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BANK OF AMERICA CORPORATION

(BAC)
  Report
Delayed Nyse  -  01:00 2022-11-25 pm EST
37.70 USD   +0.24%
11/25Deutsche Bank Warns European Companies Of Short-term Commitment Of US Banks
MT
11/25Deutsche Bank warns of peril in borrowing from U.S. banks
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11/25J.P.Morgan sees global bond yields dipping in 2023
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Central bank action "not yet credible nor coordinated" -BofA

09/30/2022 | 12:27pm EST
FILE PHOTO: Person walks past a Bank of America sign in New York City

LONDON (Reuters) - Interventions in the last week have helped calm panicking markets but the actions taken by the Bank of Japan and Bank of England are "not yet credible nor coordinated", Bank of America said in a note on Friday.

BofA analysts also said their 'Bull & Bear' indicator, which seeks to track market trends, remains unchanged at "extreme bearish" level.

With government borrowing costs soaring despite aggressive central bank rate hikes, and inflation rampaging, investors have fled risk assets in the past couple of weeks, given the mounting chances of global recession.

Yet equity funds recorded $7.6 billion of inflows in the week to Wednesday, while weekly outflows from bonds totalled $13.7 billion, BofA said, citing EPFR data.

Gold saw outflows totalling $1.4 billion, the 14th straight week of declines and the longest consecutive streak since January 2014.

Selling of UK equities is on track for its worst-ever year, BofA said.

Outflows from investment grade, high yield and emerging market debt stood at $13.7 billion, the highest in 13 weeks.

(Reporting by Lucy Raitano; Editing by Amanda Cooper and Catherine Evans)


ę Reuters 2022
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Analyst Recommendations on BANK OF AMERICA CORPORATION
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Financials (USD)
Sales 2022 94 996 M - -
Net income 2022 26 231 M - -
Net Debt 2022 - - -
P/E ratio 2022 11,8x
Yield 2022 2,28%
Capitalization 302 B 302 B -
Capi. / Sales 2022 3,18x
Capi. / Sales 2023 2,94x
Nbr of Employees 213 000
Free-Float 99,9%
Chart BANK OF AMERICA CORPORATION
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Bank of America Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends BANK OF AMERICA CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Last Close Price 37,70 $
Average target price 41,59 $
Spread / Average Target 10,3%
EPS Revisions
Managers and Directors
Brian T. Moynihan Chairman, President & Chief Executive Officer
Alastair Borthwick Chief Financial Officer
Frick Bob ice Chair of the Board & Chief Financial Officer
Catherine P. Bessant Vice Chairman-Global Strategy
Aditya Bhasin Chief Technology & Information Officer
Sector and Competitors