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Bank of America Corporation (BAC)

NYSE - NYSE Delayed Price. Currency in USD
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44.92-0.83 (-1.81%)
At close: 04:00PM EST
44.71 -0.21 (-0.47%)
After hours: 07:59PM EST
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  • W
    Wativic
    There is an opportunity for newbies to capitalize on, it's quite a shame people can't see this, trading is everything right now..
    Bullish
  • S
    Stephenie
    Bitcoin trading has made the life of so many people better and great and a lot of testimonies has been share and is the only one to help you out on it
    contact 👉George Parker on FB
  • A
    Alpha Investor
    BAC is probably one of the strongest stocks in the financial sector right now and is definitely poised to take advantage of higher interest rates. BAC will be trading at $50/share by the end of next week. It's just simple math.
  • F
    Fugaku
    Capitalism runs wild. The economic system that structurally produces inequality, during the pandemic it has actively favored those who are already extremely wealthy. In countries around the world, economic policies and political and social culture are perpetuating the wealth and power of a privileged few to the detriment of the majority of humanity and the planet. Left to chance it cannot self correct, and will only lead to either revolution and chaos or totally repressive and cruel authoritarianism.
  • B
    BIGMONEY
    This market cannot be predicted. It's up 60, and was down 200 20 minutes ago.
    This market is in confusion of rate hikes. Investors are told to run as rates go up, and the reality is rising rates won't hurt the market. As they sell, they see the market recover and jump right back in. It's the problem of an increasing presence of retail investors. It will flush out soon enough and head higher. I see the S&P500 well over 5000 at year end... and BAC at $60 if we get a full 1% rate hike in 2022.
  • H
    Highlowsel
    11/19/2022 - 06:43:00 - Bank of America 4Q EPS 82c, beats $0.76 Estimate
  • R
    Rimem
    There is an opportunity for newbies to capitalize on, it's quite a shame people can't see this, trading is everything right now..
    Bullish
  • b
    bobcat
    Advice to the young investors. Go out for a long walk this weekend. Don’t touch anything. Be patient. You will be retired soon enough. The most important thing is keep your body in shape so you’ll be able to walk through the streets of Europe. Travel through Japan. Stop staring at your computer screen everyday. That’s no way to live. . Slowly start moving everything over to the (S&P 500). Then you can relax. “Set it, and forget it”.
  • b
    bud
    Would Be Nice To See , $50.00 , Again , Great Earning's On WED. JAN. 19th . GLTA ,
  • S
    SoylenTrump
    When students at the Wharton School of Greed were asked what the average American worker earns per year over 25% guessed over six figures. One of the budding geniuses, obviously on track to be a CEO or a GOP Senator, thought the average American's yearly income is $800,000.
  • B
    BIGMONEY
    From Chairman and CEO Brian Moynihan:
    "Our fourth-quarter results were driven by strong organic
    growth, record levels of digital engagement, and an
    improving economy. We grew loans by $51 billion and added
    $100 billion of deposits during the quarter, further
    strengthening our position as the leader in retail deposits.
    “We earned a record $32 billion in 2021, with every business
    line solidly contributing. In Consumer, we added millions of
    new credit card accounts and nearly a million net new
    checking accounts as we continued to demonstrate the
    value we provide through our physical and digital
    capabilities. Wealth Management had record client flows and
    the strongest client acquisition numbers since before the
    pandemic. Investment Banking had its best year ever and
    Global Markets had its highest sales and trading revenue in a
    decade, led by record Equities performance as we invested
    in the business.
  • B
    BIGMONEY
    4 rate increases nets BAC $8 billion additional NII, for doing nothing at all. The work has already been done.
    8 increases, $16 billion extra. $100 SP in 2 years.
  • M
    Michael
    As a long time holder, a dividend hike would be nice.
    Bullish
  • L
    LearnToPlay
    BAC is like old retail and FinTech is like Amazon how did that work out
  • J
    Jeff
    Good management and good earnings, BAC is a buy.
  • D
    Daniel
    $SEV conversation
    Production line established with experienced SAAB manufacture NEVS. As the shorts continue to short... Production is coming along as planned.

    https://sonomotors.com/en/manufacturing

    $LCID $BAC $SOFI $C
    Bullish
  • L
    LG
    Share Buyback

    BAC indicated in their recent earning today, that they bought back $7.5 billion worth of stocks. Now the question is how come they do not report what is the actual outstanding and float?? From Yahoo Finance, these numbers are stagnant, no change for a long time (Shares Outstanding 8.18B and Float 8.16B). Anybody knows where to get the most recent numbers?? Thanks
    Bullish
  • H
    Highlowsel
    Yesterdays news - Analysts have been more bullish on earnings prospects for Goldman and JPM ahead of their Q4 results.While Goldman Sachs Group Inc. and JPMorgan Chase have turned in strong stock market performances in the past year, more gains could be on tap if the two megabanks provide any upside surprises in their coming profit reports.

