Central Index Key (CIK): 0000070858 | ISIN: US0605051046 | Symbol: BAC | Type: Stock.
Bank of America is one of the largest and most important banks in the United States. It is one of the four largest banks in America. The financial conglomerate is recognized as systemically important, its clients are millions of individuals and entrepreneurs. The headquarters is located in the largest city in North Carolina - Charlotte. Bank of America shares are attractive to both American investors and foreign investors. Bank of America (NYSE:BAC) stock price online, charts, stock price history, technical and fundamental analysis, reports, dividends, comments and more.
Simple and lightweight Bank of America Stock Live Chart is a powerful free tool that allows you to easily conduct technical analysis online without downloading additional files and applications. In order to meet the needs of the most demanding technical analysts, you can find over a hundred chart analysis tools on our Bank of America stock chart. You can also add any of 80 technical indicators directly to the chart online - in two clicks. The possibilities are endless!
Technical Analysis Bank of America Stock
Bank of America Stocks Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.
Fundamental Analysis Bank of America Stock
The widget displays fundamental data that will help you better understand the current state of the company than simple stock prices. Bank of America stock fundamentals include: Market Capitalization, Enterprise Value, Balance Sheet, Operating Metrics, Price History, Margins, Income Statement, Dividends and many others important data.
About Bank of America Technologies
Amadeo Peter Giannini became the founder of Bank of America. He decided to establish a Bank of Italy in San Francisco, California, to serve Italian immigrants. Later, the banking institution expanded the list of clients. It was the first in the United States to provide financial services to the middle class and low-income citizens. Considering that in those days the banks worked only with well-to-do people, the Bank of Italy innovation became a competitive advantage.Another financial institution is Bank of America, L.A. - was created by Aurra Eugene Monnett in 1923. Amadeo Giannini actively invested in the bank, he was attracted by an advanced solution - a centralized system of accounting and distribution of funds. In addition, BoA LA owned a large fleet of armored vehicles, which made it possible to quickly move capital to investment-attractive locations.
In 1928-1929. the banks of Giannini and Monnetta were merged and renamed Bank of America of California. At that time, there were already more than 400 offices throughout California and branches in the states of Oregon, Arizona, Washington, Nevada, representative offices in Italy, etc. Later, the prefix of California was removed.
By 1945, BoA had become the largest in the world, with assets exceeding $ 5,000,000,000. After the launch of decentralization, Bank of America began to grow rapidly. By 1960, assets had reached almost $ 12,000,000,000. This was largely facilitated by the launch of the first commercially demanded credit cards among customers, which later became modern VISA. The importance of the holding increased by 1981, when assets amounted to $ 112.9 billion. In the 80s and 90s, a number of mergers and acquisitions took place, thanks to which BoA significantly expanded its geography of presence and strengthened its position in the market.
More than 10,000,000,000 stocks of the conglomerate are in free float. Most are available on the NYSE. The cost of the controlling stake for 2020 is over $ 100,000,000,000. The holding includes such well-known subsidiaries as Merrill Lynch, U.S. Trust Company of Delaware, etc. The conglomerate had assets of $ 2.82 trillion as of the end of the 2020 fiscal period. The company's revenue is $ 85.5 billion, and the net profit is $ 18.9 billion.
Investing in a company like Bank of America must be done with an understanding of the principles of the US banking system. Stock prices depend on the state of the American economy and the consumer demand index.
It should be borne in mind that BoA is five divisions specializing in various financial areas. Bank of America stock prices are affected by financial crises. At the same time, over the past 5 years, BAC securities have grown from $ 13 to $ 41 per stocks.
When analyzing the value of Bank of America securities, you need to take into account the factors that influence the dynamics of the rate change. Among the fundamental news can be noted about the activities of the conglomerate, global and local policies of the United States.
With a competent approach, which includes detailed technical and graphical analysis of stock prices, studying the economic indicators of the United States of America, clarifying the international agenda, investing in securities of a financial institution is worth it.
The financial conglomerate pays dividends to holders of securities. You can count on revenue at the end of each quarter. In 2021, the dividend was $ 0.18 per stocks. This approach is convenient when creating a long-term investment portfolio. Bank of America is listed on the world's largest New York Stock Exchange under the ticker BAC.
Comments
Submitted by Anonymous on Sun, 09/29/2024 - 23:39
BAC Stock Major Trend Break and Bear Flag
BAC recently broke below its major uptrend from the 2023 low. It's been consolidating below and forming a a bear flag. On top of bad technicals, Buffet is unloading his stake like there is no tomorrow. The balance sheet looks horrible as well. These are not reasons to buy short dated puts. This is one you'll want to let play out over time.
Either way, if it does break below this bear flag we should see continuation down to the prior swing low around 35. Next target after that would be the flag pole target and 2021 lows which is also a psychological number around 30. That would be a huge drop if it gets there, it would take some time most likely. If it can't hold there, final long term target is going to be the 2023 low around 25 for me. My targets turned out to be about every 5 dollars down, interesting and that makes it it pretty easy to follow as well.
