Does Bank of America (BAC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Bank of America (BAC -0.77%) stock had quite a good 2024, cruising more than 30% higher in price to notch a convincing beat over the bellwether S&P 500 index. There are more prosperous times in store for the ubiquitous bank, if a recent and bullish analyst take proves to be accurate.
Ignore Warren Buffett's recent sale of Bank of America stock; technicals are bullish, and the stock is undervalued based on P/E and P/B ratios. BofA's chart shows a strong uptrend with multiple support levels and minimal resistance, indicating further gains are likely. Moving averages and Bollinger Bands confirm long-term strength and bullish momentum, despite mixed signals from MACD and stochastics.
Banks such as JPMorgan, Citi, and Goldman Sachs started the earnings season off on a positive note when all beat expectations on the top and bottom lines. The pre-peak Late Earnings Report Index fell to its lowest level in a year, signaling corporations are feeling more certain about growth prospects as they start 2025. Q4 S&P 500 EPS growth is expected to come in at 12.5%, the highest growth rate in three years.
Bank of America CEO Brian Moynihan discusses the current investment environment and his future at the banking giant. Moynihan speaks on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland.
At the 2025 World Economic Forum in Davos, Switzerland, Bank of America (BAC) CEO Brian Moynihan sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss President Donald Trump's return to the White House and what it means for Bank of America and its clients. Moynihan highlights that Bank of America's business customers are broadly optimistic about Trump 2.0.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was asked by CNBC's Andrew Ross Sorkin about how the industry's approach to crypto could change given President Donald Trump's enthusiasm for digital currencies.
Bank of America CEO Brian Moynihan joins 'Squawk Box' to discuss the state of the banking industry, what to expect under the new Trump administration, future of community banks, M&A outlook, future of crypto, state of the economy, global investing landscape, and more.
Bank of America CEO Brian Moynihan said that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was asked by CNBC's Andrew Ross Sorkin about how the industry's approach to crypto could change given President Donald Trump's enthusiasm for digital currencies.
For investors seeking income and the potential for long-term growth, dividend-paying stocks coupled with share buyback programs can offer an attractive combination. Dividends provide a regular income stream, while buybacks can enhance shareholder value by reducing the number of outstanding shares and boosting earnings per share (EPS).
Bank of America's stock (NYSE: BAC) posted a better-than-expected set of Q4 2024 earnings, led by stronger investment banking business and higher net interest income. Net profits more than doubled year-over-year to $6.67 billion, or $0.82 per share, while revenues were up 15% to $25.5 billion.