{{val.symbol}}
{{val.value}}

Bank of America Trading forecasts and signals

Total signals – 27

Active signals for Bank of America

Total signals – 4
Showing 1-4 of 4 items.
TraderPrecision for symbol, %Opening quoteTargetCreation dateForecast closure dateS/L and сommentPrice
Peters38.546.84
51.19
20.01.202226.01.202242.50
Cox49.00
49.50
17.01.202208.02.2022
Cox48.50
49.00
17.01.202203.02.2022
Cox48.00
48.50
17.01.202226.01.2022
 
 

Bank of America rate traders

Total number of traders – 6
Mountain
Symbols: 81
Yandex, Gazprom, Nornikel, Lukoil, MTS, Novatek, Rosneft, Sberbank (MOEX), AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB, CAD/CHF, EUR/AUD, EUR/NZD, EUR/GBP, CAD/JPY, EUR/CHF, GBP/AUD, GBP/NZD, AUD/NZD, GBP/CHF, NZD/CHF, AUD/CHF, EUR/JPY, CHF/JPY, EUR/CAD, GBP/JPY, NZD/JPY, AUD/JPY, NZD/USD, GBP/CAD, NZD/CAD, AUD/CAD, Cardano/USD, Litecoin/USD, Ethereum/USD, Bitcoin/USD, XRP/USD, US Dollar Index, DAX, Dow Jones, NASDAQ 100, S&P 500, Brent Crude Oil, WTI Crude Oil, Natural Gas, Silver, Gold, Platinum, Aeroflot (NYSE), Alphabet, Visa, Hewlett-Packard, MasterCard, Starbucks, Nike, Apple, JPMorgan Chase, McDonald's, Netflix, Coca-Cola, nVidia, Facebook, Bank of America, Intel, Walt Disney, Amazon, Tesla Motors, ALCOA, Boeing, Coffee, Dogecoin, Binance Coin, Polkadot, Chainlink, Axie Infinity, Solana
Trend
accuracy
66%
  • Yandex 91%
  • Gazprom 61%
  • Nornikel 49%
  • Lukoil 58%
  • MTS 57%
  • Novatek 63%
  • Rosneft 56%
  • Sberbank (MOEX) 49%
  • AUD/USD 66%
  • EUR/USD 66%
  • GBP/USD 76%
  • USD/CAD 59%
  • USD/CHF 67%
  • USD/JPY 66%
  • USD/RUB 64%
  • CAD/CHF 60%
  • EUR/AUD 67%
  • EUR/NZD 43%
  • EUR/GBP 70%
  • CAD/JPY 67%
  • EUR/CHF 60%
  • GBP/AUD 80%
  • GBP/NZD 80%
  • AUD/NZD 100%
  • GBP/CHF 92%
  • NZD/CHF 100%
  • AUD/CHF 0%
  • EUR/JPY 61%
  • CHF/JPY 67%
  • EUR/CAD 57%
  • GBP/JPY 85%
  • NZD/JPY 100%
  • AUD/JPY 0%
  • NZD/USD 59%
  • GBP/CAD 84%
  • NZD/CAD 100%
  • AUD/CAD 100%
  • Cardano/USD 75%
  • Litecoin/USD 83%
  • Ethereum/USD 67%
  • Bitcoin/USD 72%
  • XRP/USD 67%
  • US Dollar Index 64%
  • DAX 65%
  • Dow Jones 70%
  • NASDAQ 100 65%
  • S&P 500 63%
  • Brent Crude Oil 62%
  • WTI Crude Oil 59%
  • Natural Gas 100%
  • Silver 64%
  • Gold 66%
  • Platinum 100%
  • Aeroflot (NYSE) 52%
  • Alphabet 55%
  • Visa 58%
  • Hewlett-Packard 50%
  • MasterCard 0%
  • Starbucks 0%
  • Nike 43%
  • Apple 53%
  • JPMorgan Chase 64%
  • McDonald's 51%
  • Netflix 58%
  • Coca-Cola 63%
  • nVidia 58%
  • Facebook 56%
  • Bank of America 100%
  • Intel 65%
  • Walt Disney 58%
  • Amazon 61%
  • Tesla Motors 67%
  • ALCOA 75%
  • Boeing 69%
  • Coffee 100%
  • Dogecoin 86%
  • Binance Coin 71%
  • Polkadot 85%
  • Chainlink 67%
  • Axie Infinity 88%
  • Solana 79%
Price
accuracy
65%
  • Yandex 86%
  • Gazprom 56%
  • Nornikel 47%
  • Lukoil 60%
  • MTS 57%
  • Novatek 57%
  • Rosneft 54%
  • Sberbank (MOEX) 48%
  • AUD/USD 64%
  • EUR/USD 64%
  • GBP/USD 75%
  • USD/CAD 59%
  • USD/CHF 66%
  • USD/JPY 65%
  • USD/RUB 63%
  • CAD/CHF 60%
  • EUR/AUD 67%
  • EUR/NZD 43%
  • EUR/GBP 70%
  • CAD/JPY 52%
  • EUR/CHF 60%
  • GBP/AUD 80%
  • GBP/NZD 79%
  • AUD/NZD 72%
  • GBP/CHF 90%
  • NZD/CHF 100%
  • AUD/CHF 0%
  • EUR/JPY 58%
  • CHF/JPY 55%
  • EUR/CAD 54%
  • GBP/JPY 80%
  • NZD/JPY 91%
  • AUD/JPY 0%
  • NZD/USD 58%
  • GBP/CAD 84%
  • NZD/CAD 100%
  • AUD/CAD 100%
  • Cardano/USD 75%
  • Litecoin/USD 83%
  • Ethereum/USD 67%
  • Bitcoin/USD 72%
  • XRP/USD 67%
  • US Dollar Index 64%
  • DAX 63%
  • Dow Jones 68%
  • NASDAQ 100 65%
  • S&P 500 62%
  • Brent Crude Oil 60%
  • WTI Crude Oil 57%
  • Natural Gas 100%
  • Silver 64%
  • Gold 65%
  • Platinum 100%
  • Aeroflot (NYSE) 50%
  • Alphabet 54%
  • Visa 57%
  • Hewlett-Packard 50%
  • MasterCard 0%
  • Starbucks 0%
  • Nike 42%
  • Apple 47%
  • JPMorgan Chase 64%
  • McDonald's 50%
  • Netflix 54%
  • Coca-Cola 56%
  • nVidia 56%
  • Facebook 55%
  • Bank of America 32%
  • Intel 65%
  • Walt Disney 51%
  • Amazon 58%
  • Tesla Motors 65%
  • ALCOA 75%
  • Boeing 69%
  • Coffee 100%
  • Dogecoin 86%
