In a report released today, James Mitchell from Seaport Global maintained a Hold rating on Bank of America (BAC – Research Report). The company’s shares closed yesterday at $35.23.
Mitchell covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Citigroup, and JPMorgan Chase & Co.. According to TipRanks, Mitchell has an average return of 6.8% and a 54.55% success rate on recommended stocks.
In addition to Seaport Global, Bank of America also received a Hold from Robert W. Baird’s David George in a report issued yesterday. However, on the same day, Oppenheimer maintained a Buy rating on Bank of America (NYSE: BAC).
Based on Bank of America’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $21.96 billion and a net profit of $3.65 billion. In comparison, last year the company earned a revenue of $24.53 billion and had a net profit of $7.91 billion
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Bank of America (BAC) Company Description:
Bank of America Corp. provides banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.
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