The State of Oregon mandates that all local governments establish Budget Committees made up of citizen members and elected officials. Please see our Public Meetings Calendar to see a schedule of upcoming public meetings and Agendas / Minutes. One to three meetings are held annually in May, and others may be held as needed. The City Council and seven citizen appointees make up the committee. To read this article on click here.The Budget Advisory Committee is charged with the responsibility of reviewing the City budget, holding public budget hearings, and recommending its adoption by City Council. Click to get this free reportīank of America Corporation (BAC) : Free Stock Analysis Report Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries. The Banks - Major Regional industry is part of the Finance sector. The Banks - Major Regional was holding an average PEG ratio of 1.04 at yesterday's closing price. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. We can also see that BAC currently has a PEG ratio of 1.17. This valuation marks a premium compared to its industry's average Forward P/E of 7.44. Looking at its valuation, Bank of America is holding a Forward P/E ratio of 8.22. Bank of America currently has a Zacks Rank of #3 (Hold). The Zacks Consensus EPS estimate remained stagnant within the past month. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Our research shows that these estimate changes are directly correlated with near-term stock prices. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions help to show the ever-changing nature of near-term business trends. Investors should also note any recent changes to analyst estimates for Bank of America. Meanwhile, our latest consensus estimate is calling for revenue of $25.37 billion, up 9.21% from the prior-year quarter.įor the full year, our Zacks Consensus Estimates are projecting earnings of $3.38 per share and revenue of $100.97 billion, which would represent changes of +5.96% and +6.34%, respectively, from the prior year. This would mark year-over-year growth of 2.5%. In that report, analysts expect Bank of America to post earnings of $0.82 per share. Investors will be hoping for strength from Bank of America as it approaches its next earnings release, which is expected to be April 18, 2023. This has lagged the Finance sector's loss of 11.27% and the S&P 500's loss of 3.9% in that time. Prior to today's trading, shares of the nation's second-largest bank had lost 21.3% over the past month. At the same time, the Dow added 1.2%, and the tech-heavy Nasdaq lost 0.68%. This move lagged the S&P 500's daily gain of 0.89%. Bank of America (BAC) closed at $27.75 in the latest trading session, marking a -0.25% move from the prior day.
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