BAC-PD Stock Today

Stocks . USA . 
Stock . BANK OF AMERICA
Equity ratings for BANK OF AMERICA are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of February 2023 and ending today, the 26th of March 2023. Please note, there could be an existing legal relationship between BANK OF AMERICA (BAC-PD) and Bank Of America (BAC). Click here to learn more.
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BANK OF AMERICA Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. BANK OF AMERICA's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding BANK OF AMERICA or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Related EntityBAC (Bank Of America)
Fama & French Classification
BANK OF AMERICA
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Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of BANK OF AMERICA's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedUndervalued
BANK OF AMERICA (BAC-PD) is traded on New York Stock Exchange in USA and employs 208,000 people. The company currently falls under 'Mega-Cap' category with a current market capitalization of 309.79 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate BANK OF AMERICA's market, we take the total number of its shares issued and multiply it by BANK OF AMERICA's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. BANK OF AMERICA has 9.88 B outstanding shares of which 308.91 K shares are currently shorted by private and institutional investors with about 4.13 days to cover all short positions. BANK OF AMERICA has accumulated about 579.08 B in cash with 63.75 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 57.11.
Check BANK OF AMERICA Probability Of Bankruptcy

BAC-PD Stock Against Markets

Picking the right benchmark for BANK OF AMERICA stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in BANK OF AMERICA stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for BANK OF AMERICA is critical whether you are bullish or bearish towards BANK OF AMERICA at a given time.
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BANK OF AMERICA Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with BANK OF AMERICA stock to make a market-neutral strategy. Peer analysis of BANK OF AMERICA could also be used in its relative valuation, which is a method of valuing BANK OF AMERICA by comparing valuation metrics with similar companies.
Anheuser Busch InbevKaruna TherapeuticsRadNet IncBioNTech SEDyne TherapeuticsIncRafael HoldingsCompania CerveceriasAmerican AirlinesAlcoa CorpApple IncBest BuyCitigroupSentinelOneCVS Health CorpChevron Corp
 Risk & Return  Correlation

How to buy BAC-PD Stock?

Before investing in BANK OF AMERICA, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in BANK OF AMERICA. To buy BANK OF AMERICA stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of BANK OF AMERICA. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase BANK OF AMERICA stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located BANK OF AMERICA stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased BANK OF AMERICA stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as BANK OF AMERICA, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in BANK OF AMERICA?

The danger of trading BANK OF AMERICA is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of BANK OF AMERICA is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than BANK OF AMERICA. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile BANK OF AMERICA is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Other Tools for BAC-PD Stock

When running BANK OF AMERICA price analysis, check to measure BANK OF AMERICA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy BANK OF AMERICA is operating at the current time. Most of BANK OF AMERICA's value examination focuses on studying past and present price action to predict the probability of BANK OF AMERICA's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BANK OF AMERICA's price. Additionally, you may evaluate how the addition of BANK OF AMERICA to your portfolios can decrease your overall portfolio volatility.
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