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BANK OF AMERICA CORPORATIONBANK OF AMERICA CORPORATIONBANK OF AMERICA CORPORATION

BANK OF AMERICA CORPORATION

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BAC trade ideas

Bank of America (BAC) A great potential for the mid-term Bank of America is one of the largest banks in the United States, with more than 4,000 branches and 16,000 ATMs located across the country. In 2008-2009, the bank was among the many banks that required a government bailout during the financial crisis. Despite these controversies, Bank of America remains a major force in the banking industry and continues to be a trusted financial institution for millions of customers. ⛓Technical analysis We may see a drop of up to 5% in the coming weeks before the recovery that should take place in the first 2 quarters of the year. Trade safe!
NYSE:BACLong
by pridefulDove59918
Bank of America (BAC) bullish scenario:The technical figure Triangle can be found in the daily chart in the US company The Bank of America Corporation (BAC). The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. The Triangle broke through the resistance line on 26/01/2023. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 12 days towards 36.20 USD. Your stop-loss order, according to experts, should be placed at 36.30 USD if you decide to enter this position. The bank's net interest income jumped 29% year over year to $14.7 billion in the fourth quarter. Looking ahead, the company estimates that a 1-percentage-point increase in rates would boost its net interest income by an additional $3.8 billion over the next year. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals and cannot be held liable nor guarantee any profits or losses.
NYSE:BACLong
by legacyFXofficial
BAC | A Good Entry Point | BounceBank 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. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
NYSE:BACLong
by DivergenceSeeker
Bank of America's profit faltered by 14% in 2022Another big bank that reported its earnings on the past Friday is Bank of America. The bank generated $27.5 billion in net profit and $95 billion in revenue for the full-year 2022. Its net income decreased by 14%, and revenue rose by 6.6%. The net interest income jumped by 22%, and the noninterest income dropped by 8%. The Consumer Banking segment added over 1 million checking accounts and reached a record of 3.5 million consumer investment accounts. At the same time, it experienced net inflows from clients worth $28 billion and a jump in digital sales by 22% versus 2021. The Global Banking division experienced a 38% increase in revenue and saw a growth in average loans and leases of 14%. BofA’s Global Wealth and Investment Management segment gained more than 119 000 accounts and saw $87 billion in client inflows for the entire year. More importantly, it is on a streak of 51 consecutive quarters of average loan and lease growth. The Global Markets division saw the highest revenue and sales since 2010. In addition to that, its average loans grew by 28% year over year. Illustration 1.01 Illustration 1.01 shows the daily chart of Bank of America stock, which declined more than 26% in 2022. 2022 (full-year) vs. 2021 (full-year) Net income = $27.5 billion (vs. $32 billion in 2021; -14% YoY) Net interest income = $52.4 billion (vs. $42.9 billion in 2021; +22% YoY) Noninterest income = $42.5 billion (vs. $46.2 billion in 2021; -8% YoY) Revenue = $95 billion (vs. $89.1 billion in 2021; +6.6% YoY) Noninterest expenses = $61.4 billion (vs. $59.7 billion in 2021; +2.8% YoY) Provision for credit losses = $2.5 billion (vs. $-4.6 billion in 2021) 4Q 2022 vs. 4Q 2021 (year over year) Net income 4Q22 = $7.1 billion (vs. $7 billion in 4Q21; +1.4% YoY) Net revenue 4Q22 = $24.5 billion (vs. $22 billion in 4Q21; +11%. YoY) Net interest income 4Q22 = $14.7 billion (+48% YoY) Noninterest income 4Q22 = $9.8 billion (-8% YoY) Noninterest expenses 4Q22 = $15.5 billion ( +6% YoY) Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NYSE:BAC
by Tradersweekly
12
BAC - Price Targets & Stop Loss📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red = Stop Loss 🟢 Green = 1.2:1 Risk Reward Ratio 🟡 Yellow = 1.5:1 Risk Reward Ratio 🔵 Blue = 2:1 Risk Reward Ratio 👀 So what are we looking at today…!!! 🚨( BAC ) 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. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
