Latest Articles
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Bank of America Stock Is Unlikely To Yield Strong Returns
[Updated 01/27/2021] Bank of America Update Despite a more than 70% gain since the March 23 lows of the last year, Bank of America stock (NYSE: BAC) is still trading 11% below its pre-Covid peak in February 2020. Trefis estimates Bank of ...
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Despite Interest Rate Headwinds, Bank of America Stock Is Still A Good Investment
After more than a 60% gain since the March 23 lows of this year, at the current price of $30 per share we believe Bank of America Stock (NYSE: BAC) has some more room for growth. Bank of America, one of the top five banks in the U.S., has seen ...
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Down 25% YTD, Bank of America Stock Is Pressured By Low Interest Rates
[Updated 11/13/2020] Bank of America Update Although Bank of America stock (NYSE: BAC) has gained around 50% since the March bottom, it is still down 26% YTD. Trefis estimates Bank of America’s valuation to be around $29 per share –...
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Is Bank of America Stock Attractive?
Bank of America stock (NYSE: BAC) lost more than 49% – dropping from $36 at the end of 2019 to around $18 in late March – then spiked 34% to around $24 now. This implies it’s still 32% lower than the start of the year. There...
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Goldman Fared The Worst In Fed’s Latest Stress Test For Banks
While Goldman Sachs (NYSE:GS), along with 32 other financial institutions in the U.S., recently sailed through the first phase of the Federal Reserve’s annual Comprehensive Capital Analysis and Review (CCAR), the premier investment bank an...
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Is Bank of America Stock Oversold?
Having regained more than 20% of its value since hitting a low of $18 on March 23, Bank of America’s stock (NYSE: BAC) looks quite undervalued at its current level of $22. Our belief stems from the fact that the banking giant’s stock remain...
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Could Bank of America Stock Tank To A Four-Year Low Of $14?
Bank of America’s stock is down 38% so far this year to its current level of $22, but it is possible that it hasn’t bottomed out yet. Why is that? Well, Bank of America’s (NYSE: BAC) revenues would face a significant challenge due to lower commer...
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Coronavirus Recovery Watch: Major U.S. Banks Underperform The Market, But There Are A Few Bright Spots
Our bank portfolio of 9 stocks shows an average return of 11% in the last five trading days compared with a 13% return in the Dow during the same period. This portfolio reflects one set of possible stocks that will very likely underperform the ...
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Is Bank of America Stock Undervalued?
Bank of America’s (NYSE: BAC) stock rallied more than 40% in 2019, with the bank’s share price averaging just above $33 for the year. Despite this strong growth over 2019, we believe that the bank’s stock still has room for growth. Trefis d...
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Bank of America Earnings Preview: Why Bank of America Is Likely To Miss FY19 Revenue Expectations
Bank of America (NYSE: BAC) is slated to release its Q4 and full-year 2019 results on Wednesday, January 15. The diversified banking giant is the second-largest U.S. bank after JPMorgan in terms of assets. Trefis details earnings expectations fro...
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Why Morgan Stanley Is A Worthy Competitor To Bank of America In The Wealth Management Space
Morgan Stanley (NYSE: MS) and Bank of America (NYSE: BAC) are two of the largest investment banks in the U.S. Since the recession, their business model has evolved from being focused primarily on one or two revenue streams to significantly divers...
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How Important Is Wealth Management For Bank of America’s Stock?
Bank of America (NYSE: BAC) is the second-largest U.S. bank after JPMorgan and offers consumer banking, credit cards, commercial banking, investment banking, sales & trading, and wealth management services. Trefis details the key components o...
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Which U.S. Bank Has A Larger Commercial Banking Business: Wells Fargo or Bank of America?
Wells Fargo (NYSE: WFC) is the third-largest bank in the U.S. by assets, and is best known as the largest originator and servicer of mortgages in the country. Notably, Wells Fargo also has the largest commercial banking business among all U.S. ba...
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Wells Fargo’s Woes Driving Bank of America’s Gains Across Segments?
Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) are two of the major banks, with a global presence, and a range of offerings spanning across consumer banking, commercial banking, investment banking, wealth management etc. Trefis has analy...
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Which U.S. Bank Is The Largest Holder Of Mortgage-Backed Securities?
Trefis highlights How Mortgage-Backed Securities Held By Major U.S. Banks Have Changed Since The Recession and finds that Bank of America holds the largest portfolio of mortgage-backed securities (MBS) among all commercial banks in the country....