  • Binance Coin 71%
  • Polkadot 85%
  • Chainlink 67%
  • Axie Infinity 88%
  • Solana 79%
Profitableness,
pips/day
458
  • Yandex 30
  • Gazprom 2
  • Nornikel -16
  • Lukoil 1
  • MTS 5
  • Novatek 10
  • Rosneft 1
  • Sberbank (MOEX) -8
  • AUD/USD 3
  • EUR/USD -2
  • GBP/USD 12
  • USD/CAD -5
  • USD/CHF 1
  • USD/JPY 2
  • USD/RUB 3
  • CAD/CHF -5
  • EUR/AUD 32
  • EUR/NZD -16
  • EUR/GBP 9
  • CAD/JPY -4
  • EUR/CHF -7
  • GBP/AUD 2
  • GBP/NZD 9
  • AUD/NZD 28
  • GBP/CHF 7
  • NZD/CHF 1
  • AUD/CHF -9
  • EUR/JPY -6
  • CHF/JPY 5
  • EUR/CAD 2
  • GBP/JPY 9
  • NZD/JPY 17
  • AUD/JPY -13
  • NZD/USD -2
  • GBP/CAD 6
  • NZD/CAD 13
  • AUD/CAD 18
  • Cardano/USD 63
  • Litecoin/USD 248
  • Ethereum/USD 40
  • Bitcoin/USD 137
  • XRP/USD 3
  • US Dollar Index 3
  • DAX 33
  • Dow Jones 32
  • NASDAQ 100 14
  • S&P 500 5
  • Brent Crude Oil 4
  • WTI Crude Oil -8
  • Natural Gas 35
  • Silver -1
  • Gold -1
  • Platinum 48
  • Aeroflot (NYSE) 6
  • Alphabet -27
  • Visa 1
  • Hewlett-Packard 0
  • MasterCard -107
  • Starbucks -3
  • Nike -5
  • Apple -1
  • JPMorgan Chase 21
  • McDonald's -2
  • Netflix -5
  • Coca-Cola 7
  • nVidia 0
  • Facebook 4
  • Bank of America 6
  • Intel 13
  • Walt Disney 6
  • Amazon 6
  • Tesla Motors 23
  • ALCOA 40
  • Boeing 12
  • Coffee 8
  • Dogecoin 356
  • Binance Coin -12
  • Polkadot 369
  • Chainlink 0
  • Axie Infinity 22000
  • Solana 1300
More
Spectrum
Symbols: 23
X5 Retail Group, Gazprom, Novatek, Sberbank (MOEX), Surgutneftegaz, EUR/RUB, EUR/USD, USD/RUB, EUR/CAD, Bitcoin/USD, BitcoinGold/USD, RTS, S&P 500, Brent Crude Oil, Palladium, Silver, Gold, Facebook, Bank of America, Intel, Boeing, Polkadot, Terra
Trend
accuracy
76%
  • X5 Retail Group 100%
  • Gazprom 29%
  • Novatek 0%
  • Sberbank (MOEX) 83%
  • Surgutneftegaz 100%
  • EUR/RUB 100%
  • EUR/USD 57%
  • USD/RUB 81%
  • EUR/CAD 100%
  • Bitcoin/USD 71%
  • BitcoinGold/USD 75%
  • RTS 76%
  • S&P 500 89%
  • Brent Crude Oil 78%
  • Palladium 50%
  • Silver 75%
  • Gold 67%
  • Facebook 75%
  • Bank of America 100%
  • Intel 100%
  • Boeing 50%
  • Polkadot 100%
  • Terra 75%
Price
accuracy
74%
  • X5 Retail Group 100%
  • Gazprom 29%
  • Novatek 0%
  • Sberbank (MOEX) 83%
  • Surgutneftegaz 28%
  • EUR/RUB 100%
  • EUR/USD 51%
  • USD/RUB 73%
  • EUR/CAD 100%
  • Bitcoin/USD 71%
  • BitcoinGold/USD 75%
  • RTS 76%
  • S&P 500 89%
  • Brent Crude Oil 78%
  • Palladium 50%
  • Silver 75%
  • Gold 67%
  • Facebook 75%
  • Bank of America 100%
  • Intel 100%
  • Boeing 50%
  • Polkadot 100%
  • Terra 75%
Profitableness,
pips/day
58
  • X5 Retail Group 2000
  • Gazprom -13
  • Novatek -18
  • Sberbank (MOEX) 10
  • Surgutneftegaz 20
  • EUR/RUB 27
  • EUR/USD 7
  • USD/RUB 6
  • EUR/CAD 80
  • Bitcoin/USD 11
  • BitcoinGold/USD 10
  • RTS 37
  • S&P 500 12
  • Brent Crude Oil 35
  • Palladium 0
  • Silver 1
  • Gold 4
  • Facebook 22
  • Bank of America 7
  • Intel 4
  • Boeing -8
  • Polkadot 1900
  • Terra 0
More
Demetris
Symbols: 64
Polymetal, Rusal, Yandex, QIWI, Aeroflot (MOEX), Gazprom, Nornikel, Lukoil, MTS, Magnit, MOEX Index, Polyus, Rosneft, Sberbank (MOEX), AUD/USD, EUR/RUB, EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB, EUR/GBP, USD/CNH, CAD/JPY, EUR/JPY, GBP/JPY, NZD/USD, AUD/CAD, Stellar/USD, Zcash/USD, Cardano/USD, EOS/USD, BitcoinCash/USD, Litecoin/USD, Tron/USD, NEO/USD, Ethereum/USD, Bitcoin/USD, XRP/USD, RTS, US Dollar Index, NASDAQ 100, S&P 500, RUSSELL 2000, WTI Crude Oil, Palladium, Gold, Alphabet, Alibaba, Apple, Lukoil, Caterpillar, Bank of America, Intel, Exxon Mobil, Tesla Motors, Boeing, Dogecoin, Binance Coin, Polkadot, Chainlink, Solana, Tezos
Trend
accuracy
71%
  • Polymetal 75%
  • Rusal 89%
  • Yandex 88%
  • QIWI 67%
  • Aeroflot (MOEX) 50%
  • Gazprom 71%
  • Nornikel 93%
  • Lukoil 50%
  • MTS 82%
  • Magnit 69%
  • MOEX Index 50%
  • Polyus 69%
  • Rosneft 100%
  • Sberbank (MOEX) 70%
  • AUD/USD 67%
  • EUR/RUB 63%
  • EUR/USD 68%
  • GBP/USD 75%
  • USD/CAD 64%
  • USD/CHF 72%
  • USD/JPY 57%
  • USD/RUB 73%
  • EUR/GBP 57%
  • USD/CNH 50%
  • CAD/JPY 0%
