US NYSE stock alert

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CLOSING UPDATE: Bank of America increases 0.4%, led Bank sector higher 18 June 2018 18:11 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's NYSE market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Bank of America, NYSE's 2nd largest bank by market capitalisation, has increased 0.4% to trade at $US29.40 vs. the Bank sector which strengthened 5.2 points (or 0.2%) to 2,648.8. Representing a weighting of about 15.6% of the sector, the stock accounted for 31.9% of today's gain. Trading volume was 75% of average at the end of the day. Compared with the S&P 500 Index which fell 5.9 points (or 0.2%) in the day, this represented a relative price increase of 0.6%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Return on Assets 0.8% [0.6%]

Bullish Signals:

+ Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 2% of stock by value of Q Ratio.

+ Net profit margin has averaged 32.9% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ The Brand Value represents 4.0% of the estimated Enterprise Value of $US558.2 billion.

+ As per the Du Pont analysis, Return on Equity is less than stellar at 6.8%.

Note

Bank of America today is at a discount of 10.7% to the 12-month high of $US32.92 on 12 Mar, 2018. It is at a premium of 31.6% to the 12-month low of $US22.34 on 26 Jun, 2017.

Bearish Signals:

The negative 0.15 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

In the NYSE market, the stock's relative price strength percentile is falling at 48 for 6 months, 14 for 3 months and 10 for 1 month.

The price dropped 2.2% in the last week.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Dividend yield of 1.6% [1.8%]

TODAY'S ALERT

Afternoon Alert: Bank of America inches higher, resistance at 12-day EMA

18 June 2018 13:00 EDT

Bank of America Corporation (NYSE:BAC) has increased 0.4% but fell short of the 12-day Exponential Moving Average [EMA] of $US29.66.

RECENT ALERTS

CLOSING UPDATE: Bank of America decreases 0.7% - underperforming 81% of stocks

15 June 2018 18:13 EDT

Bank of America, NYSE's 2nd largest bank by market capitalisation, has decreased 22.0c (or 0.7%) today to trade at $US29.28 and has underperformed 81% of the market in the past week. Compared with the S&P 500 Index which fell 17.7 points (or 0.6%) in the day, this represented a relative price change of -0.1%.

Afternoon Alert: Bank of America decreases 1.1%, leads Bank sector lower

15 June 2018 13:02 EDT

Bank of America Corporation (NYSE:BAC) has decreased 1.1% to trade at $US29.19 vs. the Bank sector which weakened 12.0 points (or 0.5%) to 2,635.7. Representing a weighting of about 15.6% of the sector, the stock accounted for 36.3% of today's loss. The shares have underperformed 88% of the market in the past month. Trading volume was 1.5 times average so far today.

Bank of America Corporation (N:BAC)

ISIN: US0605051046

PermID: 4295188068

CIK: 70858

CUSIP: 060505104

Source: www.BuySellSignals.com