BAC - Bank of America Corporation

NYSE - NYSE Delayed Price. Currency in USD
29.09
-0.21 (-0.72%)
At close: 4:00PM EST

29.16 +0.07 (0.24%)
Pre-Market: 7:22AM EST

Stock chart is not supported by your current browser
Previous Close29.30
Open28.98
Bid29.13 x 1000
Ask29.16 x 4000
Day's Range28.89 - 29.30
52 Week Range22.66 - 33.05
Volume84,861,427
Avg. Volume75,834,229
Market Cap281.28B
Beta (3Y Monthly)1.65
PE Ratio (TTM)13.88
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.60 (2.07%)
Ex-Dividend Date2018-12-06
1y Target EstN/A
Trade prices are not sourced from all markets
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  • Markit4 days ago

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

    # Bank of America Corp ### NYSE:BAC View full report here! ## Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low ## 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 $1.60 billion 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 | Neutral 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. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. Although BAC credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. 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.

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  • InvestorPlace5 days ago

    Wells Fargo Stock Simply Isn’t Worth Buying Right Now

    The best business isn't always the best stock. And even Wells Fargo (NYSE:WFC) bulls would admit that WFC isn't the best business among big banks. The company is still dealing with the aftereffects of a series of scandals that have led Wells Fargo stock to underperform the sector. But that's not necessarily a bad thing. Stocks are valued looking forward, and a business that has struggled -- or that has room to rebound -- can have more opportunity for growth than a company firing on all cylinders. It may seem counterintuitive, but there's a reason investors -- particularly in a bull market -- like turnaround stories. The problem when it comes to WFC stock, however, is that at least some degree of turnaround is priced in. Wells Fargo stock is actually more expensive than many peers. With those peers performing better -- as big bank earnings reports last week proved -- there's no real reason to pay a premium for WFC stock. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### WFC Stock Gains After Earnings Admittedly, Wells Fargo has had a nice run of late, bouncing 14% off December lows. And the company's Q4 earnings report on Tuesday, while hardly spectacular, appears to be enough to keep the run intact. Relative to consensus, GAAP earnings-per-share beat by a penny, but revenue missed by a reasonably wide margin (about $770 million). WFC stock initially declined after the report, before closing up modestly on Tuesday and then rising in the following two sessions. * 10 Growth Stocks With the Future Written All Over Them But looking closer, this hardly looks like a strong report. Revenue declined almost 5% year-over-year. Average loans in billions were down. Average deposits declined over 3% YOY. Consolidated net income did increase YOY, but thanks solely to a lower effective tax rate. This simply isn't a business that is growing right now, which isn't necessarily a surprise. I argued a year ago that the company's ever-widening scandals meant other bank stocks were much better choices. The weakness YOY in loans and deposits only highlights that problem. Meanwhile, other big banks are doing much better. Bank of America (NYSE:BAC), even with a clear focus on managing risk, increased adjusted revenue 6% in its Q4; adjusted pre-tax income rose 22%. BAC stock soared on the news. JPMorgan Chase (NYSE:JPM) saw its top line grow 4%; loan balances increased across the board. In this economy, Wells Fargo earnings aren't good enough … or close. And that problem isn't going away. ### The Asset Cap Continues The current issue for Wells Fargo is that the Federal Reserve has capped the growth of the company's balance sheet. In that context, the weak loan and deposit growth isn't necessarily a surprise. But the problem is that the cap is going to last longer than expected. Wells Fargo management said on the Q4 conference call that the cap would last throughout 2019, despite past hopes that the company could get out from under sooner than that. That suggests the weak growth seen in Q4, and 2018 on the whole, is going to continue for at least four more quarters. There's another issue as well. At what point does Wells Fargo actually keep a promise? Shareholders went through an endless litany of scandals and missteps; after each one, management insisted there were no more skeletons in the closet. Now, it's taking longer to fix those problems than previously thought. When, exactly, are investors supposed to trust management? * 7 Companies Apple Should Consider Buying ### Stay Away from Wells Fargo Stock These issues might be more acceptable if WFC stock was cheap. The problem is that it isn't. WFC trades at 1.34x book value. BAC is at 1.21x. Goldman Sachs (NYSE:GS), which I recommended earlier this week, trades at barely 1x, even after GS stock soared following a blowout Q4. Citigroup (NYSE:C), another turnaround play, trades at a discount to its book value. The premium that WFC stock receives in terms of both P/B and in some cases price-to-earnings requires that the company make improvements. Yet shareholders have been waiting for years, and they are still waiting. At a certain point, it's simply time to move on. After Q4 earnings, and with Wells Fargo stock off the lows, that time appears to be now. As of this writing, Vince Martin has no positions in any securities mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post Wells Fargo Stock Simply Isn't Worth Buying Right Now appeared first on InvestorPlace.

