Want Decades of Passive Income? 3 Stocks to Buy Right Now.
Bank of America (BAC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The Bank of Canada (BoC) is likely to cut interest rates in December by 25 basis points after headline inflation for October came in at 2%, analysts at the Bank of America Corp (NYSE:BAC) believe. Analysts see just a 25 basis point cut in December instead of another 50 basis point decrease as inflation rose month-over-month from 1.6% in September, driven by higher gas prices.
Though some third-quarter stock market moves of ‘The Oracle of Omaha' Warren Buffett, have been known for months, and others – like Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) stock sales – drew much attention, the latest 13-f filing provided the fullest picture to date.
Bank of America's stock (NYSE: BAC) has gained about 42% year-to-date, compared to the 25% rise in the S&P500 index over the same period. Bank of America's peer Wells Fargo (NYSE: WFC) is up by an even stronger 54% YTD.
In the latest trading session, Bank of America (BAC) closed at $46.72, marking a -0.06% move from the previous day.
Bridgewater Associates added shares of big banks to its portfolio in the third quarter, securities filings showed, ahead of a rally that followed Donald Trump's victory in the U.S. presidential election.
Bank of America (BAC) reported earnings 30 days ago. What's next for the stock?
BAC remains well-poised for growth, given the rate cuts, solid loans, deposits and expansion efforts. Yet, muted IB and trading revenues remain woes.
Key Points Large Cap financials underperformed for much of the last two years The biggest banks also have strong brokerage units Investors looking to add quality banking names may want to enlist the help of an experienced financial advisor.
At the Yahoo Finance Invest conference, Bank of America (BAC) Chairman and CEO Brian Moynihan tells Yahoo Finance executive editor Brian Sozzi the banking industry has shown “resiliency” following the regional banking crisis and would welcome changes to regulation. “I think our job as an industry is to make sure that we do it in a way that is fair in all aspects.
Bank of America CEO Brian Moynihan said on Tuesday he expected President-elect Donald Trump's incoming administration to tackle the U.S. budget.