Bank of America Corp. (BAC)

19.80
1.40 6.70
NYSE : Finance
Prev Close 21.23
Open 19.93
Day Low/High 19.51 / 20.35
52 Wk Low/High 17.95 / 35.72
Volume 83.78M
Avg Volume 75.95M
Exchange NYSE
Shares Outstanding 8.73B
Market Cap 188.54B
EPS 2.80
P/E Ratio 8.01
Div & Yield 0.72 (3.06%)

Latest News

PENN Sold, Adding to 5 Others

I sold out my trading long rental on Penn Gaming  based on the announcement of a refinancing. More later. I added to , , , and this morning.

Bank of America and the Large Money Center Banks Represent Unusual Intermediate Term Value

* Over the weekend I "stress tested" Bank of America's earning projections (and that of the other money center banks) * The Covid-19 inspired recession will result in only about a 5-6 quarter long push back of normalized EPS for BAC * Though earning...

Adding to 4 Stocks

I added to , , , and this morning.

After a 3-Day Move Higher, I Think the Market Is Back to Being Overvalued

After a 3-Day Move Higher, I Think the Market Is Back to Being Overvalued

Yes, the stimulus that now seems sure to pass Congress and receive the president's signature will be beneficial for the U.S. economy.

I See a Smorgasbord of Possible 'Generational' Opportunities: Constructing an Investment Portfolio for the Next 1-3 Years

* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...

Market Friendly Developments?

* Ns over Ss! * The lingering impact of COVID-19 on our behavior helps to explain my large long investments in Google, Amazon and Twitter * Banks were the problem in the last recession, they will be part of the solution over the next few years I am ...

Today's (and Yesterday's) Trades

I added to , , , , , , and this morning. A reminder that yesterday I initiated new positions in , , , , and .

There's a Worthy Options Play to Be Had With JP Morgan

There's a Worthy Options Play to Be Had With JP Morgan

I'm not willing to stick my neck out right now and take an equity stake.

Added to 6 Stocks

I added to , , , , and this morning.

Is Oil Too Big to Fail?

Is Oil Too Big to Fail?

The U.S. energy sector is the heart and soul of the U.S. economy. The next few weeks will be critical.

Bookmark This Post!

There is unusually large volume in Bank of America shares today. I wouldn't be surprised if The Oracle of Omaha isn't aggressively adding to this name now.

Buys Today

, , , , , , , , , .

The Other Side of the Moon

"If all we had were roses, would the thorns then be beautiful?" - Grandma Koufax Truths and roses both have thorns about them but patiently travelling and navigating, in a consistent but objective and analytical way (in our markets) often brings on ...

Picked Up Some Banks

Added to These 6 Longs

I added to the following longs (on the opening): , , , ,  , and .

Back Large in Banks and Some Other Moves

This morning I moved to medium-sized , , and longs. And I moved back to large-sized on and . I have a busy research schedule today (mostly phoners) but I will outline the case for buying early tomorrow morning.

Adding to 6 Stocks

I have added to  , , , , , longs this morning.

GS, BAC and C

I have moved back to large on and (I have been a scale buyer in both). And my position is now medium-sized (also scale buyer lower).

C, BAC Adds

I have added small to my longs in ($70.55) and ($31.55).

The Market's Structure and a Black Swan (Called Coronavirus) Are a Toxic Cocktail of Risk

* Risk happens fast - as we now take the elevator down * At 4:45 am S&P futures were -90 and Nasdaq futures were -315 handles * Market structure - in which the majority of products and strategies are bullish and lie on "the same side of the boat" - ...

My Recent Moves

I thought it might be helpful to briefly summarize some of my more meaningful moves in the market over the last few weeks: * I eliminated Goldman Sachs around $240 (my year end 2020 target price) and reduced the size of my , and longs. Lower interes...

This Regional Bank Offers Safe Investment for Dividend Seekers

This Regional Bank Offers Safe Investment for Dividend Seekers

New York Community Bancorp hides under the radar when compared to major players, but offers a high yield to investors.

See the Dividend Forest for the Trees With This Bank Stock

See the Dividend Forest for the Trees With This Bank Stock

Bank OZK, previously Bank of the Ozarks, offers a dividend yield of 3.7%.

6 Favorite Financials: Value Stocks to Take to the Bank

6 Favorite Financials: Value Stocks to Take to the Bank

These undervalued names fit well in a diversified portfolio.

3 Reasons Why Apple Will Continue to Shine

3 Reasons Why Apple Will Continue to Shine

This trio of reasons plus a chart that remains in a bull channel all point to a stock that should continue to outperform the markets in 2020.

Liquid

For those that are keeping score, I am very liquid today... Longs: , , , , , ,   , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...

Kass: Apple Is the Most Consequential Investment That Warren Buffett Ever Made

Kass: Apple Is the Most Consequential Investment That Warren Buffett Ever Made

Consider that The Oracle is currently 89 years old - and that he made his single best portfolio investment in over a half century at 87 years old!

Berkshire Hathaway's Purchase of Apple Shares May Be Viewed as the Most Consequential Investment That Buffett Has Ever Made...

* It is also probably the greatest investment ever made of a publicly-listed company in history - in either profits in absolute dollar terms or whether based on a time-weighted percentage return * Berkshire Hathaway has made about $43 billion on its...