옵션 체인은 다양한 행사가격과 만기일에 대한 Bank of America의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Bank of America에 대한 시장 심리를 평가합니다..

Bank of America (NYSE:BAC) 주식, 옵션 체인

Bank of America

Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.

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토요일에 버크셔 해서웨이(NYSE:BRK)가 보험 인수 부문의 약세로 3분기 영업 이익이 감소했다고 발표했다. 오마하에 본사를 둔 이 회사의 분기별 영업 이익은 100억 9천만 달러로 전년 동기 107억 6천 1백만 달러에서 6% 이상 하락했다.

버크셔 해서웨이가 3분 영업 이익 감소 보고, 애플 지분 추가 매각

콜럼버스 데이가 다가오면서 투자자들과 시장 참가자들은 독특한 거래 환경에 대비하고 있다. 이 미국 공휴일은 2024년 10월 14일 월요일에 관찰되며, 금융 시장이 열리고 닫히는 혼합 상태로 거래 활동에 영향을 미칠 것이다.

콜럼버스 데이: 오늘 주식시장이 열리나요?

제이미 다이먼이 경제에 대한 글로벌 위험에 대해 경고: &#39;위험하고 점점 더 악화되고 있다&#39;

Bank of America Corp

BERENSON ACQUISITION CORP I CL A

Berenson Acquisition Corp I Warrants (01/08/2026)

BANK OF CHINA LTD ORD by Bank of China, Ltd.

Bank Of China Ltd

BANK OF CHINA UNSP/ADR by Bank of China, Ltd.

IMAC Holdings Inc

Bleichroeder Acquisition Corp. I

Bleichroeder Acquisition Corp I

BANK OF AMERICA 7.00B PFD by Bank of America Corp.

BANK OF AMERICA ORD

Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 6.000% Non-Cumulative Preferred Stock, Series GG

Bank of America Corporation Depositary Sh repstg 1/1000th Perp Pfd Ser E

Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.875% Non- Cumulative Preferred Stock, Series HH

Bank of America Corporation Non Cumulative Perpetual Conv Pfd Ser L

Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series KK

Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 5.000% Non-Cumulative Preferred Stock, Series LL

Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.375% Non-Cumulative Preferred Stock, Series NN

Bank of America Corporation Depositary Shares, each representing a 1/1,000th interest in a share of 4.125% Non-Cumulative Preferred Stock, Series PP

Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.250% Non-Cumulative Preferred Stock, Series QQ

Bank of America Corporation Depositary shares, each representing 1/1,000th interest in a share of 4.750% Non-Cumulative Preferred Stock, Series SS

Oppenheimer analyst Chris Kotowski maintains Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) with a Outperform and raises the price target from $50 to $56.

Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on Bank of America, Raises Price Target to $56

Although the broad market has clocked impressive returns in 2024, with the benchmark S&amp;P 500 Index, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), returning more than 20%, legendary investor Warren Buffett has <a href="https://www.benzinga.com/markets/equities/24/10/41294370/warren-buffett-continues-trimming-bank-of-america-position-no-longer-needs-to-report-sales">been a cautious seller</a>.
The Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) chairman notably sold over $100 billion of Berkshire&#8217;s largest holding, Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), capitalizing on the tech giant's valuation and reducing exposure to preserve gains. Additionally, he offloaded substantial portions of Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), trimming Berkshire&#8217;s stake below the critical 10% ownership threshold.
While it is hard to speculate on Buffett's actions, his decision to sell a bank might be tied to an anticipation of lower interest rates. Berkshire still owns about 10% of the stock, but now it is not required to file Form 4 with the SEC within two business days—it can file Form 13F as far as 45 days into 2025.
In addition to a solid orientation around the Fed&#8217;s actions, Buffett's expertise in the insurance industry is noteworthy, as decades of ownership of GEICO give him a vantage point over the market.
Per <a href="https://x.com/KobeissiLetter/status/1852787764720476326">the </a>Kobeissi Letter, he now holds a record $288 billion of U.S. Treasury bills, which is $93 billion more than the Fed.
"Opportunities for investment that are open to the analyst who stresses quantitative factors have virtually disappeared…" Buffett <a href="https://www.ivey.uwo.ca/media/2975913/buffett-partnership-letters.pdf">wrote</a> in May 1969, clarifying the decision to close down his $100 million Buffett Partnership, Ltd. However, in 2024, he's at the helm of one of the largest publicly traded companies in the world.
Buffett's investment preferences are fairly well-known. He seeks companies with a high return on equity (ROE) that demonstrate efficient use of capital and consistent profit margins that indicate financial health.
Furthermore, he favors the "product moat," or competitive advantage, as it creates long-term stability and growth, fends off competition, and sustains profitability. However, a cornerstone of Buffett&#8217;s investing philosophy is his rigorous preference for buying assets at a discount to their intrinsic value.
This preference is so strong that he suspended Berkshire Hathaway's buybacks in the third quarter until the "price is below Berkshire's intrinsic value."
While there are still companies meeting Buffett's criteria, finding them at a bargain has become challenging – particularly at a size that would create a meaningful return for his $325 billion cash pile.
Berkshire Hathaway has returned 22.02% year-to-date.
Read Next: 
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<li><a href="https://www.benzinga.com/personal-finance/24/11/41726342/can-you-guess-what-asset-the-ultra-wealthy-invest-in-most-heres-a-hint-its-not-stocks">Can You Guess What Asset the Ultra-Wealthy Invest In Most? Here&#8217;s A Hint: It&#8217;s Not Stocks</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Buffett Amasses A $325 Billion Cash Pile, Halts Berkshire Buybacks

