Stoxline.com

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Bank of America Corporation (BAC)

30.2   -0.46 (-1.5%) 10-02 21:16
Open: 30.76 Pre. Close: 30.66
High: 31.19 Low: 30.165
Volume: 39,815,008 Market Cap: 242,664(M)
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.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 31.25 - 31.43 31.43 - 31.62
Low: 29.67 - 29.87 29.87 - 30.08
Close: 29.83 - 30.17 30.17 - 30.54

Technical analysis

as of: 2022-09-30 4:26:25 PM
Overall:       
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 39.17     One year: 41.61
Support: Support1: 30.16    Support2: 25.09
Resistance: Resistance1: 33.54    Resistance2: 35.63
Pivot: 32.76
Moving Average: MA(5): 30.7     MA(20): 33.05
MA(100): 33.7     MA(250): 39.87
MACD: MACD(12,26): -1     Signal(9): -0.6
Stochastic oscillator: %K(14,3): 7.7     %D(3): 8.6
RSI: RSI(14): 30.5
52-week: High: 50.11  Low: 29.67
Average Vol(K): 3-Month: 38,567 (K)  10-Days: 40,167 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
[ BAC ] has closed above bottom band by 11.9%. Bollinger Bands are 67.9% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 3 days. This is a sign that the current trend might continue.

Headline News

Sun, 02 Oct 2022
Spring Bay man convicted in fatal UTV crash when he had .209 BAC - Peoria Journal Star

Sat, 01 Oct 2022
Short Interest in Bank of America Co. (NYSE:BAC) Rises By 21.5% - MarketBeat

Fri, 30 Sep 2022
Whiskey Del Bac recognized as the 'Best Whiskey in Arizona' by UPROXX - Tucson Foodie

Thu, 29 Sep 2022
Is Bank of America Corp (BAC) Stock Over or Undervalued? - InvestorsObserver

Tue, 27 Sep 2022
Elliott Wave View: Bank of America (BAC) rally should fail for more downside [Video] - FXStreet

Mon, 26 Sep 2022
BAC: Crypto is Still Risk Asset, Except Stablecoins - BanklessTimes

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.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Financial Services
Industry:  Banks—Diversified
Shares Out. 8,040 (M)
Shares Float 8,010 (M)
% Held by Insiders 0.1 (%)
% Held by Institutions 70.6 (%)
Shares Short 69,620 (K)
Shares Short P.Month 71,090 (K)

Stock Financials

EPS 3.2
EPS Est Next Qtl 0.46
EPS Est This Year 1.82
EPS Est Next Year 2.17
Book Value (p.s.) 29.87
Profit Margin (%) 30.6
Operating Margin (%) 34.5
Return on Assets (ttm) 0.9
Return on Equity (ttm) 10.2
Qtrly Rev. Growth -4
Gross Profit (p.s.) 11.65
Sales Per Share 11.35
EBITDA (p.s.) 0
Qtrly Earnings Growth -29.3
Operating Cash Flow 3,970 (M)
Levered Free Cash Flow 0 (M)

Stock Valuations

PE Ratio 9.43
PEG Ratio 1.5
Price to Book value 1.01
Price to Sales 2.65
Price to Cash Flow 61.16

Stock Dividends

Dividend 0.21
Forward Dividend 0
Dividend Yield 0.7%
Dividend Pay Date 2021-12-30
Ex-Dividend Date 2021-12-01
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