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Bank of America Corporation
Buy, Hold or Sell?

Let's analyse Bank of America Corporation together

PenkeI guess you are interested in Bank of America Corporation. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Bank of America Corporation. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Bank of America Corporation (30 sec.)










What can you expect buying and holding a share of Bank of America Corporation? (30 sec.)

How much money do you get?

How much money do you get?
‚ā¨1.17
When do you have the money?
1 year
How often do you get paid?
100.0%

What is your share worth?

Current worth
‚ā¨34.84
Expected worth in 1 year
‚ā¨36.87
How sure are you?
94.4%

+ What do you gain per year?

Total Gains per Share
‚ā¨3.12
Return On Investment
8.5%

For what price can you sell your share?

Current Price per Share
‚ā¨36.66
Expected price per share
‚ā¨32.43 - ‚ā¨36.67
How sure are you?
50%

1. Valuation of Bank of America Corporation (5 min.)




Live pricePrice per Share (EOD)

‚ā¨36.66

Intrinsic Value Per Share

‚ā¨199.15 - ‚ā¨238.78

Total Value Per Share

‚ā¨233.99 - ‚ā¨273.62

2. Growth of Bank of America Corporation (5 min.)




Is Bank of America Corporation growing?

Current yearPrevious yearGrowGrow %
How rich?$293.5b$273b$15.8b5.5%

How much money is Bank of America Corporation making?

Current yearPrevious yearGrowGrow %
Making money$6.2b$7.1b-$898.5m-14.4%
Net Profit Margin25.1%29.1%--

How much money comes from the company's main activities?

3. Financial Health of Bank of America Corporation (5 min.)




4. Comparing to competitors in the Other industry (5 min.)




  Industry Rankings (Other)  


Richest
#1 / 394

Most Revenue
#11 / 394

Most Profit
#4 / 394

What can you expect buying and holding a share of Bank of America Corporation? (5 min.)

Welcome investor! Bank of America Corporation's management wants to use your money to grow the business. In return you get a share of Bank of America Corporation.

What can you expect buying and holding a share of Bank of America Corporation?

First you should know what it really means to hold a share of Bank of America Corporation. And how you can make/lose money.

Speculation

The Price per Share of Bank of America Corporation is ‚ā¨36.66. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Bank of America Corporation.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Bank of America Corporation, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ‚ā¨34.84. Based on the TTM, the Book Value Change Per Share is ‚ā¨0.51 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨0.48 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ‚ā¨0.27 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Bank of America Corporation.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps0.852.3%0.792.2%0.892.4%0.712.0%0.681.9%
Usd Book Value Change Per Share0.381.0%0.541.5%0.521.4%2.075.7%2.075.7%
Usd Dividend Per Share0.320.9%0.290.8%0.270.7%0.260.7%0.260.7%
Usd Total Gains Per Share0.701.9%0.832.3%0.792.2%2.336.4%2.336.4%
Usd Price Per Share37.27-31.56-31.64-31.50-31.24-
Price to Earnings Ratio10.98-11.56-8.98-9.54-9.08-
Price-to-Total Gains Ratio53.49-38.85-49.48-15.02-15.02-
Price to Book Ratio1.00-0.86-0.93-0.86-0.82-
Price-to-Total Gains Ratio53.49-38.85-49.48-15.02-15.02-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share39.259194
Number of shares25
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.290.26
Usd Book Value Change Per Share0.542.07
Usd Total Gains Per Share0.832.33
Gains per Quarter (25 shares)20.8758.22
Gains per Year (25 shares)83.49232.86
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
129547326207223
25910815651415456
38816323977622689
4117217322102829922
514627140512810371155
617632548815312441388
720538057117914511621
823443465420416581854
926348873723018662087
1029354282025620732320

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%
Book Value Change Per Share4.00.00.0100.0%11.01.00.091.7%17.01.00.094.4%17.01.00.094.4%17.01.00.094.4%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%18.00.00.0100.0%
Total Gains per Share4.00.00.0100.0%11.01.00.091.7%17.01.00.094.4%17.01.00.094.4%17.01.00.094.4%

