Bank of America online banking

Bank of America online banking - Equities research analysts at Citigroup (NYSE: C) set a $18.00 price target on shares of Bank of America (NYSE: BAC) in a research note to clients and invyestors on Thursday. The analysts also removed Bank of America from their “Top Picks Live” list on a valuation call.

Separately, analysts at Bank of America (NYSE: BAC) cut their EPS estimates on shares of Bank of America in a research note on Tuesday. They now have an “equal weight” rating and a $0.98 price target on the stock. They cut their 2010 EPS estimate to $0.98 from $1.08, 2011 held at $1.65.

Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking subsidiaries (the Banks) and various nonbanking subsidiaries throughout the United States and in selected international markets, it provides a range of banking and nonbanking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Commercial Banking, Global Banking & Markets, Global Wealth & Investment Management, with the remaining operations recorded in All Other.

Shares of Bank of America (NYSE: BAC) opened at 14.82 on Friday. Bank of America has a 52 week low of $10.91 and a 52 week high of $19.86. The stock’s 50-day moving average is $12.90 and its 200-day moving average is $13.09. On average, analysts predict that Bank of America will post $0.32 EPS next quarter. The company has a market cap of $149.5 billion and a price-to-earnings ratio of N/A.

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