Company Update (NYSE:BAC): Bank of America Corp Names Midge Campbell-Thomas Market President for Ventura-Santa Barbara


BACBank of America Corp (NYSE:BAC) announced that Midge Campbell-Thomas has been named market president, serving as the company’s enterprise leader in Ventura and Santa Barbara counties. Campbell-Thomas currently is the Enterprise Shared Services chief operating officer, where she oversees business operations, quality and controls along with exam and issues management for the bank. She began her 30-year financial services career as a bank teller.

As market president, based in Thousand Oaks, Campbell-Thomas will work across the region to connect Bank of America’s business lines to deliver integrated financial services to individuals, families and businesses. She will also lead Bank of America’s corporate social responsibility work in the market, which leverages the capabilities of the company to help partners, people, communities and a broad client and customer base more effectively address a wide range of issues.

“Midge combines deep knowledge of our company and capabilities with strong relationships in this market,” said Chief Executive Officer Brian Moynihan. “She leads a solid team in Ventura-Santa Barbara that is helping drive the local economy with all the connections we are able to make for our customers and clients.”

Campbell-Thomas joined Bank of America in 2011. She serves in several leadership roles within the bank’s employee networks, including Ventura Leadership, Education, Advocacy & Development (LEAD); Women in Technology & Operations (WIT&O); Lesbian, Gay, Bisexual and Transgender (LGBT) Pride and Allies Network; the Disability Advocacy Network (DAN); and Southern California Hispanic/Latino Organization for Leadership & Advancement (HOLA).

She is also active in the community, supporting such local charities as My Stuff Bags, For the Troops, and Many Mansions, and participating in the Santa Barbara Triathlon. (Original Source)

Shares of Bank of America are currently trading at $21.20, down $0.30 or -1.37%. BAC has a 1-year high of $21.94 and a 1-year low of $10.99. The stock’s 50-day moving average is $16.12 and its 200-day moving average is $14.71.

On the ratings front, BAC stock has been the subject of a number of recent research reports. In a report issued on November 29, Keefe analyst Brian Kleinhanzl upgraded BAC to Buy, with a price target of $23, which implies an upside of 7% from current levels. Separately, on November 16, Baird’s David George downgraded the stock to Hold and has a price target of $18.

According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Brian Kleinhanzl and David George have a yearly average return of 3.1% and 17.0% respectively. Kleinhanzl has a success rate of 50% and is ranked #1810 out of 4239 analysts, while George has a success rate of 78% and is ranked #307.

Sentiment on the street is mostly bullish on BAC. Out of 19 analysts who cover the stock, 12 suggest a Buy rating and 7 recommend to Hold the stock. The 12-month average price target assigned to the stock is $18.42, which implies a downside of 14% from current levels.