Bank of America (BAC)
$23.72 0.52 (2.15%)
20:00 EDT BAC Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 240.51B
PE Ratio 13.71
Volume (Avg. Vol.) 51.38M
Day's Range 23.69 - 24.32
52-Week Range 17.95 - 35.72
Dividend & Yield 0.51 (2.15%)
BAC Stock Predictions, Articles, and Bank of America News
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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.
Bank of America (BAC) is seeing BAC stock fall on Wednesday after missing revenue estimates in its Q3 2020 earnings report.
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.
Bank of America has been a bore, but mix-in its juicy dividends and covered calls, and suddenly BAC stock is a cash cow.
If the banks are going down, these seven financial stocks are likely to suffer. A questionable economy and low interest rates aren't helping.
Investors looking for stocks to buy following third-quarter earnings season have some compelling ideas to consider. These names top the list.
Rising gold prices are usually a strong indicator to avoid banking investments like BAC stock. Now, money velocity is giving you another reason to run, not walk, away.
Barron’s suggested that bank stocks such as Bank of America are good buys right now. Is BAC stock the best play from the KBW Bank Index?
Bank of America (NYSE:BAC) is also dealing with some bearish news that may keep it in a consolidation range, and we want to take advantage by selling a covered call.
Although President Donald Trump has been good to the market, it is time for a new leader. Here are five election stocks to buy for Biden.
BAC stock can provide the ballast in a balanced portfolio, a steady dividend investment play that's still cheap at about 13 times earnings.
September may be too soon to get back into BAC stock, but a sector rotation could set stage for a move in.
Tesla, the Dow ETF, JPMorgan, Bank of America and Smith & Wesson were our top stock trades from Friday. That said, let's look at the charts.
The legendary Warren Buffett's track record isn't perfect, but he's done extremely well. Thus, his BAC stock purchases are worth watching.
Jim Cramer says these 7 'thesis' stocks, including Peloton and Netflix, will go higher until coronavirus is controlled
BANK OF AMERICA: Buy these 9 e-commerce stocks that are primed to gain the most from the global shift to online shopping
Automotive Financing Market to See Huge Growth by 2025 : Ally Financial, Daimler AG, Ford Motor Credit
Credit Payment Card Market May Set New Growth Story: Citibank, American Express, Visa, Bank of America, Credit One
From Yahoo Finance
(Bloomberg) -- This month’s emerging-market rally is showing signs of faltering as investors refrain from placing big bets in the final two weeks of the U.S. election campaign.Even as Democrat Joe Biden has widened his lead over President Donald Trump in recent polls, a Bank of America Corp. survey showed global fund managers expect the outcome to be contested and are ready for extreme market turbulence. While growing odds that Democrats will take control of the White House and the Senate have boosted wagers for a weaker dollar and gains in developing-nation assets, this “comfortable consensus” in the market could unravel if the polls prove to be wrong, according to Fidelity International.“We expect markets to remain choppy into the U.S. election, with liquidity likely to get thinner every day as we approach 3rd November,” said Paul Greer, a money manager in London at Fidelity International, which oversees about $566 billion. “Popular pre-election positions will likely get squeezed and conviction tested.”“Our mindset is to wait for the event to play out and trade the price action afterwards,” Greer said.While all eyes will be on the final presidential debate between Trump and Biden on Thursday, a spate of country-specific events this week will also divert investors from their obsession with the U.S. election. Turkey is set to hike its policy rate again after surprising markets with an increase in September. While the majority of economists expect Russia’s central bank to leave its key rate unchanged on Friday, Bloomberg Economics says there is potential for a surprise cut.On the data front, China’s third-quarter gross domestic product numbers showed that its economic recovery gathered pace, despite disappointment relative to consensus. Elsewhere, Zambia needs to convince reluctant bondholders to accept an interest-payment holiday before a key vote on Tuesday while it works out a debt-restructuring strategy.Gauges of developing-nation stocks, currencies and bonds were little changed in the five days through Friday following their two-week rally as delays to a U.S. fiscal stimulus package and setbacks in Covid-19 vaccine trials reduced risk appetite.Listen: EM Weekly Podcast: China Data; Stimulus Watch; Turkish RatesRate DecisionsTurkey is seen raising its policy rate to 11.75% on Thursday, according to economists’ median forecastThe Turkish central bank has continued to lift interest rates by stealth, forcing lenders to borrow at higher rates. The average cost of funding from the central bank has risen to 12%, effectively unwinding all of this year’s rate cuts. At 10.25%, the repo rate now lags the average cost of funding from the central bank, making another hike more likely, according to Bloomberg EconomicsThe lira has trailed all of its peers this month even after the central bank unexpectedly hiked its one-week repo rate by 200 