| Prev Close | 23.26 |
| Open | 23.84 |
| Day Low/High | 23.22 / 23.99 |
| 52 Wk Low/High | 17.95 / 35.72 |
| Volume | 55.81M |
| Avg Volume | 76.65M |
Bank of America Corp. (BAC)
23.29
0.03
0.13
NYSE : Finance
| Exchange | NYSE |
| Shares Outstanding | 8.68B |
| Market Cap | 206.05B |
| EPS | 2.80 |
| P/E Ratio | 9.69 |
| Div & Yield | 0.72 (2.95%) |
Latest News
Want a Safe Dividend Stock? Look North
The Bank of Nova Scotia is a Canadian bank with a high dividend yield above 5%.
The Fed
* An ideal short selling entry point lies ahead There was an over reaction - that continues this morning in the futures market - to the Fed's purchase of corporate bonds which was previously explicitly announced. There was no new money announced, ju...
Wells Fargo: What's a Dividend Investor to Do?
The bank has an attractive 7.6% yield, but uncertainty lurks.
An Explanation of Wells Fargo's Challenges and My Bank Stock Strategy
* I remain bullish on banks * Wells Fargo is attractive * The back and filling I expected last Friday is now happening One of the market issues I mentioned this morning was the appearance and comments of Wells Fargo CFO John Shrewsberry at Morgan St...
Wednesday's Takeaways
Something feels "wrong" about this market. Mr. Market is remarkably bifurcated, there is insane speculation in worthless securities and the breadth seems "shaky" -- among many other issues. I ended the day much shorter than I started the day. Jay P...
This Market's High on Hubris, Low on Humility
"Admitting a mistake is not a weakness; on the contrary, it shows an openness of your heart. It takes guts to say sorry. Only a strong and well-balanced individual with clarity of mind can do so effortlessly. Taking responsibility for your actions r...
It May Be Time for Financials to Consolidate a Bit Now
* The large money center banks are as close to "forever" stocks for me * However, the recent rise in the sector - and near +10% opening print higher - have been almost vertical and some backing and filling would not be a surprise * Indeed, some cons...
Is This Rotation Talk Making Your Head Spin?
Remember how the banks and tech were viewed just two weeks ago vs. now?
Trade of the Week - Buy JP Morgan ($89.47)
* Banks stocks are extraordinarily cheap today * In 2008 financials represented a record high 26% of the S&P Index, today they stand at a record low (at close to 7% of the S&P Index) * JP Morgan has a large war chest to absorb loan losses Historical...
I'm Getting Thirsty
* Making some moves now... I have added to . I am reestablishing long positions in $99.90 and $103.70. I am adding to and . I covered a small amount of my $303 and $101.30 shorts.
Some Takeaways
* Breadth still nasty at 10-1 negative. * No real stability, yet. * Oil down two bits. * Gold +$9. * Bond yields down three to four basis points. * Energy, retail, financials, real estate, gaming, industrials broadly lower. * The only green on my ma...
7 Preferred Stock and Fund Picks for Solid Income
The stock market selloff provides an opportunity to pick up preferred shares at steep discounts to their normal values.
Taking the Sausage, Anchovies, and Meatballs Off My PZZA
Down to tag ends on Papa John's - its been a moon shot (but risk now exceeds reward). I am adding further to , , , and today ( +$0.88).
Key Takeaways
I am back - it appears the main line water leak is bigger than I thought (so it will be addressed at 7:30 am tomorrow morning). Today's market action seems so-so, with Qs (Nasdaq) over Ss (S&P). I just added to at $220.35. Though new highs expanded,...
6 Financial Stock Picks for Value Investors
If you're looking for value, yield and have a three to five-year investment horizon, take note of these names.
Kass: The Financial Sector, and My Experience With George Soros
I have to respectfully disagree with Jim Cramer's conclusions in his recent column, 'No Wonder Bank Stocks Have Been Hit So Hard'.
Financial Stocks, George Soros and Me
* The robust level of bank industry "war chests" are being underappreciated by investors * The Banking Industry, as measured by earnings power (before LLP and one-time charges), reserve (and balance sheet) strength and loan diversification are well ...
Interested in Banks? This Type Could Be Vulnerable for Dividend Seekers
Community banks have already faced challenging times, and now the Covid-19 crisis is adding to the woes.
Kass: Big Money Center Banks Are One of the Most Attractive Areas of the Market
There's are several reasons why Kass has been aggressively buying recent weakness in bank stocks.
Today's Trades
I added to the following longs: , , , , and . I sold a portion of my puts.
Divining Earnings, Stunning Rebound, Trading Amazon
Are the markets ready for a pause in this dramatic rebound? We are several weeks behind Europe in battling this pandemic and U.S. numbers are far worse. Time will tell.
We're Not Putting Stock in the Economy ... We're Putting It in the Fed
The market has turned a blind eye to the economic challenges that lie ahead as the focus is on the government's massive creation of liquidity.
Bank of America Could Pull Back and Broaden Its Base Formation
We check out what the charts of the banking giant are telling us ahead of earnings on Wednesday.
New Buy (and Short) Levels
* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...
Jim Cramer: What Stands Out Now? There's an Appetite for Risky Debt
It could make the difference if the debt and equity markets remained thawed after a brief period of freezing.
The Demand and Risks for Loans Under the Paycheck Protection Program
Don't get me wrong, something is better than nothing, however, PPP, as large as the numbers sound, won't make a difference if businesses aren't operating again within six weeks.
Is Now a Good Time to Buy Banks for the Long Run?
Given the current price pattern in the banks, I see no reason to rush to buy them at this point.