Fundamentals of Bank of America Corporation

About Bank of America Corporation

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Fundamental data was last updated by Penke on 2024-06-01 06:52:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Bank of America Corporation.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Bank of America Corporation earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare¬†Bank of America Corporation to the¬†Other industry mean.
  • A Net Profit Margin of 25.9%¬†means that¬†€0.26 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Bank of America Corporation:

  • The MRQ is 25.9%. The company is making a huge profit. +2
  • The TTM is 25.1%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ25.9%TTM25.1%+0.7%
TTM25.1%YOY29.1%-4.0%
TTM25.1%5Y28.2%-3.1%
5Y28.2%10Y28.4%-0.2%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ25.9%5.6%+20.3%
TTM25.1%5.0%+20.1%
YOY29.1%6.0%+23.1%
5Y28.2%6.0%+22.2%
10Y28.4%6.1%+22.3%
1.1.2. Return on Assets

Shows how efficient Bank of America Corporation is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Bank of America Corporation to the¬†Other industry mean.
  • 0.2% Return on Assets means that¬†Bank of America Corporation generated¬†€0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Bank of America Corporation:

  • The MRQ is 0.2%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.2%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.2%+0.0%
TTM0.2%YOY0.2%0.0%
TTM0.2%5Y0.2%0.0%
5Y0.2%10Y0.2%0.0%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2%1.1%-0.9%
TTM0.2%1.0%-0.8%
YOY0.2%1.5%-1.3%
5Y0.2%1.1%-0.9%
10Y0.2%1.3%-1.1%
1.1.3. Return on Equity

Shows how efficient Bank of America Corporation is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Bank of America Corporation to the¬†Other industry mean.
  • 2.3% Return on Equity means Bank of America Corporation generated €0.02¬†for each¬†€1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Bank of America Corporation:

  • The MRQ is 2.3%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 2.2%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ2.3%TTM2.2%+0.1%
TTM2.2%YOY2.6%-0.4%
TTM2.2%5Y2.4%-0.2%
5Y2.4%10Y2.4%0.0%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3%3.4%-1.1%
TTM2.2%3.2%-1.0%
YOY2.6%4.7%-2.1%
5Y2.4%3.7%-1.3%
10Y2.4%3.7%-1.3%

1.2. Operating Efficiency of Bank of America Corporation.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Bank of America Corporation is operating .

  • Measures how much profit Bank of America Corporation makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Bank of America Corporation to the¬†Other industry mean.
  • An Operating Margin of 0.0%¬†means the company generated €0.00 ¬†for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Bank of America Corporation:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-0.0%
5Y-10Y-0.0%
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-9.6%-9.6%
TTM-9.6%-9.6%
YOY-8.7%-8.7%
5Y-5.7%-5.7%
10Y-7.1%-7.1%
1.2.2. Operating Ratio

Measures how efficient Bank of America Corporation is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Other industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are €0.00 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Bank of America Corporation:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.227-1.227
TTM-1.253-1.253
YOY-1.242-1.242
5Y-1.258-1.258
10Y-1.360-1.360

1.3. Liquidity of Bank of America Corporation.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Bank of America Corporation is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Other industry mean).
  • A Current Ratio of 0.00¬†means the company has €0.00 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Bank of America Corporation:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.411-1.411
TTM-1.515-1.515
YOY-1.541-1.541
5Y-1.538-1.538
10Y-1.493-1.493
1.3.2. Quick Ratio

Measures if Bank of America Corporation is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Bank of America Corporation to the¬†Other industry mean.
  • A Quick Ratio of 0.00¬†means the company can pay off €0.00 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Bank of America Corporation:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y-0.000
5Y-10Y-0.000
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.550-0.550
TTM-0.570-0.570
YOY-0.578-0.578
5Y-0.603-0.603
10Y-0.603-0.603

1.4. Solvency of Bank of America Corporation.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Bank of America Corporation assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Bank of America Corporation to Other industry mean.
  • A Debt to Asset Ratio of 0.91¬†means that Bank of America Corporation assets are¬†financed with 91.0% credit (debt) and the remaining percentage (100% - 91.0%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Bank of America Corporation:

