The banking sector has clearly reflected the turmoil around the world. Three of the biggest US banks, Bank of America Corp (NYSE:BAC), Citigroup Inc. (NYSE:C), and Morgan Stanley (NYSE:MS), have touched new 52-week lows.
Bank of America Corp (NYSE:BAC) CEO Brian Moynihan is of the opinion that individual investors and consumers in the US are confused over the chaos created by China's economic slowdown, and declining oil prices.
bank of america1 Tyler Durden: While market volatility remains so high it leaves many trading desks speechless by “brutal” if obvious unwinds, and both institutional and retail traders clueless and at best hoping to ride the momentum wave in any ...
After years of waiting, Bank of America Corp (BAC) stock investors finally got the news they had been hoping for in December: the Federal Reserve announced the highly anticipated first interest rate hike of the new tightening cycle!
In equity option news, Bank of America Corp (NYSE:BAC) saw call volume soar on Friday, after CLSA Ltd. upgraded the stock while speculating that valuation could push speculators to call for a spinoff or other restructuring.
Massive sell-off, in wake of uncertainty predominantly dragged Bank of America Corp (NYSE:BAC) stock down. In terms of the relative strength index (RSI), the stock is in the oversold territory with last day close at 26.42 indicator reading.