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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 (98)

46 days at current score.

Upgraded from Neutral on December 4th 2017

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
  • 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 | Neutral

ETF activity is neutral. The net inflows of $11.80 billion over the last one-month into ETFs that hold BAC are among the highest of the last year, but the rate of growth is 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 near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.

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