Market Update (NYSE:BAC): Bank of America’s New Online Home Loan Navigator Delivers Anytime Updates and Transparency for Mortgage Applicants

[Business Wire] – Continuing to hone the high-touch and high-tech approach consumers want when it comes to the mortgage process, Bank of America has launched Home Loan Navigator™, an online tool to keep applicants connected to the status of their loan, anytime. Read more on this. Bank of America Corporation (BAC) , with a current value of $141.50B, began trading this morning at $13.74. A quick look at the market, the company’s stock traded between $13.66 and $13.85 with a trailing 52-week range being $10.99 to $18.48. BAC shares are currently priced at 10.15x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.47x earnings multiple for the same period. The company pays shareholders $0.20 per share annually in dividends, yielding 1.49%. Consensus earnings for the current quarter by the 29 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 $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.32, which would be a $0.06 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $20.95 Billion. If reported, that would be a 6.22% decrease over the year-ago quarter. Recently, Keefe Bruyette downgraded BAC from Outperform to Mkt Perform (May 16, 2016). Previously, Atlantic Equities downgraded BAC from Overweight to Neutral. The average price target for BAC shares by the analysts covering the stock is $17.40, which is 26.64% above where the stock opened this morning. See more in (NYSE:BAC) Similar Articles: Market Update (NYSE:BAC): Bank of America reaches $190 million mortgage settlement Market Update: Bank of America Corporation (NYSE:BAC) – 2016 Bank of America Chicago Marathon Non-Guaranteed Drawing Applicants Receive Notification Today Market Update: Bank of America Corporation (NYSE:BAC) – Bank of America Provides NYCEEC with $10 Million Loan for Clean Energy Projects