Bank of America에 대한 매도 수량은 투자자에게 Bank of America의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Bank of America (NYSE:BAC) 주식, 공매도 수량 보고

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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2024년이 끝나가면서 주식 시장 가격이 상승하고 있으며 일부 사람들은 경기 침체 가능성을 걱정하고 있다. 하지만 UBS(NYSE:UBS)의 분석가들은 스트레스를 받을 필요가 없다고 말한다. 그들은 경제 변화와 기업 운영 방식으로 인해 2025년에도 가격이 계속 상승할 것이라고 생각한다.

&#39;걱정을 덜고 시장을 사랑하라&#39; - UBS 분석가들, 가격이 타당하다며 긍정적인 2025년을 예측

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월스트리트는 JP모건이 미국이 글로벌 성장 리더로 남을 것이라고 선언한 후 2025년을 자신 있게 바라보고 있다. 유럽이 구조적 문제로 씨름하는 동안, 신흥 시장은 높은 금리와 강한 달러의 역풍에 직면해 있다. 한편, 미국은 인공지능(AI) 주도 소비 증가와 강력한 자본 시장 활동으로 힘차게 나아가고 있다.

2025 주식 플레이북: 인공지능의 1조 달러 잠재력, 미국 성장 기회 활용

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수십 년 동안 유명한 가치 투자자인 워런 버핏은 시장을 타이밍하려 하지 않는다고 주장해 왔다. 하지만 그의 최근 매각은 장기간의 고평가 상황 속에서 투자자들에게 경고 신호가 될 수 있다. 무슨 일이 있었나: 버핏의 버크셔 해서웨이(NYSE:BRK)는 지난 1년 동안 가장 큰 포지션을 점진적으로 축소해왔다.

워런 버핏은 시장을 &#39;타이밍&#39;하지 않는다고 주장하지만, 그의 현금 보유량은 다른 말을

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 - Class A Ordinary Shares

Bleichroeder Acquisition Corp I

Bleichroeder Acquisition Corp. I - Right

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

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

Editor&#8217;s note: This story has been updated with comment from Zelle and Bank of America. 
The Consumer Financial Protection Bureau sued three of the nation's largest banks and the operator of Zelle last week, alleging a failure to protect consumers from widespread fraud on the peer-to-peer payment network, resulting in customer losses of more than <a href="https://www.benzinga.com/markets/equities/24/08/40155365/zelle-controversy-heats-up-jpmorgan-considers-legal-action">$870 million since 2017.&nbsp;</a>
The Details: The CFPB's <a href="https://www.consumerfinance.gov/enforcement/actions/early-warning-services-llc-bank-of-america-na-jpmorgan-chase-bank-na-wells-fargo-bank-na/">lawsuit</a> alleges that JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Early Warning Services rushed to complete the Zelle payment network in order to compete with Venmo and CashApp and neglected to enact effective fraud safeguards. 
Read Next: <a href="https://www.benzinga.com/news/24/12/42669113/waymos-autonomous-vehicles-are-safer-than-human-drivers-report">Waymo&#8217;s Autonomous Vehicles Are Safer Than Human Drivers: Report</a>
"The nation's largest banks felt threatened by competing payment apps, so they rushed to put out Zelle," said CFPB Director Rohit Chopra. "By their failing to put in place proper safeguards, Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves."
The lawsuit further alleges that the banks "systemically failed" their customers by failing to properly investigate customer complaints or share information on known acts of fraud which allowed bad actors to hop between banks and commit repeated fraudulent transactions.&nbsp;
Zelle told Benzinga in an emailed statement that it sees the CFPB's lawsuit as politically motivated and&nbsp; "legally and factually flawed." Zelle said it "leads the fight against scams and fraud" and that its reimbursement policies exceed those required by law.
"The CFPB's misguided attacks will embolden criminals, cost consumers more in fees, stifle small businesses and make it harder for thousands of community banks and credit unions to compete,&#8221; said&nbsp;Jane Khodos, Zelle spokesperson.
A Bank of America spokesperson told Benzinga that more than 99.5% of Zelle transactions go through without incident and when an issue arises, the bank works directly with the customer to resolve it.
"We strongly disagree with the CFPB's effort to impose huge new costs on the 2,200 banks and credit unions that offer the free Zelle service to clients," Bank of America added.
Benzinga also contacted JPMorgan, Wells Fargo, Bank of America and Early Warning Services for comment on the lawsuit.
JPMorgan told CBS News that the CFPB has a &#8220;political agenda,&#8221;and the agency is &#8220;overreaching its authority by making banks accountable for criminals, even including romance scammers.&#8221;
The CFPB said its lawsuit aims to stop the banks' alleged unlawful practices, secure penalties for the violations and obtain other relief for consumers.&nbsp;
"The banks failed to fix glaring flaws in their systems even as hundreds of thousands of customers filed complaints about fraud," Chopra said in a <a href="https://www.consumerfinance.gov/about-us/newsroom/prepared-press-call-remarks-of-cfpb-director-rohit-chopra-on-the-zelle-lawsuit-announcement/">statement</a>.
"The banks knew their customers were having their money stolen, but since they weren't bearing the cost of these losses themselves, they dragged their feet on fixing the problems," he added.&nbsp;
Read Next:&nbsp;
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</ul>
Image: Shutterstock.

