Dashboard

Solid News

Bank of America Corp., Stock Growth Prospects are Still High

2/14/2023 2:53 PM

Stocks of one of the largest banks and analytical agencies in the USA, Bank of America Corp. are still trading within the sideways trend around the 35.00 mark.

Bank continues to implement a program for financing the real estate market. So, yesterday the management said that the Community Development Banking (CDB) division provided 7.85B dollars in loans and investments in the equity capital of enterprises, of which 5.2B dollars were allocated to repay debt obligations and about 2.7B dollars were invested in construction. In general, the indicator became the maximum and exceeded 6.7B dollars allocated in 2021. The bank also announced a new record for the number of patents in the categories of artificial intelligence and information security. In 2022, 608 documents were issued, 19.0% more than in 2021, which allowed the issuer to take 75th place in the world among the main owners of intellectual property and 1st place in the USA.

Financial condition of Bank of America Corp. is quite stable, which was confirmed by the recent report for Q4 2022: revenue amounted to 24.53B dollars, which is higher than 24.5B dollars a quarter earlier, and earnings per share – to 0.85 dollars, which also exceeded the previous figure of 0.81 dollars.  


On the daily chart, the price continues to trade within the global Diamond pattern, making attempts to reach the resistance line.

Technical indicators reversed a long time ago and hold a buy signal: the range of EMA fluctuations on the alligator indicator is still quite wide, and fast EMAs are slowly approaching the signal line, and the histogram of the AO oscillator continues to be in the buy zone, forming correction bars.

Support levels: 34.70, 31.50. | Resistance levels: 36.80, 40.00.

Find Us
Registered Address : Bonovo Road – Fomboni Island of Mohéli – Comoros Union
Sofia, PO Box 1407,14 Flip Kutev Str. Floor 2, Industrial area Hladilnika, Bulgaria
Mail Us
[email protected]
Call Us
+35 924 928 392


Risk Warnings
Solid ECN Securities LLC offers trading on Foreign Exchange (‘Forex’ or ‘FX’) and Contracts for Difference (‘CFDs’), which are complex financial products that are traded on margin. They carry a high level of risk since leverage can work both to your advantage and disadvantage. As a result, these products may not be suitable for all investors, as loss of all invested capital may occur. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and consider your investment objectives and level of experience. Seek independent advice, if necessary.
Solid ECN Securities LLC does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of a CFD. Solid ECN Securities LLC is not a financial advisor and all services are provided on an execution-only basis. This communication is not an offer or solicitation to enter into a transaction and shall not be construed as such.
This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.
By using solidecn.com you agree to use our cookies to enhance your experience.
Solid ECN Securities LLC is authorized and regulated by the Comoros Union with reference number HY00623411.
Disclaimer 1: The information provided on this site is not intended for residents of any country or jurisdiction where its distribution or use would violate local laws or regulations.
Disclaimer 2: Solid ECN Securities LLC and it affiliates does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba.
Copyright All Right Reserved 2024 SolidECN.com