As per Bank of America Corporation (NYSE:BAC) statement on 2016-07-28, it will disburse $0.075 per share as payout. The record date is 2016-09-02, the payout date as 2016-09-23 and the ex-dividend date is 2016-08-31.
In FY2015 Bank of America Corporation (NYSE:BAC) disbursed dividend of $0.075. A year ago, it was $0.075, showing a difference of 66.6667%. The mean dividend, as seen by record of previous 5 years, is $0.075, implying growth of 37.973% .
For the period ended on 2015-12-31, Bank of America Corporation (NYSE:BAC)’s earnings came at $0.36 per share paralleled to per-share earnings of $0.37 a year ago. The firm can come up with financial report for quarter ending 2016-09-30 on or around 2016-10-17. The EPS estimate is $0.33. Investors assess stock movement based on the earnings performance.
The interim price target for Bank of America Corporation (NYSE:BAC) is set at $17.653, a consensus price view of 13 calls.
Consensus forecasts of quarterly figures are issued for current quarter, the consequent quarter and similarly for virtually eight quarters. At times, forecasts are available following the first few months. Forecasts are also set for the next and current fiscal.
A mean forecast for this fiscal is revealed once actual report for the gone year is posted. As actual numbers are announced, analysts update earnings forecasts within the year or quarter they are envisaging.
Even the refined investor groups such as pension fund depend comprehensively on consensus forecasts. Many investors do not have adequate resources to analyze performance of publicly-listed firms. As a result, it becomes convenient for the retail as well institutional investors to keep tabs on the company’s performance they are interested for making investment.
The best price estimate for Bank of America Corporation (NYSE:BAC) is seen at $20 and the lowest level estimate is $15. This range results in a standard deviation of $1.675 in reported estimates. Investors can go for investing in the stock when it is close to consensus price.
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