  • EUR/JPY 100%
  • GBP/JPY 50%
  • NZD/USD 62%
  • AUD/CAD 0%
  • Stellar/USD 75%
  • Zcash/USD 50%
  • Cardano/USD 79%
  • EOS/USD 79%
  • BitcoinCash/USD 71%
  • Litecoin/USD 77%
  • Tron/USD 67%
  • NEO/USD 75%
  • Ethereum/USD 71%
  • Bitcoin/USD 74%
  • XRP/USD 75%
  • RTS 75%
  • US Dollar Index 66%
  • NASDAQ 100 73%
  • S&P 500 78%
  • RUSSELL 2000 100%
  • WTI Crude Oil 67%
  • Palladium 75%
  • Gold 68%
  • Alphabet 62%
  • Alibaba 80%
  • Apple 0%
  • Lukoil 100%
  • Caterpillar 50%
  • Bank of America 0%
  • Intel 75%
  • Exxon Mobil 0%
  • Tesla Motors 50%
  • Boeing 75%
  • Dogecoin 75%
  • Binance Coin 64%
  • Polkadot 74%
  • Chainlink 75%
  • Solana 75%
  • Tezos 50%
Price
accuracy
70%
  • Polymetal 75%
  • Rusal 89%
  • Yandex 88%
  • QIWI 67%
  • Aeroflot (MOEX) 41%
  • Gazprom 71%
  • Nornikel 93%
  • Lukoil 41%
  • MTS 65%
  • Magnit 69%
  • MOEX Index 50%
  • Polyus 69%
  • Rosneft 100%
  • Sberbank (MOEX) 62%
  • AUD/USD 67%
  • EUR/RUB 60%
  • EUR/USD 67%
  • GBP/USD 75%
  • USD/CAD 64%
  • USD/CHF 71%
  • USD/JPY 57%
  • USD/RUB 73%
  • EUR/GBP 57%
  • USD/CNH 33%
  • CAD/JPY 0%
  • EUR/JPY 100%
  • GBP/JPY 50%
  • NZD/USD 58%
  • AUD/CAD 0%
  • Stellar/USD 75%
  • Zcash/USD 50%
  • Cardano/USD 79%
  • EOS/USD 79%
  • BitcoinCash/USD 71%
  • Litecoin/USD 74%
  • Tron/USD 37%
  • NEO/USD 75%
  • Ethereum/USD 71%
  • Bitcoin/USD 74%
  • XRP/USD 75%
  • RTS 70%
  • US Dollar Index 61%
  • NASDAQ 100 73%
  • S&P 500 78%
  • RUSSELL 2000 100%
  • WTI Crude Oil 67%
  • Palladium 75%
  • Gold 67%
  • Alphabet 62%
  • Alibaba 80%
  • Apple 0%
  • Lukoil 100%
  • Caterpillar 50%
  • Bank of America 0%
  • Intel 75%
  • Exxon Mobil 0%
  • Tesla Motors 50%
  • Boeing 70%
  • Dogecoin 74%
  • Binance Coin 64%
  • Polkadot 74%
  • Chainlink 75%
  • Solana 75%
  • Tezos 50%
Profitableness,
pips/day
75
  • Polymetal 45
  • Rusal 24
  • Yandex -59
  • QIWI -18
  • Aeroflot (MOEX) -3
  • Gazprom 1
  • Nornikel 50
  • Lukoil -30
  • MTS 58
  • Magnit -14
  • MOEX Index -1000
  • Polyus -40
  • Rosneft 33
  • Sberbank (MOEX) 3
  • AUD/USD -3
  • EUR/RUB -2
  • EUR/USD 1
  • GBP/USD 5
  • USD/CAD -1
  • USD/CHF 5
  • USD/JPY -6
  • USD/RUB 4
  • EUR/GBP -5
  • USD/CNH 9
  • CAD/JPY -45
  • EUR/JPY 20
  • GBP/JPY -7
  • NZD/USD -2
  • AUD/CAD -8
  • Stellar/USD -40
  • Zcash/USD 100
  • Cardano/USD 397
  • EOS/USD 30
  • BitcoinCash/USD -13
  • Litecoin/USD 100
  • Tron/USD 0
  • NEO/USD 5
  • Ethereum/USD 20
  • Bitcoin/USD 104
  • XRP/USD 98
  • RTS -11
  • US Dollar Index 1
  • NASDAQ 100 9
  • S&P 500 8
  • RUSSELL 2000 400
  • WTI Crude Oil 2
  • Palladium 0
  • Gold -1
  • Alphabet -90
  • Alibaba 6
  • Apple -3
  • Lukoil 20
  • Caterpillar -61
  • Bank of America -17
  • Intel 7
  • Exxon Mobil -73
  • Tesla Motors -67
  • Boeing 4
  • Dogecoin 388
  • Binance Coin -256
  • Polkadot -385
  • Chainlink -30
  • Solana 2635
  • Tezos -1000
More
TorForex
Symbols: 77
Yandex, Gazprom, Nornikel, Lukoil, Novatek, Polyus, Rosneft, Sberbank (MOEX), AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB, NZD/USD, Stellar/USD, Cardano/USD, BitcoinCash/USD, Litecoin/USD, Tron/USD, Ethereum/USD, Monero/USD, Bitcoin/USD, XRP/USD, Brent Crude Oil, Gold, Snap, Alphabet, Alibaba, Visa, Hewlett-Packard, Home Depot, Adobe Systems, MasterCard, Starbucks, Nike, Uber Technologies, Apple, American Express, JPMorgan Chase, Microsoft, Netflix, IBM, Procter & Gamble, Pinterest, Coca-Cola, nVidia, Baidu, Pfizer, Cisco Systems, Facebook, Twitter, SAP, Caterpillar, Toyota Motor, Bank of America, Goldman Sachs Group, Salesforce, eBay, General Electrics, Intel, Ford Motor, Walt Disney, Exxon Mobil, PetroChina, UnitedHealth Group, Amazon, Oracle, Tesla Motors, Boeing, Dogecoin, Binance Coin, Polkadot, PepsiCo, Solana, Terra
Trend
accuracy
70%
  • Yandex 78%
  • Gazprom 82%
  • Nornikel 0%
  • Lukoil 84%
  • Novatek 25%
  • Polyus 100%
  • Rosneft 75%
  • Sberbank (MOEX) 70%
  • AUD/USD 71%
  • EUR/USD 67%
  • GBP/USD 67%
  • USD/CAD 69%
  • USD/CHF 62%
  • USD/JPY 70%
  • USD/RUB 70%
  • NZD/USD 69%
  • Stellar/USD 75%
