JMP Securities Upgrades Bank of America to "Market Perform"  (BAC)

JMP Securities Upgrades Bank of America to “Market Perform” (BAC)


JMP Securities analysts upgraded multinational banker and financial services company Bank of America Corp (BAC) as industry sales growth is expected to increase.

The analysts upgraded BAC from “Underperform” to “Market Perform.” The firm also increased Bank of America’s earnings estimates due to the overall expectation of financial industry sales growth.

Bank of America shares were up slightly during premarket trading on Thursday. The stock is up +116.37% over the past year.

The Bottom Line
Shares of Bank of America (BAC) have a .33% dividend yield, based on last night’s closing stock price of $12.03. The stock has technical support in the $10.50-$11.00 price area. If the shares can firm up, we see overhead resistance around the $13.50 price level.

Bank of America Corp (BAC) is not recommended at this time, holding a DARS™ Rating of 2.9 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today