News Review: General Electric Company (GE), Bank of America Corporation (BAC)

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General Electric Company (GE)

General Electric Company operates as a technology and financial services company. Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital. The company’s Energy Infrastructure segment offers wind turbines; gas and steam turbines and generators. Its Aviation segment offers jet engines, turboprop and turbo shaft engines, aerospace systems and equipment. Its Healthcare segment provides medical imaging and information technologies, medical diagnostics, patient monitoring systems. Its Transportation segment provides drive technology solutions to various industries. Its Home and Business Solutions segment provides home appliances; lighting products, plant automation, hardware, software, and embedded computing systems. Its GE Capital segment offers commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. General Electric Company is headquartered in Fairfield, Connecticut.

General Electric Company (GE)‘s Financial Overview

General Electric Company (GE) surged 1.79% yesterday to close its trading session at $13.68. The company has 1 year Price Target of $17.96. General Electric Company has 52-Week high of $30.54 and 52-Week Low of $12.73. The stock touched its 52-Week High on Obsolete and 52-Week Low on Obsolete. The stock traded with the volume of 139.04 Million shares yesterday. The firm shows the market capitalization of $121.32 Billion.

General Electric Company (GE) reported its last quarterly earnings on 12/30/2017 where the firm reported its Actual EPS of $0.27/share against the analyst consensus estimate of $0.29/share. The difference between the actual and expected EPS is $-0.02 a share with a surprise factor of -6.9%.

The firm is trading with SMA20 of -3.01 Percent, SMA50 of SMA50 Percent and SMA200 of -34.55 percent. General Electric Company has P/S value of 0.99 while its P/B value stands at 1.85. Similarly, the company has Return on Assets of -1.7 percent, Return on Equity of -8.6 percent and Return on Investment of -0.4 Percent. The company shows Gross Margin and Operating Margin of 21.8 percent and -6.1 percent respectively.

The Stock currently has Analyst’ mean Recommendation of 2.7 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

The 15 analysts offering 12-month price forecasts for General Electric Co have a median target of 17.00, with a high estimate of 28.00 and a low estimate of 15.00. The median estimate represents a +24.27% increase from the last price of 13.68.

Bank of America Corporation (BAC)

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 47 million consumer and small business relationships with approximately 4,500 retail financial centers, approximately 16,000 ATMs, and award-winning digital banking with approximately 34 million active users, including approximately 24 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services.

Bank of America Corporation (BAC)‘s Financial Outlook

The 30 analysts offering 12-month price forecasts for Bank of America Corp have a median target of 35.00, with a high estimate of 37.00 and a low estimate of 22.00. The median estimate represents a +19.09% increase from the last price of 29.39.

According to Zacks Investment Research, Bank of America Corporation has a Consensus Recommendation of 2. (The Scale is from 1-5 where 1 means Strong Buy and 5 means Strong Sell).

The Stock declined-0.44% and closed its last trading session at $29.39. The company has the market capitalization of $315.31 Billion. The stock has 52-week high of $33.05 and 52-Week low of $22.07. The firm touched its 52-Week high on Obsolete and 52-Week low on Obsolete. The company has volume of 79.01 Million shares. The company has a total of 10.73 Billion shares outstanding.

Bank of America Corporation (BAC) in the last quarter reported its actual EPS of $0.48/share where the analyst estimated EPS was $0.44/share. The difference between the actual and Estimated EPS is $0.04. This shows a surprise factor of 9.1 percent.

The company has YTD performance of -0.44 percent. Beta for Bank of America Corporation stands at 1.36 while its ATR (average true range) is 0.83. The company has Weekly Volatility of 4.19%% and Monthly Volatility of 2.50%.

Bank of America Corporation has distance from 20-day Simple Moving Average (SMA20) of -7.24%, Distance from 50-Day Simple Moving Average of SMA50 percent and Distance from 200-Day Simple Moving Average of 7.35%.

The Company currently has ROA (Return on Assets) of 0.7 percent, Return on Equity (ROE) of 6.8 Percent and Return on Investment (ROI) of 4.8% and Operating & Profit margin of 71.7% and 28.9% respectively.

 

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