Bank of America Corporation (NYSE:BAC) Merrill Lynch has hired a trio of equity strategists from Deutsche Bank, the latest departures from a division at the German lender earmarked for big cuts. Sebastian Raedler, who joined Deutsche Bank from Morgan Stanley in 2015, has been hired as head of equity strategy for Europe to lead a new team. He will oversee three people, including Thomas Pearce and Andreas Bruckner, who also join from the German bank, according to their LinkedIn profiles.
The insider ownership percentage is the key indicator, can be used by investors, to measure the outlook of senior management has on their company. Insider ownership for the BAC is 0.10%. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The Institutional ownership for the BAC is 70.80%.
Insider trading is the buying or selling of any publicly traded company’s stock and this can be done by someone who has non-public, material information about that BAC. Insider trading can be illegal or legal depending on when the insider makes the trade. It is illegal when the material information is still non-public. The insider transactions of the company (6-month change in insider ownerships) for the Bank of America Corporation (NYSE:BAC) is -1.32%.
Institutional transactions is the amount of a Bank of America Corporation (NYSE:BAC)’s available stock owned by mutual or pension funds, insurance companies, investment firms, private foundations, endowments or other large entities that actually manage the funds on the behalf of others, so its an interesting element for the traders to note it, and the Institutional ownership for the BAC is -0.82%.
A Financial sector firm, Bank of America Corporation
(NYSE:BAC) stock slumped -0.92% on Tuesday and when day-trade ended the stock
finally concluded at $29.15 and number of shares that changed hands during the
day are 32.23 Million. The number of shares BAC stock currently held by all its
shareholders are 9725.90 and floated shares, the number of shares are available
for trading in an open market on last trading day are 9499.12. The average
volume of shares for 3 months is 51338.44 and BAC stock value has moved between
$22.6 – 32.03 in last one year.
The Bank of America Corporation (NYSE:BAC)’s latest earnings date is 7/17/2019. The Gross margin is the difference between the revenue and the cost of goods sold (COGS), divided by revenue. In other words, Gross Margin is a percentage value, while Gross Profit is a monetary value. The profit margin is 39.00% and the stock has gained 18.30% in 2019 to date.
Bank of America Corporation (NYSE:BAC)’s monthly stock performance is 9.26%, the quarterly performance is 0.97%, the half year performance is calculated as 18.30%. The yearly performance of BAC is 3.41%.
The higher the volatility, the riskier the security. For example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a “volatile” market, if the stock price stays relatively stable, the security has low volatility. The Bank of America Corporation (NYSE:BAC) weekly volatility is measured as 1.55% and monthly volatility measured as 1.91%.
Return on assets (ROA) is a main indicator of how profitable a company is relative to its total assets. BAC return on assets is 1.20%, the return on equity (ROE) of the Bank of America Corporation (NYSE:BAC) is 11.20%, while the most important return on investment is calculates as a percentage and is typically used for personal financial decisions, and BAC return on investment is 5.30%.
The price to earnings ratio is 10.83, price to sales ratio is 4.09, and price to book ratio is 1.16, price to cash per share ration is 0.39, price to free cash flow is 39.82.
Analysts mean target price for Bank of America Corporation (NYSE:BAC) is $33.29 while analysts mean recommendation is 2.20. The current share price indicates that stock is -8.65% away from its one year high and is moving 28.64% ahead of its 52-week low. BAC’s distance from 20 day simple moving average is 3.55% and distance from 50-Day simple moving average is 1.52%.