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CLOSING UPDATE: Bank of America recovers 0.2% - underperforming 85% of stocks 21 July 2017 17:50 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 3rd largest bank by market capitalisation, has decreased 14.0c (or 0.6%) today to trade at $US23.80 and has underperformed 85% of the market in the past week. Compared with the S&P 500 Index which fell 0.9 points (or 0.04%) in the day, this represented a relative price change of -0.5%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 1.7% in the last week.

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

Overvaluation:

+ Price/Earnings/Growth of 0.68 [0.4]

+ Dividend yield of 1.3% [2.2%]

+ Return on Equity 6.7% [8.9%]

Other Bearish Signals include:

+ As per the Du Pont analysis, Return on Equity is less than stellar at 6.7%.

Note

Bank of America today is at a discount of 7.4% to the 12-month high of $US25.71 on 02 Mar, 2017. It is at a premium of 71.5% to the 12-month low of $US13.88 on 02 Aug, 2016.

Bullish Signals:

The positive 0.13 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The present value of USD1,000 invested one year ago is $US1,719 [vs $US1,142 for the S&P 500 Index].

Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 1% of stock by value of Q Ratio.

Net profit margin has averaged 25.5% in the last 3 years. This is considered superior and suggests a high margin of safety.

The Brand Value represents 4.5% of the estimated Enterprise Value of $US500.2 billion.

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

Undervaluation:

Price to Book of 1.2 [1.5]

TODAY'S ALERT

Morning Alert: Bank of America decreases 0.8% - underperforming 82% of stocks

21 July 2017 11:22 EDT

Bank of America Corporation (NYSE:BAC) has decreased 19.0c (or 0.8%) today to trade at $US23.75 and has underperformed 82% of the market in the past week.

RECENT ALERTS

CLOSING UPDATE: Bank of America increased losses by 0.1%, led Bank sector lower

20 July 2017 17:51 EDT

Bank of America, NYSE's 3rd largest bank by market capitalisation, has decreased 0.5% to trade at $US23.94 vs. the Bank sector which weakened 1.5 points (or 0.06%) to 2,488.2. Representing a weighting of about 13.2% of the sector, the stock accounted for the loss. The shares have underperformed 94% of the market in the past week. Trading volume was 68% of average at the end of the day. Compared with the S&P 500 Index which fell 0.4 points (or 0.02%) in the day, this represented a relative price change of -0.5%.

Afternoon Alert: Bank of America decreases 0.6%, leads Bank sector lower

20 July 2017 13:09 EDT

Bank of America Corporation (NYSE:BAC) has decreased 0.6% to trade at $US23.91 vs. the Bank sector which weakened 2.6 points (or 0.1%) to 2,487.1. Representing a weighting of about 13.2% of the sector, the stock accounted for 74.9% of today's loss. The shares have underperformed 90% of the market in the past week. Trading volume was 68% of average so far today.

Bank of America Corporation (N:BAC)

ISIN: US0605051046

PermID: 4295188068

CIK: 70858

CUSIP: 060505104

Source: www.BuySellSignals.com