Bank of America Corp (BAC)

31.55
NYSE
Prev Close 31.77
Day Low/High 31.25 / 31.75
52 Wk Low/High 17.95 / 35.45
Exchange NYSE
Shares Outstanding 8650.81B
Market Cap 274.84B
P/E Ratio 16.99
Div & Yield N.A. (N.A)

Latest News

The Easy Money Has Been Made in Banks

* The setup into the current reporting period is poor * With bank stocks elevated, in-line to slightly lower reports, relative to consensus expectations, could modestly disappoint traders and investors - particularly if my market concerns pan out * ...

My Message Is Simple: Sell Stocks Now  

* I find a record low number of stocks that meet my standards for purchase today * Book mark this missive! * Stated simply...   "You're betraying your whole life if you don't say what you think - and you don't say it honestly and bluntly." - Charles...

With Changes Coming to Washington, Here Are 2 Actionable Ideas

With Changes Coming to Washington, Here Are 2 Actionable Ideas

I would like to add a bank - BAC - and have always liked United Rentals.

Small Sales

I am making small sales in , , and now as the magnitude of the spike higher this morning seems a bit extreme.  The banks are as close to "forever" holdings for me and I am planning to keep them medium-sized - albeit less than I started the day with!...

Markets React to Georgia Elections, Banks and Industrials to Gain, Oil Reduced

Markets React to Georgia Elections, Banks and Industrials to Gain, Oil Reduced

I will have to give some of my favorite tech names a haircut in the name of balance. Hopefully everyone gained some exposure to gold.

From the Street of Dreams (Parts 1 and 2)

Exane BNP Paribas downgrades Tesla to underperform and lowers its price target to $340.  " Tesla no longer has the benefit of operating in a "vacuum of competition... With possible competition from Waymo, Didi, Baidu and even Apple , "we would not w...

Out of XLF!

I have eliminated my long (bank/financial ETF) today in keeping with what I wrote 12 days ago:  Dec 18, 2020 ' 06:09 PM EST DOUG KASS Taking Off Some From Bank Holdings in the After Hours * The share repurchase news may mark a near-term top in the b...

Kass: Here Are My 15 Surprises for 2021

Kass: Here Are My 15 Surprises for 2021

2021 could be a year in which the S&P Index shows little movement in the first half, but market pressures might mount over the last six months.

My 15 Surprises for 2021

* In 2020 (despite broad February-March weakness) equities rose faster, valuations expanded far greater, and interest rates fell sharper than the consensus expected * 2021 could be a year in which the S&P Index shows little movement in the first hal...

Why Now, Doug?

"Ch-ch-changes Ooh, look out, you rock 'n' rollers Ch-ch-ch-ch-changes Turn and face the strange Ch-ch-changes Pretty soon now you're gonna get older Time may change me But I can't trace time I said that time may change me But I can't trace time" - ...

Is Bank of America Finally Ready to Break Out?

Is Bank of America Finally Ready to Break Out?

We have just the recipe for the banks to continue their upside move.

Recommended Reading

From Whitney Tilson's "Daily":  For the last couple of months, my friend Doug Kass of Seabreeze Partners and I have been pounding the table on bank stocks, which have been ripping higher lately... They did so again yesterday after this news broke on...

The Fed, Banks, and How I'm Trading JP Morgan

The Fed, Banks, and How I'm Trading JP Morgan

Beyond JPM, here are the banks I have my eye on.

Taking Off Some From Bank Holdings in the After Hours

* The share repurchase news may mark a near-term top in the banking sector For the first time in almost a year, I am scaling back some of my bank stock holdings now -- in after-hours trading.   Though a bit unexpected (from the standpoint of timing)...

Bank of America Could See an Upside Breakout Early Next Year

Bank of America Could See an Upside Breakout Early Next Year

Let's review the charts on BAC.

I Remain Bearish in Market Outlook

Though market breadth is still 2-1 (positive) I see developing pockets of concern and weakness. Most conspicuously, growthy FAANG has already reversed and the Nasdaq is well off the morning high. Tesla is even down on the day! Though banks remain up...

Let's Run This Bank of America Trade Up the Flagpole

Let's Run This Bank of America Trade Up the Flagpole

Traders have been buying calls in BAC left and right.

How Momentum Beats Market Timing in Trading

How Momentum Beats Market Timing in Trading

Timing can be a fruitful exercise, but it is more useful as an investment tool, rather than a trading tool.

Let's Go 'BAC' to the Banks

Let's Go 'BAC' to the Banks

Here we'll look at Bank of America's December calls.

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.