Bank of America Corp (BAC)

25.21
NYSE
Prev Close 25.35
Day Low/High 25.10 / 25.58
52 Wk Low/High 17.95 / 35.72
Exchange NYSE
Shares Outstanding 8664.10B
Market Cap 219.63B
P/E Ratio 12.25
Div & Yield N.A. (N.A)

Latest News

Time For Second Level Thinking?

* I believe so! * More evidence of a possible pivot from growth to value was seen today * I believe that pivot will continue (e.g.,banks should be the beneficiary of that pivot)   First Level Thinking: "The Fed will remain loose for years to come. T...

What Happens If the Market Falters From Here?

What Happens If the Market Falters From Here?

We haven't broken any uptrend levels from the March lows and the S&P is left undecided between the 21-day and 50-day moving averages.

Long Adds: 1, 2, 3

In terms of my recent individual long additions in the last two weeks - here they are in order of size:  #1 General Motors  - and put on Best Ideas List, long #2 Wells Fargo  - the shares have weathered well Berkshire's selling #3 Bank of America - ...

Adding to 3 Stocks

I just added to , , and ( in a new account).  

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 ...

Adding to 2 Banks

I added to Bank of America at $25.67 and Wells Fargo at $24.10.  

You Still Can't Hold a Candle to Buffett

You Still Can't Hold a Candle to Buffett

But despite my great respect for the Oracle and BRK's strong chance of a come back from 2020's setbacks, I never owned Berkshire stock. Here's why.

From The Street of Dreams

Deutsche Bank upgraded Bank of America and JPMorgan this morning to buy.    

What Insiders Are Buying

What Insiders Are Buying

Three names are seeing significant insider purchases in a market that is seeing little of this sort of activity.

I Don't Have Confidence in the Fed to Take the Actions Needed

I Don't Have Confidence in the Fed to Take the Actions Needed

When the banking system is not healthy at its core, neither is the stock market regardless of its current price level.

Today's Trades

* Offering more and on the short side * Added to at $23.70 * Bidding for more and * Bidding for more puts * Bidding for more (there was a brokerage downgrade yesterday) __________  Long WFC (large), SPY puts, SDS (large), SJM (large), BAC (large), J...

Jim Cramer: What 'V'-Shaped Recovery?

Jim Cramer: What 'V'-Shaped Recovery?

Don't confuse what's happening on the S&P with the nation's economy.

SPY and More

- I am bidding for out of the money puts now with an expiration within one month. - Adding to and again this morning. - I tried to short some on the ramp into positive territory - but just missed the trade.    

BAC's Credit Cards

Bank of America says its credit card delinquency rate was 1.16% at the end of July, compared to 1.30% at the end of June.  The credit card charge-off rate was 2.09% in July compared to 2.12% in June.    

Berkshire Hathaway Makes Moves in Banks and Gold

* Buffett clearly remains cautious about the overall markets * Neither the purchase of a gold stock or some reductions in Berkshire's bank holdings seem meaningful * Here is why...  This weekend Berkshire Hathaway announced the changes in its portfo...

Jim Cramer: It's Dangerous Down Here in the Trough

Jim Cramer: It's Dangerous Down Here in the Trough

But that's exactly where we are right now, in this third day of the rotation, so here's your path to safety.

It May Be Time for Bank Stocks to Trade Higher and Break Out of the Recent Trading Range

* 2Q2020 may have represented a peak builds in loan loss provisions and a peak in relative underperformance of bank industry share prices * I share Warren Buffett's confidence in the banking space  Bank stocks have underperformed the broader market ...

Liking Bank of America

Buffett boosted his Bank of America position over the last week.   A reminder, BAC is one of my favorite longs.  From mid- July:  Jul 17, 2020 ' 08:00 AM EDT DOUG KASS Bank of America Remains Attractive * BAC is my second favorite bank stock BAC rep...

Among the Hated Banks, Here's One You'll Love

Among the Hated Banks, Here's One You'll Love

Own one of the world's best banks -- First Commonwealth -- for peanuts.

The Tech Names Run Out of Energy

The Tech Names Run Out of Energy

Selling is broadening and speculative trading is narrowing, but it's tough to read too much into either yet.

Berkshire's Buffett Baffles With Bank Buy

Berkshire's Buffett Baffles With Bank Buy

Why would the Oracle of Omaha buy Bank of America at these prices?

The Reports of the Banking Industry's Death Are Greatly Exaggerated

* Between Monday and Wednesday Berkshire Hathaway lifted its Bank of America stake by 34 million shares (to 982 million shares) * BAC is my second favorite bank stock "The reports of my death are greatly exaggerated." - Mark Twain Following a rumor ...

Jim Cramer: Non-Traditional Banks Are Starting to Pull Away From the ETFs

Jim Cramer: Non-Traditional Banks Are Starting to Pull Away From the ETFs

Overall, the banks failed you again. But the future for two of them is much brighter than the past.

Jim Cramer: Let's Talk About the Big Winners in the Housing Market

Jim Cramer: Let's Talk About the Big Winners in the Housing Market

For housing, lower rates have the biggest multiplier impact of any industry in the country.

We'll Be Checking on These Corporate Earnings Next Week

Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...

Kohl's Just Doesn't Fit Our View of a Strong Stock

Kohl's Just Doesn't Fit Our View of a Strong Stock

Despite the retailer's fundamental upgrade, the charts are still basically weak.

What Would Warren Buffett Buy? Here Are 11 Ideas

What Would Warren Buffett Buy? Here Are 11 Ideas

In the search for high-quality dividend stocks, investors might take their cues from legendary value investor Warren Buffett.

Covid-19 Complications, Grocery Store-y, More on Moderna: Market Recon

Covid-19 Complications, Grocery Store-y, More on Moderna: Market Recon

Plus, a closer look at Thursday's late-day rally and at actions impacting the nation's big banks.