Fintech news covering the emerging Financial Technology services sector

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'Zelle Became A Gold Mine For Fraudsters': Consumer Financial Protection Bureau Lawsuit (UPDATED)

Bank Of America Reveals Full Redemption Of Its Series MM Preferred Stock And Related Depositary Shares

<a target="_blank" href="https://www.benzinga.com/topic/big-banks?page=5" rel="noreferrer noopener">Major U.S. banks</a>, including JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), filed a lawsuit against the Federal Reserve on Tuesday, challenging the transparency of its annual stress test procedures.
Leading banking and business organizations, including the Bank Policy Institute (BPI), American Bankers Association (ABA), U.S. Chamber of Commerce, Ohio Bankers League, and Ohio Chamber of Commerce, joined the <a target="_blank" href="https://bpi.com/banks-and-business-groups-file-legal-challenge-against-federal-reserve-over-flawed-stress-testing-framework/" rel="noreferrer noopener">lawsuit </a>against the Federal Reserve. These tests, which assess banks&#8217; resilience during economic crises, are a cornerstone of financial risk management. However, the plaintiffs argue that the current system violates federal law by excluding required public input.
The litigation addresses long-standing concerns about the opacity of the Federal Reserve&#8217;s stress testing procedures, which the plaintiffs claim lead to excessive and volatile capital requirements. These charges, they say, hinder banks&#8217; ability to lend, support households and businesses, and contribute to economic growth. While acknowledging the importance of stress testing, the groups emphasize the need for reforms to create a fairer and more predictable regulatory environment.
Greg Baer, CEO of the BPI, stated that the current regime results in inaccurate and excessive capital charges, which reduce lending and stifle economic growth.
Rob Nichols, CEO of the ABA, criticized the stress tests for shielding critical supervisory models from public scrutiny.
Michael Adelman, CEO of the Ohio Bankers League, stressed that the lawsuit is about enforcing compliance with federal laws.
Tom Quaadman of the U.S. Chamber of Commerce highlighted the detrimental effects of the current system on small businesses, which rely on bank lending for growth.
The lawsuit follows the Fed&#8217;s <a href="https://www.federalreserve.gov/newsevents/pressreleases/bcreg20241223a.htm">recent </a>announcement to overhaul its stress test regime and seek public input on proposed changes in early 2025, the Wall Street Journal <a href="https://www.wsj.com/finance/regulation/banks-sue-federal-reserve-over-lack-of-transparency-in-stress-testing-0db6a002" target="_blank" rel="noreferrer noopener">reports</a>.
The lawsuit highlights the economic implications of unexpected capital burdens, stating they could impose &#8220;billions of dollars&#8221; in costs and negatively impact the broader economy.
The banks also noted that a statute of limitations on stress-test rule changes will expire in February, prompting their decision to file the suit now.
The latest test assessed how banks would manage a 40% decline in commercial real estate prices and a 36% drop in house prices.
The Federal Reserve evaluates these results to determine the total capital banks need to absorb potential losses, the Financial Times <a target="_blank" href="https://www.ft.com/content/56def327-dbf7-42f1-8aba-218259ebd4a1" rel="noreferrer noopener">reports</a>.
Since the 2008 financial crisis, banks have faced increased regulatory scrutiny, including stringent capital requirements.
Executives like Jamie Dimon of JPMorgan Chase and Brian Moynihan of Bank of America have criticized these rules for driving financial activities into less transparent markets.
The Federal Reserve&#8217;s Vice Chair for Supervision, Michael Barr, had proposed raising capital requirements for large banks but delayed those plans following industry opposition.
Six leading <a target="_blank" href="https://www.benzinga.com/government/24/06/39506407/6-biggest-us-banks-ramp-up-buybacks-undeterred-by-stress-tests" rel="noreferrer noopener">U.S. banks, including</a> JPMorgan Chase, Bank of America, Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), and Citigroup repurchased over $14 billion in shares in the first quarter.
In June, Bank of America analyst Ebrahim H. Poonawala criticized the Federal Reserve&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39531404/bank-of-america-analyst-highlights-fed-stress-test-opacity-varying-bank-impacts-gol" rel="noreferrer noopener">stress test process</a>, highlighting its &#8220;inherent opacity.&#8221; These evaluations, which assess banks&#8217; resilience under severe economic scenarios, revealed varying impacts on capital requirements. Poonawala noted that while banks demonstrated adequate buffers, the tests showed higher-than-expected losses.
In June, JPMorgan analyst Vivek Juneja analyzed the Federal Reserve&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39536951/bank-stress-tests-much-bigger-surprise-than-expected-will-delay-future-investment-p" target="_blank" rel="noreferrer noopener">annual stress test results</a>, highlighting larger-than-expected increases in stress capital buffers for major banks. He noted that the elevated capital requirements could delay or reduce long-term capital return strategies for these institutions.
Image via Shutterstock.

Media

Banks And Business Groups Challenge Fed's Stress Test Rules

U.S. financial markets will observe the Christmas holiday with modified trading hours, marking a brief pause in what has been an <a href="https://www.benzinga.com/markets/equities/24/12/42665923/is-stock-market-open-on-christmas-eve-2024-a-quick-guide-for-market-hours-banks-and-whats-closed-for-santa-claus">eventful year for Wall Street</a>.
The New York Stock Exchange and Nasdaq will remain fully closed on Wednesday, Dec. 25, for Christmas Day. The bond market will follow a similar schedule, with the Securities Industry and Financial Markets Association <a href="https://www.sifma.org/resources/general/holiday-schedule/">announcing</a> a 2 p.m. ET close on Christmas Eve.
The adjusted schedule affects a broad range of market participants, from institutional investors to retail traders. Regular trading will resume on Thursday, Dec. 26, giving market participants time to position themselves before the year&#8217;s final trading week.
Meanwhile, the SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which tracks the S&amp;P 500 saw its year-to-date returns climb by 27.35%, while that of the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which represents the Nasdaq composite, rose by 29.41%.
While traditional markets pause, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and other cryptocurrencies will continue trading non-stop on global exchanges, demonstrating the digital asset market&#8217;s unique 24/7 accessibility.
See Also: <a href="https://www.benzinga.com/news/24/12/42676790/mega-millions-jackpot-hits-1-billion-on-christmas-eve-amid-year-of-rare-wins">Christmas Eve Mega Millions: Jackpot Soars To Record $1 Billion In Year Of Rare Wins</a>
Looking ahead, investors should note that while stock markets will maintain regular hours on New Year&#8217;s Eve, the bond market will close early at 2 p.m. ET on Dec 31. All U.S. markets will be closed on Jan. 1, 2025, for New Year&#8217;s Day.
The holiday closures come as Asian markets maintain varying schedules. The Hong Kong Stock Exchange will operate abbreviated sessions around Christmas, while the Shanghai Stock Exchange and Tokyo Stock Exchange will continue normal operations during this period.
Major U.S. financial institutions, including Bank of America Corp, JPMorgan Chase &amp; Co, and Citigroup Inc., will close their branches on Christmas Day, aligning with the market holiday schedule.
Read Next: 
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<li><a href="https://www.benzinga.com/news/global/24/12/42676444/biden-harris-and-pope-francis-deliver-messages-of-hope-and-inclusion-on-christmas-eve-trump-promotes-his-new-book-as-hottest-gift">Biden, Harris, And Pope Francis Deliver Messages Of Hope And Inclusion On Christmas Eve, Trump Promotes His New Book As &#8216;Hottest Gift&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Is Stock Market Open Or Closed On Christmas Day 2024? Here Is What You Can Trade Today

