BAC (BANK OF AMERICA)
- P/E: 15.3
- GAAP DILUTED EPS Y-O-Y GROWTH LAST QUARTER: $.19
- SECTOR: FINANCE
- ASSETS-LIABILITIES: 1.7
- DIVIDEND: 1.19%
The largest bank in the US based on
deposits, Bank of America lost .29% of its market share in 2016.
With the financial sector performing well recently, Bank of America
has risen $12.7 per share since 6/2016 and $8.7 per share since
11/2016. With a relatively low P/E of 16.9, the stock may continue
to rise, fueled by its recent growth in revenue and profits.
Despite losing .29% of its market
share in 2016, Bank of America posted a year-over-year income
increase of 14.5% on a 2% revenue gain in the last quarter. Income
derived from global market business increased 284%, driven by a
strong step forward in revenue and supplemented by a substantial
decrease in costs. Real estate, and banking profits increased, as
well, and the company reduced its losses from other sectors.
With a 1.19% dividend growth, an
investor can expect income from the stock. The company is also
increasing its revenue, decreasing costs, and maintaining a large
cash flow for future innovation. Bank of America is also positioned
in an industry that is currently quite strong, meaning that it has a
higher probability of rising in the near future. What makes Bank of
America's stock even more appealing is its low price-to-earnings
multiple of nearly 17. The stock is undervalued, and growing,
meaning that its share price has plenty of room to rise if market
conditions allow.
SOURCES:
Comments
Post a Comment