Invest to secure future: Bank of America Corp (NYSE: BAC)

On Monday Bank of America Corp (NYSE: BAC) stock recorded daily change of 2.03% to close at $33.62 with the total traded volume of 11500 shares along average volume of 45420233 shares. 52-week range of the stock remained $ 26.21 – 35.72 while its day low price was $33.53 and its hit its day high price at $33.9. Its previous closing value stands at $32.95.

Bank of America surpassed its Objective to Employ 10,000 Last month Pros, reservists and national guard. This target was set to deal with special challenges employees face in finding employment. Besides this landmark, Bank of America will celebrate 100 decades of supporting the army after this season — a tradition that began in July 1920 when the firm started providing financial solutions and goods for service members and their families in the Fort Sam Houston foundation in Texas. Bank of America works military banking centers such as 274 ATMs and 62 facilities.

We remain steadfast in our dedication to serving and hiring army personnel that contribute a lot to our business, our communities and our nation,” said Brian Moynihan, CEO of Bank of America.

Since 2009, over $21M has been given by Bank of America to Army nonprofits — such as Student Veterans for Military and Veterans Families of America, USO, and Institute — to deal with the needs of families.

Veteran Small Business Capital: During lender and CDFI (community development financial institutions) funds and experience, the company offers funds for army -, seasoned – and – family-owned tiny companies.

Home Donation Program: Over 2,400 properties are given to nonprofits encouraging military service members.

Recognizing the exceptional abilities and experiences that army ability brings to the business, Bank of America has committed hiring, understanding and service tools as specialists and their partners combine the business, relocate or employ.

Veteran Development Program: This application helps entrepreneurs associate with leaders and construct business acumen. Hundreds of specialists take part in line-of-business leadership applications that are military to encourage career development and their professional advancement. Today, spouses and over 500 veterans maintain leadership positions.

Army Support and Assistance Group: Over 11,000 teammates are members of the employee network. With 43 chapters across the U.S. and also the U.K., the system offers development opportunities for military workers and their families, through media, mentoring, volunteering and information forums.

BAC has an operating margin of 63.80% while its profit margin remained 38.90% for the last 12 months. Its earnings per share (EPS) expected to touch remained 49.90% for this year while earning per share for the next 5-years is expected to reach at 6.28%. The price moved ahead of -1.60% from the mean of 20 days, -1.61% from mean of 50 days SMA and performed 10.25% from mean of 200 days price. Company’s performance for the week was 1.14%, -3.67% for month and YTD performance remained -4.54%.

 

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