Bank of America Corporation (BAC)

Bank of America Corporation (BAC)


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Bank Of America Corp. Profile

Bank Of America Corp. (BAC.xnys) is an American multinational investment bank and financial services holding company headquartered in North Carolina, the United States. Bank of America Corp. was formed following NationsBank's acquisition of BankAmerica in 1998, and it’s currently the eighth-largest bank globally with a market cap of $319.9B (USD). BOA’s primary financial services revolve around commercial banking, wealth management, and investment banking. Bank of America’s large market share, economic impact, and activities have led to several lawsuits and investigations regarding mortgages and financial disclosures dating back to the 2008 financial crisis. A decade later, the bank was awarded as "World's Best Bank" by the Euromoney Institutional Investor in their 2018 Awards for Excellence. Recently, BOA has increased its common stock dividend to $0.21 (USD). China’s moves to rein in the nation’s influential tech firms have sent investors fleeing on concerns over tighter grips on data while relations with the States remain difficult. Bank of America Corp strategists wrote last week that the regulatory overhang is unlikely to loosen anytime soon, instead recommending investors rotate into tech companies outside China. The index plunged as much as 5.4% on Monday as a selloff in Chinese private education companies deepened after Beijing announced a sweeping overhaul that threatens to up-end the $100B (USD) sector and jeopardize billions of dollars in foreign investment. New Oriental Education & Technology Group Inc. had a freefall of 40%, extending Friday’s record 41% fall. The Bank of America Inc. is included in the recent EU ban of ten banks from bond sales.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
09:30-16:00
Mon
09:30-16:00
Tue
09:30-16:00
Wed
09:30-16:00
Thu
09:30-16:00
Sun
Closed
Sat
Closed

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Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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