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.
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Technical Analysis Bank of America Stock
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Fundamental Analysis Bank of America Stock
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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.
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