Market Update: Bank of America Corporation (NYSE:BAC) – 2016 Bank of America Chicago Marathon Non-Guaranteed Drawing Applicants Receive Notification Today

[Business Wire] – Runners who entered the 2016 Bank of America Chicago Marathon non-guaranteed entry drawing will be notified today of their selection status. This year’s field will be comprised of runners who received an entry through the drawing as well as participants who qualified for one of five guaranteed entry opportunities. Read more on this. Bank of America Corporation (BAC) , valued at $153.66B, began trading this morning at $14.98. Looking at today’s market, BAC one day range is $14.75 to $15.14 with a trailing 52-week range being $10.99 to $18.48. BAC shares are currently priced at 11.31x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.59x earnings multiple for the same period. The company pays shareholders $0.20 per share annually in dividends, yielding 1.38%. According to a consensus of 29 analysts, the earnings estimate of $0.37 per share would be $0.08 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $1.32, which would be a $0.06 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $21.00 Billion. If reported, that would be a 6.00% decrease over the year-ago quarter. More recently, Atlantic Equities downgraded BAC from Overweight to Neutral (Mar 1, 2016). Previously, Credit Agricole upgraded BAC from Sell to Outperform. When considering if the stock is under or overvalued, the average price target is $17.33, which is 15.69% above where the stock opened this morning. See more in (NYSE:BAC) Similar Articles: Stock Update: Bank of America Corporation (NYSE:BAC) – 2015 Bank of America Chicago Marathon Charity Runners Raised an Event Record $18.7 Million Market Update (NYSE:BAC): 2016 Bank of America Chicago Marathon Application Period Opens March 8 Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Names Paul Lambert Market President for Chicago