  • The MRQ is 0.910. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.909. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.910TTM0.909+0.001
TTM0.909YOY0.912-0.003
TTM0.9095Y0.906+0.003
5Y0.90610Y0.905+0.001
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9100.531+0.379
TTM0.9090.527+0.382
YOY0.9120.560+0.352
5Y0.9060.562+0.344
10Y0.9050.569+0.336
1.4.2. Debt to Equity Ratio

Measures if Bank of America Corporation is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Bank of America Corporation to the¬†Other industry mean.
  • A Debt to Equity ratio of 1,015.2% means that company has €10.15 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Bank of America Corporation:

  • The MRQ is 10.152. The company is unable to pay all its debts with equity. -1
  • The TTM is 10.016. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ10.152TTM10.016+0.136
TTM10.016YOY10.384-0.368
TTM10.0165Y9.718+0.298
5Y9.71810Y9.632+0.086
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
MRQ10.1521.113+9.039
TTM10.0161.112+8.904
YOY10.3841.272+9.112
5Y9.7181.333+8.385
10Y9.6321.473+8.159

2. Market Valuation of Bank of America Corporation

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every €1 in earnings Bank of America Corporation generates.

  • Above 15 is considered overpriced but¬†always compare¬†Bank of America Corporation to the¬†Other industry mean.
  • A PE ratio of 10.98 means the investor is paying €10.98¬†for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Bank of America Corporation:

  • The EOD is 11.569. Based on the earnings, the company is underpriced. +1
  • The MRQ is 10.982. Based on the earnings, the company is underpriced. +1
  • The TTM is 11.560. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD11.569MRQ10.982+0.587
MRQ10.982TTM11.560-0.578
TTM11.560YOY8.977+2.584
TTM11.5605Y9.537+2.024
5Y9.53710Y9.083+0.454
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD11.56913.582-2.013
MRQ10.98211.135-0.153
TTM11.56010.480+1.080
YOY8.97711.329-2.352
5Y9.53711.709-2.172
10Y9.08312.634-3.551
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Bank of America Corporation:

  • The EOD is -4.969. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -4.717. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 1.682. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-4.969MRQ-4.717-0.252
MRQ-4.717TTM1.682-6.398
TTM1.682YOY-2.635+4.317
TTM1.6825Y-0.892+2.574
5Y-0.89210Y-0.850-0.042
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD-4.9695.586-10.555
MRQ-4.7175.190-9.907
TTM1.6824.831-3.149
YOY-2.6351.966-4.601
5Y-0.8922.318-3.210
10Y-0.8503.588-4.438
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Bank of America Corporation is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Other industry mean).
  • A PB ratio of 1.00 means the investor is paying €1.00¬†for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Bank of America Corporation:

  • The EOD is 1.052. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.999. Based on the equity, the company is cheap. +2
  • The TTM is 0.863. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.052MRQ0.999+0.053
MRQ0.999TTM0.863+0.136
TTM0.863YOY0.929-0.067
TTM0.8635Y0.861+0.002
5Y0.86110Y0.820+0.041
Compared to industry (Other)
PeriodCompanyIndustry (mean)+/- 
EOD1.0521.648-0.596
MRQ0.9991.273-0.274
TTM0.8631.304-0.441
YOY0.9291.387-0.458
5Y0.8611.516-0.655
10Y0.8201.635-0.815
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Bank of America Corporation compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share--0.3520.506-31%0.484-27%1.936-82%1.936-82%
Book Value Per Share--34.84534.108+2%31.840+9%28.031+24%26.696+31%
Current Ratio----0%-0%-0%-0%
Debt To Asset Ratio--0.9100.909+0%0.9120%0.906+0%0.905+1%
Debt To Equity Ratio--10.15210.016+1%10.384-2%9.718+4%9.632+5%
Dividend Per Share--0.2990.273+9%0.254+18%0.239+25%0.239+25%
Eps--0.7920.738+7%0.835-5%0.668+19%0.636+25%
Free Cash Flow Per Share---1.8441.199-254%0.810-328%0.704-362%0.704-362%
Free Cash Flow To Equity Per Share--6.3052.280+177%0.230+2646%4.947+27%4.947+27%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--238.778--------
Intrinsic Value_10Y_min--199.145--------
Intrinsic Value_1Y_max--5.759--------
Intrinsic Value_1Y_min--5.646--------
Intrinsic Value_3Y_max--31.149--------
Intrinsic Value_3Y_min--29.458--------
Intrinsic Value_5Y_max--73.233--------
Intrinsic Value_5Y_min--66.781--------
Market Cap--273767013360.000232995218308.105+17%236641507911.553+16%220652383645.895+24%210145127281.805+30%
Net Profit Margin--0.2590.251+3%0.291-11%0.282-8%0.284-9%
Operating Margin----0%-0%-0%-0%
Operating Ratio----0%-0%-0%-0%
Pb Ratio1.052+5%0.9990.863+16%0.929+7%0.861+16%0.820+22%
Pe Ratio11.569+5%10.98211.560-5%8.977+22%9.537+15%9.083+21%
Price Per Share36.660+5%34.80029.470+18%29.549+18%29.416+18%29.172+19%
Price To Free Cash Flow Ratio-4.969-5%-4.7171.682-380%-2.635-44%-0.892-81%-0.850-82%
Price To Total Gains Ratio56.348+5%53.48938.847+38%49.484+8%15.023+256%15.023+256%
Quick Ratio----0%-0%-0%-0%
Return On Assets--0.0020.002+4%0.002-11%0.002-9%0.002-10%
Return On Equity--0.0230.022+5%0.026-13%0.024-5%0.024-5%
Total Gains Per Share--0.6510.780-17%0.738-12%2.174-70%2.174-70%
Usd Book Value--293553884603.840288897104707.505+2%273010502716.175+8%274242560625.936+7%273898234605.853+7%
Usd Book Value Change Per Share--0.3770.542-31%0.519-27%2.073-82%2.073-82%
Usd Book Value Per Share--37.31536.527+2%34.097+9%30.018+24%28.589+31%
Usd Dividend Per Share--0.3200.293+9%0.272+18%0.256+25%0.256+25%
Usd Eps--0.8480.791+7%0.894-5%0.715+19%0.681+25%
Usd Free Cash Flow---15539099760.38010185815392.515-253%6950794623.815-324%5029632290.032-409%5509225845.193-382%
Usd Free Cash Flow Per Share---1.9751.284-254%0.867-328%0.754-362%0.754-362%
Usd Free Cash Flow To Equity Per Share--6.7522.442+177%0.246+2646%5.298+27%5.298+27%
Usd Market Cap--293177094607.224249514579286.150+17%253419390822.482+16%236296637646.389+24%225044416806.085+30%
Usd Price Per Share39.259+5%37.26731.559+18%31.644+18%31.501+18%31.241+19%
Usd Profit--6674042847.0806257040169.940+7%7155545938.310-7%6535441957.268+2%6572375527.713+2%
Usd Revenue--25818165751.56024535407516.305+5%24495157257.900+5%23111648375.830+12%23106529295.347+12%
Usd Total Gains Per Share--0.6970.835-17%0.791-12%2.329-70%2.329-70%
 EOD+3 -3MRQTTM+20 -11YOY+15 -165Y+16 -1510Y+16 -15

3.2. Fundamental Score

Let's check the fundamental score of Bank of America Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1511.569
Price to Book Ratio (EOD)Between0-11.052
Net Profit Margin (MRQ)Greater than00.259
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.000
Current Ratio (MRQ)Greater than10.000
Debt to Asset Ratio (MRQ)Less than10.910
Debt to Equity Ratio (MRQ)Less than110.152
Return on Equity (MRQ)Greater than0.150.023
Return on Assets (MRQ)Greater than0.050.002
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Bank of America Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.573
Ma 20Greater thanMa 5036.332
Ma 50Greater thanMa 10035.376
Ma 100Greater thanMa 20033.594
OpenGreater thanClose36.660
Total4/5 (80.0%)



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in USD. All numbers in thousands.