Warren Buffett&nbsp;is entering 2025 with the largest cash reserve at&nbsp;Berkshire Hathaway&nbsp;(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>) in over three decades. 
What Happened:&nbsp;The conglomerate&#8217;s cash holdings have reached a staggering $325 billion, marking the highest percentage of total assets since 1990, CNBC<a href="https://www.cnbc.com/2024/12/22/buffett-heads-into-2025-with-biggest-cash-position-in-more-than-30-years.html"> reported</a> on Tuesday.
This cash accumulation comes as Buffett, 94, finds few attractive investment opportunities amid a highly valued market. The &#8220;Buffett indicator,&#8221; which compares&nbsp;the total market value of&nbsp;U.S. stocks to GDP, has soared to 209%, a level not seen since the 1929 market peak, according to Oppenheimer data.
Throughout 2024, Buffett sold significant portions of his largest holdings, including&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Bank of America Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), offloading $133 billion in stocks during the year&#8217;s first three quarters. Despite this, Berkshire&#8217;s shares rose 27% in 2024, its best performance since 2021.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/12/42642371/smith-wessons-fate-hangs-in-the-balance-as-supreme-court-weighs-mexicos-gun-trafficking-lawsuit-swbi-stock-down-27-over-past-month-heres-whats-next?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Smith &amp; Wesson&#8217;s Fate Hangs In The Balance As Supreme Court Weighs Mexico&#8217;s Gun Trafficking Lawsuit: SWBI&nbsp;Stock Down 27% Over Past Month, Here&#8217;s What&#8217;s Next</a>
Buffett&#8217;s strategy may involve waiting for a major acquisition opportunity, potentially benefiting his successor,&nbsp;Greg Abel. Analyst&nbsp;Kevin Heal&nbsp;from Argus Research suggests that some of the cash could be used for investments in distressed situations, allowing successors to leave their mark.
"This will also provide an opportunity for the successors to make their own mark when Mr. Buffett ocially hands over the reins."
Why It Matters: This substantial cash reserve positions Berkshire Hathaway for strategic maneuvers in the coming years. Recently, Buffett&#8217;s investment activities have shown a shift. In December, Berkshire significantly increased its stake in <a href="https://www.benzinga.com/markets/equities/24/12/42666459/warren-buffett-once-called-berkshire-the-opposite-of-those-who-hurry-to-sell-now-hes-offloading-apple-and-snapping-up-occidental-petroleum-amid-a-20-drop">Occidental Petroleum Corp.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), acquiring approximately 8.9 million shares over a few days. This move, totaling around $405 million, raised Berkshire&#8217;s ownership to 28% of Occidental, valued at approximately $12 billion.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, BRK.A&#8217;s YTD returns rose by 25.69% while that of BRK.B increased by 25.35%
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42642808/americas-fatal-flaw-is-its-sharply-increasing-addiction-to-government-debt-says-expert-and-the-mother-of-all-bubbles-is-ready-to-pop?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">America&#8217;s &#8216;Fatal Flaw&#8217; Is Its &#8216;Sharply Increasing Addiction&#8217; To Government Debt, Says Expert And The &#8216;Mother Of All Bubbles&#8217; Is Ready To Pop</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

Warren Buffett Heads Into 2025 With $325 Billion Cash Pile, His Largest in Over Three Decades: Expert Says It 'Will Provide An Opportunity For The Successors To Make Their Own Mark'

The Office of the Comptroller of the Currency (OCC) today issued a cease-and-desist order (order) against Bank of America, N.A. (bank) for deficiencies related to its Bank Secrecy Act (BSA) and sanctions compliance programs.
<a href="https://occ.gov/news-issuances/news-releases/2024/nr-occ-2024-140.html" title="https://occ.gov/news-issuances/news-releases/2024/nr-occ-2024-140.html">https://occ.gov/news-issuances/news-releases/2024/nr-occ-2024-140.html</a>

'OCC Issues Cease and Desist Order Against Bank of America for BSA Deficiencies' - OCC

Whales with a lot of money to spend have taken a noticeably bullish stance on Bank of America.
Looking at options history for Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 63% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $278,150 and 5, calls, for a total amount of $284,505.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $52.5 for Bank of America over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Bank of America's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bank of America's whale trades within a strike price range from $30.0 to $52.5 in the last 30 days. 
<h3>Bank of America 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734623176_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.4</td>
<td>$7.1</td>
<td>$7.4</td>
<td>$40.00</td>
<td>$111.0K</td>
<td>19.1K</td>
<td align="right">153</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.65</td>
<td>$9.55</td>
<td>$9.55</td>
<td>$52.50</td>
<td>$78.3K</td>
<td>970</td>
<td align="right">82</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$14.15</td>
<td>$14.1</td>
<td>$14.15</td>
<td>$30.00</td>
<td>$70.7K</td>
<td>25.7K</td>
<td align="right">50</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$2.49</td>
<td>$2.48</td>
<td>$2.48</td>
<td>$45.00</td>
<td>$49.7K</td>
<td>4.9K</td>
<td align="right">200</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.47</td>
<td>$2.43</td>
<td>$2.48</td>
<td>$45.00</td>
<td>$49.6K</td>
<td>4.9K</td>
<td align="right">400</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.
Having examined the options trading patterns of Bank of America, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Bank of America Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 8,161,031, the BAC's price is up by 0.67%, now at $43.79. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 28 days.</li>
</ul>
<h3>Expert Opinions on Bank of America</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $54.0.
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&#x2A; An analyst from Morgan Stanley downgraded its action to Equal-Weight with a price target of $55. 
&#x2A; An analyst from Keefe, Bruyette &amp; Woods has decided to maintain their Outperform rating on Bank of America, which currently sits at a price target of $57. 
&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Bank of America, maintaining a target price of $50. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Bank of America, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in Bank of America