NYSE:BACLong
by sststrategy
Bank earnings start next FridayBank earnings start on Friday 1/13 next week. Here's a 4hr ext chart comparison, with the tickerTracker MFI Oscillator set to 20, color coordinated with these 7 financial tickers reporting earnings next Friday. Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum BBMC - bollinger bands TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NYSE:BAC
by Options360
2
Banks gonna run? Why?Lets start with the establish trend, we have a lower high showing opportunity to continue to open up 2023. If you look closely you will see that we have a bullish hidden divergence. But does it have enough strength to blast through the Bullish line. If it does I can see it starting to fill those imbalance candles and attempt to make a higher high above 38.60. If the selling pressure pushes, I can see it hold my 31.48 bearish level. This slight reangle of the uptrend will make things interesting if the trend rides the line for over 10 days then break. 2023 opening could be a path to cheaper puts for the rest of the year. We will see.
NYSE:BACLong
by JDTheGreat
BAC, 10d+/-29.9%falling cycle -29.9% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NYSE:BACShort
by Tonyder
BANK OF AMERICA One last low and off to the races?Bank of America (BAC) got heavily rejected in early November on its 1W MA50 (blue trend-line) and hasn't recovered since, staying for the whole December below even the 1W MA200 (orange trend-line). This is not the first time we see such price action from Bank of America. As you see on this chart, ever since the November 2011 Low, the stock has been trading within a Fibonacci Channel, with the extensions serving as very accurate Resistance and Support levels. We have seen 1W MA50 rejections after strong corrections in April 2016 and June 2020. Each of those times, the price hit the Buy Zone (green) before rebounding to a Higher High, while the RSI on the 1M time-frame hit the 38.80 Support. The 1M MA100 (red trend-line), which on March 2020 provided Support, is currently exactly at the top of the 10 year Buy Zone. As a result, BAC is a buy opportunity, either on the next Low, or if it doesn't make and rebound earlier, if we close a month above the 1W MA50. As far as a long-term target is concerned, the first Higher High on the Fibonacci scale was made on Fib 2.0 (March 2014), the second on Fib 4.0 (March 2018) and the third on Fib 6.0 (January 2022). Investors could hold, based on this sequence, until the 8.0 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:BAC
by TradingShot
1
Bank of America Corporation Multi Year Correction Targets 23/25 Bank of America Corporation (BAC) grew through Covid as must banks did. After an impulse comes a correction. - The bullish wave is shown here as an EW 12345 Impulse. - Long-term EW ABC correction now taking place. POTENTIAL TARGET/SUPPORT ZONE The low can be set at 23-35. At or below the 0.786 Fib. retracement level for the previous bullish wave. CONDITIONS FOR CHANGE Closing above 38.6 changes the chart bias. It changes from bearish to bullish potential. After the correction its over it tends to reverse. Namaste.
NYSE:BACShort
by AlanSantana
1
BAC | Time to Short | Bearish DivergenceBank 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. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
NYSE:BACShort
by DivergenceSeeker
BAC OutlookFor my own educational purposes. Not to be used as financial advice. 1Y Being held under 200EMA with decreasing volume. RSI - Is in overbought territory, bearish. MFI - Is in a downtrend, showing bearish sentiment. 5Y Volume is still decreasing, meaning it is bearish. RSI - Is in a downtrend, bearish. MFI - In in an uptrend, bullish. *note that this uptrend was from the drop in March when everything went down. This would just be a correction, possibly a dead cat bounce All-Timeline Volume is slightly higher, bullish. RSI - Is in oversold, bullish. MFI - Is in a downtrend, bearish. This could give off mixed signals, but when we take into account the state of the market and the economy, I feel the bearish signals are stronger. I feel we are in for more downside.
NYSE:BACShort
by Kyo026