Bank of America Corp (BAC)

33.86
NYSE
Prev Close 34.45
Day Low/High 32.96 / 34.98
52 Wk Low/High 34.25 / 50.11
Exchange NYSE
Shares Outstanding 8056.88B
Market Cap 277.56B
P/E Ratio 16.87
Div & Yield N.A. (N.A)

How Did Money Managers and Analysts Get It So Wrong on the Banks in 2022?

* Travelling with the herd is often harmful to your investment well being * Banks stock investors missed eight important headwinds to bank stock performance and banking industry profitability * Bank stocks remain "full on Monet" (From the movie Clue...

Banks Fall From Grace

I am not going to repeat my negative viewpoint on banks - I have done a lot of this already in my Diary all week.   But I am astonished that JPMorgan owners have routinely defended their holding in the largest money center bank by repeating worn sou...

I Like JPMorgan But Is Now the Time to Invest?

I Like JPMorgan But Is Now the Time to Invest?

It's not everyday that one hears the CEO of a major money center bank come out and tell you that the future just might not be all that bright.

Hey Mikey, He Doesn't Like It!

Kamich on Bank of America , here.  I love his point and figure charts!

Bank of America Shows Weakness on the Charts

Bank of America Shows Weakness on the Charts

Further declines could unfold in the weeks ahead.

Fed Posturing, Russia, China Covid, Markets, Earnings Season, Valuation

Fed Posturing, Russia, China Covid, Markets, Earnings Season, Valuation

Let's see how this earnings season shapes up.

10 Preferred Stock Picks for Income Investors

10 Preferred Stock Picks for Income Investors

Given the turbulent market, it's a good time to consider the relative safety of preferred stocks.

Berkshire Hathaway Is the Great American Conglomerate: Here's How to Trade It

Berkshire Hathaway Is the Great American Conglomerate: Here's How to Trade It

Berkshire, led by the brilliant pair of Warren Buffett and Charlie Munger, has been busy of late.

Ukraine War, Hypersonic Weapons, Markets, Week Ahead, Fed, Trading Salesforce

Ukraine War, Hypersonic Weapons, Markets, Week Ahead, Fed, Trading Salesforce

There should be no national priority greater than developing both defensive and offensive hypersonic technology.

There Is No Free Lunch

Rabobank and Bank of America think the Fed will blink in September when we are already in recession.  All I can say is that would leave inflation far above target and compound their policy error(s) and contradict Powell's pledge to do what Volcker d...

Naked... Longs

To make it clear I have sold , , , , , and . Note: Yesterday I sold out my tech trading long rentals near the close of trading and on the ramp - that includes ,  and .

My Positions

Since I have been trading aggressively it's probably hard to follow - see my next post which chronicles the last two days of trading! So, in the interest in transparency, here is a list of positions I have mentioned in my Diary that I am either long...

On Catching Falling Knives and Covering Collapsing Shorts

* Slowly for now... and then all at once? Monday's action was the worst since I was a six handicap (in golf): Mar 07, 2022 ' 05:01 PM EST DOUG KASS It Was Brutal and Broad Today's market decline was brutal and broad based. More early tomorrow mornin...

Citigroup Turned Out to Be a Value Trap

* With investors shifting away from Citigroup, the shares of , and may benefit * Despite my previous bank stock bearishness, the share prices of WFC, BAC and JPM have moved into my buy levels -- in a relatively brief period of time With the benefit ...

Bank Stocks

As most are aware I have been negative - and sporadically short - the large money center banks over the last 2-3 months.  Here was my short thesis, The Period of Bank Outperformance May Now Be Coming to an End, from mid -January. Prices have now dro...

Lower Prices Are the Friend of the Rational Buyer

* I am very light in exposure and I am seeing some developing opportunities * Starting small and buying on a scale lower * These are all trading long rentals... for now!   Here are my trades in the premarket here on Monday morning:   * Advanced Micr...

My Longs

Here are my previously mentioned longs: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and .

I Am Buying at the Sound of Cannons

"Buy on the sound of cannons, sell on the sound of trumpets." - Nathan Rothschild   I am now very actively trading so I will make this short and sweet as I have a primary responsibility to Seabreeze Capital Partners LP, my hedge fund.   I am coming ...

I Bought and Covered At The Sound of Cannons Thursday Afternoon

* It is time for action, not inaction * Volatility brings opportunity   I was very active Thursday afternoon:   Short Covers - Robinhood , Royal Caribbean , Carnival , Morgan Stanley , C3.ai , Bank of America (partial), Wells Fargo (partial), Delta ...

Bank Shorts

I have been aggressively shorting banks.   I am taking in half of my short positions in and now.

Fashion Site Shein Looks Ready to Lead Chinese Return to Wall Street

Fashion Site Shein Looks Ready to Lead Chinese Return to Wall Street

The fast-fashion e-commerce operator is extending new roots into Singapore as Chinese companies try to work around restrictions on overseas listings.

Banks

I have sold my Citigroup long and covered the calls against it.  I plan to buy back on weakness.  Adding to and shorts, and further reducing now.

Premarket Trades

Here are my trades - all small-sized except the SPY sale - from the premarket this morning:  * Sold some of my long at $444.27. * Sold some of my long at $154.54. * Shorted at $48.31. * Shorted at $59.07. * Sold some of my long at $93.25 and some IW...

Premarket Trades

In premarket trading I also sold some JPMorgan Chase , and . I also shorted Bank of America and Wells Fargo .

I'm Net Short Banks

I am back short ($47.75) and ($58.02). Here is my thesis.

Whassup With Financials?

I plan to cover my bank shorts today on weakness. I am long Citigroup and JPMorgan Chase . I am short Bank of America and Wells Fargo . Speaking of financials, if Blackstone and KKR are not much lower, I plan to add to those shorts.

Several Moves

- I am shorting (again) against my and longs. Here is my mid-January thesis. - Yesterday I sold some of my at $3110.   I am buying SOME of the stock back at $2815 now - that's $295 lower than Wednesday morning!  It is a low confidence buy in front o...

2 Moves

I covered my short for a small loss. I am taking in my short for a beaner profit.

In a Difficult Investing Year, Bank of America Has the Wind at Its Back

In a Difficult Investing Year, Bank of America Has the Wind at Its Back

It's probably no coincidence that BAC is Berkshire Hathaway's second-largest position behind Apple.

3 Canadian Stocks With Higher Dividend Yields Than Their U.S. Counterparts

3 Canadian Stocks With Higher Dividend Yields Than Their U.S. Counterparts

Sometimes it pays to look north of the border for companies with great dividends.