  • Cardano/USD 68%
  • BitcoinCash/USD 77%
  • Litecoin/USD 75%
  • Tron/USD 67%
  • Ethereum/USD 74%
  • Monero/USD 100%
  • Bitcoin/USD 75%
  • XRP/USD 68%
  • Brent Crude Oil 70%
  • Gold 68%
  • Snap 50%
  • Alphabet 83%
  • Alibaba 33%
  • Visa 40%
  • Hewlett-Packard 75%
  • Home Depot 75%
  • Adobe Systems 88%
  • MasterCard 75%
  • Starbucks 0%
  • Nike 75%
  • Uber Technologies 50%
  • Apple 83%
  • American Express 75%
  • JPMorgan Chase 33%
  • Microsoft 88%
  • Netflix 80%
  • IBM 50%
  • Procter & Gamble 0%
  • Pinterest 33%
  • Coca-Cola 100%
  • nVidia 60%
  • Baidu 50%
  • Pfizer 100%
  • Cisco Systems 50%
  • Facebook 100%
  • Twitter 67%
  • SAP 50%
  • Caterpillar 0%
  • Toyota Motor 25%
  • Bank of America 100%
  • Goldman Sachs Group 33%
  • Salesforce 50%
  • eBay 25%
  • General Electrics 0%
  • Intel 50%
  • Ford Motor 100%
  • Walt Disney 0%
  • Exxon Mobil 75%
  • PetroChina 0%
  • UnitedHealth Group 75%
  • Amazon 71%
  • Oracle 86%
  • Tesla Motors 80%
  • Boeing 33%
  • Dogecoin 66%
  • Binance Coin 75%
  • Polkadot 75%
  • PepsiCo 67%
  • Solana 86%
  • Terra 75%
Price
accuracy
69%
  • Yandex 78%
  • Gazprom 83%
  • Nornikel 0%
  • Lukoil 84%
  • Novatek 25%
  • Polyus 82%
  • Rosneft 75%
  • Sberbank (MOEX) 73%
  • AUD/USD 71%
  • EUR/USD 65%
  • GBP/USD 67%
  • USD/CAD 68%
  • USD/CHF 60%
  • USD/JPY 69%
  • USD/RUB 69%
  • NZD/USD 69%
  • Stellar/USD 75%
  • Cardano/USD 68%
  • BitcoinCash/USD 77%
  • Litecoin/USD 73%
  • Tron/USD 67%
  • Ethereum/USD 74%
  • Monero/USD 100%
  • Bitcoin/USD 75%
  • XRP/USD 68%
  • Brent Crude Oil 70%
  • Gold 68%
  • Snap 50%
  • Alphabet 83%
  • Alibaba 33%
  • Visa 40%
  • Hewlett-Packard 75%
  • Home Depot 75%
  • Adobe Systems 88%
  • MasterCard 75%
  • Starbucks 0%
  • Nike 67%
  • Uber Technologies 84%
  • Apple 67%
  • American Express 75%
  • JPMorgan Chase 33%
  • Microsoft 82%
  • Netflix 80%
  • IBM 50%
  • Procter & Gamble 0%
  • Pinterest 33%
  • Coca-Cola 51%
  • nVidia 60%
  • Baidu 50%
  • Pfizer 100%
  • Cisco Systems 29%
  • Facebook 100%
  • Twitter 67%
  • SAP 50%
  • Caterpillar 0%
  • Toyota Motor 25%
  • Bank of America 87%
  • Goldman Sachs Group 33%
  • Salesforce 50%
  • eBay 25%
  • General Electrics 0%
  • Intel 50%
  • Ford Motor 84%
  • Walt Disney 0%
  • Exxon Mobil 75%
  • PetroChina 0%
  • UnitedHealth Group 75%
  • Amazon 71%
  • Oracle 86%
  • Tesla Motors 72%
  • Boeing 33%
  • Dogecoin 66%
  • Binance Coin 75%
  • Polkadot 75%
  • PepsiCo 48%
  • Solana 86%
  • Terra 75%
Profitableness,
pips/day
2
  • Yandex -347
  • Gazprom 3
  • Nornikel -26
  • Lukoil 2
  • Novatek -74
  • Polyus 14
  • Rosneft 3
  • Sberbank (MOEX) -5
  • AUD/USD 3
  • EUR/USD 1
  • GBP/USD -2
  • USD/CAD 1
  • USD/CHF -3
  • USD/JPY 2
  • USD/RUB 0
  • NZD/USD 3
  • Stellar/USD -88
  • Cardano/USD -111
  • BitcoinCash/USD 7
  • Litecoin/USD 57
  • Tron/USD -20
  • Ethereum/USD 96
  • Monero/USD 80
  • Bitcoin/USD 110
  • XRP/USD 35
  • Brent Crude Oil -2
  • Gold 0
  • Snap -70
  • Alphabet 8
  • Alibaba -7
  • Visa -7
  • Hewlett-Packard 9
  • Home Depot 6
  • Adobe Systems 3
  • MasterCard 36
  • Starbucks -42
  • Nike 13
  • Uber Technologies 12
  • Apple 0
  • American Express 2
  • JPMorgan Chase -20
  • Microsoft 3
  • Netflix 2
  • IBM -49
  • Procter & Gamble -31
  • Pinterest -44
  • Coca-Cola 11
  • nVidia 0
  • Baidu -36
  • Pfizer 8
  • Cisco Systems -3
  • Facebook 45
  • Twitter -33
  • SAP -15
  • Caterpillar -46
  • Toyota Motor -34
  • Bank of America 8
  • Goldman Sachs Group -68
  • Salesforce 20
  • eBay -21
  • General Electrics -32
  • Intel 3
  • Ford Motor 8
  • Walt Disney -95
  • Exxon Mobil 6
  • PetroChina -25
  • UnitedHealth Group -25
  • Amazon -4
  • Oracle 17
  • Tesla Motors 3
  • Boeing -5
  • Dogecoin -203
  • Binance Coin -5
  • Polkadot -11
  • PepsiCo -1
  • Solana 2200
  • Terra 300
More
Warrior
Symbols: 60
