September 18, 2019
  • September 18, 2019
Breaking News
  • Home
  • FEATURED
  • Bank of America Corporation (NYSE:BAC) will no longer finance operators of private prisons and detention centers

Bank of America Corporation (NYSE:BAC) will no longer finance operators of private prisons and detention centers

By on June 27, 2019 0

Bank of America Corporation (NYSE:BAC) said it will no longer finance operators of private prisons and detention centers, joining peers in distancing itself from a sector that has triggered protests over the Trump administration’s immigration policies. The bank gave no further comment. JPMorgan Chase & Co and Wells Fargo & Co. made similar commitments to stop financing private prison companies earlier this year.


Bank of America Corporation (NYSE:BAC) shares climbs 0.54% to finally closed at $27.91 in last active session. 

BAC’s distance from 20 day simple moving average is 0.27% and distance from 50-Day simple moving average is -3.15%.

Analyst’s mean target price for BAC is $33.50 while analysts mean recommendation is 2.20. Stock value has moved between $22.69 – 32.08 in last one year. Stock has got OUTPERFORM rating from 10 of Thomson Reuters analysts, 12 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for BAC is $33.50 while analysts mean recommendation is 2.20. 

Bank of America Corporation (NYSE:BAC) yearly performance is -2.00% and net profit margin is 39.00%. Annual EPS Growth of past 5 years is 23.60%. The current share price indicates that stock is -12.54% away from its one year high and is moving 23.17% ahead of its 52-week low. 



On 26 June 2018, Regions Financial Corporation (NYSE:RF) shares climbs 0.28% and ultimately finalized to $14.43 in last traded day. Stock has got OUTPERFORM rating from 6 of Thomson Reuters analysts, 13 given HOLD rating to the stock and 2 given UNDERPERFORM rating. Analyst’s mean target price for RF is $17.08 while analysts mean recommendation is 2.50. 



At the movement Vonage Holdings Corp. (NYSE:VG) is under coverage by number of analysts. Buy rating has been given by 8 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 2 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is outperform and their mean rating for the stock is 1.54 on scale of 1-5. Analysts mean target price for Vonage Holdings Corp. (NYSE:VG) is $15.13 while their mean recommendation is 1.60 (1=Buy, 5=sell). 

If we look at stock performance in last active day trading, we see that stock has moved fell -0.88% to end the day at $11.20. The current share price indicate that stock is -23.96% away from its one year high and is moving 41.50% ahead of its 52-week low. 

Leave a comment