- BAC has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $782.3 million.
- BAC has traded 64.2 million shares today.
- BAC is trading at 2.07 times the normal volume for the stock at this time of day.
- BAC crossed above its 200-day simple moving average.
'Storm the Castle' stocks are worth watching because trading stocks that begin to experience a breakout can lead to potentially massive profits. Once psychological and technical resistance barriers like the 200-day moving average are breached on higher than normal relative volume, the stock is then free to find new buyers and momentum traders who can ultimately push the stock significantly higher. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize on. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in BAC with the Ticky from Trade-Ideas. See the FREE profile for BAC NOW at Trade-IdeasMore details on BAC: Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The stock currently has a dividend yield of 1.3%. BAC has a PE ratio of 24.5. Currently there are 9 analysts that rate Bank of America Corporation a buy, 2 analysts rate it a sell, and 10 rate it a hold. The average volume for Bank of America Corporation has been 63.4 million shares per day over the past 30 days. Bank of America has a market cap of $162.5 billion and is part of the financial sector and banking industry. The stock has a beta of 1.91 and a short float of 0.9% with 2.07 days to cover. Shares are down 0.3% year-to-date as of the close of trading on Wednesday. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreetRatings.com Analysis: TheStreet Quant Ratings rates Bank of America Corporation as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- The gross profit margin for BANK OF AMERICA CORP is currently very high, coming in at 86.47%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 9.28% trails the industry average.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 11.9%. Since the same quarter one year prior, revenues slightly dropped by 5.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Commercial Banks industry and the overall market on the basis of return on equity, BANK OF AMERICA CORP underperformed against that of the industry average and is significantly less than that of the S&P 500.
- BANK OF AMERICA CORP's earnings per share declined by 40.6% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, BANK OF AMERICA CORP increased its bottom line by earning $0.91 versus $0.25 in the prior year. For the next year, the market is expecting a contraction of 12.1% in earnings ($0.80 versus $0.91).
- Net operating cash flow has significantly decreased to $4,778.00 million or 89.64% when compared to the same quarter last year. Despite a decrease in cash flow BANK OF AMERICA CORP is still fairing well by exceeding its industry average cash flow growth rate of -103.82%.
- You can view the full Bank of America Corporation Ratings Report.