What To Hold: Bank Of America Corporation's Hold Recommendation Reiterated
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- Since the same quarter one year prior, revenues slightly increased by 0.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Compared to its price level of one year ago, BAC is up 64.57% to its most recent closing price of 14.80. Looking ahead, our view is that this company's fundamentals should not have much impact in either direction, allowing the stock to generally move up or down based on the push and pull of the broad market.
- Net operating cash flow has decreased to $8,227.00 million or 11.51% when compared to the same quarter last year.
- Although BAC's debt-to-equity ratio of 2.25 is very high, it is currently less than that of the industry average.
--Written by a member of TheStreet Ratings Staff. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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