basis points in SeptemberWhile a slide in the ruble is likely to keep the Bank of Russia on hold on Friday, there is potential for one more quarter-point reduction given the resurgence in the virus and evidence of soft underlying price pressure, according to Bloomberg EconomicsHungary’s central bank will probably keep rates unchanged at its monthly policy meeting on Tuesday, despite the forint’s slump. Inflation has slowed toward the authority’s target, expanding room to maintain loose financing conditionsUkraine will announce its key policy rate on Thursday amid rising uncertainty over its independence, cooperation with the International Monetary Fund and a virus spikeIsrael, Sri Lanka, Mozambique, Namibia and Uganda will also decide on monetary policy this weekChina’s RecoveryGross domestic product climbed 4.9% in the third quarter from a year ago, according to data released in Beijing Monday. That’s lower than economists forecast, but faster than the 3.2% expansion seen in the second quarterMarket disappointment was offset by significant beats for September industrial production and retail salesChina is expected to keep its prime rates unchanged Tuesday after it injected more liquidity into the system last week through a medium-term lending facility auctionThe yuan’s long run of appreciation stalled after the central bank liberalized rules on buying currency forwards and traders became concerned the authorities had encouraged a slide in the spot rate before the 4:30 p.m. close Monday last week. However, a strong close on Friday and an in-line fixing today were reassuring for bullsZambia ShowdownThe southern African nation has a 30-day grace period to make the interest payment it missed last week before a default event occurs, which would allow bondholders to demand immediate repayment of the principalThe government has called on private creditors to agree to a deferral of payments at an Oct. 20 meeting, but a group that holds about 40% of Zambia’s $3 billion in outstanding Eurobonds has already said it won’t support the proposalData and EventsThailand’s new central bank Governor Sethaput Suthiwart-Narueput is due to attend his first media briefing on TuesdayInvestors will be alert to comments from the new governor about quantitative easing, his assessment of the effective lower bound for policy rates, and the threat posed by a strengthening bahtPolitical developments may stay in focus following an escalation in protests and the imposition of a state of emergencyThailand will release trade data on ThursdayThe baht was the second-worst performing currency in Asia last week with political concerns contributing to its underperformanceTaiwan’s September export orders should show a continued recovery when they are released on TuesdayIndustrial-production figures for the same month, to be published Friday, are also forecast to confirm the upward trendThe Taiwan dollar maintained its pattern of weakening toward the close of trading, fueling speculations the central bank is seeking to slow its appreciationSouth Korea will release 20-day export data for October on Wednesday. Fewer working days in the period compared with a year earlier are likely to cause the headline number to contract, concealing a relatively healthy underlying trendThe won was the strongest Asian currency last weekMalaysia’s CPI numbers, due on Wednesday, are expected to show prices fell for a seventh month in SeptemberThe nation 10-year bond yields fell seven basis points last week as it continued to attract foreign inflowsMoody’s is set to review Romania’s credit score on Friday, the first of three assessments from the major rating firms that all keep the nation at the lowest investment-grade score with a negative outlookU.S. Treasury Secretary Steven Mnuchin is visiting the Middle East this week, his first trip since the pandemic, with plans to travel to Israel, Bahrain and the United Arab EmiratesInvestors will monitor Mexican unemployment figures for September, to be posted on Wednesday, for signs of how the economy is faring amid the pandemicInflation data for the first half of October will probably flag a peak, supporting expectations for a slowdown in the fourth quarter and in 2021, according to Bloomberg EconomicsAugust retail sales, to be released on Friday, may also offer signs of how the pandemic is affecting consumer habitsArgentina’s economic activity data, scheduled for Thursday, may show signs of a slow pickup in August as industrial production increased, according to an forecast by Bloomberg EconomicsFurther announcements by the central bank or economic team on the currency or rates will also drive sentimentArgentina will change course on capital controls for the parallel foreign exchange rate, Economy Minister Martin Guzman said, without being more specific.Colombian economic activity data for August, expected on Thursday, will probably slip from a month earlier as the pandemic lingersBrazil’s mid-October inflation reading, scheduled for Friday, may show another uptick due to a surge in food prices, according to Bloomberg Economics. Investors will also watch September’s current account balance figures, to be released on FridayIn Chile, focus will be on an Oct. 25 referendum on whether and how to rewrite the constitutionCiti recommends waiting until after the referendum to bet on the nation’s equitiesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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