X5 Retail Group, Yandex, BSP, Bashneft pr, VTB, Gazprom, Nornikel, InterRAO, MMK, Magnit, Mechel, Sberbank (MOEX), Surgutneftegaz, Tatneft, Enel Rossiya, AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY, EUR/AUD, EUR/NZD, EUR/GBP, EUR/CHF, GBP/AUD, GBP/NZD, AUD/NZD, GBP/CHF, AUD/CHF, EUR/JPY, GBP/JPY, NZD/JPY, AUD/JPY, NZD/USD, NZD/CAD, AUD/CAD, Dash/USD, Zcash/USD, EOS/USD, Litecoin/USD, NEO/USD, Nem/USD, OmiseGO/USD, S&P 500, WTI Crude Oil, Alibaba, Activision Blizzard, Apple, AT&T, Verizon, Netflix, Philip Morris, Coca-Cola, Cisco Systems, Twitter, Bank of America, General Electrics, Tesla Motors, Boeing
Trend
accuracy
67%
  • X5 Retail Group 100%
  • Yandex 80%
  • BSP 0%
  • Bashneft pr 50%
  • VTB 100%
  • Gazprom 70%
  • Nornikel 100%
  • InterRAO 0%
  • MMK 0%
  • Magnit 40%
  • Mechel 0%
  • Sberbank (MOEX) 43%
  • Surgutneftegaz 75%
  • Tatneft 50%
  • Enel Rossiya 50%
  • AUD/USD 78%
  • EUR/USD 86%
  • GBP/USD 64%
  • USD/CAD 78%
  • USD/CHF 62%
  • USD/JPY 56%
  • EUR/AUD 95%
  • EUR/NZD 57%
  • EUR/GBP 60%
  • EUR/CHF 56%
  • GBP/AUD 100%
  • GBP/NZD 50%
  • AUD/NZD 67%
  • GBP/CHF 50%
  • AUD/CHF 63%
  • EUR/JPY 67%
  • GBP/JPY 25%
  • NZD/JPY 50%
  • AUD/JPY 71%
  • NZD/USD 70%
  • NZD/CAD 50%
  • AUD/CAD 62%
  • Dash/USD 100%
  • Zcash/USD 100%
  • EOS/USD 100%
  • Litecoin/USD 73%
  • NEO/USD 44%
  • Nem/USD 33%
  • OmiseGO/USD 50%
  • S&P 500 67%
  • WTI Crude Oil 81%
  • Alibaba 0%
  • Activision Blizzard 67%
  • Apple 50%
  • AT&T 0%
  • Verizon 50%
  • Netflix 50%
  • Philip Morris 50%
  • Coca-Cola 75%
  • Cisco Systems 0%
  • Twitter 100%
  • Bank of America 0%
  • General Electrics 50%
  • Tesla Motors 100%
  • Boeing 33%
Price
accuracy
64%
  • X5 Retail Group 100%
  • Yandex 80%
  • BSP 0%
  • Bashneft pr 50%
  • VTB 39%
  • Gazprom 62%
  • Nornikel 100%
  • InterRAO 0%
  • MMK 0%
  • Magnit 43%
  • Mechel 0%
  • Sberbank (MOEX) 43%
  • Surgutneftegaz 53%
  • Tatneft 50%
  • Enel Rossiya 50%
  • AUD/USD 78%
  • EUR/USD 86%
  • GBP/USD 64%
  • USD/CAD 74%
  • USD/CHF 62%
  • USD/JPY 46%
  • EUR/AUD 91%
  • EUR/NZD 57%
  • EUR/GBP 47%
  • EUR/CHF 41%
  • GBP/AUD 100%
  • GBP/NZD 50%
  • AUD/NZD 67%
  • GBP/CHF 50%
  • AUD/CHF 63%
  • EUR/JPY 67%
  • GBP/JPY 25%
  • NZD/JPY 50%
  • AUD/JPY 71%
  • NZD/USD 65%
  • NZD/CAD 50%
  • AUD/CAD 62%
  • Dash/USD 41%
  • Zcash/USD 63%
  • EOS/USD 80%
  • Litecoin/USD 73%
  • NEO/USD 44%
  • Nem/USD 33%
  • OmiseGO/USD 50%
  • S&P 500 67%
  • WTI Crude Oil 81%
  • Alibaba 0%
  • Activision Blizzard 67%
  • Apple 50%
  • AT&T 0%
  • Verizon 50%
  • Netflix 50%
  • Philip Morris 50%
  • Coca-Cola 35%
  • Cisco Systems 0%
  • Twitter 100%
  • Bank of America 0%
  • General Electrics 50%
  • Tesla Motors 100%
  • Boeing 14%
Profitableness,
pips/day
24
  • X5 Retail Group 2667
  • Yandex 82
  • BSP -6
  • Bashneft pr -5
  • VTB 1
  • Gazprom -1
  • Nornikel 100
  • InterRAO -3
  • MMK -40
  • Magnit -8
  • Mechel -1
  • Sberbank (MOEX) -4
  • Surgutneftegaz -1
  • Tatneft 0
  • Enel Rossiya 0
  • AUD/USD 8
  • EUR/USD 11
  • GBP/USD -6
  • USD/CAD 13
  • USD/CHF -6
  • USD/JPY 7
  • EUR/AUD 45
  • EUR/NZD -12
  • EUR/GBP -5
  • EUR/CHF -2
  • GBP/AUD 22
  • GBP/NZD -30
  • AUD/NZD -3
  • GBP/CHF -20
  • AUD/CHF -2
  • EUR/JPY 3
  • GBP/JPY -33
  • NZD/JPY -7
  • AUD/JPY 5
  • NZD/USD 3
  • NZD/CAD -50
  • AUD/CAD -1
  • Dash/USD 4
  • Zcash/USD 58
  • EOS/USD 29
  • Litecoin/USD 42
  • NEO/USD -89
  • Nem/USD -23
  • OmiseGO/USD 0
  • S&P 500 0
  • WTI Crude Oil 25
  • Alibaba -30
  • Activision Blizzard 7
  • Apple 1
  • AT&T -7
  • Verizon -10
  • Netflix -20
  • Philip Morris -20
  • Coca-Cola 0
  • Cisco Systems -8
  • Twitter 45
  • Bank of America -7
  • General Electrics 1
  • Tesla Motors 400
  • Boeing -7
More
Peters
Symbols: 65
AFK Sistema, AUD/USD, EUR/RUB, EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY, USD/RUB, CAD/CHF, EUR/AUD, EUR/NZD, EUR/GBP, USD/DKK, CAD/JPY, USD/NOK, EUR/CHF, GBP/AUD, GBP/NZD, USD/SEK, AUD/NZD, GBP/CHF, NZD/CHF, AUD/CHF, EUR/JPY, CHF/JPY, EUR/CAD, GBP/JPY, NZD/JPY, AUD/JPY, NZD/USD, GBP/CAD, NZD/CAD, AUD/CAD, Dash/Bitcoin, BitcoinCash/USD, Litecoin/USD, Ethereum/USD, Bitcoin/USD, XRP/USD, Silver, Gold, Alphabet, Hewlett-Packard, Adobe Systems, Starbucks, Nike, Apple, American Express, JPMorgan Chase, Microsoft, McDonald's, Netflix, IBM, Procter & Gamble, Coca-Cola, Pfizer, Twitter, Bank of America, Goldman Sachs Group, General Electrics, Amazon, Oracle, Tesla Motors, PepsiCo
