Bank of America (BAC)

$33.01 0.98 (2.88%)

19:59 EST BAC Stock Quote Delayed 30 Minutes

Volume:

Previous Close -

Market Cap 334.70B

PE Ratio 19.08

EPS 1.73

Volume (Avg. Vol.) 57.68M

Day's Range 32.70 - 33.63

52-Week Range 17.95 - 35.45

Dividend & Yield 0.51 (1.54%)

BAC Stock Predictions, Articles, and Bank of America News

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7 Earnings Reports To Watch Next Week

By Vince Martin, InvestorPlace Contributor Jan 15, 2021

As earnings season continues, the top earnings reports to watch next week include Bank of America, Netflix, New Oriental Education and Intel.

9 Bank Stocks That Show No Love for the Cryptocurrency Rally

By Josh Enomoto, InvestorPlace Contributor Jan 15, 2021

Soaring valuations for cryptocurrency assets have sparked much enthusiasm, but these bank stocks will not be receiving much love from speculators.

The Top 10 Warren Buffett Stocks

By Neil George, Editor, Profitable Investing Jan 8, 2021

Want to invest like Warren Buffet? Check out this list of the top 10 Warren Buffet stocks you should be adding to your portfolio.

7 Growth Stocks First Off the Starting Line This New Year

By Larry Sullivan, InvestorPlace contributor Jan 4, 2021

Here are seven growth stocks to buy now that are poised to bring momentum and opportunity to investors during the new year.

3 Bank Stocks To Buy for the New Year

By Tyler Craig, Tales of a Technician Jan 4, 2021

The financial sector is powering higher and the price action is healthy. That said, here are the top three bank stocks to buy now.

7 Long-Term Stocks for Buffett-Like Investors

By Joel Baglole Dec 17, 2020

Warren Buffett is famous for his buy-and-hold style. In this article, we look at seven long-term stocks for Buffet-inspired investors.

Breakthrough Blockchain Technology Is Now Converting the Skeptics

By Matt McCall, Editor, MoneyWire Dec 9, 2020

People doubted bitcoin for years. Then Wall Street rushed to get in, and it made bitcoin’s price soar. This same exact process is about to play out again with blockchain.

7 Blue-Chip Stocks You Can Trust

By Tom Taulli, InvestorPlace Writer & IPO Playbook Editor Dec 8, 2020

With the markets reaching new highs, it might be time to get defensive, and that means considering these seven blue-chip stocks.

The 5 Best Stocks for Trading Options

By Faizan Farooque Dec 7, 2020

If you want to learn about a safer way to play the market, start with this list of the best stocks for trading options right now.

7 Cheap Stocks Ready for Big Gains in 2021

By Joel Baglole Nov 27, 2020

Not all stocks have exhausted their 2020 rally. These seven cheap stocks are likely to provide investors with healthy gains.

7 Cheap Stocks To Buy Today For Big Value Tomorrow

By Joel Baglole Nov 20, 2020

While many stocks are currently overvalued, there are still deals to be found. Here are seven stocks that remain cheap and provide value.

3 Warren Buffett Stocks You Want to Own

By Muslim Farooque Nov 3, 2020

If you're confused about where to park your capital, investors should look no further than the top Warren Buffett stocks to buy.

How the Big Banks’ Earnings Stack Up This Quarter

By Louis Navellier, Editor, Growth Investor Oct 19, 2020

Despite doom and gloom headlines, Louis Navellier expects most companies will leap over the low earnings bar that analysts have set. With that in mind, let’s take a look at some of the big financial companies that reported last week.

Why Bank of America Is a Value Play Worth Making

By Larry Sullivan, InvestorPlace contributor Oct 19, 2020

BAC stock is poised to grow once the U.S. economy improves and it offers a decent dividend to shareholders in the meantime.

Bank of America Earnings: BAC Stock Ticks 2% Lower on Q3 Revenue Miss

By William White, InvestorPlace Writer Oct 14, 2020

Bank of America (BAC) is seeing BAC stock fall on Wednesday after missing revenue estimates in its Q3 2020 earnings report.

Bank of America — A Sweet Place to Put Your Money

By Lou Carlozo, InvestorPlace Contributor Oct 13, 2020

Despite the financial impact of the novel coronavirus, BAC stock has survived shallow losses to mount a steady comeback.

Largest Bank Earnings Set to Show Path to Long Recovery

By Robert Lakin, InvestorPlace Contributor Oct 12, 2020

Quarterly earnings reports from the largest banks in the US are expected to make it clear that the country's economy is in for a long recovery.

Spice up Boring Bank of America With Covered Calls

By Tyler Craig, Tales of a Technician Oct 9, 2020

Bank of America has been a bore, but mix-in its juicy dividends and covered calls, and suddenly BAC stock is a cash cow.

7 Financial Stocks Set to Struggle In Our Low-Rate Environment

By Bret Kenwell, InvestorPlace Contributor Sep 29, 2020

If the banks are going down, these seven financial stocks are likely to suffer. A questionable economy and low interest rates aren't helping.

Bank of America Stock Isn’t for Short-Term Bulls

By Bret Kenwell, InvestorPlace Contributor Sep 29, 2020

Bank of America has a solid dividend and a low valuation. However, BAC stock lacks catalysts to drive it higher.