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$65.00</td>
<td>$40.1K</td>
<td>45.0K</td>
<td>4.6K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$72.50</td>
<td>$501.0K</td>
<td>3.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>WU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$12.00</td>
<td>$278.1K</td>
<td>7.3K</td>
<td>2.4K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$16.00</td>
<td>$76.7K</td>
<td>4.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$12.50</td>
<td>$130.0K</td>
<td>2.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$16.50</td>
<td>$79.3K</td>
<td>246</td>
<td>1.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$185.00</td>
<td>$32.3K</td>
<td>2.3K</td>
<td>841</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$44.50</td>
<td>$62.0K</td>
<td>107</td>
<td>805</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$50.00</td>
<td>$57.5K</td>
<td>624</td>
<td>612</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$100.00</td>
<td>$26.2K</td>
<td>1.3K</td>
<td>310</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on November 15, 2024. Parties traded 451 contract(s) at a $65.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $89.0 per contract. There were 45098 open contracts at this strike prior to today, and today 4686 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bearish, expiring in 137 day(s) on March 21, 2025. This event was a transfer of 3000 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $501.0K, with a price of $167.0 per contract. There were 3283 open contracts at this strike prior to today, and today 3052 contract(s) were bought and sold. 
• For WU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>), we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on November 15, 2024. This event was a transfer of 2417 contract(s) at a $12.00 strike. This particular put needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $278.1K, with a price of $115.0 per contract. There were 7339 open contracts at this strike prior to today, and today 2459 contract(s) were bought and sold. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option sweep that happens to be bearish, expiring in 137 day(s) on March 21, 2025. This event was a transfer of 1784 contract(s) at a $16.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $76.7K, with a price of $43.0 per contract. There were 4156 open contracts at this strike prior to today, and today 2025 contract(s) were bought and sold. 
• For PMT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>), we notice a put option trade that happens to be bullish, expiring in 164 day(s) on April 17, 2025. This event was a transfer of 2000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $130.0K, with a price of $65.0 per contract. There were 2081 open contracts at this strike prior to today, and today 2003 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on November 15, 2024. Parties traded 882 contract(s) at a $16.50 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $79.3K, with a price of $90.0 per contract. There were 246 open contracts at this strike prior to today, and today 1021 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 8, 2024. This event was a transfer of 44 contract(s) at a $185.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $735.0 per contract. There were 2338 open contracts at this strike prior to today, and today 841 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option trade with bullish sentiment. It expires in 4 day(s) on November 8, 2024. Parties traded 200 contract(s) at a $44.50 strike. The total cost received by the writing party (or parties) was $62.0K, with a price of $310.0 per contract. There were 107 open contracts at this strike prior to today, and today 805 contract(s) were bought and sold. 
• Regarding UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on November 8, 2024. Parties traded 92 contract(s) at a $50.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $57.5K, with a price of $625.0 per contract. There were 624 open contracts at this strike prior to today, and today 612 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option trade with bullish sentiment. It expires in 46 day(s) on December 20, 2024. Parties traded 30 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $875.0 per contract. There were 1337 open contracts at this strike prior to today, and today 310 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

FUTU

SOFI

UPST

10 Financials Stocks Whale Activity In Today's Session

On Saturday, Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) registered a decline in <a href="https://www.businesswire.com/news/home/20241102654212/en/Berkshire-Hathaway-Inc.-News-Release" target="_blank" rel="noreferrer noopener">third-quarter</a> operating earnings, driven by weakness in the insurance underwriting segment.
The Omaha-based company&#8217;s quarterly <a target="_blank" href="https://www.berkshirehathaway.com/qtrly/3rdqtr24.pdf" rel="noreferrer noopener">operating earnings</a> of $10.09 billion slumped over 6% from $10.761 billion in the year-ago quarter.
Approximately 70% of the aggregate fair value was concentrated in five companies, as of September-end 2024:
<ul>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) &nbsp;&#8211; $41.1 billion</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;&#8211; $69.9 billion</li>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) &#8211; $31.7 billion</li>
<li>Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)&nbsp;&#8211; $28.7 billion&nbsp;</li>
<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) &#8211; $17.5 billion</li>
</ul>
It seems <a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a> has vended another considerable slice of his Apple stake, continuing to reduce Berkshire Hathaway&#8217;s most significant equity investment for the fourth consecutive quarter.
Despite the ongoing selling spree, Berkshire did not buy back any company shares during the period.
Berkshire Hathaway&#8217;s cash reserves soared to a record $325.2 billion as of September-end, increasing from $276.9 billion in the second quarter, as Warren Buffett continued selling stocks, per a <a href="https://www.cnbc.com/2024/11/02/berkshire-hathaways-cash-fortress-tops-300-billion-as-buffett-sells-more-stock-freezes-buybacks.html" target="_blank" rel="noreferrer noopener">news</a> report from CNBC.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/11/41700057/warren-buffetts-frugal-lifestyle-was-once-highlighted-in-the-office-cameo-what-about-mileag" rel="noreferrer noopener">Warren Buffett&#8217;s Frugal Lifestyle Was Once Highlighted In &#8216;The Office&#8217; Cameo: &#8216;What About Mileage When I Use My Car, I Mean Gas Ain&#8217;t Cheap You Know&#8217;</a>
This suggests that Buffett sold roughly a quarter of his stake, leaving around 300 million shares in his holdings. Overall, CNBC <a target="_blank" href="https://www.cnbc.com/2024/11/02/berkshire-hathaway-brk-earnings-q3-2024.html" rel="noreferrer noopener">reported</a> that his stake has decreased by 67.2% compared to the end of the third quarter of last year.
He began reducing his stake in the iPhone manufacturer during the fourth quarter of 2023 and significantly increased his selling in the second quarter, when he unexpectedly sold nearly half of his investment, the report added.
Berkshire and its subsidiaries also invest in certain businesses using the equity method, with significant holdings in common stock of The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).
As of September 30, 2024, the firm owned 26.9% of Kraft Heinz&#8217;s outstanding shares and 28.2% of Occidental&#8217;s outstanding shares.
Q3 In Detail
The company reported third-quarter net earnings of $18,272 per average equivalent Class A share, compared with a $(8,824) loss per share in the year-ago period.&nbsp;
The company registered net earnings of $12.18 per average equivalent Class B share, compared with $(5.88) per share year over year.
In the third quarter, insurance underwriting generated earnings of $750 million versus $2.42 billion year over year (down 69%).
Earnings from insurance investment income were $3.664 billion, higher&nbsp;than $2.470 billion a year ago.
Buffett, 94, is one of the best-known fundamental investors in the world. Known as the &#8220;Oracle of Omaha,&#8221; he has a real-time net worth of $142.2 billion&nbsp;<a target="_blank" href="https://www.forbes.com/profile/warren-buffett/?sh=2ee1b9a34639" rel="noreferrer noopener">per</a> Forbes.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/education/24/10/41418702/warren-buffetts-words-of-wisdom-benzinga-readers-pick-their-favorite-oracle-of-omaha-quote" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Words Of Wisdom: Benzinga Readers Pick Their Favorite Oracle Of Omaha Quote</a></li>
</ul>

