Market Update (NYSE:BAC): 2016 Bank of America Chicago Marathon Application Period Opens March 8

[Business Wire] – Today the Bank of America Chicago Marathon announced that runner applications will be accepted for the 2016 event beginning Tuesday, March 8, by visiting chicagomarathon.com. Registration will be conducted through a system of guaranteed entry options as well as through a non-guaranteed entry drawing. Read more on this. Bank of America Corporation (BAC) , valued at $158.53B, began trading this morning at $15.54. Looking at the stock, its one day range is $15.15 to $15.58 and has traded between $14.60 and $18.48 over the past 12 months. BAC shares are currently priced at 11.34x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.18x earnings multiple. The company pays shareholders $0.20 per share in dividend income per year, for a current yield of 1.32%. In a review of the consensus earnings estimate this quarter, 22 sell-side analysts are looking at $0.26 per share, which would be $0.01 better than the year-ago quarter and a $0.10 sequential decrease. Investors should also note that the full-year EPS estimate of $1.35 is a $0.99 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $19.77 Billion. If realized, that would be a 4.27% increase over the year-ago quarter. More recently, Wells Fargo upgraded BAC from Market Perform to Outperform (Sep 10, 2015). Previously, Nomura upgraded BAC from Neutral to Buy. The average price target for BAC shares is $18.93, which is 21.81% above where the stock opened this morning. See more in (NYSE:BAC) Similar Articles: Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Names Paul Lambert Market President for Chicago Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Merrill Lynch’s Director of Financial Gerontology Cyndi Hutchins Named Influencer in Aging by PBS’s Next Avenue Market Update: Bank of America Corporation (NYSE:BAC) – 2012 Chicago Champion and Current Half Marathon World Record-holder Headline 2015 Bank of America Chicago Marathon Elite Field