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See what the IHS Markit Score report has to say about Bank of America Corp.

IHS Markit

Bank of America Corp

NYSE:BAC

Score: Positive (67)

1 day at current score.

Upgraded from Neutral on September 13th 2018

View full report here!

Summary


  • This company ranked positively in 3 out of 4 IHS Markit Categories and also compared to the Financials sector
  • Perception of the company's creditworthiness is neutral
  • ETFs holding this stock are seeing positive inflows
  • Bearish sentiment is low
  • Economic output in this company's sector is expanding


Bearish sentiment

Short interest | Positive

Short interest is extremely low for BAC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BAC.

Money flow

ETF/Index ownership | Positive

ETF activity is positive. Over the last month, ETFs holding BAC are favorable, with net inflows of $8.31 billion. Additionally, the rate of inflows is increasing.

Economic sentiment

PMI by IHS Markit | Positive

According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year.

Credit worthiness

Credit default swap | Neutral

The current level displays a neutral indicator. BAC credit default swap spreads are within the middle of their range for the last three years.

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This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.