Summary
Total Assets3,273,803,000
Total Liabilities2,980,251,000
Total Stockholder Equity293,552,000
 As reported
Total Liabilities 2,980,251,000
Total Stockholder Equity+ 293,552,000
Total Assets = 3,273,803,000

Assets

Total Assets3,273,803,000
Total Current Assets0
Long-term Assets0
Total Current Assets
Cash And Cash Equivalents 321,263,000
Short-term Investments 313,073,000
Net Receivables 86,106,000
Total Current Assets  (as reported)0
Total Current Assets  (calculated)720,442,000
+/- 720,442,000
Long-term Assets
Property Plant Equipment 11,901,000
Goodwill 69,021,000
Long Term Investments 1,073,922,000
Long-term Assets  (as reported)0
Long-term Assets  (calculated)1,154,844,000
+/- 1,154,844,000

Liabilities & Shareholders' Equity

Total Current Liabilities0
Long-term Liabilities0
Total Stockholder Equity293,552,000
Total Current Liabilities
Short Long Term Debt 38,895,000
Total Current Liabilities  (as reported)0
Total Current Liabilities  (calculated)38,895,000
+/- 38,895,000
Long-term Liabilities
Long-term Liabilities  (as reported)0
Long-term Liabilities  (calculated)0
+/-0
Total Stockholder Equity
Retained Earnings 228,902,000
Total Stockholder Equity (as reported)293,552,000
Total Stockholder Equity (calculated)228,902,000
+/- 64,650,000
Other
Capital Stock82,707,000
Common Stock Shares Outstanding 7,866,868
Net Debt 13,978,000
Net Invested Capital 600,396,000



