling of its third-quarter earnings to $3.2 billion.
Bank of America's acquisition last winter of brokerage giant Merrill Lynch & Co. is improving the bank's financial results, Lewis told analysts Friday.
After BofA agreed at the height of the financial crisis last fall to buy Merrill Lynch, the brokerage's losses multiplied, prompting Lewis to consider pulling out of the deal. He ended up going through with it under pressure from federal officials, who subsequently arranged for BofA to receive a $20-billion second round of bailout funds on top of an earlier $25 billion.
Lewis has been harshly criticized by shareholders, legislators and regulators for his handling of the takeover, especially for not disclosing until after the transaction closed early this year Merrill's increased losses or details of its plan to pay employees billions of dollars in bonuses.
Lewis is leaving Bank of America at the end of the year. At the behest of the Treasury Department's pay czar, he has agreed to forgo his 2009 salary and bonus, including about $1 million already paid that he is to return.
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1. Dow Jones Index - 30 Stocks on 10/26/2009: Buy
77% or 23 Hold
16% or 5 Sell
7% or 2 stocks
2. Best Brands - 200 stocks on 10/26/2009: Buy
66% or 132 Hold
13% or 26 Sell
21% or 41 stocks
3. Hot News - 200 stocks on 10/26/2009: Buy
71% or 141 Hold
11% or 23 Sell
18% or 35 stocks
4. S&P 500 Index - 500 Stocks on 7/21/2009:
Buy
68% or 341 Hold
21% or 106 Sell
11% or 53 stocks
5. S&P 400 Mid Cap - 400 Stocks on 7/21/2009: Buy
73% or 292 Hold
15% or 61 Sell
12% or 47 stocks
6. S&P 600 Small Cap - 600 Stocks on 4/18/2009: Buy
66% or 395 Hold
26% or 156 Sell
8% or 49 stocks
7. Nasdaq 100 Index - 100 Stocks on 7/21/2009: Buy
75% or 75 Hold
17% or 17 Sell
8% or 8 stocks
8. Nasdaq Telecom - 164 Stocks on 7/24/2009: Buy
49% or 81 Hold
35% or 56 Sell
16% or 27 stocks
9. Nasdaq Biotech - 136 Stocks on 7/24/2009: Buy
57% or 78 Hold
33% or 45 Sell
10% or 13 stocks
10. Nasdaq Computer - 440 Stocks on 7/22/2009: Buy
60% or 263 Hold
26% or 115 Sell
14% or 62 stocks
11. Nasdaq Finance - 180 Stocks on 7/24/2009: Buy
61% or 109 Hold
6% or 12 Sell
33% or 59 stocks
12. NYSE International - 100 Stocks on 7/21/2009: Buy
58% or 58 Hold
34% or 34 Sell
8% or 8 stocks
13. Legg Mason Mutual - 346 Funds on 10/6/2009: Buy
38% or 133 Hold
51% or 176 Sell
11% or 37 funds
14. T. Row Price Mutual - 161 Funds on 10/6/2009: Buy
52% or 84 Hold
46% or 73 Sell
2% or 4 funds
15. London FTSE 100 - 94 Stocks on 4/1/2009: Buy
20% or 19 Hold
50% or 47 Sell
30% or 28 stocks
16. Canada Toronto - 209 Stocks on 4/18/2009: Buy
53% or 111 Hold
34% or 70 Sell
13% or 28 stocks
17. World Markets - 72 Indexes on 10/23/2009: Buy
86% or 60 Hold
4% or 3 Sell
10% or 7 indexes
TOTAL RATINGS:
Buy
79% or 2395 Hold
3% or 1025 Sell
18% or 508 stocks
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Sector mixed after housing dataMarketWatchA recent decline in Bank of America Corp. shares (NYSE:BAC) creates a buying opportunity, Citigroup analyst Keith Horowitz told clients in a recent research ...and more » |
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