Bank of America Corp (BAC)

28.99
NYSE
Prev Close 29.03
Day Low/High 28.81 / 29.10
52 Wk Low/High 17.95 / 35.72
Exchange NYSE
Shares Outstanding 8650.79B
Market Cap 251.13B
P/E Ratio 14.23
Div & Yield N.A. (N.A)

Latest News

A Prudent Time to Bet on Big Banks?

A Prudent Time to Bet on Big Banks?

A value investor reviews six big Wall Street banks following their recent strong earnings reports.

Trades

I was active trading yesterday:  * I took a long rental. * I added to , , , , , , , and longs. * I covered small (still medium-sized), (from large-sized to medium-sized), (still medium-sized) and (still medium-sized) shorts. __________  Long GOOGL (...

Buying These Names Now

* And covering small in individual shorts  DJIA, Nasdaq and S&P, down -900 -350 and -100, respectively. My reaction? I am buying more , , , , , and in the last 30 minutes. I have covered small in (still medium-sized), (from large-sized to medium-siz...

Jim Cramer: How to Play the Inevitable Stimulus

Jim Cramer: How to Play the Inevitable Stimulus

Go with the banks. They are cheap and we learned this week with that big move up in rates, they will too.

Jim Cramer: Meet the Magnificent Seven

Jim Cramer: Meet the Magnificent Seven

It might be like cold water in the face to think that earnings don't matter. But these stocks have detached themselves from all metrics.

Jim Cramer: Work-From-Home Stocks Have Room to Run

Jim Cramer: Work-From-Home Stocks Have Room to Run

As long as the pandemic rages on, the stay-at-home thesis should stay strong.

Jim Cramer: Hey Washington, Have a Heart for the Millions in the 'Fourth Lane'

Jim Cramer: Hey Washington, Have a Heart for the Millions in the 'Fourth Lane'

Right now our policy on new stimulus is defaulting to 'to heck with the fourth lane' and all who ride on it. That's a crying shame.

Moved Back to Market Neutral

Here are today's trades:  * I have added to my ($43.83),  ($24.02), and ($24.34) longs on this morning's weakness. * I have added to my ($351.40) and ($295.95) shorts on the early ramp.  As a result of these trades, I have moved to Market Neutral.  ...

Covid Drug Candidates, Buy Eli Lilly? Large Cap Stocks, Tesla Debt Upgrade

Covid Drug Candidates, Buy Eli Lilly? Large Cap Stocks, Tesla Debt Upgrade

Covid itself, and therapeutics or vaccines associated with taking on the SARS-CoV-2 coronavirus, is under a public microscope.

Knife Catching Is a Dangerous Game

Knife Catching Is a Dangerous Game

Trying to grab a bargain while a stock is falling is fraught with risk; better to wait until a true bottom has formed before buying.

A Heightened Regime of Volatility Appears Upon Us

* Fasten your seatbelts as today is another day, Scarlett! Thursday's session was wild and volatile.  Last evening was equally volatile - with S&P futures up as much as 20 handles and were down by -23 handles (at 7:05 am).  The S&P is at approximate...

Stay Cool -- and Prep for Investment Opportunities

* This is not your father's market -- as old rules don't apply   If your trading and investment decisions are based solely on price action (and charts) you should stop reading this column!   Since two Wednesdays ago, I have been looking for a series...

Buy Entry Levels for Banks

Based in part because of the greater confidence I now have in the pivot from growth to value, I am raising my buy entry levels in the four banks I currently own.  Buy Levels Was   Now        $48 $50   $26 $27.50   $95 $100 $25 $26.50

Not a Trade, An Investment!

I just purchased , and for my personal pension plan. In size.

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.