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-31
> Total Assets 
2,377,164,000
2,395,892,000
2,426,330,000
2,434,079,000
2,619,954,000
2,741,688,000
2,738,452,000
2,819,627,000
2,969,992,000
3,029,894,000
3,085,446,000
3,169,495,000
3,238,223,000
3,111,606,000
3,073,383,000
3,051,375,000
3,194,657,000
3,123,198,000
3,153,090,000
3,180,151,000
3,273,803,000
3,273,803,0003,180,151,0003,153,090,0003,123,198,0003,194,657,0003,051,375,0003,073,383,0003,111,606,0003,238,223,0003,169,495,0003,085,446,0003,029,894,0002,969,992,0002,819,627,0002,738,452,0002,741,688,0002,619,954,0002,434,079,0002,426,330,0002,395,892,0002,377,164,000
   > Total Current Assets 000000000000000000000
       Cash And Cash Equivalents 
181,103,000
180,086,000
164,651,000
168,667,000
262,673,000
295,417,000
306,094,000
387,009,000
333,960,000
267,386,000
286,372,000
355,365,000
279,579,000
204,843,000
212,425,000
237,462,000
387,855,000
381,494,000
359,721,000
341,419,000
321,263,000
321,263,000341,419,000359,721,000381,494,000387,855,000237,462,000212,425,000204,843,000279,579,000355,365,000286,372,000267,386,000333,960,000387,009,000306,094,000295,417,000262,673,000168,667,000164,651,000180,086,000181,103,000
       Short-term Investments 
0
0
0
256,467,000
221,104,000
190,432,000
233,692,000
234,491,000
270,613,000
278,181,000
275,358,000
299,178,000
289,287,000
266,254,000
226,339,000
220,788,000
10,100,000
132,005,000
165,610,000
266,649,000
313,073,000
313,073,000266,649,000165,610,000132,005,00010,100,000220,788,000226,339,000266,254,000289,287,000299,178,000275,358,000278,181,000270,613,000234,491,000233,692,000190,432,000221,104,000256,467,000000
       Net Receivables 
53,496,000
53,329,000
52,560,000
55,937,000
69,238,000
55,392,000
61,684,000
64,221,000
66,404,000
67,967,000
74,998,000
72,263,000
83,622,000
79,893,000
76,211,000
67,543,000
79,902,000
74,000,000
74,347,000
81,881,000
86,106,000
86,106,00081,881,00074,347,00074,000,00079,902,00067,543,00076,211,00079,893,00083,622,00072,263,00074,998,00067,967,00066,404,00064,221,00061,684,00055,392,00069,238,00055,937,00052,560,00053,329,00053,496,000
   > Long-term Assets 000000000000000000000
       Property Plant Equipment 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,117,000
11,510,000
11,708,000
11,688,000
11,821,000
11,855,000
11,901,000
11,901,00011,855,00011,821,00011,688,00011,708,00011,510,00011,117,00000000000000000
       Goodwill 
68,951,000
68,951,000
68,951,000
68,951,000
68,951,000
68,951,000
68,951,000
68,951,000
68,951,000
69,023,000
69,023,000
69,022,000
69,023,000
69,022,000
69,022,000
69,022,000
69,022,000
69,021,000
69,021,000
69,021,000
69,021,000
69,021,00069,021,00069,021,00069,021,00069,022,00069,022,00069,022,00069,022,00069,023,00069,022,00069,023,00069,023,00068,951,00068,951,00068,951,00068,951,00068,951,00068,951,00068,951,00068,951,00068,951,000
       Long Term Investments 
679,736,000
698,062,000
708,278,000
702,023,000
669,175,000
698,326,000
839,897,000
792,194,000
1,029,348,000
1,117,779,000
1,136,803,000
1,126,273,000
1,283,280,000
1,226,937,000
1,173,416,000
1,043,422,000
970,669,000
914,709,000
930,598,000
1,017,946,000
1,073,922,000
1,073,922,0001,017,946,000930,598,000914,709,000970,669,0001,043,422,0001,173,416,0001,226,937,0001,283,280,0001,126,273,0001,136,803,0001,117,779,0001,029,348,000792,194,000839,897,000698,326,000669,175,000702,023,000708,278,000698,062,000679,736,000
> Total Liabilities 
2,110,154,000
2,124,484,000
2,157,943,000
2,169,269,000
2,355,036,000
2,476,051,000
2,469,602,000
2,546,703,000
2,695,992,000
2,752,775,000
2,812,982,000
2,899,429,000
2,971,606,000
2,842,488,000
2,803,859,000
2,778,178,000
2,914,461,000
2,839,879,000
2,866,026,000
2,888,505,000
2,980,251,000
2,980,251,0002,888,505,0002,866,026,0002,839,879,0002,914,461,0002,778,178,0002,803,859,0002,842,488,0002,971,606,0002,899,429,0002,812,982,0002,752,775,0002,695,992,0002,546,703,0002,469,602,0002,476,051,0002,355,036,0002,169,269,0002,157,943,0002,124,484,0002,110,154,000
   > Total Current Liabilities 000000000000000000000
       Short-term Debt 
14,008,000
27,244,000
30,682,000
24,204,000
30,118,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000030,118,00024,204,00030,682,00027,244,00014,008,000
       Short Long Term Debt 
14,008,000
27,244,000
30,682,000
24,204,000
30,118,000
17,998,000
17,861,000
19,321,000
21,724,000
21,635,000
20,278,000
23,753,000
24,789,000
27,886,000
21,044,000
26,932,000
56,564,000
41,017,000
40,196,000
32,098,000
38,895,000
38,895,00032,098,00040,196,00041,017,00056,564,00026,932,00021,044,00027,886,00024,789,00023,753,00020,278,00021,635,00021,724,00019,321,00017,861,00017,998,00030,118,00024,204,00030,682,00027,244,00014,008,000
   > Long-term Liabilities 000000000000000000000
> Total Stockholder Equity
267,010,000
271,408,000
268,387,000
264,810,000
264,918,000
265,637,000
268,850,000
272,924,000
274,000,000
277,119,000
272,464,000
270,066,000
266,617,000
269,118,000
269,524,000
273,197,000
280,196,000
283,319,000
287,064,000
291,646,000
293,552,000
293,552,000291,646,000287,064,000283,319,000280,196,000273,197,000269,524,000269,118,000266,617,000270,066,000272,464,000277,119,000274,000,000272,924,000268,850,000265,637,000264,918,000264,810,000268,387,000271,408,000267,010,000
   Common Stock000000000000000000000
   Retained Earnings 
141,888,000
147,577,000
151,183,000
156,319,000
155,866,000
157,578,000
160,447,000
164,088,000
170,082,000
177,499,000
183,007,000
188,064,000
192,929,000
197,159,000
201,957,000
207,003,000
213,062,000
218,397,000
223,749,000
224,672,000
228,902,000
228,902,000224,672,000223,749,000218,397,000213,062,000207,003,000201,957,000197,159,000192,929,000188,064,000183,007,000177,499,000170,082,000164,088,000160,447,000157,578,000155,866,000156,319,000151,183,000147,577,000141,888,000
   Capital Surplus 000000000000000000000
   Treasury Stock000000000000000000000
   Other Stockholders Equity 000000000000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue98,581,000
Cost of Revenue-0
Gross Profit098,581,000
 