Trend
accuracy
57%
  • AFK Sistema 50%
  • AUD/USD 58%
  • EUR/RUB 80%
  • EUR/USD 51%
  • GBP/USD 57%
  • USD/CAD 52%
  • USD/CHF 49%
  • USD/JPY 50%
  • USD/RUB 0%
  • CAD/CHF 50%
  • EUR/AUD 51%
  • EUR/NZD 65%
  • EUR/GBP 57%
  • USD/DKK 62%
  • CAD/JPY 46%
  • USD/NOK 38%
  • EUR/CHF 52%
  • GBP/AUD 59%
  • GBP/NZD 76%
  • USD/SEK 51%
  • AUD/NZD 58%
  • GBP/CHF 55%
  • NZD/CHF 45%
  • AUD/CHF 52%
  • EUR/JPY 55%
  • CHF/JPY 54%
  • EUR/CAD 57%
  • GBP/JPY 62%
  • NZD/JPY 54%
  • AUD/JPY 52%
  • NZD/USD 49%
  • GBP/CAD 55%
  • NZD/CAD 55%
  • AUD/CAD 55%
  • Dash/Bitcoin 0%
  • BitcoinCash/USD 65%
  • Litecoin/USD 61%
  • Ethereum/USD 61%
  • Bitcoin/USD 69%
  • XRP/USD 60%
  • Silver 56%
  • Gold 58%
  • Alphabet 75%
  • Hewlett-Packard 0%
  • Adobe Systems 50%
  • Starbucks 67%
  • Nike 79%
  • Apple 41%
  • American Express 70%
  • JPMorgan Chase 43%
  • Microsoft 55%
  • McDonald's 50%
  • Netflix 36%
  • IBM 71%
  • Procter & Gamble 45%
  • Coca-Cola 44%
  • Pfizer 60%
  • Twitter 67%
  • Bank of America 38%
  • Goldman Sachs Group 57%
  • General Electrics 58%
  • Amazon 33%
  • Oracle 33%
  • Tesla Motors 54%
  • PepsiCo 73%
Price
accuracy
51%
  • AFK Sistema 50%
  • AUD/USD 51%
  • EUR/RUB 80%
  • EUR/USD 44%
  • GBP/USD 54%
  • USD/CAD 49%
  • USD/CHF 38%
  • USD/JPY 45%
  • USD/RUB 0%
  • CAD/CHF 40%
  • EUR/AUD 48%
  • EUR/NZD 64%
  • EUR/GBP 54%
  • USD/DKK 48%
  • CAD/JPY 41%
  • USD/NOK 29%
  • EUR/CHF 43%
  • GBP/AUD 56%
  • GBP/NZD 74%
  • USD/SEK 46%
  • AUD/NZD 52%
  • GBP/CHF 49%
  • NZD/CHF 33%
  • AUD/CHF 42%
  • EUR/JPY 53%
  • CHF/JPY 48%
  • EUR/CAD 53%
  • GBP/JPY 59%
  • NZD/JPY 48%
  • AUD/JPY 47%
  • NZD/USD 46%
  • GBP/CAD 52%
  • NZD/CAD 47%
  • AUD/CAD 44%
  • Dash/Bitcoin 0%
  • BitcoinCash/USD 61%
  • Litecoin/USD 57%
  • Ethereum/USD 58%
  • Bitcoin/USD 63%
  • XRP/USD 55%
  • Silver 55%
  • Gold 55%
  • Alphabet 42%
  • Hewlett-Packard 0%
  • Adobe Systems 50%
  • Starbucks 67%
  • Nike 58%
  • Apple 27%
  • American Express 52%
  • JPMorgan Chase 26%
  • Microsoft 44%
  • McDonald's 38%
  • Netflix 27%
  • IBM 57%
  • Procter & Gamble 24%
  • Coca-Cola 31%
  • Pfizer 45%
  • Twitter 63%
  • Bank of America 34%
  • Goldman Sachs Group 35%
  • General Electrics 32%
  • Amazon 25%
  • Oracle 33%
  • Tesla Motors 49%
  • PepsiCo 49%
Profitableness,
pips/day
38
  • AFK Sistema -13
  • AUD/USD -2
  • EUR/RUB 12
  • EUR/USD -4
  • GBP/USD -4
  • USD/CAD -5
  • USD/CHF -2
  • USD/JPY 0
  • USD/RUB -20
  • CAD/CHF -1
  • EUR/AUD -6
  • EUR/NZD 1
  • EUR/GBP 2
  • USD/DKK 15
  • CAD/JPY -1
  • USD/NOK -104
  • EUR/CHF 0
  • GBP/AUD -1
  • GBP/NZD 11
  • USD/SEK -26
  • AUD/NZD 1
  • GBP/CHF -2
  • NZD/CHF -2
  • AUD/CHF 0
  • EUR/JPY 3
  • CHF/JPY -1
  • EUR/CAD -3
  • GBP/JPY 3
  • NZD/JPY -4
  • AUD/JPY -2
  • NZD/USD -1
  • GBP/CAD -8
  • NZD/CAD 0
  • AUD/CAD -2
  • Dash/Bitcoin -6
  • BitcoinCash/USD -27
  • Litecoin/USD 70
  • Ethereum/USD 39
  • Bitcoin/USD 23
  • XRP/USD 11
  • Silver -1
  • Gold -1
  • Alphabet 53
  • Hewlett-Packard -18
  • Adobe Systems -4
  • Starbucks -21
  • Nike 40
  • Apple -1
  • American Express 35
  • JPMorgan Chase -28
  • Microsoft 0
  • McDonald's 1
  • Netflix -6
  • IBM 30
  • Procter & Gamble -24
  • Coca-Cola 3
  • Pfizer 2
  • Twitter 43
  • Bank of America -3
  • Goldman Sachs Group -17
  • General Electrics 7
  • Amazon -3
  • Oracle -11
  • Tesla Motors -9
  • PepsiCo 29
More

Completed signals of Bank of America

Total signals – 23
Showing 21-23 of 23 items.
TraderDate and time createdForecast closure dateClosing quoteS/LCommentsTrend accuracy in %Price accuracy in %Profitability points
Peters28.12.202103.01.202245.4943.76100100.059
Peters30.12.202103.01.202245.0945.0900.0-71
Peters29.12.202103.01.202245.0945.0900.0-71

 

Not activated price forecasts Bank of America

Total signals – 12
Showing 1-12 of 12 items.