Berkshire Hathaway Reports Decline In Q3 Operating Earnings, Further Reduces Apple Stake

Trading Ideas

Live On CNBC, Bill Baruch Announces Sold Bank Of America

Deep-pocketed investors have adopted a bearish approach towards Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BAC usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Bank of America. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 50% bearish. Among these notable options, 6 are puts, totaling $251,916, and 10 are calls, amounting to $541,952.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $50.0 for Bank of America over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Bank of America stands at 9801.5, with a total volume reaching 13,625.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Bank of America, situated within the strike price corridor from $30.0 to $50.0, throughout the last 30 days.
<h3>Bank of America Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730318441_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.01</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$43.00</td>
<td>$100.0K</td>
<td>20.9K</td>
<td>1.3K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$7.7</td>
<td>$7.65</td>
<td>$7.68</td>
<td>$35.00</td>
<td>$96.0K</td>
<td>4.8K</td>
<td>125</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$0.74</td>
<td>$0.72</td>
<td>$0.73</td>
<td>$42.00</td>
<td>$67.7K</td>
<td>14.7K</td>
<td>1.2K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/01/24</td>
<td>$0.46</td>
<td>$0.44</td>
<td>$0.44</td>
<td>$42.50</td>
<td>$61.6K</td>
<td>9.5K</td>
<td>5.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$9.85</td>
<td>$9.8</td>
<td>$9.84</td>
<td>$33.00</td>
<td>$59.0K</td>
<td>233</td>
<td>62</td>
</tr>
</tbody>
</table>

<h3>About Bank of America</h3>
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
<h3>Where Is Bank of America Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 28,291,427, with BAC's price down by -0.51%, positioned at $42.31.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 78 days.</li>
</ul>
<h3>What Analysts Are Saying About Bank of America</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $48.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Morgan Stanley persists with their Overweight rating on Bank of America, maintaining a target price of $48. 
&#x2A; An analyst from Phillip Securities has elevated its stance to Accumulate, setting a new price target at $44. 
&#x2A; An analyst from Keefe, Bruyette &amp; Woods persists with their Outperform rating on Bank of America, maintaining a target price of $50. 
&#x2A; An analyst from Oppenheimer has decided to maintain their Outperform rating on Bank of America, which currently sits at a price target of $49. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Bank of America with a target price of $53. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Bank of America with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In BAC Options

(Reuters) - Bank of America said on Tuesday it was considering suing a U.S. consumer watchdog over the agency's inquiry into the bank's processing of funds through the Zelle payment app.
The bank disclosed in a regulatory filing that it had been responding to an inquiry from the Consumer Financial Protection Bureau (CFPB) related to Zelle.
Zelle has grown to become the leading U.S. peer-to-peer payment network since its launch in 2017. It is owned by seven major banks, including JPMorgan and Bank of America.
In August, Wall Street titan JPMorgan Chase also said it was mulling whether to sue the CFPB over inquires over Zelle.

Legal

'Bank Of America Considering Suing A U.S. Consumer Watchdog Over The Agency's Inquiry Into The Bank's Processing Of Funds Through The Zelle Payment App' - Reuters News

<a href="https://nypost.com/2024/10/25/business/activist-investors-may-be-targeting-too-big-to-fail-lender-bank-of-america/" title="https://nypost.com/2024/10/25/business/activist-investors-may-be-targeting-too-big-to-fail-lender-bank-of-america/">https://nypost.com/2024/10/25/business/activist-investors-may-be-targeting-too-big-to-fail-lender-bank-of-america/</a>

'Activist investors may be targeting Too Big to Fail lender Bank of America' - New York Post

Financial giants have made a conspicuous bearish move on Bank of America. Our analysis of options history for Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) revealed 37 unusual trades.
Delving into the details, we found 45% of traders were bullish, while 48% showed bearish tendencies. Out of all the trades we spotted, 25 were puts, with a value of $1,600,134, and 12 were calls, valued at $408,606.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $48.0 for Bank of America during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Bank of America options trades today is 9159.25 with a total volume of 99,774.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Bank of America's big money trades within a strike price range of $20.0 to $48.0 over the last 30 days.
<h3>Bank of America Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729796423_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.42</td>
<td>$2.4</td>
<td>$2.4</td>
<td>$43.00</td>
<td>$79.9K</td>
<td>5.4K</td>
<td>4.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$22.5</td>
<td>$22.4</td>
<td>$22.43</td>
<td>$20.00</td>
<td>$76.2K</td>
<td>15</td>
<td>0</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.37</td>
<td>$2.34</td>
<td>$2.34</td>
<td>$43.00</td>
<td>$76.0K</td>
<td>5.4K</td>
<td>6.2K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.35</td>
<td>$2.33</td>
<td>$2.33</td>
<td>$43.00</td>
<td>$73.3K</td>
<td>5.4K</td>
<td>6.2K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.43</td>
<td>$2.41</td>
<td>$2.41</td>
<td>$43.00</td>
<td>$72.3K</td>
<td>5.4K</td>
<td>3.7K</td>
</tr>
</tbody>
</table>