Submitted by Anonymous on Sat, 10/12/2024 - 23:33
Submitted by admin on Mon, 10/24/2022 - 12:44
Elliott Wave Forecast: Bank of America ($BAC) Perfect Reaction Lower from Blue Box Area
Good day Traders and Investors. In today’s article, we will look at the past performance of 4 Hour Elliottwave chart of Bank of America ($BAC). The decline from 08.16.2022 high is unfolding as a 5 swings and made a lower low on 10.13.2022 which created a bearish sequence in the 4H timeframe. Therefore, we knew that the structure in $BAC is incomplete to the downside & should see more weakness in 3 or 7 swings against 08.16.2022 peak. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box area. We will explain the structure & forecast below:
$BAC 4H Elliottwave Chart 10.17.2022:
Here is the 4H Elliottwave count from 10.17.2022. The decline from 08.16.2022 unfolded in 5 waves breaking below 07.14.2022 low creating a bearish sequence. We were calling for the bounce to fail in 3 swings at black ((2)) where we like to sell it at the equal legs at $35.00 with a stop at $36.93.
$BAC Latest Elliottwave Chart:
Here is the 10.20.2022 4H update showing the move taking place as expected. The stock has reacted lower from the blue box to reach the 50% back from blue (B) allowing any shorts to get risk free shortly after taking the position.
Submitted by admin on Wed, 09/28/2022 - 13:58
Elliott Wave Forecast: Bank of America Stocks (BAC) Rally Should Fail for More Downside
Short term Elliott Wave view on Bank of America Stocks (BAC) shows that cycle from 9.12.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 9.12.2022 high, wave 1 ended at 33.54 and rally in wave 2 ended at 34.90. The stock has resumed lower in wave 3. Down from wave 2, wave ((i)) ended at 33.66 and rally in wave ((ii)) ended at 34.87. The stock resumes lower in wave ((iii)) towards 31.21, and rally in wave ((iv)) ended at 31.82.
Expect the stock to extend lower 1 more leg in wave ((v)) to complete wave 3, then it should rally in wave 4 before it resumes lower again.
The stock is now close to breaking below the previous low on 7.14.2022 low (29.67). A break below 7.14.2022 should open up a bearish sequence from 2.10.2022 high calling for further downside.
Other broader Index such as Dow Futures ($YM_F) and S&P 500 ($SPX) already broke the same equivalent low, thus it’s likely that BAC should do the same.
Near term, as far as pivot at 34.88 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside.
BAC 30 Minutes Elliott Wave Chart
Submitted by Anonymous on Tue, 08/31/2021 - 13:36
US stock indices finished trading with growth - American stock indices rose on Friday, the S&P 500 and Nasdaq indicators renewed record highs. Incomes of the US population in July soared 1.1% from the previous month, according to data from the country's Department of Commerce. Bank of America Corp. stocks grew by 1.1%.
Submitted by admin on Tue, 08/31/2021 - 13:15
Technical indicators on Bank of America stocks on Daily Timeframe show this data:
Relative Strength Index (14) indicator for Bank of America stock shows: 57.26 Value - Neutral.
Stochastic %K (14, 3, 3) for BAC stock shows: 73.82 Value - Neutral.
Commodity Channel Index (20) indicator for Bank of America stock shows: 53.44 Value - Neutral.
Average Directional Index (14) for BAC stock shows: 19.68 Value - Neutral.
Awesome Oscillator indicator for Bank of America stock shows: 2.30 Value - Neutral.
Momentum (10) for BAC stock shows: 0.37 Value - Sell.
MACD Level (12, 26) indicator for Bank of America stock shows: 0.63 Value - Buy.
Stochastic RSI Fast (3, 3, 14, 14) for BAC stock shows: 65.37 Value - Neutral.
Williams Percent Range (14) indicator for Bank of America stock shows: −40.27 Value - Neutral.
Bull Bear Power for BAC stock shows: 1.62 Value - Neutral.
Ultimate Oscillator (7, 14, 28) indicator for Bank of America stock shows: 50.81 Value - Neutral.
Simple Moving Average (50) for BAC stock shows: 39.99 Value - Buy.
Exponential Moving Average (50) for Bank of America stock shows: 40.40 Value - Buy.
Ichimoku Base Line (9, 26, 52, 26) for BAC stock shows: 40.15 Value - Neutral.
The final summary analysis of the indicators shows: SELL 1. BUY 3. NEUTRAL 10.
It is also always interesting to see your constructive comments below.
Submitted by Bubble on Sat, 08/21/2021 - 14:22
According to analysts, Bank of America's target price of $ 44.38 implies 15.4% upside potential.
Submitted by Leonardo on Sat, 08/21/2021 - 14:20
I continue to accumulate the BAC position, today I bought 1 piece on the exchange.
Bank of America is the second largest bank in the United States. He has a well-diversified revenue-generating business: retail, wealth management and investment banking, global international commercial banking, and others.
It is the wide diversification in areas that allows the bank to withstand difficult times.
Bank of America shares are one of the largest positions in Warren Buffett's portfolio.
But there are also risks, they are associated with the loan portfolio, the FRS rate, changes in regulation, etc.
This information about my purchase is not a recommendation for your investment. Please take into account that my total investment portfolio is about $ 4 million and the size of this purchase affects the overall investment risk absolutely insignificantly.
Submitted by admin on Sat, 08/21/2021 - 14:07
Good afternoon, dear traders and investors!
We offer wave analysis of Bank of America stocks. This is a classic wave analysis according to the well-known Elliott Wave Theory.
Based on the chart of Bank of America stocks, on a global scale, wave C of the large correction A-B-C, which came after the US mortgage crisis, is now ending.
Can also highlight an ascending channel that has been broken relatively recently.
The target for the exit from the channel coincides with the 1.618 Fibonacci level of wave A, and I expect the growth to continue to $ 53-55 directly from the current levels.
This A-B-C formation is only a rebound in wave B, therefore, after meeting the targets, I expect a strong decline in quotations, which may be commensurate with the collapse during the mortgage crisis.