Bank of America Co. (NYSE:BAC) released its quarterly earnings data on Tuesday. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.04, RTT News reports. The firm had revenue of $25.38 billion for the quarter, compared to analyst estimates of $25.22 billion. Bank of America had a net margin of 13.28% and a return on equity of 10.56%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS.
Bank of America Price Performance
Shares of Bank of America stock opened at $43.98 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.80 and a quick ratio of 0.79. Bank of America Co. has a fifty-two week low of $24.96 and a fifty-two week high of $44.44. The firm has a fifty day moving average price of $39.93 and a two-hundred day moving average price of $36.83. The company has a market cap of $343.94 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.68 and a beta of 1.35.
Bank of America Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Friday, June 7th. Bank of America’s dividend payout ratio (DPR) is presently 33.22%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Bank of America
About Bank of America
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.
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