Bank of America Corporation (BAC) |
29.195 -0.035 (-0.12%)
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06-09 13:41 |
Open: |
29.2 |
Pre. Close: |
29.23 |
High:
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29.4 |
Low:
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29.08 |
Volume:
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17,783,455 |
Market Cap:
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232,659(M) |
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Technical analysis |
as of: 2023-06-09 1:13:30 PM |
Short-term rate:
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Stoxline posted a NEUTRAL today, downgraded from higher rating. Current trend continues, but could change at anytime. It is not a good time to buy or sell. |
Mid-term rate:
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Target: |
Six months: 34.63 One year: 40.44 |
Support: |
Support1: 27.93 Support2: 26.87  |
Resistance: |
Resistance1: 29.64 Resistance2: 34.63 |
Pivot: |
28.52  |
Moving Average: |
MA(5): 29.13 MA(20): 28.34 
MA(100): 30.71 MA(250): 32.56  |
MACD: |
MACD(12,26): 0.1 Signal(9): 0  |
Stochastic oscillator: |
%K(14,3): 85 %D(3): 86.3  |
RSI: |
RSI(14): 57.5  |
52-week: |
High: 38.59 Low: 26.31 |
Average Vol(K): |
3-Month: 56,758 (K) 10-Days: 45,430 (K) |
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Price, moving averages and Bollinger Bands |
Price has closed above its short-term moving average. Short-term moving average is currently above mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BULLISH in short-term; and NEUTRAL in mid-long term.[ BAC ] has closed below upper band by 17.5%. Bollinger Bands are 39.7% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices. |
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Stock Price Prediction |
Update at 5:00pm EST |
If tomorrow:
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Open lower
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Open higher
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High:
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29.41 - 29.56 |
29.56 - 29.69 |
Low:
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28.62 - 28.8 |
28.8 - 28.95 |
Close:
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28.94 - 29.24 |
29.24 - 29.5 |
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Company Description |
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. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit 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 company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina. |
Headline News |
Fri, 09 Jun 2023 US minority-owned banks withstand industry turmoil, executives say - Reuters
Fri, 09 Jun 2023 Peter Lynch Detailed Fundamental Analysis - BAC - Nasdaq
Thu, 08 Jun 2023 Top Stock Reports for Procter & Gamble, Bank of America & Abbott Laboratories - Yahoo Finance
Thu, 08 Jun 2023 Exclusive: Bank of America promotes Bettamio to co-head of ... - Reuters
Thu, 08 Jun 2023 2023-06-08 | NYSE:BAC | Press Release | BANK OF AMERICA ... - Stockhouse Publishing
Wed, 07 Jun 2023 After losing 17% in the past year, Bank of America Corporation (NYSE:BAC) institutional owners must be relieved by the recent gain - Yahoo Finance
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Financial Analysis |
Price to Book Value: |
Outperform |
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly. |
Price to Earnings: |
Outperform |
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS). |
Discounted cash flow: |
Outperform |
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows. |
Return on Assets: |
Neutral |
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit. |
Return on Equity: |
Neutral |
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency. |
Debt to Equity: |
Outperform |
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn. |
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Free Technical Analysis Charts
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Stock Basics & Statistics |
Exchange: NYSE |
Sector: Financial Services |
Industry: Banks—Diversified |
Shares Out. |
7,970 (M) |
Shares Float |
7,940 (M) |
% Held by Insiders
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0.1 (%) |
% Held by Institutions
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71.6 (%) |
Shares Short
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82,470 (K) |
Shares Short P.Month
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92,570 (K) |
Stock Financials |
EPS
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3.44 |
EPS Est Next Qtl
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0 |
EPS Est This Year
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0 |
EPS Est Next Year
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0 |
Book Value (p.s.)
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31.57 |
Profit Margin (%)
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30.2 |
Operating Margin (%)
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34 |
Return on Assets (ttm)
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0.8 |
Return on Equity (ttm)
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10.4 |
Qtrly Rev. Growth
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9.1 |
Gross Profit (p.s.)
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11.59 |
Sales Per Share
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11.86 |
EBITDA (p.s.)
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0 |
Qtrly Earnings Growth
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17.5 |
Operating Cash Flow
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27,800 (M) |
Levered Free Cash Flow
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0 (M) |
Stock Valuations |
PE Ratio
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8.48 |
PEG Ratio
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2.4 |
Price to Book value
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0.92 |
Price to Sales
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2.46 |
Price to Cash Flow
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8.37 |
Stock Dividends |
Dividend
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0.21 |
Forward Dividend
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0 |
Dividend Yield
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0.7% |
Dividend Pay Date
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Invalid DateTime. |
Ex-Dividend Date
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Invalid DateTime. |
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