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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 (80)

9 days at current score.

Upgraded from Neutral on November 2nd 2018

View full report here!

Summary


  • This company ranked positively compared to the Financials sector despite only 2 positive IHS Markit Categories
  • Perception of the company's creditworthiness is positive
  • ETFs holding this stock are seeing positive inflows but are weakening
  • Bearish sentiment is low
  • Economic output for the sector is expanding but at a slower rate


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 | Negative

ETF activity is negative and may be weakening. The net inflows of $883 million over the last one-month into ETFs that hold BAC are among the lowest of the last year and appear to be slowing.

Economic sentiment

PMI by IHS Markit | Negative

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

Credit worthiness

Credit default swap | Positive

The current level displays a positive indicator. BAC credit default swap spreads are decreasing, indicating some improvement in the market's perception of the company's credit worthiness. Additionally, they are within the middle of the range set over the last three years.

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