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BAC
Stock ticker:
NYSE
AS OF
Aug 17 closing price
Price
$36.42
Change
-$0.23 (-0.63%)
Capitalization
294.41B

BAC Bank of America Corp Forecast, Technical & Fundamental Analysis

a major bank
Industry MajorBanks
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Aug 16, 2022

Momentum Indicator for BAC turns positive, indicating new upward trend

BAC saw its Momentum Indicator move above the 0 level on August 09, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 80 similar instances where the indicator turned positive. In 54 of the 80 cases, the stock moved higher in the following days. The odds of a move higher are at 68%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

BAC moved above its 50-day moving average on August 03, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BAC crossed bullishly above the 50-day moving average on August 01, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BAC advanced for three days, in of 318 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 268 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 RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

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 .

BAC broke above its upper Bollinger Band on August 10, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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 low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent 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 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 (1.227) is normal, around the industry mean (0.974). P/E Ratio (11.455) is within average values for comparable stocks, (18.064). BAC's Projected Growth (PEG Ratio) (115.220) is very high in comparison to the industry average of (4.652). BAC has a moderately low Dividend Yield (0.023) as compared to the industry average of (0.054). P/S Ratio (3.336) is also within normal values, averaging (2.711).

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BAC
Buy/Sell Ratings
 
 
Technical Analysis# Of IndicatorsAvg. Odds
   
   
 
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published Earnings

BAC is expected to report earnings to rise 9.81% to 80 cents per share on October 17

Bank of America Corp BAC Stock Earnings Reports
Q3'22
Est.
$0.80
Q2'22
Missed
by $0.02
Q1'22
Beat
by $0.05
Q4'21
Beat
by $0.05
Q3'21
Beat
by $0.14
The last earnings report on July 18 showed earnings per share of 73 cents, missing the estimate of 74 cents. With 8.59M shares outstanding, the current market capitalization sits at 294.41B.
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published Dividends

BAC paid dividends on June 24, 2022

Bank of America Corp BAC Stock Dividends
А dividend of $0.21 per share was paid with a record date of June 24, 2022, and an ex-dividend date of June 02, 2022. Read more...
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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 90% 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%
+1.08%
JPM - BAC
90%
Closely correlated
+0.96%
C - BAC
82%
Closely correlated
+0.20%
WFC - BAC
82%
Closely correlated
+0.68%
EWBC - BAC
78%
Closely correlated
+1.35%
BCS - BAC
71%
Closely correlated
-0.94%
More