<h3>About Bank of America</h3>
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
In light of the recent options history for Bank of America, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Bank of America</h3>
<ul>
<li>Trading volume stands at 15,957,725, with BAC's price down by -0.09%, positioned at $42.3.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 84 days.</li>
</ul>
<h3>Expert Opinions on Bank of America</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $48.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Bank of America, which currently sits at a price target of $48. 
&#x2A; An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $46. 
&#x2A; An analyst from Morgan Stanley persists with their Overweight rating on Bank of America, maintaining a target price of $47. 
&#x2A; An analyst from Keefe, Bruyette &amp; Woods persists with their Outperform rating on Bank of America, maintaining a target price of $50. 
&#x2A; Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Bank of America with a target price of $50. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Bank of America options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Looking At Bank of America's Recent Unusual Options Activity

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$43.00</td>
<td>$41.0K</td>
<td>19.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$63.00</td>
<td>$43.2K</td>
<td>642</td>
<td>775</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$70.00</td>
<td>$50.8K</td>
<td>680</td>
<td>652</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$398.3K</td>
<td>351</td>
<td>311</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$110.00</td>
<td>$28.2K</td>
<td>178</td>
<td>270</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$175.00</td>
<td>$51.8K</td>
<td>2.2K</td>
<td>239</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$230.00</td>
<td>$37.4K</td>
<td>479</td>
<td>235</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$150.00</td>
<td>$32.5K</td>
<td>2.4K</td>
<td>155</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a call option sweep that happens to be bearish, expiring in 22 day(s) on November 15, 2024. This event was a transfer of 500 contract(s) at a $43.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $41.0K, with a price of $82.0 per contract. There were 19876 open contracts at this strike prior to today, and today 1088 contract(s) were bought and sold. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option trade that happens to be bearish, expiring in 15 day(s) on November 8, 2024. This event was a transfer of 300 contract(s) at a $63.00 strike. The total cost received by the writing party (or parties) was $43.2K, with a price of $144.0 per contract. There were 642 open contracts at this strike prior to today, and today 775 contract(s) were bought and sold. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a put option sweep with bearish sentiment. It expires in 57 day(s) on December 20, 2024. Parties traded 87 contract(s) at a $70.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $50.8K, with a price of $585.0 per contract. There were 680 open contracts at this strike prior to today, and today 652 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be neutral, expiring in 449 day(s) on January 16, 2026. This event was a transfer of 20 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $398.3K, with a price of $19915.0 per contract. There were 351 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option sweep that happens to be bullish, expiring in 175 day(s) on April 17, 2025. This event was a transfer of 166 contract(s) at a $110.00 strike. This particular call needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $28.2K, with a price of $170.0 per contract. There were 178 open contracts at this strike prior to today, and today 270 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a call option trade that happens to be neutral, expiring in 22 day(s) on November 15, 2024. This event was a transfer of 192 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $51.8K, with a price of $270.0 per contract. There were 2268 open contracts at this strike prior to today, and today 239 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a put option sweep that happens to be bullish, expiring in 85 day(s) on January 17, 2025. This event was a transfer of 30 contract(s) at a $230.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $37.4K, with a price of $1246.0 per contract. There were 479 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold. 
• Regarding COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we observe a put option trade with neutral sentiment. It expires in 22 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $650.0 per contract. There were 2436 open contracts at this strike prior to today, and today 155 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PYPL

8 Financials Stocks With Whale Alerts In Today's Session

Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) CEO Brian Moynihan has cautioned the Federal Reserve against implementing overly aggressive<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41430079/us-banks-plan-sharp-cuts-in-corporate-deposit-returns-as-fed-lowers-interest-rates-"> interest rate cuts. </a>
What Happened: Moynihan&#8217;s comments came during<a href="https://www.bloomberg.com/news/articles/2024-10-23/bank-of-america-ceo-urges-fed-to-not-go-too-hard-on-rate-cuts?srnd=homepage-americas&amp;sref=TBDibEcD"> an interview </a>with Bloomberg TV in Australia, where Bank of America is celebrating 60 years of operations in the country. He emphasized the need for a balanced approach to monetary policy, suggesting that the Fed should be careful not to reduce rates too quickly or too drastically. 
The Bank of America CEO said there is a danger that "they go too fast or too slow and that risk is higher now than it was six months ago," Moynihan said.&nbsp;
Moynihan said that the Fed was "late to the game" when deciding to begin cutting rates and now they should make sure not to move lower too quickly.&nbsp;
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41431993/amd-to-benefit-from-ai-competitive-arms-race-goldman-sachs"> AMD To Benefit From AI &#8216;Competitive Arms Race&#8217;: Goldman Sachs</a>
Moynihan told Bloomberg he expects the Fed to cut rates by an additional 50 basis points before the end of the year and expects four more cuts of 25 basis points each spread evenly during 2025. Such a scenario would bring the terminal rate to 3.25% and Moynihan sees inflation dipping to 2.3% into 2025 and 2026 in that rate environment. 
The CEO said last week that the bank expects a "no landing" scenario for the U.S. with economic growth remaining strong and avoiding a recession. 
"With an unemployment rate at 4% and wage growth at 5%, it's hard for an economist to convince the world there's going to be a recession," he said.
BAC Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Bank of America shares are down 0.3% to $42.17 at the time of publication Wednesday.
Read Also:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41379867/european-central-bank-lowers-interest-rates-again-first-back-to-back-cuts-in-13-years">European Central Bank Lowers Interest Rates Again, First Back-To-Back Cuts In 13 Years</a></li>
</ul>
Image courtesy of <a href="https://www.flickr.com/photos/96739999@N05/">Brookings Institution</a> on Flickr.

