Bank Of America Preferred Stock Today
| BAC-PL Preferred Stock | USD 1,160 0.36 0.03% |
Performance2 of 100
| Odds Of DistressLess than 9
|
Bank of America is selling for 1160.00 as of the 17th of April 2024. This is a 0.03 percent up since the beginning of the trading day. The preferred stock's lowest day price was 1158.01. Bank of America has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for Bank of America are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 18th of March 2024 and ending today, the 17th of April 2024. Click here to learn more.
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. Bank of America Corporation was founded in 1874 and is headquartered in Charlotte, North Carolina. The company has 0 outstanding shares of which 2.72 K shares are currently shorted by private and institutional investors with about 0.45 days to cover all short positions. More on Bank of America
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Bank Preferred Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Bank of America's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bank of America or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Business Concentration | Banking, Banks - Diversified, Financial Services, Banks - Global, Financial Services (View all Sectors) |
Bank of America (BAC-PL) is traded on New York Stock Exchange in USA. It is located in Bank of America Corporate Center, Charlotte, NC, United States, 28255 and employs 216,823 people. Bank of America is listed under Banking category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a current market capitalization of 241.31 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bank of America's market, we take the total number of its shares issued and multiply it by Bank of America's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Bank of America operates under Financial Services sector and is part of Banks - Global industry. The entity has 0 outstanding shares of which 2.72 K shares are currently shorted by private and institutional investors with about 0.45 days to cover all short positions.
Bank of America has accumulated about 725.06 B in cash with (7.19 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 77.61.
Check Bank of America Probability Of Bankruptcy
Ownership AllocationThe market capitalization of Bank of America is $241.31 Billion. Over half of Bank of America's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Bank of America. Please watch out for any change in the institutional holdings of Bank of America as this could mean something significant has changed or is about to change at the company. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.
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Bank Stock Price Odds Analysis
Proceeding from a normal probability distribution, the odds of Bank of America jumping above the current price in 90 days from now is about 92.24%. The Bank of America probability density function shows the probability of Bank of America preferred stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Bank of America has a beta of 0.3687 suggesting as returns on the market go up, Bank of America average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Bank of America will be expected to be much smaller as well. Additionally, bank of America has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Bank of America to move above the current price in 90 days from now is about 92.24 (This Bank of America probability density function shows the probability of Bank Preferred Stock to fall within a particular range of prices over 90 days) .
Bank of America Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Bank of America market risk premium is the additional return an investor will receive from holding Bank of America long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Bank of America. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Bank of America's alpha and beta are two of the key measurements used to evaluate Bank of America's performance over the market, the standard measures of volatility play an important role as well.
| Risk Adjusted Performance | 0.0247 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) |
Bank Stock Against Markets
Picking the right benchmark for Bank of America preferred stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Bank of America preferred stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Bank of America is critical whether you are bullish or bearish towards Bank of America at a given time. Please also check how Bank of America's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank of America without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Bank of America Corporate Management
Elected by the shareholders, the Bank of America's board of directors comprises two types of representatives: Bank of America inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bank. The board's role is to monitor Bank of America's management team and ensure that shareholders' interests are well served. Bank of America's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bank of America's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rudolf Bless | Chief Officer | Profile | |
| Aditya Bhasin | Chief Officer | Profile | |
| Brian Moynihan | Chairman CEO | Profile | |
| Paul Donofrio | Vice Chairman | Profile | |
| Alastair Borthwick | Chief Officer | Profile | |
| Darrin Boland | Chief Officer | Profile | |
| James DeMare | Ex Markets | Profile |
How to buy Bank Preferred Stock?
Before investing in Bank of America, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Bank of America. To buy Bank of America preferred stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Bank of America. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Bank of America preferred stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Bank of America preferred stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Bank of America preferred stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the preferred stock
It's important to note that investing in stocks, such as Bank of America, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in preferred stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Bank of America?
The danger of trading Bank of America is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Bank of America is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Bank of America. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank of America is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more information on how to buy Bank Preferred Stock please use our How to buy in Bank Preferred Stock guide.Note that the Bank of America information on this page should be used as a complementary analysis to other Bank of America's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Bank Preferred Stock analysis
When running Bank of America's price analysis, check to measure Bank of America's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.
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