Bank Of America (BAC) Earnings: August Charge-Offs at 2.46%, Delinquencies at 1.43%

A look at Bank Of America Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts using the Smartkarma Smart Scores have indicated a positive long-term outlook for Bank of America. With a strong Value score of 4, the company is deemed to be undervalued compared to its peers. Additionally, Bank of America scores a respectable 3 in both Dividend and Growth categories, suggesting stability and potential for expansion. However, the company’s Resilience score of 2 highlights some vulnerabilities that may need to be addressed. Overall, the Momentum score of 3 indicates a steady upward trend in performance.

Bank of America Corporation is a financial institution that provides a range of services including banking, investing, and asset management. It also operates subsidiaries in mortgage lending and investment banking. The Smartkarma Smart Scores paint a promising picture for the company’s future, particularly in terms of value, dividend potential, and growth prospects. While there are some resilience concerns, the overall momentum remains positive, hinting at a potentially bright long-term outlook for Bank of America.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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