Bank of America's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) short percent of float has fallen 8.13% since its last report. The company recently reported that it has 74.69 million shares sold short, which is 1.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.3 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/2024/1734618612_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 1.05%, which means the company has more 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 global fund managers increased their allocation to <a href="https://www.benzinga.com/24/12/42527883/top-3-financial-stocks-which-could-rescue-your-portfolio-for-december">financial stocks</a>, which include both banks and insurance companies, to an all-time high in December.
What Happened: According to the Bank of America&#8217;s Global Fund Manager Survey, as reported <a href="https://finance.yahoo.com/news/investors-allocation-to-us-stocks-hits-record-high-amid-super-bullish-sentiment-bofa-survey-164349535.html">by</a> Yahoo Finance, investors&#8217; allocation to banks increased by 23% points in December compared to the previous month. This resulted in global fund managers being 41% overweight on banking stocks in December, which is the highest since January 2022.
Similarly, the allocation to insurance companies surged by 15% points month-on-month. This represented an overweight position of 20% within the sectors by the global fund managers. It is the highest since February 2014.
Furthermore, the investor positioning relative to their historical long-term positions increased within the financial universe, followed by the U.S. stocks and utilities, according to the BofA survey.
The investors were underweight with respect to their exposure to cash, Eurozone stocks, staples, and bonds.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42531373/financial-stocks-near-record-year-could-trump-deregulation-fuel-bigger-gains-in-2025">Financial Stocks Near Record Year: Could Trump Deregulation Fuel Bigger Gains In 2025?</a>
What Are The Analysts Saying
Mario Georgiou, executive director, head of investments at InCred Global Wealth U.K., in an <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">exclusive conversation with Benzinga</a>, described tax cuts and deregulation as tailwinds to the markets. He considers inflationary policies such as tariffs and immigration impacts as headwinds, leading to a steepening yield curve, and higher term premiums.
"Financials offer an attractive risk-reward and that this recent post-election rally has room to run," added Georgiou. According to him "Financials are not only well positioned to capture the benefits of the above-mentioned Trump tailwinds, but are also less impacted / would even benefit from the Trump headwinds."
Bank of America's global economics team recently summarized the sentiment, stating, "Pro-growth policies like deregulation of financial services and energy, as well as lower taxes, are boosting market sentiment and asset prices."
According to Goldman Sachs analyst Richard Ramsden, large-cap banks remain optimistic about the economy. &#8220;Healthy consumer spending trends and strong corporate balance sheets have supported a constructive outlook,&#8221; Ramsden said in a recent note.
The top-performing financial stocks of 2024 include Robinhood Markets, Interactive Brokers Group, Coinbase Global, KKR &amp; Co, and Wells Fargo.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Company</td>
<td>YTD Performance</td>
</tr>
<tr>
<td>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>)</td>
<td>236.54%</td>
</tr>
<tr>
<td>Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>)</td>
<td>111.59%</td>
</tr>
<tr>
<td>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)</td>
<td>98.65%</td>
</tr>
<tr>
<td>KKR &amp; Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>)</td>
<td>85.99%</td>
</tr>
<tr>
<td>Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>43.54%</td>
</tr>
<tr>
<td>Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>)</td>
<td>42.75%</td>
</tr>
<tr>
<td>M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</td>
<td>41.08%</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>38.52%</td>
</tr>
<tr>
<td>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td>36.04%</td>
</tr>
<tr>
<td>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</td>
<td>34.09%</td>
</tr>
<tr>
<td>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>32.89%</td>
</tr>
<tr>
<td>Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>)</td>
<td>29.53%</td>
</tr>
<tr>
<td>PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</td>
<td>26.71%</td>
</tr>
<tr>
<td>Arthur J. Gallagher &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>)</td>
<td>25.74%</td>
</tr>
<tr>
<td>HSBC Holdings Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>)</td>
<td>21.24%</td>
</tr>
<tr>
<td>Prudential Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>)</td>
<td>13.69%</td>
</tr>
<tr>
<td>American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>)</td>
<td>3.46%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Note: Data as of market close on Dec. 17, 2024</figcaption></figure>
The iShares U.S. Financial ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) has risen 31.35% year-to-date.
Similarly, other financial-focused ETFs have seen strong gains. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) surged 30.3%, while the Vanguard Financials Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFH#NYSE">VFH</a>) climbed 30.89%.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42546991/dows-rare-nine-day-decline-falls-behind-267-single-day-crashes-since-1900">Dow&#8217;s Rare Nine-Day Decline Falls Behind 267 Single-Day Crashes Since 1900: Is Tech Shift To Blame?</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

ETFs

COIN

FITB

HOOD

HSBC

IBKR

iShares Dow Jones US Financial Sector Index Fund

Fund Managers Increase Allocation To Banking And Insurance Stocks In December: Here Are The Best Performing Financial Stocks In 2024

Guidance

Bank Of America CEO Moynihan Says Real Rate Structures Have To Come Down A Little Bit To Have More Normalcy In The System; We Don't Expect Medium Term Rates Structure To Move Down A Lot

