BofA gives Saudi Aramco 'neutral' rating, 36 riyal price target [Reuters]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: Reuters
BofA gives Saudi Aramco 'neutral' rating, 36 riyal price target LONDON (Reuters) - BofA Global Research started its coverage of Saudi Arabia’s state oil giant Saudi Aramco 2222.SE with a ‘neutral’ rating on Wednesday, setting a price target of 36 riyals ($9.60) per share and saying its fundamentals were now “fully priced”. “Aramco is unique. In terms of quality of assets, scale and profitability it dwarfs just about any company globally,” BofA said in a note. “Yet, at current valuations, most of the outstanding fundamental factors are already priced in.” BofA, the rebranded Bank of America Merrill Lynch research unit, joins a growing list of major brokerages who have started rating Aramco in recent weeks after its record $29.4 billion stock market floatation last month. JPMorgan ( JPM.N ) also initiated its coverage on Wednesday with an “overweight” recommendation. It set a price target of 37 riyals ($9.86) per share, saying that it saw scope for an increase in the energy giant’s pr
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- Judge Blocks New U.S. Rule Limiting Credit Card Late Fees [The New York Times]The New York Times
- Ways small businesses can navigate funding roadblocks [Yahoo! Finance Canada]Yahoo! Finance Canada
- Ways small businesses can navigate funding roadblocks [Yahoo! Finance]Yahoo! Finance
- Wall Street Offloads Crash Insurance as Fear Fades Across Assets [BNN Bloomberg (Canada)]BNN Bloomberg
- Bank of America Recommends Shareholders Reject "Mini-Tender" Offer by Tutanota LLCPR Newswire
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 5/10/24 - Form 8-K
- 5/10/24 - Form 424B2
- 5/10/24 - Form FWP
- BAC's page on the SEC website