Stock Update (NYSE:BAC): Bank of America to Participate in the Credit Suisse Financial Services Forum on February 10

[Business Wire] – Alastair Borthwick, head of Global Commercial Banking at Bank of America, will participate in the Credit Suisse Financial Services Forum on Wednesday, February 10 at 8:45 a.m. Eastern Time. Read more on this. Bank of America Corporation (BAC) , with a current market cap of $131.52B, began trading this morning at $13.28. Today’s price range has been between $12.52 and $13.29 per share with its 52-week range being $12.52 to $18.48. Priced at 8.76x this year’s forecasted earnings, BAC shares are relatively inexpensive compared to the industry ’s 13.14x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.20 per share annually in dividends, yielding 1.41%. According to a consensus of 26 analysts, the earnings estimate of $0.30 per share would be $0.03 better than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $1.51 which would be a $0.13 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.83 Billion. If reported, that would be a 1.91% increase over the year-ago quarter. More recently, Credit Agricole upgraded BAC from Sell to Outperform (Jan 29, 2016). Previously, Sandler O’Neill upgraded BAC from Hold to Buy. The average price target for BAC shares is $18.43, which is 38.78% above where the stock opened this morning. See more in (NYSE:BAC) Similar Articles: Stock Update: Bank of America Corporation (NYSE:BAC) – Bank of America Declares Dividend on Series L and Series Y Preferred Stock 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 Company Update: Bank of America Corporation (NYSE:BAC) – Bank of America Announces 2015 Art Conservation Project Grant Recipients