Stock Update (NYSE:BAC): Institute for Economic Empowerment of Women and Bank of America Announce Partnership to Advance Women Entrepreneurs in Rwanda and Afghanistan

[Business Wire] – CHARLOTTE, N.C.–(BUSINESSWIRE)– The Institute for Economic Empowerment of Women (IEEW) and Bank of America today announced a partnership to support women entrepreneurs in Rwanda and Afghanistan. Since its inception 10 years ago, more than 600 women entrepreneurs from Rwanda and Afghanistan have graduated from IEEW’s PEACE THROUGH BUSINESS® program. “Women’s economic empowerment is a driver of economic growth around the world that we are committed to support,” said Andrea Smith, chief administrative officer, Bank of America. Read more on this. Bank of America Corporation (BAC) , valued at $146.19B, opened at $14.15. Looking at today’s trading action, the company’s one day range from $14.03 to $14.32 with a trailing 52-week range being $10.99 to $18.48. Bank of America (BAC) shares are currently priced at 10.70x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.51x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.20 per share annually in dividends, yielding 1.39%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.37 per share, which would be $0.08 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $1.32, which would be a $0.06 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.94 Billion. If realized, that would be a 6.27% decrease over the year-ago quarter. Recently, Atlantic Equities downgraded BAC from Overweight to Neutral (Mar 1, 2016). Previously, Credit Agricole upgraded BAC from Sell to Outperform. When considering if the stock is under or overvalued, the average price target is $17.47, which is 23.46% 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 Announces Preliminary Voting Results of 2016 Annual Meeting of Stockholders Market Update: Bank of America Corporation (NYSE:BAC) – 2016 Bank of America Chicago Marathon Non-Guaranteed Drawing Applicants Receive Notification Today Stock Update: Bank of America Corporation (NYSE:BAC) – 2015 Bank of America Chicago Marathon Charity Runners Raised an Event Record $18.7 Million