<a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42273932/tech-stocks-rise-apple-tops-record-highs-dollar-surges-bitcoin-falls-to-95000-whats-driving-markets-monday">Stock market prices </a>are rising as 2024 ends and some people are worried about a possible downturn. But UBS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) analysts say there's no need to stress. They think prices will keep going up in 2025 because of economic changes and how businesses operate.
In their report, &#8220;22x and Beyond: The Case for Higher Valuations or How to Worry Less and Love the Market,&#8221; UBS analysts argue that today's elevated stock prices are both sustainable and logical in the current economic environment. They point to several key factors underpinning this trend.
Don't Miss:
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<li>It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>
One reason is that, instead of accounting for just 10% of the S&amp;P 500 index&#8217;s total value thirty years ago, tech businesses now account for 40%. These companies grow faster and make bigger profits than others and, as the report says, &#8220;The result – not surprisingly – is an upward shift in valuations for the market broadly.&#8221;
Another critical factor is the robust cash flow generated by large corporations, which need less money to run their operations. This allows them to give more back to their investors, which raises their stock prices.
Additionally, borrowing costs are still affordable even if Treasury yields are rising. According to UBS, tight credit spreads maintain a low cost of capital, which strengthens the stability of high stock prices.
Finally, UBS says the economy is stable and stock prices tend to rise when that happens. They don't expect a recession soon, so they believe prices will continue to grow in 2025.
See Also: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42276232/bank-of-america-eyes-sp-500-at-6666-in-2025-we-are-expecting-another-good-year-for-equities">analysts agree with this bullish outlook</a> and predict the S&amp;P 500 will reach 6,666 by the end of 2025, a 10% increase from now. They credit this to strong earnings, better productivity and shifts in which sectors perform well.
They think industries like finance, energy and consumer goods will lead the way and they see value in large-cap stocks that can handle inflation and higher interest rates. BoA also expects economic growth driven by improved productivity and believes Federal Reserve rate cuts will help the market.
While some <a href="https://www.benzinga.com/top-stories/24/11/42246831/morgan-stanley-sounds-alarm-for-markets-in-2025-sp-500-is-extremely-expensive">investors like Morgan Stanley</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) are cautious about the elevated price-to-earnings ratios and sound alarms about U.S. equity markets heading into 2025, UBS analysts urge them to focus on the fundamentals driving the market forward, saying, &#8220;The current premium is less about the potential of AI. Rather, it is a response to superior fundamentals, namely rapid sales growth and sustainably high EBIT margins.&#8221;
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<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>

'Worry Less And Love The Market' – UBS Analysts Predict A Bullish 2025, Saying Prices Are Justified

Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) and Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) are reportedly planning to contribute to President-elect Donald Trump&#8216;s inaugural committees. 
What Happened: Both the U.S.&#8217;s second-largest lender and the investment bank are yet to decide on the amount they intend to contribute, Reuters reported on Friday, citing spokespeople for both banks. 
Bank of America contributed $1 million to Trump&#8217;s 2017 inauguration. JPMorgan Chase &amp; Co. then donated $500,000. The latter did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga</a>&#8216;s request for comment on whether it intends to contribute this year. 
BofA also contributed a million dollars to President Joe Biden&#8217;s <a href="https://www.benzinga.com/news/21/04/20727582/corporate-america-helped-pour-61m-into-biden-inaugural-committee-here-are-the-companies-that-donated">inaugural fund in 2021</a>.
Why It Matters: An inaugural committee is appointed by the President-elect to be in charge of the presidential inaugural ceremony and activities connected with the ceremony.
It needs to disclose the donations it received to the Federal Election Commission no later than 11:59 p.m. Eastern Time on the 90th day following the date of the <a href="https://www.benzinga.com/general/education/17/01/8899048/does-the-stock-market-respond-to-presidential-inaugurations">presidential inaugural ceremony. </a>
The inaugural committee will plan and finance events excluding the swearing-in ceremony such as opening ceremonies and parades. 
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</ul>
Photo courtesy: Flickr

Politics

BofA, Goldman Sachs To Contribute To Trump's Inaugural Committees: Report

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>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$73.00</td>
<td>$68.0K</td>
<td>780</td>
<td>4.3K</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$85.00</td>
<td>$32.8K</td>
<td>156</td>
<td>1.2K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$400.00</td>
<td>$55.3K</td>
<td>2.7K</td>
<td>546</td>
</tr>
<tr>
<td>TIGR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$10.00</td>
<td>$27.5K</td>
<td>8.2K</td>
<td>507</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$35.00</td>
<td>$34.1K</td>
<td>3.3K</td>
<td>422</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$27.8K</td>
<td>35.0K</td>
<td>328</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$215.00</td>
<td>$46.9K</td>
<td>445</td>
<td>311</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$70.00</td>
<td>$44.0K</td>
<td>8.2K</td>
<td>104</td>
</tr>
<tr>
<td>SQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$106.00</td>
<td>$25.0K</td>
<td>8</td>
<td>50</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we observe a call option trade with bearish sentiment. It expires in 7 day(s) on December 20, 2024. Parties traded 4000 contract(s) at a $73.00 strike. The total cost received by the writing party (or parties) was $68.0K, with a price of $17.0 per contract. There were 780 open contracts at this strike prior to today, and today 4320 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 trade with bearish sentiment. It expires in 7 day(s) on December 20, 2024. Parties traded 90 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $32.8K, with a price of $365.0 per contract. There were 156 open contracts at this strike prior to today, and today 1222 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bearish sentiment. It expires in 98 day(s) on March 21, 2025. Parties traded 20 contract(s) at a $400.00 strike. The total cost received by the writing party (or parties) was $55.3K, with a price of $2765.0 per contract. There were 2724 open contracts at this strike prior to today, and today 546 contract(s) were bought and sold. 
• For TIGR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>), we notice a call option sweep that happens to be bullish, expiring in 125 day(s) on April 17, 2025. This event was a transfer of 250 contract(s) at a $10.00 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 $27.5K, with a price of $110.0 per contract. There were 8254 open contracts at this strike prior to today, and today 507 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a put option trade that happens to be bullish, expiring in 399 day(s) on January 16, 2026. This event was a transfer of 47 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $34.1K, with a price of $727.0 per contract. There were 3301 open contracts at this strike prior to today, and today 422 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option sweep that happens to be bullish, expiring in 399 day(s) on January 16, 2026. This event was a transfer of 125 contract(s) at a $40.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $223.0 per contract. There were 35086 open contracts at this strike prior to today, and today 328 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 bearish, expiring in 280 day(s) on September 19, 2025. This event was a transfer of 53 contract(s) at a $215.00 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 $46.9K, with a price of $885.0 per contract. There were 445 open contracts at this strike prior to today, and today 311 contract(s) were bought and sold. 
• 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 98 day(s) on March 21, 2025. Parties traded 100 contract(s) at a $70.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $44.0K, with a price of $441.0 per contract. There were 8254 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
• For SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we notice a put option trade that happens to be bearish, expiring in 7 day(s) on December 20, 2024. This event was a transfer of 20 contract(s) at a $106.00 strike. The total cost received by the writing party (or parties) was $25.0K, with a price of $1251.0 per contract. There were 8 open contracts at this strike prior to today, and today 50 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.

