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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.
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Share CFD Trading FAQ
What is a Share CFD?
What is a Share CFD?
Shares represent units of ownership within a company. Shares are also known as stocks or equities. Dividend payments are common with some companies, a method of sharing company profits with shareholders. In addition to traditional share dealing, however, traders can access derivatives: trading instruments derived from the movement of an underlying share price.
Individual stock CFDs (contract for differences) fall under the umbrella of derivative products, an effective low-cost trading vehicle. While CFDs do not grant shareholder privileges, active CFD positions may receive a dividend if executed before the ex-dividend date.
What is the difference between CFD and Shares?
What is the difference
between CFD and Shares?
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.
What are the most traded share CFDs?
What are the most
traded share CFDs?
Supply and demand are the main two pillars of share price sharping. The economic situation of countries, in addition to geopolitical risks and instability, can undoubtedly affect trade, financial flow, and consequently the share CFDs prices. In such situations the stock market price fluctuations can be excessively strong, creating opportunities for traders to generate returns investing on the foreign exchange but also excessive risks.
Thus, some well-performing companies offer more opportunities to traders due to their stable, smooth, and less volatile share price movement in the markets. Some of the top traded share CFDs represent the trending industries.
Technology companies such as Tesla Inc, Apple, Microsoft, and Facebook are some of the trader’s favorite shares to trade according to Investing.com. While some of the biotech representatives that have entered the top traded list of the global markets are Moderna, Pfizer, and Johnson & Johnson.
What factors should I consider when trading Share CFDs?
What factors should I
consider when trading
Share CFDs?
The main two driving forces of the forex currency market‘s volatility are supply and demand, placing the share CFDs trading amongst the most distinct volatility performers in the markets.
The economic situation of countries and unions, in addition to geopolitical risks and instability, can undoubtedly affect trade, financial flow, and consequently the interest rate of currencies, economies, and companies. In such situations the stock market price fluctuations can be excessively strong, creating opportunities for traders to generate returns investing on the share CFDs.
For instance, the current global pandemic situation has resulted in traders’ interest turning towards pharmaceutical and biotech companies, delivery and transportation as well as streaming and production services.