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BAC
Stock ticker:
NYSE
AS OF
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Capitalization
289.45B

BAC Price Prediction, Bank of America Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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BAC Trading results, last 6 months
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EST Dec 02, 2022

BAC in upward trend: price expected to rise as it breaks its lower Bollinger Band on December 02, 2022

BAC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 28 of 41 cases where BAC's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 68%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BAC advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 241 cases where BAC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for BAC moved out of overbought territory on November 14, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 61 cases where BAC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on December 01, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on BAC as a result. In of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BAC turned negative on November 17, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BAC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. BAC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.204) is normal, around the industry mean (0.958). P/E Ratio (11.416) is within average values for comparable stocks, (18.099). BAC's Projected Growth (PEG Ratio) (96.188) is very high in comparison to the industry average of (4.225). BAC has a moderately low Dividend Yield (0.024) as compared to the industry average of (0.053). P/S Ratio (3.185) is also within normal values, averaging (2.538).

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published price charts
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A.I. Advisor
published Earnings

BAC is expected to report earnings to rise 5.52% to 85 cents per share on January 13

Bank of America Corp BAC Stock Earnings Reports
Q4'22
Est.
$0.85
Q3'22
Beat
by $0.03
Q2'22
Missed
by $0.02
Q1'22
Beat
by $0.05
Q4'21
Beat
by $0.05
The last earnings report on October 17 showed earnings per share of 81 cents, beating the estimate of 77 cents. With 24.82M shares outstanding, the current market capitalization sits at 289.45B.
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A.I.Advisor
published Dividends

BAC is expected to pay dividends on December 30, 2022

Bank of America Corp BAC Stock Dividends
A dividend of $0.22 per share will be paid with a record date of December 30, 2022, and an ex-dividend date of December 01, 2022. The last dividend of $0.22 was paid on September 30. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).

Industry description

Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.

Market Cap

The average market capitalization across the Major Banks Industry is 72.01B. The market cap for tickers in the group ranges from 191.41M to 396.45B. JPM holds the highest valuation in this group at 396.45B. The lowest valued company is MSL at 191.41M.

High and low price notable news

The average weekly price growth across all stocks in the Major Banks Industry was 1%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was -4%. ABMRF experienced the highest price growth at 22%, while CM experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was 125%. For the same stocks of the Industry, the average monthly volume growth was -6% and the average quarterly volume growth was 26%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 39
P/E Growth Rating: 50
Price Growth Rating: 52
SMR Rating: 12
Profit Risk Rating: 81
Seasonality Score: 38 (-100 ... +100)
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published General Information

General Information

a major bank

Industry MajorBanks

Profile
Fundamentals
Details
Industry
Major Banks
Address
100 North Tryon Street
Phone
+1 704 386-5681
Employees
208000
Web
https://www.bankofamerica.com
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BAC and

Correlation & Price change

A.I.dvisor indicates that over the last year, BAC has been closely correlated with JPM. These tickers have moved in lockstep 91% of the time. This A.I.-generated data suggests there is a high statistical probability that if BAC jumps, then JPM could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BAC
1D Price
Change %
BAC100%
-4.52%
JPM - BAC
91%
Closely correlated
-2.76%
WFC - BAC
87%
Closely correlated
-4.92%
C - BAC
83%
Closely correlated
-3.43%
EWBC - BAC
78%
Closely correlated
-7.06%
BMO - BAC
73%
Closely correlated
-1.98%
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