Do Traders Think Bank of America Corp (BAC) Can Keep Climbing Tuesday?

The market has been down on Bank of America Corp (BAC) stock recently. BAC gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Bank of America Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BAC!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With BAC Stock Today?

Bank of America Corp (BAC) stock has risen 0.69% while the S&P 500 is down -0.44% as of 10:20 AM on Tuesday, Aug 9. BAC is up $0.23 from the previous closing price of $33.49 on volume of 4,601,767 shares. Over the past year the S&P 500 is down -7.00% while BAC is down -17.09%. BAC earned $3.21 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.48.

More About Bank of America Corp

Bank of America Corp is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries. Click Here to get the full Stock Report for Bank of America Corp stock.