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Since early 2018, on four separate occasions, Bank of America (NYSE:BAC) stock has traded up to at least $30 per share. Each time, the BAC stock price has subsequently dropped. For its loyal ...
On at least one key metric, Bank of America (NYSE:BAC) stock looks far too cheap. The BAC stock price closed at $26.85 on Wednesday. That's marginally above the $26.41 book value per share figure ...
The efficient market hypothesis posits that stock prices are a function of information and rational expectations, and that newly revealed information about a company's prospects is almost immediately reflected in the current stock price. This would imply that all publicly known information about a company, which obviously includes its price ...
It's a headwind that will certainly impact Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) as much as it does Bank of America (NYSE:BAC). But BAC stock was the only major bank stock Raymond James ...
The bank's stock price sank to $7.18, its lowest level in 17 years, after announcing earnings and the Merrill mishap. The market capitalization of Bank of America, including Merrill Lynch, was then $45 billion, less than the $50 billion it offered for Merrill just four months earlier, and down $108 billion from the merger announcement.
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