NickDin

Bank of america

Long
NYSE:BAC   Bank of America

BASIC FUNDAMENTALS

i) P/E=13. So, if the earnings remain constant and be delivered to shareholders we see that a potential buyer of this share will take back his capital in 13 years.Also, a high P/E ratio shows the positive expectations for future profitability.
ii) P/BV indicator is less than 1, which means that book value is higher than the market value and make the share safe and overestimated.
iii) ROE indicator shows how efficiently the management uses the equities to make profits ,The ROE at the first quarter of 2016 was 6% ,the second quarter was 5.9% for the the third quarter was 5,5 % ,finally at the fourth quarter was 6% .
TECHNICALS
i) MA ,WMA -BUY SIGNAL

www.tradingview.com/ x/VaP4MVZd/

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.