TIGR

UPST

9 Financials Stocks With Whale Alerts In Today's Session

Tyrone Ross Jr. sat down with Benzinga's Chief Content Officer Brad Olesen in a multipart interview series to discuss how his financial planning firm, 401 Financial, is educating clients about cryptocurrency and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and avoiding some of the pitfalls of the traditional financial advisory industry. He also made it clear where he stands when it comes to advising clients on how they<a href="https://www.benzinga.com/money/how-to-build-a-stock-portfolio"> should build a portfolio.</a>
"What we really try to do is one, stop them from over-trading," Ross says with regards to how he advises clients in constructing how their assets are managed.
He invoked an anecdote in which there was one client he came across who had performed over 14,000 transactions. The "beauty" of 401's model, he said, i that it gives advice, and ultimately clients can make their own decisions. 401 doesn't benefit if you trade more or less &#8211; it's just advice that comes monthly compared to some advisors who could meet with clients as little as once or twice.&nbsp;&nbsp;
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42469414/xrp-poised-for-brief-correction-but-heres-why-it-could-go-to-4">XRP Poised For &#8216;Brief Correction,&#8217; But Here&#8217;s Why It Could Go To $4</a>
401 Financial's name is borne from a former track coach who advised running 401 yards through the line — not just the 400. The origin story began following Tyrone's years at Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)-owned Merrill Lynch where he witnessed incredible success stories. The failings, specifically in accounting for crypto-related exposure, served to light the fire.
"I did realize there, though, when I was shown Bitcoin for the first time, I couldn&#8217;t unsee it." Despite those shortcomings, what left an indelible mark on Tyrone during his time at Merrill through 2016 was the "value" of financial planning. "That team did financial planning like I&#8217;ve never seen it to this day," Ross says.
But it's not all crypto, all the time for this financial advisor — despite the fact that he calls himself the "biggest crypto hippie you'll ever meet." While he considers traditional assets and stocks "dinosaur" bones, he adds, "if&nbsp;you want it (stocks), we give you exposure."
Among the assets he usually advises clients to pursue are some larger, broad market ETFs like the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and a bit of emerging markets depending on age and where they are in their lives.
He says the beauty of his advice-only model is that "we&#8217;re not trying to acquire your assets" or "sell you anything" so 401 can get you into the "lowest cost ever." Ultimately, clients often know what they're going to get with Ross given his open stance on cryptocurrency and specifically Bitcoin, he says. 
Tyrone and his team want to educate as much as anything else, whether it's around dollar cost averaging or learning how to gain direct access to Bitcoin instead of buying into Bitcoin ETFs, trusts and derivatives like iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>), ProShares Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITO#NYSE">BITO</a>), Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>) or similar funds. "I don&#8217;t like the (crypto) ETFs, because, again, I think it&#8217;s a way to siphon fees on top of buying crypto." 401 has a message for those looking to start their financial journey: "We want to work with folks that have never worked with an advisor before. We don't have any minimums … and if you can't afford it, we'll take you on anyway until you can afford it. "
As Bitcoin<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42461870/michael-saylor-lauds-bitcoins-100000-milestone-it-will-be-embraced-by-the-worlds-wealthy-and-powerful"> crosses the $100,000 mark,</a> and the crypto industry&#8217;s market value nears $4 trillion, it&#8217;s only more likely that those in the market for advisory services will require someone who speaks blockchain in its native tongue.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42457605/exclusive-experts-share-their-top-crypto-predictions-for-2025">EXCLUSIVE: Experts Share Their Top Crypto Predictions For 2025</a></li>
</ul>
Photo courtesy of 401 Financial.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Financial Advisors

Exclusives

Personal Finance

Interview

BITO

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

IBIT

Financial Advisor Calls Stocks 'Dinosaur Bones' — But Likes Some ETFs

Morgan Stanley analyst Betsey Graseck is Overweight on big banks following Donald Trump's win and the Republican<a href="https://www.benzinga.com/markets/equities/24/12/42382786/morgan-stanley-narrows-down-winning-and-losing-bets-in-the-first-100-days-of-trump-administration"> sweep of the 2024 election. </a>
Expert Ideas: On Monday, Graseck listed three main factors for Morgan Stanley's positive outlook on large-cap banks heading into 2025. She sees capital markets rebounding, the end of quantitative tightening and a stabilizing regulatory environment as beneficial to the industry.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42440681/markets-have-the-green-light-to-rally-after-novembers-yawner-inflation-report-experts-say">&#8216;Markets Have The Green Light To Rally&#8217; After November&#8217;s &#8216;Yawner&#8217; Inflation Report, Experts Say</a>
"We're really looking for stabilization in large cap bank regulation, and that's a positive, because elimination of a negative is a good thing," Graseck told CNBC's Squawk Box on Wednesday.&nbsp;
Upgrades: Morgan Stanley upgraded all of the trust banks within its coverage and pointed to the end of quantitative tightening as the driver behind the upgrades. The firm sees deposit growth of between 3% and 7% which would benefit the trust banks as they skew to large institutional asset manager clients.&nbsp;
<ul>
<li>Graseck upgraded Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) from Equal-Weight to Overweight and raised the price target from $82 to $94.</li>
<li>The firm upgraded Northern Trust Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) from Underweight to Equal-Weight and raised its price target from $103 to $127.</li>
<li>Morgan Stanley also upgraded State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) from Equal-Weight to Overweight and raised the price target from $102 to $139.</li>
</ul>
Downgrades: The analyst sees a more balanced risk-reward for Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) in the coming financial and political environment in which the firm prefers money centers with a higher skew to capital markets. 
<ul>
<li>Morgan Stanley downgraded Bank of America from Overweight to Equal-Weight, but raised its price target from $48 to $55.</li>
<li>Graseck also downgraded Regions Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) from Overweight to Equal-Weight and raises the price target from $28 to $32.</li>
</ul>
Graseck said the firm is reducing its exposure to credit risk amid the possibility of a recession in 2025. Accordingly, Morgan Stanley downgraded Regions Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) from Overweight to Equal-Weight due to its outsized exposure to Commercial and Industrial (C&amp;I) lending.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42460609/european-central-bank-lowers-interest-rates-fourth-cut-in-2024">European Central Bank Lowers Interest Rates, Fourth Cut In 2024</a></li>
</ul>
Image: Shutterstock

