Previous close | 7.00 |
Open | 7.00 |
Bid | 2.82 x 4000 |
Ask | 7.20 x 1000 |
Day's range | 7.11 - 7.30 |
52-week range | 4.22 - 9.11 |
Volume | |
Avg. volume | 3,506 |
Market cap | 1.37B |
Beta (5Y monthly) | -0.46 |
PE ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
On the face of it, Bank of America and Goldman Sachs annual shareholder meetings this week were uneventful—no blowout wins for long-shot proposals, no drawn-out battles with infamous activist funds. The two resolutions called on BofA and Goldman to implement policies to prevent the chief executive from also holding the title of board chair—both banks’ CEOs currently do—in the interest of sounder corporate governance and checks on power. While this has been a longstanding debate, what stands out is the increased support these proposals drew when shareholders’ votes were tallied on April 24.
Zacks.com users have recently been watching Bank of America (BAC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman's roles, in an effort to improve the companies' governance. With support from influential proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis, some investors are leaning towards supporting shareholder resolutions to split the roles, but getting wider support will be tough. "I would love for a company on the echelon of Goldman Sachs to separate those two roles so there's more oversight," said David Wagner, a portfolio manager at Aptus Capital Advisors, which owns Goldman shares.