Home / Features / Bank of America (NYSE:BAC) Files A Federal Court Case Accusing Bank Of Misleading Trading Partners

Bank of America (NYSE:BAC) Files A Federal Court Case Accusing Bank Of Misleading Trading Partners

Bank of America Corporation (NYSE:BAC) [Trend Analysis] regains street interests, as shares shows upbeat performance moved up 4.85% on Thursday and it traded at $14.69. The 52-week high of the share price is -19.72% and 52-week low of the share price is 34.18%.

A female Bank of America (BAC) executive has filed a federal court case accusing the nation’s largest bank of misleading trading partners, discriminating against her based on gender and condoning a “bro’s club” workplace with “all-male sycophants.” Megan Messina at age of 42, a managing director and co-head of the bank’s structured credit products business, alleged she was forced her to take a leave from her job in April after she had repeatedly complained about unlawful trading practices and unfair work and pay treatment she received.

“In essence, BofA is punishing the victim by excluding her from work in a real and visible way,” Messina charged in the 41-page Manhattan federal court complaint filed Monday in New York City. “We take all allegations of inappropriate behavior seriously and investigate them thoroughly,” Bank of America said in a statement issued in response to the lawsuit.

Moving toward technical analysis,  debt to equity ratio stands at 1.90. This is an important indicator as a higher ratio typically suggests that investors are investing more confidently as compared to companies in the same industry has lower ratios. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 258.80%. Investors looking further ahead will note that the Price to next year’s EPS is 20.18%.

Noting a main crunch of analyst research by WSJ, BAC under observation of quarterly per share earnings, it has second quarter 2016 trend of $0.37, while in next quarter estimated EPS trend is $0.35 and for annual basis for 2016 estimated EPS is $1.32.

Relatively pool of WSJ analyst issues diverse rating, as for current level it has 21 experts rated as “BUY” security, 5 analyst recommend as “Overweight,” and 6 experts rated as “Hold”.

As for as concerns shares volumes, in share capital Bank of America Corporation (NYSE:BAC) has 10464.33 million outstanding shares among them 10254.50 million shares have been floated in market exchange. The firm’s institutional ownership remained 63% while insider ownership included 0.06%.

The stock showed weekly upbeat performance of 3.45%, which maintained for the month at 1.66%. Likewise the positive performance for the quarter recorded as 20.47% and for the year was -11.27%, while the YTD performance remained at -12.38%.


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