Trade-Ideas LLC identified

Bank of America Corporation

(

BAC

) as a pre-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Bank of America Corporation as such a stock due to the following factors:

  • BAC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $2.4 billion.
  • BAC traded 426,193 shares today in the pre-market hours as of 8:43 AM.
  • BAC is down 2.1% today from yesterday's close.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in BAC with the Ticky from Trade-Ideas. See the FREE profile for BAC NOW at Trade-Ideas

More details on BAC:

Bank of America Corporation operates as a bank holding company which through its subsidiaries, engages in Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Management; Global Banking; Global Markets; and other segments. The stock currently has a dividend yield of 1.6%. BAC has a PE ratio of 9. Currently there are 16 analysts that rate Bank of America Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Recommends

The average volume for Bank of America Corporation has been 124.6 million shares per day over the past 30 days. Bank of America has a market cap of $125.9 billion and is part of the financial sector and banking industry. The stock has a beta of 1.22 and a short float of 0.7% with 0.35 days to cover. Shares are down 25.5% year-to-date as of the close of trading on Monday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Bank of America Corporation as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, attractive valuation levels and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Highlights from the ratings report include:

  • BAC's revenue growth has slightly outpaced the industry average of 0.2%. Since the same quarter one year prior, revenues slightly increased by 5.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • BANK OF AMERICA CORP has improved earnings per share by 12.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, BANK OF AMERICA CORP increased its bottom line by earning $1.37 versus $0.35 in the prior year. This year, the market expects an improvement in earnings ($1.50 versus $1.37).
  • The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Commercial Banks industry average. The net income increased by 9.4% when compared to the same quarter one year prior, going from $3,050.00 million to $3,336.00 million.
  • The gross profit margin for BANK OF AMERICA CORP is currently very high, coming in at 83.47%. Regardless of BAC's high profit margin, it has managed to decrease from the same period last year. Despite the mixed results of the gross profit margin, BAC's net profit margin of 14.87% is significantly lower than the industry average.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.