Company Update (NYSE:BAC): Defending Bank of America Shamrock Shuffle 8K Champions Stephen Sambu and Alexi Pappas Return for April 3 Event

[ Business Wire] – The Bank of America Shamrock Shuffle 8K announced today that 2015 champions Stephen Sambu and Alexi Pappas will return to the streets of Chicago to kick off the spring running season and race for repeat victories. Read more on this. Bank of America Corporation (BAC) , with a current value of $126.22B, began trading this morning at $12.47. Looking at today’s trading action, the company’s one day range from $12.10 to $12.48 with a trailing 52-week range being $10.99 to $18.48. BAC shares are currently priced at 8.42x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.79x earnings multiple. And for income investors, the company pays shareholders $0.20 per share annually in dividends, yielding 1.65%. In a review of the consensus earnings estimate this quarter, 28 sell-side analysts are looking at $0.30 per share, which would be $0.03 better than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $1.49 is a $0.11 improvement 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 $21.52 Billion. If realized, that would be a 0.47% increase over the year-ago quarter. Recently, Credit Agricole upgraded BAC from Sell to Outperform (Jan 29, 2016). Previously, Sandler O’Neill upgraded BAC from Hold to Buy. Given all the information above, we should disclose to readers that the average price target is $17.98, which is 44.19% above than it opened this morning. See more in (NYSE:BAC) Similar Articles: Company Update (NYSE:BAC): Bank of America to Report First-Quarter 2016 Results on April 14 Company Update: Bank of America Corporation (NYSE:BAC) – Bank of America Announces 2015 Art Conservation Project Grant Recipients Market Update (NYSE:BAC): The Bank of America Shamrock Shuffle 8K Celebrates Halfway to St. Patrick’s Day With Launch of Registration