Analysis of Bank of America share price

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76.4% of retail investor accounts lose money when trading CFDs with this provider.
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Check out this detailed file with everything you need to know about the Bank of America share before you start trading it. In addition to its live quote, you'll find a historical technical analysis of its prices and other important information about the company.  

Latest news

BANK OF AMERICA : penalized by low interest rates, its revenues are down

21/01/2021 - 13h45

The coronavirus pandemic has led to an unprecedented financial crisis. With interest rates having been lowered for the occasion, bank revenues have plummeted.

Elements that can influence the price of this asset:

Analysis N°1

You should of course follow the development of the banking sector in the United States, where the BoA group carries out most of its activities.

Analysis N°2

You should also monitor the level of growth of online banking services as the group is positioning itself more and more in this segment which allows its customers to reduce their costs by becoming more loyal.

Analysis N°3

Any launch of an innovative, new service or product by the Bank of America will also be an interesting indicator in the sense that it will undoubtedly allow it to increase its profitability by attracting more customers.

Analysis N°4

As with all companies in the banking industry, changes in financial regulations can positively or negatively affect the BoA share price.

Analysis N°5

Finally, you should carry out a complete study of the competition in the US banking sector following-up on the news of the large American banks in direct competition.

76.4% of retail investor accounts lose money when trading CFDs with this provider.

General presentation of the Bank of America:

The American group Bank of America is an internationally known banking group that carries out various activities that can be grouped into different centres depending on the company's turnover share generated.

The banking group Bank of America currently accounts for over 1,116 billion euros in deposits and 849 billion euros in outstanding loans.

The Bank of America group carries out most of its activity in the United States, but it also affects other geographic sectors such as Europe, the Middle East, Africa, Asia and Latin America.


Know the Bank of America shares competition:

The Bank of America banking group mainly operates in the United States and doesn't develop much on the international market. Its main competitors are also on American soil. Among the banking groups likely to take market shares from the current market leader, there is:


The strategic alliances set up by the Bank of America group:

Of course, in order to maintain its position on the American banking market and gain international popularity, the Bank of America banking group also counts on a few strategic alliances with choice partners.


Stock market data

Now here's some basic stock market information and data that will allow you to better understand the positioning of Bank of America on the international stock market and how its stock is listed. Here are the things you need to remember before you start trading:


Stock price analysis

The stock charts for the past decade begin in an abrupt decline, like the one that hit most banking groups due to the effects of the global economic crisis. As a result, in March 2009, the price of the share fell to $ 3.14 even though it was still listed above $ 48 in November 2007.Between February 2009 and April 2010, the price attempted an upward correction which unfortunately resulted in a further drop towards $ 5.60 in December 2011.

The share then entered a more stable and lasting upward dynamic than the previous one towards a high threshold of $ 17.49 which it reached with difficulty at the end of 2015. Holding up at $ 20, a new downtrend then occurred bringing the stock back to $ 12.95 in February 2016.

After a few months of hesitation, from July 2016, a more volatile recovery occurred and a soar of prices towards $ 20, exceeded in November 2016, which will lead the stock to $ 25 from October 2017.

This sudden rise suggests a strong probability of continuation of the underlying bullish trend of this stock. But you should also to take into account the elements coming from the fundamental analysis before deciding which position to take on this share, particularly regarding the development of international and European activities of the company.

76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.