Bank of America (NYSE:BAC) Receives Daily Media Sentiment Score of -3.00

Media headlines about Bank of America (NYSE:BAC) have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Bank of America earned a media sentiment score of -3.00 on their scale. InfoTrie also assigned press coverage about the financial services provider an news buzz score of 7 out of 10, meaning that recent news coverage is likely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Bank of America’s ranking:

Shares of BAC traded up $0.31 during trading hours on Wednesday, reaching $33.15. The stock had a trading volume of 46,634,567 shares, compared to its average volume of 55,003,762. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.99. Bank of America Corp has a 52 week low of $22.66 and a 52 week high of $33.75. The firm has a 50-day moving average of $32.32 and a 200 day moving average of $29.46. The company has a market cap of $299.00 billion, a P/E ratio of 12.70, a P/E/G ratio of 1.28 and a beta of 1.63.

Bank of America (NYSE:BAC) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.07. Bank of America had a net margin of 24.16% and a return on equity of 12.05%. The business had revenue of $22.96 billion during the quarter, compared to analysts’ expectations of $22.73 billion. During the same quarter in the prior year, the company earned $0.66 EPS. The firm’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts expect that Bank of America Corp will post 2.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 6th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Thursday, December 5th. Bank of America’s dividend payout ratio is currently 27.59%.

A number of research analysts have recently weighed in on BAC shares. Raymond James downgraded Bank of America from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 29th. Atlantic Securities raised Bank of America from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 22nd. Societe Generale downgraded Bank of America from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Odeon Capital Group raised Bank of America from a “hold” rating to a “buy” rating in a research note on Monday, October 28th. Finally, DZ Bank raised Bank of America from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $33.05.

In related news, insider Kathleen A. Knox sold 40,000 shares of the company’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $30.23, for a total value of $1,209,200.00. Following the completion of the sale, the insider now owns 43,744 shares in the company, valued at approximately $1,322,381.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frank P. Bramble sold 6,500 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $31.33, for a total transaction of $203,645.00. Following the completion of the sale, the director now owns 50,000 shares of the company’s stock, valued at approximately $1,566,500. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate insiders.

Bank of America Company Profile

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

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