Bank of America Corp. (BAC)

26.20
1.40 5.50
NYSE : Finance
Prev Close 24.84
Open 25.50
Day Low/High 25.39 / 26.14
52 Wk Low/High 17.95 / 35.72
Volume 85.81M
Avg Volume 91.85M
Exchange NYSE
Shares Outstanding 8.68B
Market Cap 213.51B
EPS 2.80
P/E Ratio 10.04
Div & Yield 0.72 (2.86%)

Today's (and Yesterday's) Trades

I added to , , , , , , and this morning. A reminder that yesterday I initiated new positions in , , , , and .

There's a Worthy Options Play to Be Had With JP Morgan

There's a Worthy Options Play to Be Had With JP Morgan

I'm not willing to stick my neck out right now and take an equity stake.

Added to 6 Stocks

I added to , , , , and this morning.

Is Oil Too Big to Fail?

Is Oil Too Big to Fail?

The U.S. energy sector is the heart and soul of the U.S. economy. The next few weeks will be critical.

Bookmark This Post!

There is unusually large volume in Bank of America shares today. I wouldn't be surprised if The Oracle of Omaha isn't aggressively adding to this name now.

Buys Today

, , , , , , , , , .

The Other Side of the Moon

"If all we had were roses, would the thorns then be beautiful?" - Grandma Koufax Truths and roses both have thorns about them but patiently travelling and navigating, in a consistent but objective and analytical way (in our markets) often brings on ...

Picked Up Some Banks

Added to These 6 Longs

I added to the following longs (on the opening): , , , ,  , and .

Back Large in Banks and Some Other Moves

This morning I moved to medium-sized , , and longs. And I moved back to large-sized on and . I have a busy research schedule today (mostly phoners) but I will outline the case for buying early tomorrow morning.

Adding to 6 Stocks

I have added to  , , , , , longs this morning.

GS, BAC and C

I have moved back to large on and (I have been a scale buyer in both). And my position is now medium-sized (also scale buyer lower).

C, BAC Adds

I have added small to my longs in ($70.55) and ($31.55).

The Market's Structure and a Black Swan (Called Coronavirus) Are a Toxic Cocktail of Risk

* Risk happens fast - as we now take the elevator down * At 4:45 am S&P futures were -90 and Nasdaq futures were -315 handles * Market structure - in which the majority of products and strategies are bullish and lie on "the same side of the boat" - ...

My Recent Moves

I thought it might be helpful to briefly summarize some of my more meaningful moves in the market over the last few weeks: * I eliminated Goldman Sachs around $240 (my year end 2020 target price) and reduced the size of my , and longs. Lower interes...

This Regional Bank Offers Safe Investment for Dividend Seekers

This Regional Bank Offers Safe Investment for Dividend Seekers

New York Community Bancorp hides under the radar when compared to major players, but offers a high yield to investors.

See the Dividend Forest for the Trees With This Bank Stock

See the Dividend Forest for the Trees With This Bank Stock

Bank OZK, previously Bank of the Ozarks, offers a dividend yield of 3.7%.

6 Favorite Financials: Value Stocks to Take to the Bank

6 Favorite Financials: Value Stocks to Take to the Bank

These undervalued names fit well in a diversified portfolio.

3 Reasons Why Apple Will Continue to Shine

3 Reasons Why Apple Will Continue to Shine

This trio of reasons plus a chart that remains in a bull channel all point to a stock that should continue to outperform the markets in 2020.

Liquid

For those that are keeping score, I am very liquid today... Longs: , , , , , ,   , , , , and Shorts: , , , , , , , , , and __________ Long FDX (large), GLD (small), KSS, KHC (large), PZZA, TWTR (large), VIAC (large), M (large), GE (small), C, BAC, W...

Kass: Apple Is the Most Consequential Investment That Warren Buffett Ever Made

Kass: Apple Is the Most Consequential Investment That Warren Buffett Ever Made

Consider that The Oracle is currently 89 years old - and that he made his single best portfolio investment in over a half century at 87 years old!

Berkshire Hathaway's Purchase of Apple Shares May Be Viewed as the Most Consequential Investment That Buffett Has Ever Made...

* It is also probably the greatest investment ever made of a publicly-listed company in history - in either profits in absolute dollar terms or whether based on a time-weighted percentage return * Berkshire Hathaway has made about $43 billion on its...

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

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

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

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

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.