Bank of America (BAC) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Bank of America (BAC) announced its quarterly earnings results on Tuesday, Jan-19-2016. The company reported $0.28 Earnings Per Share for the quarter, beating the analyst consensus estimate by $0.01. Analyst had a consensus of $0.27 EPS. The company had revenue of $19800.00 million for the quarter, compared to analysts expectations of $19891.85 million.The company’s revenue was up 105669.2% compared to the same quarter last year. During the same quarter in the previous year, Bank of America posted $0.32 EPS.

Bank of America Corporation is up 8.54% in the last 3-month period. Year-to-Date the stock performance stands at -4.78%.The company shares have dropped -4.75% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $18.48 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $17.36 and the 200 Day Moving Average price is recorded at $16.91.

Bank of America Corporation (NYSE:BAC) has lost 2.55% during the past week and dropped 5.45% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.73%. Bank of America Corporation (NYSE:BAC) has underperformed the index by 3.24% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Shares of Bank of America Corporation (NYSE:BAC) ended Thursday session in red amid volatile trading. The shares closed down 0.22 points or 1.29% at $16.83 with 47,152,968 shares getting traded. Post opening the session at $17.01, the shares hit an intraday low of $16.83 and an intraday high of $17.07 and the price vacillated in this range throughout the day. The company has a market cap of $175,242 million and the number of outstanding shares have been calculated to be 10,412,479,700 shares. The 52-week high of Bank of America Corporation (NYSE:BAC) is $18.48 and the 52-week low is $14.6.

Currently the company Insiders own 0.21% of Bank of America Corporation shares according to the proxy statements. Institutional Investors own 60.5% of Bank of America Corporation shares. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, Nguyen Thong M, officer (Pres, Ret. Bnkg & Co-Hd CB) of Bank Of America Corp /De/, unloaded 7,520 shares at an average price of $18.06 on July 21, 2015. The total amount of the transaction was worth $135,811, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, institutional investors, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking and various nonbanking subsidiaries throughout the United States and in international markets, Bank of America provides a range of banking and nonbanking financial services and products through five business segments: Consumer & Business Banking (CBB), Consumer Real Estate Services (CRES), Global Wealth & Investment Management (GWIM), Global Banking and Global Markets and remaining operations are included in All Others. The Companys franchise network includes approximately 5,100 banking centers, 16,300 ATMs, nationwide call centers, and online and mobile platforms.