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BAC Stock Summary and Trading Ideas (Bank Of America | NYSE:BAC)

Charts for Today's Stock Price and Implied Volatility in Bank Of America

27-Nov-2024

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30-Day Implied Volatility | IV30 Full Chart

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Bank Of America (BAC) Frequently Asked Questions

What does Bank Of America do?

Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.

What symbol and exchange does Bank Of America shares trade?

Bank Of America trades on the NYSE stock market under the symbol BAC.

What is Bank Of America stock price doing today?

As of November 27, 2024, BAC stock price climbed to $47.77 with 21,023,447 million shares trading.

What is Bank Of America's Beta?

BAC has a beta of 0.69, meaning it tends to be less sensitive to market movements. BAC has a correlation of 0.14 to the broad based SPY ETF.

How much is Bank Of America worth?

BAC has a market cap of $366.53 billion. This is considered a Mega Cap stock.

How much money does Bank Of America make?

Last quarter Bank Of America reported $25 billion in Revenue and $.81 earnings per share. This beat revenue expectation by $202 million and exceeded earnings estimates by $.04.

What is the highest and lowest price Bank Of America traded in the last 3 year period?

In the last 3 years, BAC traded as high as $50.11 and as low as $24.96.

What are the top ETFs holding Bank Of America?

The top ETF exchange traded funds that BAC belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

Is Bank Of America (BAC) a good investment?

BAC has outperformed the market in the last year with a price return of +64.0% while the SPY ETF gained +33.1%. BAC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +20.3% and +4.2%, respectively, while the SPY returned +7.1% and +0.3%, respectively.

What are the support and resistance levels for Bank Of America (BAC)?

BAC support price is $47.10 and resistance is $48.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BAC shares will trade within this expected range on the day.