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Bank of America Corp (BAC)

39.8   -1.82 (-4.37%) 06-18 07:17
Open: 42.02 Pre. Close: 41.62
High: 42.07 Low: 39.72
Volume: 80,541,382 Market Cap: 341,059M
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small- and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets segments. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions, as well as customized solutions, including specialty asset management services. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, fixed-income, and mortgage-related products. As of May 7, 2020, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 16,900 ATMs; and digital banking platforms with approximately 39 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 42.119 - 42.341 42.341 - 42.53
Low: 39.212 - 39.455 39.455 - 39.662
Close: 39.403 - 39.813 39.813 - 40.162

Technical analysis

as of: 2021-06-17 4:42:18 PM
Overall:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 49.11     One year: 50.80
Support: Support1: 39.72    Support2: 33.05
Resistance: Resistance1: 42.05    Resistance2: 43.49
Pivot: 42.22
Moving Average: MA(5): 41.21     MA(20): 42.22
MA(100): 38.38     MA(250): 31.20
MACD: MACD(12,26): -0.06     Signal(9): 0.30
Stochastic oscillator: %K(14,3): 18.24     %D(3): 18.74
RSI: RSI(14): 32.90
52-week: High: 43.49  Low: 22.39  Change(%): 57.6
Average Vol(K): 3-Month: 4520087  10-Days: 4388004

Price, moving averages and Bollinger Bands

Price and moving averages has closed below its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is NEUTRAL in short-term; and BULLISH in mid-long term.
BAC has closed below the lower band by 16.1%. If price is in a downtrend band; this downward trend in price might continue. However a short term pullback inside the band is likely. Bollinger Bands are 4% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

Thu, 17 Jun 2021
Bank Of America Corp. - FR PRF PERPETUAL USD 25 - Ser E (BAC-E) falls -0.0980% for June 17 - Equities.com

Thu, 17 Jun 2021
Bank Of America Corp. (BAC) falls -4.3730% for June 17 - Equities.com

Thu, 17 Jun 2021
Bank of America adds retail branches in Kentucky - Charlotte Business Journal - Charlotte Business Journal

Thu, 17 Jun 2021
February 2022 Options Now Available For Bank of America (BAC) - Nasdaq

Thu, 17 Jun 2021
Bank of America Says All Vaccinated Staff to Return to Office in September - Bloomberg

Wed, 16 Jun 2021
Bank of America Corp (BAC) Stock Falls -1.54% This Week: Is It a Good Pick? - InvestorsObserver

Financial Analysis

Growth
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
Price to Book Value: Outperform Discounted cash flow: Outperform
Return on Assets: Neutral Price to Earnings: Outperform
Return on Equity: Neutral Debt to Equity: Outperform
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Financial Services
Industry:  Banks—Diversified
Shares Out. (M) 8,570
Shares Float (M) 8,540
% Held by Insiders 0.12
% Held by Institutions 73.41
Shares Short (K) 90,250
Shares Short P. Month (K) 83,480

Stock Financials

EPS 2.330
EPS Est This Year 1.820
EPS Est Next Year 2.170
Book Value (p.s.) 29.070
Profit Margin 27.12
Operating Margin 29.21
Return on Assets (ttm) 0.8
Return on Equity (ttm) 8.1
Qtrly Rev. Growth 37.1
Gross Profit (p.s.) 8.659
Sales Per Share 9.438
EBITDA (p.s.)
Qtrly Earnings Growth 100.70
Operating Cash Flow (M) -33,380
Levered Free Cash Flow (M)

Stock Valuations

PE Ratio 17.08
PEG Ratio
Price to Book value 1.37
Price to Sales 4.22
Price to Cash Flow -10.22

Stock Dividends

Dividend 0.720
Forward Dividend 0.720
Dividend Yield 0.02
Dividend Pay Date 2021-06-24
Ex-Dividend Date 2021-06-02
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