Operating Income (+$)
Gross Profit0
Operating Expense-0
Operating Income00
 
Operating Expense (+$)
Research Development0
Selling General Administrative47,715,000
Selling And Marketing Expenses0
Operating Expense047,715,000
 
Net Interest Income (+$)
Interest Income130,262,000
Interest Expense-73,331,000
Other Finance Cost-0
Net Interest Income56,931,000
 
Pretax Income (+$)
Operating Income0
Net Interest Income56,931,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)28,342,0000
EBIT - interestExpense = -73,331,000
26,515,000
99,846,000
Interest Expense73,331,000
Earnings Before Interest and Taxes (EBIT)0101,673,000
Earnings Before Interest and Taxes (EBITDA)0
 
After tax Income (+$)
Income Before Tax28,342,000
Tax Provision-1,827,000
Net Income From Continuing Ops26,515,00026,515,000
Net Income26,515,000
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses0
Total Other Income/Expenses Net0-56,931,000
 

Technical Analysis of Bank of America Corporation
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Bank of America Corporation. The general trend of Bank of America Corporation is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Bank of America Corporation's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (100.0%) Bearish trend (-100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Bank of America Corporation.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is -1/(-1 +1).

  • Around resistance: The price is trading arround resistance levels. This can be considered as a potential exit level. -1

The bullish price targets are: 36.67.

The bearish price targets are: 35.35 > 34.21 > 32.43.

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Bank of America Corporation Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Bank of America Corporation. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Bank of America Corporation Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Bank of America Corporation. The current macd is 0.3373991.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Bank of America Corporation price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Bank of America Corporation. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Bank of America Corporation price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Bank of America Corporation Daily Moving Average Convergence/Divergence (MACD) ChartBank of America Corporation Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Bank of America Corporation. The current adx is 18.49.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Bank of America Corporation shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.
Bank of America Corporation Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Bank of America Corporation. The current sar is 35.80.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Bank of America Corporation Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Bank of America Corporation. The current rsi is 56.57. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Bank of America Corporation Daily Relative Strength Index (RSI) ChartBank of America Corporation Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Bank of America Corporation. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Bank of America Corporation price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Bank of America Corporation Daily Stochastic Oscillator ChartBank of America Corporation Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Bank of America Corporation. The current cci is 67.22.

Bank of America Corporation Daily Commodity Channel Index (CCI) ChartBank of America Corporation Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Bank of America Corporation. The current cmo is 12.30.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Bank of America Corporation Daily Chande Momentum Oscillator (CMO) ChartBank of America Corporation Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Bank of America Corporation. The current willr is -18.86792453.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Bank of America Corporation Daily Williams %R ChartBank of America Corporation Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Bank of America Corporation.

Bank of America Corporation Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Bank of America Corporation. The current atr is 0.35736742.

Bank of America Corporation Daily Average True Range (ATR) ChartBank of America Corporation Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Bank of America Corporation. The current obv is -5,907.

Bank of America Corporation Daily On-Balance Volume (OBV) ChartBank of America Corporation Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Bank of America Corporation. The current mfi is 60.53.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Bank of America Corporation Daily Money Flow Index (MFI) ChartBank of America Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Bank of America Corporation.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-01-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-29WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-01RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-02ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-14STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-15CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-19MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-20SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-22MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-27STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-28SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-29MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-01ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-05STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-12ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-15RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-03RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-04MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-05MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-09STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-11STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-17DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-18STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-22SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-23CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-24MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-29MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-05-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-06STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-07ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-09STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-10STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-13MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-05-14STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-15STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-05-16STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-17STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-21STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-22STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-23BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-24STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-30CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-04ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-05STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-06STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-06-07STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-06-10STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-06-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-06-14STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside

6.3. Candlestick Patterns

Bank of America Corporation Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Bank of America Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5056.573
Ma 20Greater thanMa 5036.332
Ma 50Greater thanMa 10035.376
Ma 100Greater thanMa 20033.594
OpenGreater thanClose36.660
Total4/5 (80.0%)
Penke

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