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Analysis
Bank of America Corporation (BAC)
Bank of America Corporation (BAC)
Ranking:
Sell
Implies negative momentum
Stock Name: Bank of America Corporation
Symbol: BAC
Market Cap: $358.71B
Industry: Banks - Diversified
Sector: Financial Services
Website: https://www.bankofamerica.com
About Bank of America Corporation

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans Please visit their website for more information.

Overview:
Last Close: $46.75
52 Week: $28.73-$46.75
MVA50: 42.22
MVA200: 38.61
RSI: 71.60
Buy/Sell*: 65.85
1-Month change: 14.52%
3-Month change: 11.63%
*Proprietary Buy Sell Volume Indicator
Price Chart For BAC
Financial Parameters Most Recent Quarter: (2024-Q3),2024-09-30
Revenue: $11.38B
Revenue Growth (YOY): -52.46%
Profit (% of Rev): -10.91%
Income (% of Rev): 60.61%
Income Growth (YOY): -11.61%
Operating Income: $-2468M
Operating Cash Flow: $-37276M
Operating Cash Flow Growth (YoY): -416.65%
Annual Dividend Yield: 0.80%
Total Assets: $3.32T
Total Liabilities: $3.03T
Cash & Equivalent: $24.85B
Total Debt: $335.37B
Debt/Equity: 1.13
Quick Ratio: 6.24
Current Ratio: 6.24
Price/Book: 1.05
Price/Earnings: 11.25
EBITDA: $-2468M
EPS: 0.82
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Sell.

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