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    A tepid start for stocks yesterday didn't last. Hope for an end to the trade stalemate with China led the S&P 500 to a close of 2,635.96, up 0.76% on a move that dragged most indices above key technical resistance. Bank of America (NYSE:BAC) led the charge again, gaining another 1.9% and setting a pace for most other banking and financial stocks. Advanced Micro Devices (NASDAQ:AMD) actually posted the bigger gain though, gaining 2.6%, yet also for no other reason than a potential end to the tariff-driven conflict. A handful of stocks were left out of the rally, however. Morgan Stanley (NYSE:MS), for instance, fell 4.5% after posting surprisingly poor results for its recently-ended quarter. InvestorPlace - Stock Market News, Stock Advice & Trading Tips As has been noted already, the divergence among stocks is actually beneficial, as it makes clear that not every stock is subject to the greater market tide. Stock-specific setups are at least a bit more trustworthy. To that end, take a look at the stock charts of Nike (NYSE:NKE), General Electric (NYSE:GE) and Wynn Resorts (NASDAQ:WYNN), all three of which are dropping hints of brewing, trade-worthy moves. ### General Electric (GE) Last week, General Electric was discussed as a budding rebound candidate that had bumped into a short-term ceiling. Though it was a hurdle that could have been challenging to clear, the undertow was encouraging. * 7 Stocks to Buy as the Dollar Weakens That resistance remained intact for the next several days. As of Thursday, though, the bears flinched and the bulls tipped the scales just enough to merit another look. Click to Enlarge • The ceiling in question is right around $9, plotted with a white dashed line. That line kept the buyers at bay for the better part of a week, but could no longer do so. Thursday's high and close were both above that mark. • The shape of the turnaround is also compelling. Smooth, u-shaped turnarounds tend to result in longer-lived rallies than sharp V-shaped ones do. • Although the buyers are back in charge, there aren't a whole lot of them. The buying volume needs to improve, though it likely will as (or if) GE works its way through the 100-day and 200-day moving average lines. It's going to be more of a process than an event though. ### Wynn Resorts (WYNN) With nothing more than a quick glance at the daily chart of Wynn Resorts it might look like the stock is merely chopping sideways after last year's meltdown. When taking a step back and looking at the bigger picture though -- and examining the weekly chart up close -- it becomes clear there's more underway than just some sideways consolidation. The bulls are testing the waters for a reversal, having broken through some well-established resistance lines. Click to Enlarge • The big resistance line that no longer matters is the one that tags all the major highs between June and October. Plotted with a yellow dashed line, that barrier was broken in late November. The bears took another shot in December, but couldn't keep it down. • The next major ceiling is the gray 100-day moving average line, currently at $115.43. The buyers have demonstrated a bit of hesitation at it nears, but if it's cleared, there's little left to hold WYNN down. • Beyond the 100-day moving average line, the next most plausible ceilings are the Fibonacci retracement lines at $132.80 and $160.40. The white 200-day moving average line around $145 is also a possible stopping point. ### Nike (NKE) A week ago, we pointed out how Nike shares had been habitually unable to hurdle a key moving average line. Though the third bump into this ceiling had not yet started another downtrend, until it was cleared, NKE was tough to justify buying. It has been cleared since then. In fact, another major technical ceiling was cleared as of Thursday. It's not a perfectly proven or clean break yet, but it's close enough to refresh our look. Click to Enlarge • The technical ceiling in question a week ago was the gray 100-day moving average lines. Failed tests of that level as a ceiling are highlighted in blue. Nike broke above it on Tuesday. • Perhaps just as important, Nike's surge on Thursday has carried the stock above the recent technical ceiling around $78.80, plotted with a yellow dashed line. • Though a solid thrust, the volume behind the effort has been thin. More buyers need to step up, but before they do they may want to see NKE slide back below $78.80, regroup, and march higher again. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Growth Stocks With the Future Written All Over Them * 7 Reasons Why Buffett's Bet on Apple Stock Is a Good One * 10 Companies That Could Post Decelerating Profits Compare Brokers The post 3 Big Stock Charts for Friday: General Electric, Nike and Wynn Resorts appeared first on InvestorPlace.

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