Bank of America Corp (BAC)

26.11
NYSE
Prev Close 25.47
Day Low/High 25.26 / 26.19
52 Wk Low/High 17.95 / 35.72
Exchange NYSE
Shares Outstanding 8664.10B
Market Cap 220.67B
P/E Ratio 12.27
Div & Yield N.A. (N.A)
Divining Earnings, Stunning Rebound, Trading Amazon

Divining Earnings, Stunning Rebound, Trading Amazon

Are the markets ready for a pause in this dramatic rebound? We are several weeks behind Europe in battling this pandemic and U.S. numbers are far worse. Time will tell.

We're Not Putting Stock in the Economy ... We're Putting It in the Fed

We're Not Putting Stock in the Economy ... We're Putting It in the Fed

The market has turned a blind eye to the economic challenges that lie ahead as the focus is on the government's massive creation of liquidity.

Bank of America Could Pull Back and Broaden Its Base Formation

Bank of America Could Pull Back and Broaden Its Base Formation

We check out what the charts of the banking giant are telling us ahead of earnings on Wednesday.

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 t...

Jim Cramer: What Stands Out Now? There's an Appetite for Risky Debt

Jim Cramer: What Stands Out Now? There's an Appetite for Risky Debt

It could make the difference if the debt and equity markets remained thawed after a brief period of freezing.

The Demand and Risks for Loans Under the Paycheck Protection Program

The Demand and Risks for Loans Under the Paycheck Protection Program

Don't get me wrong, something is better than nothing, however, PPP, as large as the numbers sound, won't make a difference if businesses aren't operating again within six weeks.

Is Now a Good Time to Buy Banks for the Long Run?

Is Now a Good Time to Buy Banks for the Long Run?

Given the current price pattern in the banks, I see no reason to rush to buy them at this point.

A Trio of Financials That Could Provide Unusual Long Term Value

* Morgan Stanley, Goldman Sachs and Wells Fargo are on deck this morning * Will 2021 mark a renaissance for investment banking and for investment bankers MS and GS? * There is an opportunity today to become a "partner" in Morgan Stanley and/or Goldm...

Less Pontification, More Bottom-Up Ideas

* Will be forthcoming... At all times, but particularly during a crisis, circulating bottom-up investment ideas is of paramount importance. Don't get me wrong, a market view is very important - and so is the analytical discussion surrounding that ma...

I Remain Aggressively Long Money Center Banks

* On Monday I analyzed/stress tested BAC (my second favorite bank stock on reward vs. risk basis) * Today I look at revised EPS and price target models for JPM and C (my current favorite bank stock) * I continued to add to my money center bank holdi...

PENN Sold, Adding to 5 Others

I sold out my trading long rental on Penn Gaming  based on the announcement of a refinancing. More later. I added to , , , and this morning.

Bank of America and the Large Money Center Banks Represent Unusual Intermediate Term Value

* Over the weekend I "stress tested" Bank of America's earning projections (and that of the other money center banks) * The Covid-19 inspired recession will result in only about a 5-6 quarter long push back of normalized EPS for BAC * Though earning...

Adding to 4 Stocks

I added to , , , and this morning.

After a 3-Day Move Higher, I Think the Market Is Back to Being Overvalued

After a 3-Day Move Higher, I Think the Market Is Back to Being Overvalued

Yes, the stimulus that now seems sure to pass Congress and receive the president's signature will be beneficial for the U.S. economy.

I See a Smorgasbord of Possible 'Generational' Opportunities: Constructing an Investment Portfolio for the Next 1-3 Years

* Before you read this opening missive be sure you understand your risk appetite and profile as well as your time frame * I see a possible "generational" investment opportunity developing and I am now even more aggressively buying for the intermedia...

Market Friendly Developments?

* Ns over Ss! * The lingering impact of COVID-19 on our behavior helps to explain my large long investments in Google, Amazon and Twitter * Banks were the problem in the last recession, they will be part of the solution over the next few years I am ...

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

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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" - ...