| Prev Close | 33.54 |
| Open | 32.57 |
| Day Low/High | 32.47 / 33.13 |
| 52 Wk Low/High | 26.21 / 35.72 |
| Volume | 56.88M |
| Avg Volume | 43.51M |
Bank of America Corp. (BAC)
32.85
0.69
2.06
NYSE : Finance
| Exchange | NYSE |
| Shares Outstanding | 8.84B |
| Market Cap | 301.49B |
| EPS | 2.80 |
| P/E Ratio | 12.41 |
| Div & Yield | 0.72 (1.92%) |
Latest News
Banks... It's an Issue of Timing Now
* With a less favorable reward vs. risk ratio, banks are less attractive over the near term I continue to increase my effective cash position and to reduce my gross exposure in this uncertain and elevated equity market. I have been adding to my shor...
5 Big Values in Small Bank Stocks
There are attractive opportunities in 2020 among lesser-known regional banks.
Jim Cramer: In the U.S./China Deal, the Engagement Camp Won
I have been among the most wary of China and its ability to change. I remain that way. But the U.S. got more than I ever thought.
Trades
Besides and puts, no trades today.
Bank Changes
Yesterday I shorted JP Morgan (at an average price of about $139.65) to hedge out a portion of my , and investments - which could be subject to a price correction in the weeks ahead. Yesterday and today I pared down C and BAC as they approach within...
Reduced BAC
Like Citigroup , Bank of America is trading within 10% of my year end 2020 price target - accordingly I reduced further, on pre-market strength, (but I am still medium-sized where I plan to stay) this name. Q4 results for BAC were better than expect...
U.S./China Phase One, Yield Curve, Jobs Survey, Trading Disney: Market Recon
One concern for traders and investors would be that the good cheer created by the development of this Phase One deal, as well as actions taken by the FOMC, are nearing or at the point where the headline risk points in the other direction.
Target Provides an Excuse for Selling but Underlying Support Remains Very Strong
Earnings reports are solid but this overbought market is looking for a good reason to consolidate a big move.
China Trade Headline Pulls Market Back to Reality
What appeared as a day ready to take gains higher was knocked off balance by old news.
JPM Short
As I mentioned in my post, I expect some profit taking in the banks stocks - even in light of slightly better than expected fourth quarter reports. Upon review of its earnings report, I have taken a small trading short in JP Morgan at $139.20 (in pr...
The Outlook for Citigroup (and the Money Center Banks)
--I approach this group with some near-term caution after outsized gains (of between +40% and +50%) in 2019 --Small earnings beats might be met with modest profit taking --Citigroup and my other money center bank holdings are now within 10% of my ye...
Market Melt-Up Appears the Mantra for Now
There are multiple reasons to be wary of the market at these levels, and to be concerned about potential of rising inflation.
Jim Cramer: 3 Reasons Why This China Trade Deal Has Teeth
This is a market that thrives on certainty. We got it Friday.
Can We Make Some More Lemonade Out of Lululemon?
LULU is reporting on Wednesday night, and here's how to play it on earnings.
Jim Cramer: Why Yesterday's Hot Stock Is Today's Dud
The purpose is not to shake you out, although it can feel like that; here's what's really going on.
I've Sold My Entire Boeing Stake
* I am calling an audible based on the Seattle Times report and management's apparent "slow play" on the fuselage damage during a stress test * The optics are poor * Though downside seems limited, Boeing may become even more of a "show me" stock, wi...
Take 19: My Takeaways
* The 19th nervous breakdown! * Market breadth was -400 decliners over advancers. (There was a $2.2 billion market on close-sell program.) * The market more than halved its losses from the early afternoon lows. * Bonds rallied and yields dropped by...
Recap of Recent Actions
A reminder that I recently: * (Reluctantly) pared back my very large positions in Citigroup , Bank of America and Wells Fargo to medium in size * Eliminated Facebook * Reduced from very large to medium in size in Alphabet and Amazon
Jim Cramer: Buybacks in the Cyclical Stocks Are Helping Push This Strength
Caterpillar is a prime example.
Paring Down My Bank Stock Holdings Now
* Reluctantly and given the strong price performance of the last few months With the move this week and given the strong follow through today (producing high relative strength readings), I am reluctantly reducing my very large holdings in , , and to...
No Longer Waiting for This Bank's Recovery
I have sold my speculative Deutsche Bank shares (for a very small profit) and I am taking the stock off of my Best Ideas List. The proximate reason for the sale was my analysis of the bank over the past weekend following the Wednesday report of a $9...
Jim Cramer: Demand Is Driving This Market to All-Time Highs
The stocks of many companies anticipated a more stringent series of tariffs and we didn't get them.
Cleveland Rocks: This Regional Bank Stock Offers a 4%+Yield and Growth
The big banks get most of the attention, but income investors should also consider high-quality regionals.
Jim Cramer: We Are In a Moment Where There Are More Positives Than Negatives
It's all because some stocks are more powerful than others and the aberrations are to the downside. Not the upside.
Bank of America's Outlook Is Upbeat
* BAC is a well managed, diversified bank benefiting from scale (and a strong and growing deposit base) * The banks stands positioned to realize more operating leverage than the consensus expects over the next few years Bank of America's 3Q2019 repo...
Jim Cramer: Netflix and CSX Lead the 'NABAF' Earnings Story
These stocks's earnings were 'not as bad as feared,' and here are some more names that pushed the NABAF narrative.