TraderSymbolOpen dateClose dateOpen price
PetersBank of America04.10.202112.10.202142.16
PetersBank of America07.09.202116.09.202141.88
TorForexBank of America20.07.202113.08.202143.00
TorForexBank of America20.07.202106.08.202141.00
TorForexBank of America20.07.202130.07.202139.00
SpectrumBank of America24.06.202106.07.202139.50
SpectrumBank of America24.06.202130.06.202140.00
DemetrisBank of America18.05.202115.06.202146.00
DemetrisBank of America18.05.202108.06.202145.00
DemetrisBank of America18.05.202101.06.202144.00
PetersBank of America12.05.202114.05.202142.98
WarriorBank of America04.05.202031.07.202017.40

 

Bank of America - a model of financial stability
Bank of America, stock, Bank of America - a model of financial stability The second largest US financial institution by assets, Bank of America Corporation (BAC), increased earnings per share by 38.9% YoY to $0.82 in the fourth quarter of 2021, with a consensus of $0.77. Net profit increased by 28.2% YoY, reaching $7.01 billion. Net revenue increased by 9.75% YoY to $22.06 billion, slightly short of the $22.18 billion expected by the market. Bank of America's operating expenses increased by 5.7% YoY to $14.73 billion.Commenting on the publication of the financial statements, the bank's management noted that the quality of its assets remains at a high level due to the improvement of the creditworthiness of customers and the general state of the economy. The share of non-performing loans in total assets (net charge-off) of Bank of America by the beginning of the current quarter was a record low 0.15%, having decreased by 3 bps compared to last year's result. The volume of loans that are overdue for 30 and 90 days decreased by 14.5% and 30% YoY - to $5.28 billion and $1.4 billion, respectively. This indicates a reduction in risks for the loan portfolio. The volume of loans for which there is a risk of delinquency (reserved criticized utilized exposure) decreased by 73% YoY, to $22.38 billion. The volume of overdue loans in the portfolio for legal entities decreased by 29% YoY and by 7% QoQ, to $1.58 billion. At the same time, delinquency on consumer and mortgage loans increased by 9.7% YoY, $2.99 billion. And yet this share is 1-2% less than in the previous quarters of 2021.The disbandment of reserves for expected credit losses at Bank of America slowed down somewhat, but due to this, the issuer received $489 million in additional profit. However, these receipts are of a one-time nature. We believe that the impact of this factor will decrease in subsequent quarters due to an increase in the volume of loans and a tighter monetary policy of the Fed.Despite the minimum interest rates, Bank of America's net interest income increased by 11.3% YoY to $11.41 billion. Non-interest income increased by 8.2% YoY, $10.65 billion.Bank of America's net revenue from retail lending (consumer banking) increased by 8% YoY, to $8.9 billion. Income from asset management (GWIM) rose by 16% YoY, to $5.4 billion, due to an increase in the volume of assets under management by the same 16% yoy, to a record $1.6 trillion. Revenue from investment banking (global banking) increased by an impressive 24% YoY, to $5.9 billion, thanks to an increase in remuneration for financial advice on M&A transactions. Revenues from operations in the capital markets (global markets) rose by only 2% YoY, to $3.8 billion, due to a decrease in trading volumes and revenue from marketmaking amid weakening market volatility.Due to the presence of diversified sources of profit, Bank of America managed to show strong results in conditions of increased uncertainty and low interest rates. At the end of the year, the bank increased its net profit by 78.7% YoY, to $31.98 billion, due to which the return on equity (ROE) increased to 12.23%. The basic capital adequacy ratio of CET-1 decreased from 11.9% to 10.6% at the industry median level of 11.1%. However, with this value of the indicator, the bank is able to maintain stability and cover possible losses. Bank of America has enough resources to continue repurchasing shares and stable dividend payments.Our base target price for the BAC stock is $52, at the moment the paper is fairly priced by the market, but we recommend it for purchase. With the development of a "bearish" trend, the quote may drop to $43, with the implementation of an optimistic scenario, the stock may rise to $ ...
Avatar
Read
Bank of America predicted turmoil in the stock markets
Bank of America, stock, Bank of America predicted turmoil in the stock markets In the coming months, stock markets expect shocks, according to Bank of America (BofA).Investors underestimate the risks of changes in the monetary policy of the US Federal Reserve.The S&P 500, a key indicator of the US stock market, has risen by more than 90% since reaching a pandemic low in March 2020. It has consistently reached record high levels over the past few months.The sell-off last week was a sign that investor sentiment remains nervous and may be vulnerable to more serious shocks in the future, Bank of America said.According to the bank's experts, the US stock market underestimates the risks of the impending tightening cycle, ProFinance writes. Record high stock prices and a possible change in the Fed's policy have increased the risk of an "instability shock" that threatens the stock market in the coming months.Fed Chairman Jerome Powell's speech at a virtual meeting of central bank leaders in Jackson Hole on Friday may provoke stock market volatility, BofA warns.According to the chief technical strategist of Bank of America, Paul Ciana, there are signals threatening to turn the markets down, writes the BCS. The ratios of key market instruments do not favor purchases of risky assets, he believes.The ratio of US government bonds to the broad Russell 2000 stock market index reached a new historical low in March and has since increased. According to Ciana, historically, when this indicator recovered from such low levels, it preceded the period when the bond market surpassed the Russell 2000, that is, stock markets were under pressure.In addition, debt securities also rose against copper and oil, which is another negative signal, including for global economic ...
Read
Bank of America shares forecast for July and August 2021
Bank of America, stock, Bank of America shares forecast for July and August 2021 Bank of America quotes continue to move within the correction and the formation of the ”Triangle" model. Moving averages indicate the presence of a short-term bearish trend for BAC. Prices broke down the area between the signal lines, which indicates pressure from sellers of securities. At the time of publication of the forecast, the price of Bank of America shares is 39.87. Within the framework of the forecast of the BAC stock price, we should expect an attempt to develop a small correction and a test of the support level near the area of 38.55. Then, a rebound and a continuation of the rise in the value of securities. The potential target of such a movement is the area above the 50.00 level.An additional signal in favor of a rise in BAC quotes will be a test of the support line on the relative strength indicator (RSI), as we can see, when the indicator values fall below 30, securities rise. The second signal will be a rebound from the lower border of the ascending channel, which is a long-term one. The cancellation of the option of growth in the quotations of the value of Bank of America shares will be a fall and a breakdown of the level of 36.05. This will indicate a breakdown of the support area, as well as the lower border of the bullish channel and the continuation of the fall to the area at the level of 30.00. We should expect an acceleration of the stock's rise with a breakdown of the resistance area and a close above the level of 43.05, which will indicate a breakdown of the upper limit of the ”Triangle " model.Bank of America shares forecast for July and August 2021Thus, the Bank of America shares forecast for July and August 2021 suggests the development of a correction and a test of the support area near the level of 38.55. From where we should expect a rebound and an attempt to continue the rise of shares in the area above the level of 50.00. The trend line test on the relative strength indicator will be in favor of the growth of securities. The cancellation of the BAC rise option will be a drop and a breakdown of the 36.05 level. This will indicate a breakdown of support and a continuation of the fall in value to the area below the 30.00 ...
