News Review: Bank of America Corporation (NYSE:BAC), Sirius XM Holdings Inc. (NASDAQ:SIRI)

Bank of America Corporation (NYSE:BAC)

The company announced its last quarter financial performance results on 10/17/2016. Bank of America Corporation (NYSE:BAC) belongs to Finance sector that surged 0.4% in value when last trading session closed at $20.16. The company has a market capitalization of $206.64 Billion. The company’s stock has a Return on Assets (ROA) of 0.7 percent, a Return on Equity (ROE) of 6.2 percent and Return on Investment (ROI) of 4.1 percent. The company reached its 52-Week high of $20.2 on Nov 14, 2016 and 52-Week low of $10.99 on Feb 11, 2016.

Earnings per share (ttm) for Bank of America Corporation (NYSE:BAC) according to Finviz Data is $1.35.

The growth estimate for Bank of America Corporation (NYSE:BAC) for the current quarter is 40.7 percent. The projected growth estimate for the next quarter is 17.9 percent. The company’s stock has grown by 17.77 percent in the past 5 years. For the next 5 years, the company is expected to grow by 8.02 percent.

This company was Downgrade by Guggenheim on 15-Nov-16  to Neutral.

The 27 analysts offering 12-month price forecasts for Bank of America have a median target of 18.00, with a high estimate of 20.00 and a low estimate of 13.00. The median estimate represents a -10.71% decrease from the last price of 20.16.

Financial History for Bank of America Corporation (NYSE:BAC):

Following Earnings result, share price were DOWN 17 times out of last 27 Qtrs. In the last 27 earnings reports, the company has topped earnings-per-share estimates 75% percent of times. It has met expectations  0 times and missed earnings  3  times.

The consensus recommendation for Bank of America Corporation (NYSE:BAC) is 1.72. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The consensus recommendation 30 days ago for this company stood at 1.61. In comparison, the consensus recommendation 60 days ago was at 1.65, and 90 days ago was at 1.68 respectively.

Future Expectations for Bank of America Corporation (NYSE:BAC):

When the current quarter ends, Wall Street expects Bank of America Corporation to have earnings per share of $0.38.

Revenue is expected to range from 20.3 Billion to 21.73 Billion with an average of 20.91 Billion.

Company Profile:

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through five segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, Global Markets, and Legacy Assets & Servicing. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through approximately 4,700 financial centers, 16,000 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Management segment offers investment management, brokerage, banking, and retirement products, as well as wealth management and customized solutions. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. The Legacy Assets & Servicing segment engages in mortgage servicing activities related to residential first mortgage and home equity loans; and managing legacy exposures related to mortgage origination, sales, and servicing. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.

Sirius XM Holdings Inc. (NASDAQ:SIRI):

Sirius XM Holdings Inc. (NASDAQ:SIRI) belongs to Consumer Discretionary sector closed its last session with a gain of 2 percent and closed its previous trading session at $4.58. According to Finviz reported data, the stock currently has Earnings per Share (EPS) (ttm) of $0.14. The company has the Market capitalization of $22 Billion. The company’s stock has a Return on Assets (ROA) of 8.8 percent, a Return on Equity (ROE) of -141.7 percent and Return on Investment (ROI) of 15.1 percent. The company reached its 52-Week high of $4.6 on Nov 15, 2016 and 52-Week low of $3.29 on Feb 8, 2016.

The growth estimate for Sirius XM Holdings Inc. (NASDAQ:SIRI) for the current quarter is 33.3 percent. The projected growth estimate for the next quarter is 33.3 percent. The company’s stock has grown by 12.98 percent in the past 5 years. For the next 5 years, the company is expected to grow by 15 percent.

This company was Initiated by Telsey Advisory Group on 12-Jul-16 to Market Perform.

The 15 analysts offering 12-month price forecasts for Sirius XM Holdings Inc have a median target of 4.85, with a high estimate of 5.55 and a low estimate of 4.50. The median estimate represents a +5.90% increase from the last price of 4.58.

Financial History for Sirius XM Holdings Inc. (NASDAQ:SIRI):

Following Earnings result, share price were UP 13 times out of last 27 Qtrs. In the last 27 earnings reports, the company has topped earnings-per-share estimates 0% percent of times. It has met expectations  9  times and missed earnings  3  times.

Future Expectations for Sirius XM Holdings Inc. (NASDAQ:SIRI):

When the current quarter ends, Wall Street expects Sirius XM Holdings Inc. to have earnings per share of $0.04.

Revenue is expected to range from 1.28 Billion to 1.31 Billion with an average of 1.29 Billion.

Company Profile:

Sirius XM Holdings Inc. provides satellite radio services in the United States. The company broadcasts music plus sports, entertainment, comedy, talk, news, traffic, and weather programs, including various music genres ranging from rock, pop and hip-hop to country, dance, jazz, Latin, and classical; live play-by-play sports from principal leagues and colleges; multitude of talk and entertainment channels for various audiences; national, international, and financial news; and local traffic and weather reports for 21 metropolitan markets. It also streams music and non-music channels over the Internet; and offer applications to allow consumers to access its Internet radio service on smartphones and tablet computers. In addition, the company distributes satellite radios through the sale and lease of new vehicles; and acquires subscribers through the sale and lease of previously owned vehicles with factory-installed satellite radios. Its satellite radio systems include satellites, terrestrial repeaters, and other satellite facilities; studios; and radios. Further, the company provides satellite television services, which offer music channels on the DISH NETWORK satellite television service as a programming package; Travel Link, a suite of data services that include graphical weather, fuel prices, sports schedule and scores, and movie listings; real-time traffic services; and real-time weather services. Additionally, it offers location-based services through two-way wireless connectivity, including safety, security, convenience, maintenance and data services, remote vehicles diagnostics, stolen or parked vehicle locator services, and monitoring of vehicle emission systems. The company also sells satellite and Internet radios directly to consumers through its Website, as well as through national and regional retailers. The company was founded in 1990 and is headquartered in New York, New York. Sirius XM Holdings Inc. operates as a subsidiary of Liberty Media Corporation.