Federal Reserve

Bank Of America CEO Cautions Fed Not To 'Go Too Fast Or Too Slow' On Interest Rate Cuts

U.S. banks are preparing to slash interest payments on corporate deposits as the Federal Reserve&#8217;s recent <a href="https://www.benzinga.com/topic/interest-rates">rate cuts take effect. </a>
Following the Fed's decision in September to lower its benchmark rate by 50 basis points, the first reduction in over four years, U.S. financial institutions are focusing on corporate deposits as a key area to maintain profit margins amid declining interest levels, according to a report from the <a href="https://www.ft.com/content/1056329a-9500-468f-89b7-1834ba6e6090">Financial Times</a>.
<h3 class="wp-block-heading">Corporate Deposit Rates Come Under Pressure</h3>
In the wake of the Federal Reserve&#8217;s rapid rate hikes through 2022 and early 2023, banks increased interest payments on deposits to retain customers.
As benchmark interest rates soared to 23-year highs, corporate depositors, in particular, saw rates on their accounts rise sharply with Fed policy, the FT reported. These accounts became a significant tool for banks to attract and retain capital, preventing businesses from shifting funds into higher-yielding alternatives like money market funds.
With the recent rate cuts and more expected in the coming months, U.S. banks are now focusing on reducing the costs associated with these corporate deposits.
Several industry executives have echoed this sentiment. Bruce Van Saun, CEO of Citizens Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>), told the FT that banks are actively pricing down deposits in corporate accounts since &#8220;they were demanding every penny on the way up.&#8221;
This trend is likely to continue, with projections indicating that the Fed&#8217;s rates could fall from 5% to around 3% by 2026.
<h3 class="wp-block-heading">Banks Leverage Flexibility Amid Weak Loan Demand</h3>
The environment of lower interest rates has also coincided with a downturn in loan demand. 
While this has pressured banks&#8217; net interest income, it has provided more flexibility when it comes to adjusting deposit rates. 
Jason Goldberg, a research analyst at Barclays, told the FT: "it's still very early in the cycle, but you certainly have started to see banks take action a little bit prior to this Fed cut in mid-September."
<h3 class="wp-block-heading">Small, Midsized Banks Eye Margin Protections</h3>
Mid-sized and smaller U.S. banks have been under significant pressure to raise the interest rates they offer on savings accounts in order to prevent customers from moving their money elsewhere. 
This competition has been especially tough for regional banks, while larger institutions like JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) have had an advantage. Nearly one-third of JPMorgan deposits earn no interest, the FT report said. 
Citizens Financial, which holds approximately $175 billion in deposits, is among the regional players employing sophisticated models to balance customer retention with deposit rate cuts. 
Van Saun reportedly said the bank takes a &#8220;very, very scientific&#8221; approach to pricing deposits, ensuring that rates are high enough to keep corporate clients satisfied but not so high as to erode profitability.
<h3 class="wp-block-heading">Implications For Bank Stocks </h3>
Shares of major U.S. financial institutions, tracked by the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), are trading at record highs following a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41331839/financial-sector-hits-record-highs-as-goldman-sachs-bank-of-america-citi-beat-q3-ea">robust third-quarter earnings season. </a>
Major banks like JPMorgan Chase &amp; Co., Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) , Bank of America, Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) and Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) all exceeded earnings expectations, brightening the outlook for their shareholders.
For these large institutions, the planned cuts in corporate deposit rates could further bolster their profit margins, or at the very least help them maintain profitability. Their scale and perceived safety make it unlikely that such moves will result in significant withdrawals, providing a strategic advantage.
In contrast, smaller and mid-sized banks, represented by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), have less flexibility to cut interest rates on corporate deposits without risking customer attrition. 
With heightened competition in the sector, these banks are in a more precarious position — overly aggressive cuts could prompt corporate depositors to move their funds elsewhere. As a result, these institutions may face pressure on their profit margins to keep depositors satisfied.
A silver lining could exist: for regional banks: lower interest rates might stimulate loan demand, which could help offset the pressure on deposit funding costs by increasing lending volumes.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41402089/goldman-sachs-highlights-20-top-short-squeeze-opportunities-for-q3-earnings-season">Goldman Sachs Highlights 20 Top Short-Squeeze Opportunities For Q3 Earnings Season</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Large Cap

Mid Cap

Sector ETFs

Small Cap

Econ #s

Media

ETFs

US Banks Plan Sharp Cuts In Corporate Deposit Returns As Fed Lowers Interest Rates: Could Financial Stocks Take A Hit?

Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) shares are trading lower premarket on Monday after the firm stated that it is streamlining foreign exchange (FX) risk management for <a href="https://www.benzinga.com/markets/forex">cross-currency payments and receipts</a>.
The bank introduced Guaranteed FX Rates of up to one year. That&#8217;s the <a href="https://www.benzinga.com/pressreleases/24/10/n41419853/bofa-extends-guaranteed-fx-rates-up-to-1-year" target="_blank" rel="noreferrer noopener">longest tenor in the industry</a>, Bank of America says. This solution will help companies reduce exposure to currency fluctuations and simplifies treasury management tasks like forecasting and reconciliation.
This year marks the eighth anniversary of Bank of America&#8217;s introduction of Guaranteed FX Rates beyond a 24-hour tenor.
The solution has evolved to support over 200 currency pairings and multiple tenors, with demand driving an increase in eligible currencies.
The one-year tenor is now available for 37 currency pairs, including high-volume pairs like USD/MXN, EUR/USD, USD/CAD, GBP/USD, EUR/CZK, and AUD/USD.
&#8220;For corporate treasurers, volatile FX markets exacerbate the challenge of cash flow forecasting,&#8221;&nbsp;said&nbsp;Daniel Stanton, head of Transactional FX in Global Payments Solutions at Bank of America said,&nbsp;&#8220;Securing guaranteed FX rates of longer tenors can help them improve forecasting, which will lead to better informed decision-making.&#8221;
Notably, clients who adopted the Guaranteed FX Rates in 2024 have contributed over 20% to year-to-date volume growth.
Recently, Bank of America reported a third-quarter net income of $6.9 billion, beating estimates with EPS of $0.81, though <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41330174/bank-of-america-q3-earnings-profit-drops-12-on-loan-loss-provisions-investment-banking-fees-soar-18" rel="noreferrer noopener">down 12% YoY due to rising expenses</a>.
Investors can gain access to the stock via&nbsp;First Trust Nasdaq Bank ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXO#NASDAQ">FTXO</a>)&nbsp;and&nbsp;Invesco KBW Bank ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KBWB#NASDAQ">KBWB</a>).
Price Action: Bank of America shares are down 0.21% at $42.23 premarket at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41362218/bank-of-america-inflection-to-continue-into-q4-analysts-provide-takeaways-from-q3-r" target="_blank" rel="noreferrer noopener">Bank Of America Inflection To Continue Into Q4, Analysts Provide Takeaways From Q3 Results</a></li>
</ul>
Image: Shutterstock

FTXO

KBWB

Bank Of America Unveils Longest Foreign Exchange Rate Guarantee

U.S. stocks could get off to a mixed start on Monday after the <a href="https://www.benzinga.com/markets/asia/24/10/41411026/bank-earnings-propel-wall-street-to-record-peaks-oil-plunges-below-70-gold-shines-at-all-time-highs">averages posted weekly gains for a sixth straight week</a>.
Earning news flow will pick up momentum in the coming days, potentially cushioning any downside, with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and several others set to post their results through Friday.
Nearly a fifth of S&amp;P 500 companies are set to report their earnings this week. Cumulative earnings of S&amp;P 500 companies are set to rise for a fifth straight quarter, FactSet said. According to the analytics firm, 79% of the 14% of S&amp;P 500 companies that have reported so far have exceeded Street expectations.
On Monday, traders could focus on earnings from over 100 S&amp;P 500 companies, and some focus could also be on the housing market.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.23%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.08%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.03%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.17%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.21% to $583.38 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.38% to $492.60, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week:
Despite simmering tensions in the Middle East, Energy was the worst-performing sector in the market due to multiple factors. Slower economic growth in China and a surge in U.S. oil production resulted in a fall of over 8% in WTI crude prices.
The Dow Jones Industrial Average and the S&amp;P 500 Index jumped to fresh highs in intraday trading on Friday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Week&#8217;s Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.07%</td>
<td>18,489.55</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.08%</td>
<td>5,864.67</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.49%</td>
<td>43,275.91</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.87%</td>
<td>2,276.09</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, Chief Market Strategist at&nbsp;Carson Group, recently highlighted positive trends for the S&amp;P 500, noting that the index has risen in 10 of the last 11 months.
Detrick emphasized the significance of sustained bull markets, remarking, "Once a bull market gets past its second birthday, they tend to last for many more years." This insight suggests a robust outlook for investors as the current bull market matures.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Remember, once a bull market gets past it&#39;s second birthday they tend to last for many more years. <a href="https://t.co/KqOUsMganF">pic.twitter.com/KqOUsMganF</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1848191226303967442?ref_src=twsrc%5Etfw">October 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Detrick underscored that the S&amp;P 500 has registered a six-week streak of gains for the first time this year. Referencing data from 51 similar instances in the past, Detrick concluded that stocks surged 86.3% of the time when this happened, registering an average increase of 11.1%.
"Both are better than any-time returns," he noted, reinforcing his bullish sentiment.
Nathan Peterson, Director of Derivatives Analysis at the Schwab Center for Financial Research, <a href="https://www.schwab.com/learn/story/weekly-traders-outlook">noted</a> that the focus will be on earnings next week.
"At this point in time, I don&#8217;t see enough to suggest that we may be setting up for a mean reversion pullback, so the path of least resistance still seems to be higher in my view."
He underscored that his view on equities this week is "slightly bullish."
However, in case earnings momentum reverses, investors could book profits, Peterson added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
This week's economic calendar is light, but housing market data could influence investor sentiment – September's existing home sales data is scheduled to be released on Wednesday, while new home sales data will be out on Thursday.
<ul>
<li>On Monday, Dallas Fed President Lorie Logan will speak at 8:55 a.m. ET.</li>
<li>On Tuesday, Philadelphia Fed President Patrick Harker has a speech scheduled at 10 a.m. ET.</li>
<li>On Wednesday, Fed Governor Michelle Bowman is scheduled to speak at 9 a.m. ET.</li>
<li>Initial jobless claims are scheduled to be released on Thursday at 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) surged 3.8% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the company <a href="https://www.benzinga.com/markets/equities/24/10/41422870/boeing-lands-big-win-emirates-orders-5-more-777-freighters">landed a big win</a> with Emirates SkyCargo ordering five more Boeing 777 freighters.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) edged lower, down by 0.8% after Friday&#8217;s marginal decline of 0.1%.</li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose 0.33%, building on gains of 0.8% on Friday.</li>
<li>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) shares fell 0.3% in premarket trading after the company announced the extension of guaranteed exchange rates by up to a year.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures edged up in the early New York session, rising nearly 1.65% as China lowered its key lending rates to support the economy.
The 10-year Treasury note yield rose marginally to 4.126%.
Most major Asian markets ended lower on Monday, with Chinese markets edging lower amid economic growth concerns.
European stocks showed tentativeness and were mostly lower in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41422633/investors-lost-over-95-of-their-wealth-in-this-nvidia-linked-etf-while-jensen-huang-led-chip-gia">Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year</a></li>
</ul>
Photo courtesy: Shutterstock

