With Wall Street neck deep in earnings season, call options have become quite popular of late. Overall, the CBOE equity put/call volume ratio came in at 0.7 on Friday, even as the overall market finished relatively flat.
A stronger dollar could negatively impact BofA due to the effect on exports. Goods would become more expensive to foreign countries and companies that have loans with BofA may have problems repaying some of them if they are unable to export as much.
Fourth-quarter results at Bank of America (NYSE: BAC ) confirm the trend started yesterday by JPMorgan Chase, where revenue and net income was materially affected by lower mortgage banking and trading activity.
Bank of America Corp has vowed to do all it can to defy the threats posed by cyber criminals. The bank's chairman and CEO, Brian Moynihan, has said BAC's cyber security team has no limit in terms of resources, to ensure the firm and its customers are ...