    JPMorgan Chase (JPM), Citigroup Inc. (C) and Wells Fargo & Co. (WFC) will deliver fourth-quarter earnings reports on Friday. Bank of America Corp. (BAC) and Goldman Sachs (GS) report earnings on Jan. 18 and Morgan Stanley (MS) provides its fourth-quarter update on Jan. 19 .

    Among the group, JPMorgan Chase is expected to earn $3.01 a share on $29.81 billion in revenue, according to analysts surveyed by FactSet. Wells Fargo's targets are $1.11 a share in net income and $18.72 billion in revenue. Citigroup is expected to earn $1.43 a share on revenue of $16.85 billion .
    Bank of America is on tap to report earnings of 76 cents a share on revenue of $22.19 billion ; Goldman Sachs is expected to earn $11.80 a share on revenue of $12.02 billion and Morgan Stanley has an earnings target of $1.94 a share on revenue of $14.56 billion .

    Wall Street analysts have theorized that rising interest rates will allow banks to increase their net interest margins on loans. With this sentiment creating wind at their back, shares of bank stocks have rallied, as investors placed bets that the continuation of the current economic recovery will benefit the largest financial players in the space.

    Bank stocks may struggle to repeat gains of 2021 next year, but analysts see some grounds for optimism
    Goldman Sachs shares are up nearly 47% in the past 12 months; JPMorgan has gained 31%; Wells Fargo is ahead by about 75% during the same period and Morgan Stanley has risen about 48%, along with a jump of 48% in shares of Bank of America . Citigroup is up about 5.5% in the past year as the laggard in the group.
    By contrast, the Dow Jones Industrial Average is up nearly 17% and the S&P 500 has risen about 23% in the past 12 months.

    Given the gains in bank stocks, investors looking for more reasons to wade into the sector may have reason to cheer a rise in loan activity in the fourth quarter over the third quarter as reported by the U.S. Federal Reserve . Industrywide, commercial and industrial (C&I) loans grew 6.3% quarter-over-quarter through Dec. 22 , and total C&I-related loans also grew by 5.5% quarter-over-quarter. That's close to the highest quarterly growth in the same period, according to Fed data.

    "Banks should start 2022 on a good note because of a sharp surge in commercial and industrial (C&I) loan growth in late 4Q," JPMorgan analyst Vivek Juneja said in a note to clients on Jan. 6 . "We expect 4Q core results to be marked by a little better net interest income and strong investment banking, offsetting further normalization of trading and mortgage banking revenues and some further expense creep due to inflation and higher revenues."

    Juneja lifted his price target on Wells Fargo & Co. WFC, +2.44% to $57 a share from $53.50 and hiked Bank of America's price target to $52.50 from $50 . He cut his price target for Citigroup to $76 a share from $80.50 .

    Overall, analysts have been making more bullish calls on the big banks as they benefit from investment banking revenue and an expected jump in banker bonuses for 2021. Wall Street expects up to 40% increase in bonuses. UBS analyst Erika Najarian on Dec. 10 upgraded Bank of America to buy from neutral and increased the bank's price target to $64 a share from $37 a share.

    Najarian said she sees additional value in Bank of America because it's "poised to be the secular winner of the coming economic and rate cycle, similar to how JPMorgan dominated the post-Global Financial Crisis recovery by outperforming on profitability."

    Kenneth Leon , research director at CFRA Research , said the U.S. economy is likely to be key driver to bank performance in 2022, with the omicron variant creating near-term uncertainty.

    Fed interest rate hikes expected in 2022 will lead to wider spreads and net interest margins, and higher net interest income, he said. He rates Goldman Sachs as a strong buy and keeps buy ratings on Wells Fargo , Morgan Stanley and Bank of America ; with sell ratings on Citigroup and JPMorgan Chase.
    "We believe most diversified banks remain undervalued," Leon said.
  • E
    Erik
    My opinion, earnings will miss this time around like JPM and Goldman. Not taking any chances. Even if BAC posts good earnings, history tells us it will sell on the news anyway. Going to sit back and watch this one.
  • o
    osulinnn
    BAC has been keeping its promises since financial crisis.... It has been delivering..

    I see $66 year end.
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