Futures

Previews

Economics

Pre-Market Outlook

NVDA

TSLA

US Stocks Set To Open On A Mixed Note As Investors Await Earnings From Tesla, Boeing, GM And Others: Strategist Predicts Significant Gains In This Bull Market

<ul>
<li>Extension Follows Growth In Cross-Border Payments</li>
<li>Company Named World&#39;s Best Bank for FX Payments</li>
</ul>

Bank of America Extends Guaranteed FX Rates To 1 Year, Simplifying Cross-Border Payment Risk Management

Phillip Securities analyst Glenn Thum upgrades Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) from Neutral to Accumulate and announces $44 price target.

Upgrades

Phillip Securities Upgrades Bank of America to Accumulate, Announces $44 Price Target

Bank of America shares are trading flat week, though near 52-week highs. The company reported a strong Q3 fiscal 2024 net income of $6.9 billion.
Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) shares are trading flat this week, though near 52-week highs, after the company announced a robust third-quarter fiscal 2024 net income of $6.9 billion, translating to EPS of 81 cents, <a href="https://www.benzinga.com/news/earnings/24/10/41330174/bank-of-america-q3-earnings-profit-drops-12-on-loan-loss-provisions-investment-banking-fees-soar-18">surpassing analyst expectations</a> of 77 cents.
However, the bank experienced a 12% decline in net income year-on-year, primarily attributed to higher provisions for loan losses and increasing operational expenses.
Despite this, the bank reported a modest revenue growth, with net revenue rising 1% to $25.49 billion, exceeding the consensus estimate of $25.29 billion.
What To Know: The results were buoyed by gains in trading revenue, asset management and investment banking fees, which collectively helped offset a decrease in net interest income. This positive momentum resulted in a stock price increase following the earnings announcement.
In terms of segment performance, Consumer Banking reported net income of $2.69 billion, down from $2.86 billion year-on-year. Global Wealth and Investment Management saw a slight increase in net income to $1.06 billion from $1.03 billion, while Global Banking experienced a significant drop to $1.9 billion from $2.6 billion.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41400722/american-express-q3-earnings-profit-beats-estimate-card-spending-grows-revises-annual-outlook">American Express Q3 Earnings: Profit Beats Estimate, Card Spending Grows, Revises Annual Outlook</a>
Conversely, Global Markets reported a net income rise to $1.55 billion, up from $1.26 billion the previous year. Notably, investment banking fees surged 18% to $1.40 billion, underscoring the bank&rsquo;s solid position in this competitive sector.
What Else: Despite a decrease in net interest income to $14.1 billion&mdash;down 3% year-on-year due to elevated deposit costs&mdash;Bank of America&rsquo;s noninterest income rose by 5.5% to $11.4 billion. The provision for credit losses remained stable at $1.5 billion year-on-year, reflecting a cautious approach amidst changing economic conditions.
Looking ahead, Bank of America anticipates net interest income of approximately $14.50 billion in the fourth quarter, assuming a 25 basis points interest rate cut.
This outlook comes after the Federal Reserve&rsquo;s recent decision to lower the lending rate by 50 basis points, reducing the benchmark rate to 4.75%-5%. This rate cut could serve as a tailwind for banks by facilitating cheaper borrowing and encouraging lending activities.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41402089/goldman-sachs-highlights-20-top-short-squeeze-opportunities-for-q3-earnings-season">Goldman Sachs Highlights 20 Top Short-Squeeze Opportunities For Q3 Earnings Season</a>
<h2 class="wp-block-heading">How To Buy BAC Stock</h2>
By now you&#39;re likely curious about how to participate in the market for Bank of America &ndash; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy &lsquo;fractional shares,&#39; which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you&#39;re looking to bet against a company, the process is more complex. You&#39;ll need access to an options trading platform, or a broker who will allow you to &lsquo;go short&#39; a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &ndash; either way it allows you to profit off of the share price decline.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, BAC has a 52-week high of $44.44 and a 52-week low of $24.96.

What's Going On With Bank Of America (BAC) Shares

Bank of America's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) short percent of float has fallen 3.85% since its last report. The company recently reported that it has 67.38 million shares sold short, which is 1.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.76 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Bank of America Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729192522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bank of America has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Bank of America's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Bank of America's peer group average for short interest as a percentage of float is 1.12%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(BAC) - Analyzing Bank of America's Short Interest