Read
BANK OF AMERICA IN THE FIRST QUARTER MORE THAN DOUBLED ITS NET PROFIT
Bank of America, stock, BANK OF AMERICA IN THE FIRST QUARTER MORE THAN DOUBLED ITS NET PROFIT US financial conglomerate Bank of America, one of the four largest US banks, reported that it ended the first three months of this year with a net profit of $7.56 billion. Compared to the same period of the previous year, its volume increased by 2.1 times. Earnings per share were 86 cents, up from 40 cents a year earlier, and above economists' forecast of 65 cents per share. Quarterly revenue also came in above market estimates. Its volume was fixed at $22.821 billion, with economists' forecast of $21.85 billion. Over the past twelve months, this indicator has increased by 0.2%. During this period, the bank's net interest income decreased by 16% compared to the same indicator a year earlier, amounting to $10.197 billion. The bank's report notes that the situation in the country's banking sector is improving as the economic recovery accelerates against the background of the unfolding vaccination program. The positive reporting of the bank gave a boost to the growth of its shares, the price of which rose by 1.2% on ...
Read
The best American banks for investment: what the results of the second quarter say
JPMorgan Chase, stock, Citigroup, stock, Bank of America, stock, Wells Fargo & Co., stock, The best American banks for investment: what the results of the second quarter say After a lot of profit and loss reports, which American bank is the best to invest in? Let's take a look.Choosing the best American bank for investment can be a difficult task. It is necessary to carefully study their balance sheet, to find the organizations with the highest costs and the largest obligations. Sometimes such expenses can be an unavoidable evil. With the growing number of online-only competitor banks seeking to capture market share by appealing to millennials, well-known brands will inevitably seek to actively invest in improving their infrastructure.Currently, there is an opinion that investors are spoiled for choice, if we talk about the best stocks of American banks. After a year complicated by the coronavirus pandemic, the four largest consumer-oriented brands showed steady results in the second quarter of 2021.The Big FourWells Fargo's net profit for the three months to June 30 was $6.04 billion, which is in sharp contrast to a net loss of $3.8 billion for the same period in 2020. However, the bank warned that "low interest rates and moderate demand for loans" are still a concern.Bank of America expressed similar concerns when it presented its latest earnings report. Net profit of $9.2 billion was increased due to the release of $1.6 billion previously held in reserve in case of default of borrowers on their loans. But interest income fell by 6%, partly due to the persistently low base rate set by the US Federal Reserve.Other contenders for the title of the best shares include Citigroup, which also made a profit of $1.1 billion after releasing some of the cash. The bank's CEO Jane Fraser, saying that consumer and corporate confidence is growing, said: "This was observed in all our companies, which was reflected in the indicators of investment banking and stocks, as well as in a noticeable increase in expenses on our credit cards. Although we should be aware of the uneven recovery on a global scale, we are optimistic about the future."And another bank, no less important than the previous ones. This is JPMorgan Chase, whose quarterly net profit was $12 billion. Again, a large role was played here by the issuance of credit reserves in the amount of $3 billion. The bank's chairman and chief executive officer, Jamie Dimon, said that total credit card expenses increased by 45% this quarter and were 22% higher than before the pandemic in the second quarter of 2019. It is not surprising that the main drivers of growth were spending on travel and entertainment.If we put together the results of all four major American banks, the overall picture shows that they collectively received $33 billion in profit, 9 billion of which can be associated with the release of reserve funds. This is $9 billion more than analysts expected.Although the US inflation rate is rising, the mood in Washington suggests that banks will have to contend with near-zero interest rates for some time yet. Federal Reserve Chairman Jerome Powell told a Congressional committee that the central bank does not plan to raise the base rate earlier than 2023. This may become an undesirable obstacle to the profitability of the US banking sector, even if the demand for loans increases.Read more: Causes of inflation and scientific approaches to their studyThe Best Shares of American Banks in 2021Even as net income recovers, data from the Financial Times shows that costs are also rising significantly, as the shares of the largest US banks are trying to fend off the threat from smaller (and possibly more flexible) competitors in the financial technology sector. The total expenses of the "big four" for the last quarter amounted to $6.6 billion, an increase of 10% compared to the same period last year.Technology and marketing are mainly behind this growth. Given how the use of cash has decreased due to the coronavirus pandemic, some banks are now trying to catch up by introducing digital services. In the US, Internet-only companies, including Current, Varo and Chime, sought to attract customers by processing their payments faster, offering elegant smartphone applications and refusing transaction fees and minimal balance balances.In particular, it seems that the monetary assistance to American households has taught the traditional banking sector a lesson: consumers expect speed and will vote with their feet if they do not receive their funds quickly enough. Indeed, a study by Cornerstone Advisors suggests that in the US in December 2020, 15% of millennials had digital bank accounts, compared with 5% at the beginning of the same year.However, JPMorgan, Wells Fargo and Citigroup closed more than 250 branches in the first half of 2021, and more closures are expected. This is due to the confidence that those customers who started using online banking during the blocking will not return to the branches in the near future. It could also free up capital to expand digital offerings, which are quickly becoming the main focus for people opening accounts and applying for loans.Frequently Asked Questions1. Why are bank shares falling?Stocks of the best American banks can sometimes serve as a barometer of the state of the economy and can fall when Wall Street is nervous about the danger of an economic recovery. Despite the steady numbers on macroeconomic indicators in the second quarter, shares of companies such as Citigroup fell due to continuing concerns about interest rates.2. Are bank stocks a good investment?According to CNN Business, currently, the consensus among investment analysts is that it is worth buying shares of Wells Fargo, Bank of America, JPMorgan Chase, and Citigroup. As for the projected growth in stock prices, the average forecast for Citigroup is the most attractive, as it is expected that they will grow by 26.3% in the next 12 months.3. How do bank stocks perform during inflation?Thomas Michaud, CEO and president of the investment bank Keefe, Bruyette&Woods (KBW), recently stated that, in his opinion, "bank stocks are a good place if concerns about inflation continue to ...
Read
Message sent successfully.
We will contact you soon!