Dollar Shorts Mount Before Yellen Outlines Market-Based Policy

From Yahoo Finance Jan 18, 2021

(Bloomberg) -- The dollar’s downtrend may be set to resume.Hedge funds boosted net short positions in the greenback to the highest since April 2018 in the week through Jan. 12, according to data aggregated from the Commodity Futures Trading Commission. They also raised net bullish bets on the pound to the most since October while wagering on the euro and the Australian and New Zealand currencies to rise.The bets come as the world’s reserve currency enjoys a reprieve from a two-year slide after U.S. yields climbed to a 10-month high. A renewed bout of weakness in the dollar may amplify scrutiny of the incoming U.S. administration’s policy, with Treasury Secretary-designate Janet Yellen expected to declare that the authorities won’t seek a weaker currency to boost exports in her testimony on Tuesday.“The dollar is still likely to move lower over the course of the year,” Seamus Mac Gorain, head of global rates at JPMorgan Asset Management, said in an interview last week. “Many of the currencies which are more levered to global growth, particularly emerging market currencies” and the Aussie are set to strengthen, he said.The Bloomberg Dollar Spot Index has climbed over 1% since sliding to the lowest in almost three years this month. While the gains have fueled talk about a rebound, some including Goldman Sachs Group Inc. and investors in a Bank of America Corp. survey remain steadfast in forecasting a weaker greenback.“We continue to believe that the combination of high dollar valuations, low nominal and real rates, and a rapid recovery in the global economy will weigh on the greenback throughout 2021,” Goldman strategists including Danny Suwanapruti wrote in a Jan. 17 note.Yellen is expected to affirm the U.S.’s commitment to market-determined dollar value and give assurances that the U.S. won’t seek a weaker dollar for competitive trade advantage, the Wall Street Journal reported, citing President-elect Joe Biden transition officials familiar with her preparation for her confirmation hearing.The U.S. adopted a policy of favoring a “strong” dollar in 1995. While the mantra did evolve from one Treasury chief to another, no administration from then until the Trump years communicated, as the president did in 2017, that the dollar was “getting too strong.”“This is not the same as the strong-dollar policy of the past,” Khoon Goh, head of Asia research at Australia & New Zealand Banking Group Ltd., said of Yellen’s expected upcoming remarks. “A commitment to market-determined exchange rates implies that the new administration will be comfortable with further dollar weakness.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

(Bloomberg) -- Equity analysts just keep getting more bullish on Asian companies, especially in China, where the proportion of buy equivalent ratings in local stocks has now surpassed South Korea to the highest since 2011.About 86% of the more than 5,600 total stock recommendations in the benchmark CSI 300 Index are now a buy equivalent, according to data compiled by Bloomberg as of Jan. 14. That’s an increase of five percentage points from a year ago, and has seen China overtake long-time leader Korea as the major market that analysts are the most upbeat about in the Asia Pacific region, the data show.Analysts are growing increasingly sanguine as vaccine rollouts boost bets of a rebound in economies, especially export-focused ones like China and South Korea, as well as corporate earnings. Asia Pacific stocks have started 2021 on a roll after a solid finish to 2020 as investors look to a post-pandemic recovery. The relentless rally, however, is spurring concerns about speculative excess, with valuations rich across several sectors.“Within Asia -- and China in particular -- there is a strong retail investor and momentum bias to the market,” said Louise Dudley, a global equities portfolio manager at the international business of Federated Hermes. “For companies where there have been recent positive revisions, this seems to be sentiment driven, with little change to the fundamentals.”READ: Analysts Now Bullish on 70% of Equities in Asia: Taking StockWhile China is leading the pack, key indexes in South Korea, Hong Kong and India too have seen bullish ratings surge to at least three-quarters of overall recommendations.‘Overly Optimistic’China’s stock market, where historically sell ratings are rare, has seen its proportion of bullish ratings rise steadily from around 67% at the start of 2016, according to Bloomberg-compiled data going back to at least 2006. That’s raised questions over whether the market is starting to look stretched. The CSI 300 hit a 13-year high on Jan. 12 before pulling back.“I’m not too concerned that sentiment, judging from this one particular metric, is striking as overly optimistic,” said Raymond Cheng, head of Asia equity strategy with JPMorgan Private Bank in Hong Kong. “The big catalyst to watch is upcoming earnings by Chinese companies and whether those numbers live up to sell-side expectations, and continued containment of the outbreak.”Australia, JapanMeanwhile, two developed economies are trailing on this metric. Buy equivalents make up just over half of ratings in Japan’s Topix index and less than 50% of recommendations in Australia’s S&P/ASX 200, the data show.Both countries have struggled to control the spread of Covid-19 from time to time, with Japan most recently expanding its state of emergency. Australia also faces a deteriorating diplomatic row with China.Japan’s outlook is a bit mixed, said JPMorgan’s Cheng. Exceptional balance sheets and subdued valuations provide opportunities in areas like banks, but that’s offset by a strengthening yen that will constrain exports, he said. Still, he is relatively more positive on Japan than Australia.The Topix and S&P/ASX 200 have both lagged the MSCI Asia Pacific Index so far this year.According to Eleanor Creagh, Sydney-based strategist at Saxo Capital Markets, the year ahead should “bring plenty of opportunity for catch up” in Australia. “With a vaccine rollout ahead, earnings rebound in play and the prospect of regional travel bubbles in the pipeline, investors have something to look forward to,” Creagh said.READ: Australian Shares May Play Catch-Up to Peers on Miners, ConsumerThomas Poullaouec, head of multi-asset solutions Asia Pacific with T. Rowe Price, said investors should be careful not to draw too many conclusions on the market trend based on individual ratings.“What is more important is the trend of analyst earning revisions,” he said. “Over the last month, analysts have become more bullish on Australia and Japan than on China,” he said, citing an analysis by Bank of America. T. Rowe Price is overweight both Australian and Japanese stocks.(Adds strategist comment in the 12th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Will Bank Of America Beat Earnings Estimates Next Week?

From Talk Markets Jan 16, 2021

Bank of America is set to report before the open Tuesday, Jan. 19.

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Sell

Bank of America (BAC)

BAC Stock Predictions, Articles, and Bank of America News

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