The most critical earnings set for investors to look over and digest this season have just come out, and those are the results of the financial sector, particularly from banking stocks. However, investors need to understand that there are two types of banks to watch over this season: commercial banks and investment banks. The former covers the business cycle, while the latter covers the consumer cycle.
Investors would be surprised to learn that shares of Citigroup Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) are down by over 5% the day after the bank reported its latest quarterly earnings results. The reason for the stock&#39;s decline, however, has little to do with Citigroup&#39;s actual revenues and fees and more with an industry metric and regulatory speculations.
This doesn&#39;t clear Citigroup out of trouble; otherwise, bullish traders and investors would have come running to the stock once the discount became apparent enough for everyone to close the gap and bring it back to its reasonably perceived price before the selloff took place. Investors can see the bearish momentum building up further in two simple metrics for Citigroup stock as a potential warning for the rest of the industry.
<h2>Citigroup Becomes the Latest Victim of a Worsening Consumer Sector</h2>
Credit losses and delinquency rates are on the rise. This trend has been accelerating since a couple of quarters ago, showing investors why consumer discretionary stocks like Nike Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) and Lululemon Athletica Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lulu#NASDAQ">LULU</a>) both trade significantly below their 52-week high prices.
For Citigroup, this trend came in the form of a $2.7 billion credit loss, which management directly quotes as being accredited to credit losses in their card business. This is not a Citigroup-specific issue but rather an industry-wide issue, considering that peers like Bank of America Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bac#NYSE">BAC</a>) have also reported similar deteriorations in their credit card business.
Even corporate banks like Goldman Sachs Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) have decided to stay out of the consumer segment by ditching their consumer products initiative, particularly with Apple Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) and their credit card collaborations. Going back to Citigroup, investors can notice the rise in 90-day delinquencies for their cards.
Now at 1.5%, compared to the 1.3% from 12 years ago, 90-day delinquencies show concern for the rest of the banks and stocks involved with the health of the U.S. consumer. This is not enough to send the stock lower by 5%, however, but the following factor is.
<h2>Citigroup Stock Selloff: Regulatory Speculation and Faltering Profits Behind the Decline</h2>
Citigroup&#39;s CEO, Jane Fraser, had to defend herself against accusations and speculations from analysts during the earnings call, all centered on the thought that Citigroup might suffer from what&#39;s known as an &quot;asset cap.&quot; Recently, another bank was deemed guilty enough of wrongdoing to have an asset cap placed on it.
Shares of Toronto-Dominion Bank (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/td#NYSE">TD</a>) are down over 13.5% from their 52-week high after the bank was accused of money laundering. While that has nothing to do with Citigroup, analysts are rightfully concerned about the possibility of these issues spilling over to other bank names.
These fears were sparked by the falling profitability at Citigroup, specifically with one of the industry&#39;s most important metrics. The bank&#39;s return on tangible common equity (ROTCE) fell to a low of 7%, which alarmed investors, considering most peers delivered a near-double rate of return.
Bank of America, for example, reported a much higher ROTCE of 12.8% on the same day. This creates concerns about Citigroup&#39;s management&#39;s ability to effectively invest the bank&#39;s capital to deliver industry-attractive rates of return, severely compressing Citigroup&#39;s future potential earnings per share (EPS).
A 7% decline in Citigroup&#39;s EPS attracted further bearish sentiment and momentum for the stock. Starting with short sellers, the bank&#39;s short interest has been on the rise over the past quarter, from $1.5 billion to over $2.2 billion this quarter.
Broader markets agree with Citigroup stock&#39;s further potential downside, as investors can gauge through current valuation multiples compared to the rest of the finance sector. Specifically, investors can look at Citigroup&#39;s 18.5x price-to-earnings (P/E) ratio as a major discount to the finance sector&#39;s average valuation of 49.5x today.
Markets typically discount a stock when they expect lower growth or lower prices ahead, which makes sense after Citigroup&#39;s fall behind its peers in some of the important profitability metrics and price action.
The article &quot;<a href="https://www.marketbeat.com/originals/citigroup-faces-growing-troubles-could-the-industry-be-at-risk/">Citigroup Faces Growing Troubles: Could the Industry Be at Risk?</a>&quot; first appeared on MarketBeat.

Management

LULU

Citigroup Faces Growing Troubles: Could the Industry Be at Risk?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham raised Clear Secure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) price target from $40 to $45. Needham analyst Joshua Reilly maintained a Buy rating. Clear Secure shares gained 5.2% to close at $37.35 on Wednesday. See how other analysts view this stock.</li>
<li>HC Wainwright &amp; Co. boosted the price target for Phunware, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHUN#NASDAQ">PHUN</a>) from $7 to $9. HC Wainwright &amp; Co. analyst Scott Buck maintained a Buy rating. Phunware shares climbed 17.6% to close at $6.34 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird raised the price target for Jack Henry &amp; Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JKHY#NASDAQ">JKHY</a>) from $186 to $195. Baird analyst David Koning maintained a Neutral rating. Jack Henry &amp; Associates shares gained 0.5% to close at $185.67 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>B of A Securities raised O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) price target from $14 to $16. B of A Securities analyst George Staphos upgraded the stock from Neutral to Buy. O-I Glass shares fell 0.3% to close at $12.73 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank boosted Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) price target from $58 to $68. Deutsche Bank analyst Mark Devries maintained a Buy rating. Synchrony Financial shares gained 6.1% to close at $56.52 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho raised Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) price target from $600 to $650. Mizuho analyst James Lee maintained an Outperform rating. Meta shares fell 1.6% to close at $576.79 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark raised the price target for DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) from $152 to $173. Benchmark analyst Mark Zgutowicz maintained a Buy rating. DoorDash shares gained 0.7% to settle at $149.86 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho raised Lennox International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) price target from $575 to $650. Mizuho analyst Brett Linzey maintained an Outperform rating. Lennox International shares gained 0.9% to close at $600.54 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley increased the price target for Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) from $107 to $117. Morgan Stanley analyst David Lewis maintained an Equal-Weight rating. Abbott shares rose 1.5% to close at $117.82 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Ladenburg Thalmann cut Spire Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) price target from $65.5 to $60.5. Ladenburg Thalmann analyst Paul Fremont downgraded the stock from Neutral to Sell. Spire shares closed at $65.56 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying META stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="524" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17075912/image-146-1024x524.png" alt="" class="wp-image-600449" style="width:606px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17075912/image-146-1024x524.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17075912/image-146-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17075912/image-146-768x393.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17075912/image-146.png 1335w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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