Wednesday, April 18, 2012

Bank of America stock outlook april 19 2012

Bank of America stock outlook april 19 2012, bac stock forecast 2012, bac stock prediction may 2012 : Bank of America Corp (NYSE:BAC), whose collection of home-equity loan surpasses its stock market value, maybe will call junior loans of nearly $2 billion as bad investments tomorrow even as some borrowers are still making payments on time.

That is what Barclays (NYSE:BCS) expects the bank is going to report in its first-quarter financial report, after steps taken by JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC) and Citigroup Inc. (NYSE:C) to reclassify junior pledges valued at $4.1 billion as nonperforming.

The Charlotte, North Carolina- based company is expected to report a 6.9 percent drop in first- quarter adjusted net income to $1.62 billion.

Recent competitors trading trend showed Morgan Stanley (NYSE:MS) ended up +2.00% to $17.85, JPMorgan Chase & Co (NYSE:JPM) advanced +1.32% to finish at $43.90, Wells Fargo & Company (NYSE:WFC) gained 1.60% to close at $33.68 and Citigroup Inc (NYSE:C) increased 3.18% to complete the trade at $35.08.

Bank of America Corp (NYSE:BAC) last session volume of 193.42 million shares was surprisingly higher than its average volume of 294.24 million shares. The stock after opening at $8.97 hit high price of $9.00 and then closed at $1.48 by scoring +8.92%.

BAC generated revenue of 66.24 billion in the following twelve months and earned $83.00 million. The Company showed a positive 1.55% in the net profit margin and as well as in its operating margin which remained -0.25%. Company’s annual sales growth for the past five year was -3.36%.

The BAC past twelve months price to sales ratio was 1.45 and price to cash ratio remained 0.80. As far as the returns are concern, the BAC as +0.07% return on asset.

The stock showed weekly upbeat performance of 4.45% which was maintained for the month at -8.98%. Likewise the positive performance for the quarter was recorded as +37.87% and for the year was -30.04% while the YTD performance remained at +60.72%.

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