Upgrades

Downgrades

NTRS

Big Banks Will Get Bigger Under Trump In 2025: Analyst

Editor&#8217;s Note: The story has been updated with additional bank executives in paragraph 5
The New York Police Department has issued a warning about escalating threats to healthcare executives, according to a report on Wednesday. This follows the murder of UnitedHealth Group Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) insurance unit UnitedHealthcare CEO Brian Thompson. The NYPD&#8217;s bulletin highlights the circulation of online posts listing the names and salaries of several health insurance executives, raising security concerns.
What Happened: The NYPD&#8217;s bulletin, as <a href="https://abcnews.go.com/US/executive-hit-lists-wanted-posters-nypd-warns-threats/story?id=116662519">reported</a> by&nbsp;ABC News, reveals that &#8220;Wanted&#8221;&nbsp;signs featuring corporate executives have&nbsp;appeared across Manhattan. Social media users have been celebrating Thompson&#8217;s death, and the suspect, Luigi Mangione, is being viewed by some as a &#8220;martyr&#8221; who could inspire extremist actions.
The bulletin warns that Mangione&#8217;s actions could incite violence from extremist groups. Companies are urged to enhance security measures for their executives. Mangione was apprehended in Pennsylvania on&nbsp;Monday and faces charges in&nbsp;New York, including second-degree murder.
Additionally, some online users have&nbsp;reacted positively to the killing,&nbsp;encouraged further&nbsp;targeting of similar executives, and&nbsp;spread conspiracy theories about the incident. Viral posts have emphasized a &#8220;hitlist&#8221; of health insurance CEOs, suggesting they should be fearful.
Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-11/cops-investigate-wanted-posters-of-executives-around-nyc">noted</a> that the posters in New York featured the images of insurance executives including the image of the Thompson, and several financial executives from American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>). Thompson&#8217;s posters were marked with a red X.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/12/42404540/whats-going-on-with-dogecoin-rival-shiba-inu-shib-2?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Dogecoin Rival Shiba Inu (SHIB)?</a>
Why It Matters: The murder of&nbsp;UnitedHealthcare&nbsp;CEO Thompson last week, outside the New York Hilton Midtown, has sent shockwaves through the healthcare industry. The targeted <a href="https://www.benzinga.com/general/health-care/24/12/42316904/unitedhealthcare-ceo-brian-thompson-fatally-shot-outside-nyc-hotel">attack occurred</a> during an investor day event, raising questions about the safety of corporate executives.&nbsp;
Details about the suspect, Mangione, reveal a complex background, including chronic pain and a fascination with the Unabomber. This has added layers to the investigation.&nbsp;Mangione was <a href="https://www.benzinga.com/news/legal/24/12/42418763/unitedhealthcare-ceo-murder-suspect-chronic-pain-unabomber-fascination-isolation-details-emerge">arrested</a> in Pennsylvania&nbsp;with a ghost gun and silencer, matching the suspect&#8217;s description.&nbsp;
The incident has also <a href="https://www.benzinga.com/24/12/42365853/unitedhealthcare-faces-tough-questions-following-insurance-business-ceos-tragic-death">intensified scrutiny</a> on&nbsp;UnitedHealthcare&nbsp;and the broader insurance industry. Bullet casings found at the crime scene bore inscriptions like &#8220;deny&#8221; and &#8220;delay,&#8221; terms often associated with insurance claim practices. 
Price Action: On Wednesday UnitedHealth Group shares ended the day 5.6% lower at $533.53 and fell another 0.1% in the after-hours trading, according to <a href="http://pro.benzinga.com/">data from Benzinga Pro</a>.
Photo via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42405504/dogecoin-can-touch-18-if-things-go-wild-says-influential-crypto-trader-thankful-for-the-dip-and-will-buy-more?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Can Touch $18 If Things &#8216;Go Wild,&#8217; Says Influential Crypto Trader: &#8216;Thankful For The Dip And Will Buy More&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Health Care

NYPD Warns About 'Wanted' Posters Targeting Finance Executives, And Crossed-Out UnitedHealthcare CEO (UPDATED)

Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) shares are trading lower by 0.43% to $45.64 in December but are higher by 34% on a year-to-date basis. The company has received a number of analyst rating updates in recent sessions and was named an <a href="https://www.benzinga.com/pressreleases/24/12/n42299539/bank-of-america-builds-on-partnership-with-fifa-to-become-official-partner-of-fifa-club-world-cup-">official partner</a> for the FIFA Club World Cup 2025 last week.
Bank of America on Tuesday also announced corporate clients are set to <a href="https://www.benzinga.com/pressreleases/24/12/n42412842/bofas-cashpro-app-will-surpass-a-record-1-trillion-in-payment-approvals-for-the-year">surpass $1 trillion</a> in payment approvals on the CashPro App by the end of 2024, marking a 25% year-over-year increase. 
The app's rising adoption reflects its enhanced security, convenience and the value it provides in managing treasury operations, according to Tom Durkin, Global Head of CashPro at Bank of America. The company says the app has 550,000 users across 40,000 companies.
What's Happening: Morgan Stanley analyst Betsy Graseck downgraded Bank of America from Overweight to Equal-Weight and raised its price target from $48 to $55.
Keefe, Bruyette &amp; Woods last week raised the price target for Bank of America from $50 to $57, maintaining an Outperform rating. Piper Sandler also last week raised their price target from $44 to $50, keeping a Neutral rating.
Read Also: <a href="https://www.benzinga.com/insights/options/24/12/42420522/bank-of-america-unusual-options-activity">Bank of America Unusual Options Activity</a>
Last week, Bank of America was announced as an Official Partner for the FIFA Club World Cup 2025, featuring 32 top football clubs. Matches will run from June 15 to July 13, 2025, across 11 U.S. cities, starting in Miami and ending in New York/New Jersey.
FIFA President Gianni Infantino praised the partnership, emphasizing its alignment with FIFA's mission and potential benefits for host communities. Bank of America Chair and CEO Brian Moynihan highlighted the value of associating with major sporting events to boost client relationships and global economic impact.
Read Also: <a href="https://www.benzinga.com/24/12/42440806/adobe-q4-earnings-preview-analyst-says-investors-may-be-missing-healthy-subscriber-growth">Adobe Q4 Earnings Preview: Analyst Says Investors May Be Missing Healthy Subscriber Growth</a>
<h2 class="wp-block-heading">How To Buy BAC Stock</h2>
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Bank of America's case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, BAC has a 52-week high of $48.08 and a 52-week low of $30.45.

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

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 43% leaning bullish and 50% bearish. Among these notable options, 6 are puts, totaling $321,865, and 10 are calls, amounting to $415,148.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $23.0 to $49.0 for Bank of America during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Bank of America's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bank of America's whale activity within a strike price range from $23.0 to $49.0 in the last 30 days. 
<h3>Bank of America Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733853645_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>TRADE</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$0.29</td>
<td>$0.28</td>
<td>$0.28</td>
<td>$46.50</td>
<td>$80.5K</td>
<td>3.3K</td>
<td>13.9K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$2.28</td>
<td>$2.24</td>
<td>$2.28</td>
<td>$47.00</td>
<td>$68.3K</td>
<td>4.4K</td>
<td>905</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$0.29</td>
<td>$0.26</td>
<td>$0.27</td>
<td>$23.00</td>
<td>$67.5K</td>
<td>17.6K</td>
<td>2.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.15</td>
<td>$13.05</td>
<td>$13.15</td>
<td>$33.00</td>
<td>$59.1K</td>
<td>925</td>
<td>0</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$2.26</td>
<td>$2.23</td>
<td>$2.26</td>
<td>$47.00</td>
<td>$56.5K</td>
<td>4.4K</td>
<td>255</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>Bank of America's Current Market Status</h3>
<ul>
<li>With a volume of 14,077,143, the price of BAC is down -0.22% at $45.81. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
<h3>Expert Opinions on Bank of America</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $54.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Bank of America, maintaining a target price of $50. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Bank of America, targeting a price of $56. 
&#x2A; Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Outperform rating for Bank of America, targeting a price of $57. 
&#x2A; Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Equal-Weight with a new price target of $55.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Bank of America, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Bank of America Unusual Options Activity

In the current market session, Bank of America Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) stock price is at $46.24, after a 1.10% decrease. However, over the past month, the company's stock went up by 0.72%, and in the past year, by 50.26%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1733767210_0.png" alt="Past Year Chart" />

<h3>Comparing Bank of America P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Bank of America has a better P/E ratio of 16.94 than the aggregate P/E ratio of 12.98 of the Banks industry. Ideally, one might believe that Bank of America Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1733767210_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Bank of America

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>Morgan Stanley analyst Betsy Graseck downgraded the rating for Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) from Overweight to Equal-Weight but raised the price target from $48 to $55. Bank of America shares closed at $46.75 on Friday. See how other analysts view this stock.</li>
<li>Leerink Partners analyst Puneet Souda downgraded Myriad Genetics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYGN#NASDAQ">MYGN</a>) from Outperform to Market Perform and slashed the price target from $30 to $21. Myriad Genetics shares closed at $15.13 on Friday. <a href="https://www.benzinga.com/quote/MYGN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Michael Yee downgraded the rating for Biogen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIIB#NASDAQ">BIIB</a>) from Buy to Hold and lowered the price target from $250 to $180. Biogen shares closed at $157.78 on Friday. See how other analysts view this stock.</li>
<li>B of A Securities analyst Vivek Arya downgraded Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) from Buy to Neutral and lowered the price target from $180 to $155. AMD shares closed at $138.59 on Friday. <a href="https://www.benzinga.com/quote/AMD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Sandeep Deshpande downgraded the rating for STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) from Overweight to Neutral. STMicroelectronics shares closed at $26.43 on Friday. <a href="https://www.benzinga.com/quote/STM/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying AMD stock? Here&#8217;s what analysts think: 
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Pre-Market Outlook

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Screenshot 2024-06-24 at 9.48.04 PM

Commodities

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Press Releases

BofA Celebrates 20 Years of Neighborhood Builders

BofA Global Research Expects 2025 to be a Year of Further Equity Market Strength Amid Macro Uncertainty

Bank of America builds on partnership with FIFA to become Official Partner of FIFA Club World Cup 2025™

Paze Checkout Solution Makes Online Shopping Fast and Streamlined for BofA Clients This Holiday Season

BofA's CashPro® App Will Surpass a Record $1 Trillion in Payment Approvals for the Year

Commodity Traders Close Out Worst Year Since Before The Pandemic

Event-Record 160,000 People Apply for the 2025 Bank of America Chicago Marathon

Dividends

Bank of America Declares Preferred Stock Dividends for First Quarter 2025

Bank of America Announces Full Redemption of Its Series MM Preferred Stock and Related Depositary Shares

Banco Bradesco Sa American Depositary Shares

Bank Bradesco

Banco Bradesco Sa American Depositary Shares (each representing one Common Share)

Banco Bilbao Vizcaya Argentaria S.A. Common Stock

BBVA

Barclays

Banco Santander Brasil SA American Depositary Shares, each representing one unit

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