24-Apr-2024
BlackRock Activates Retirement Solution Offering A Paycheck For Life
Business Wire (Wed, 24-Apr 11:00 AM ET)
CFTC said to be probing big banks' confidential agreements in swaps, clearing businesses
Seeking Alpha News (Tue, 23-Apr 2:14 PM ET)
Visa, Mastercard earnings expected to rise in seasonally weakest volume quarter
Seeking Alpha News (Mon, 22-Apr 2:32 PM ET)
BAC Bullish Calendar Call Spread Appears to be a Good Buy at 20 Cents
Market Chameleon (Mon, 22-Apr 1:53 PM ET)
Grants to Preserve Historic Art Awarded in 11 Countries by BofA
PRNewswire (Wed, 17-Apr 6:00 PM ET)
PRNewswire (Wed, 17-Apr 4:15 PM ET)
Bank of America Reports First-Quarter 2024 Financial Results
PRNewswire (Tue, 16-Apr 6:45 AM ET)
PRNewswire (Fri, 12-Apr 4:15 PM ET)
BAC Bearish Calendar Put Spread Appears to be a Steal at 15 Cents
Market Chameleon (Thu, 11-Apr 10:29 AM ET)
Bank of America to Report First-Quarter 2024 Financial Results on April 16
PRNewswire (Tue, 9-Apr 9:00 AM ET)
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.
Bank Of America trades on the NYSE stock market under the symbol BAC.
As of April 24, 2024, BAC stock price declined to $38.32 with 25,821,183 million shares trading.
BAC has a beta of 1.26, meaning it tends to be more sensitive to market movements. BAC has a correlation of 0.30 to the broad based SPY ETF.
BAC has a market cap of $301.46 billion. This is considered a Mega Cap stock.
Last quarter Bank Of America reported $26 billion in Revenue and $.83 earnings per share. This beat revenue expectation by $527 million and exceeded earnings estimates by $.06.
In the last 3 years, BAC stock traded as high as $50.11 and as low as $24.96.
The top ETF exchange traded funds that BAC belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
BAC has outperformed the market in the last year with a price return of +31.9% while the SPY ETF gained +24.1%. BAC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +16.9% and +4.6%, respectively, while the SPY returned +4.5% and -1.7%, respectively.
BAC support price is $37.82 and resistance is $38.92 (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 stock will trade within this expected range on the day.