Market Update (NYSE:BAC): Android Pay Arrives at Bank Of America ATMs

[at Fortune] – Bank of America is allowing people to use Android Pay to get cash out of the ATM. Read more on this. Bank of America Corporation (BAC) , currently valued at $149.25B, opened at $14.60. During today’s session, BAC traded between $14.43 to $14.87 and has traded between $10.99 and $18.48 over the past 12 months. BAC shares are currently priced at 11.13x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.65x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.20 per share annually in dividends, yielding 1.44%. Consensus earnings for the current quarter by the 28 sell-side analysts covering the stock is an estimate of $0.37 per share, which would be $0.08 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.32, which would be a $0.06 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $20.97 Billion. If realized, that would be a 6.13% decrease over the year-ago quarter. In terms of ratings, Keefe Bruyette downgraded BAC from Outperform to Mkt Perform (May 16, 2016). Previously, Atlantic Equities downgraded BAC from Overweight to Neutral. Investors should keep in mind is that the average price target is $17.43, which is 19.38% above where the stock opened this morning. See more in (NYSE:BAC) Similar Articles: Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Announces Preliminary Voting Results of 2016 Annual Meeting of Stockholders Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Provides NYCEEC with $10 Million Loan for Clean Energy Projects Market Update: Bank of America Corporation (NYSE:BAC) – UPDATE 1-Bank of America revs up auto loans business despite warning signs