Recently, the price objective for Bank of America (NYSE:BAC) was increased by the BMO Capital markets by $1 from $16 to $17. BoA also reported the Q3 earnings last week. There have been some reported changes in the loan and interest rates for the bank, as well as in the stock performance. The firm’s 30 year fixed rate loan interest rate was recorded at 3.750% while the APR was recorded at 3,885%. The 15 year fixed rate mortgages were recorded at 2.875% with an APR of 3.096%.
On Friday, the stocks opened at $16.28 before closing at $16.12. The stocks fell by -0.43% for the day. The weekly performance for the stocks is staged at 3.47%. The net income as recorded available for the shareholders for the Q3 2015 is recorded at $492 Mn, as against the $512 Mn recorded for the same quarter for the past year. The diluted EPS for the quarter has been recorded at $0.64 as against $0.7 EPS for the Q3 for the past year. The revenue for the firm fell by 2.5% for this quarter as against the same quarter for the previous year. There was a 6.9% decline in the net interest income for the firm. There has been a drop in the legal expenses, which has made up for the drop in the net interest income.
Bank of America Corporation is a bank holding company. The company, through its auxiliaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Administration; Global Banking; Global Markets; and Other segments.
Host Hotels and Resorts (NASDAQ: HST) has received a strong hold rating from the analysts. Very few analysts have given it a strong buy or even a buy rating. The performance of the firm at the stock market is responsible for the rating it has received. The firm has achieved a 52 week low and 52 week high of $15.36 and $24.5 respectively. The 50 day moving average achieved by the firm is $17.05 respectively. There has been a 0.52 point change in the 50 day moving average. The market cap recorded by the firm is $13.2 Bn while the earnings per share for the firm is recorded at 0.94. The consensus estimate made by Wall Street Analysts for the firm’s EPS is $0.37. This estimate has been made for the current quarter. The highest EPS estimate is recorded at $0.39 while the lowest has been recorded at $0.35. The actual sales achieved by the firm are recorded at $1449. The consensus estimate for sales was made at $1469.676 by the group of six analysts, who have given it a hold rating. Analysts are still rating the firm.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
