Overall market sentiment has been high on Bank of America Corp (BAC) stock lately. BAC receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
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 is lower by -3.42% while the S&P 500 is higher by 0.94% as of 1:13 PM on Thursday, Apr 15. BAC is lower by -$1.37 from the previous closing price of $39.88 on volume of 75,305,876 shares. Over the past year the S&P 500 is higher by 46.29% while BAC is higher by 62.33%. BAC earned $1.87 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 20.54.
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More About Bank of America Corp
Bank of America 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 Score Report on Bank of America Corp (BAC) Stock.
