Bank of America
  • BAC

  • $45.65

  • -0.93%
  • $46.09

  • $46.10

  • $45.38

Ticker Appearances

Tue, October 15, 2024 | 9:47AM ET

⚡ FlashInsights

Tue, October 15, 2024 | 9:47AM ET
The drop in long-term rates in recent months still doesn't appear to be affecting bank Net interest income all that meaningfully, and this morning's earnings out of BAC -0.93%  GS -1.12%  and C -0.63%  are lifting these three stocks around 2% in pre-market trading. Technically, there was ample evidence that Financial earnings period might be received favorably by markets given the triangle breakout in the Financial sector that happened back on 10/4, a full week BEFORE Financial earnings got underway. This has helped the Financial sector claw back and is now the best performing sector over the last week based on Equal-weighted ETF performance out of the 11 major sectors. Invesco's RYF is up +3.80% over the last week, far better than the +2.28% in RSP and better than the +2.88% in ^SPX -0.02%  itself. Financials outperformance has begun to accelerate following last month's ability of RSPF to have exceeded former all-time highs from early 2022, and technically this sector remains an Overweight.

Daily Technical Strategy
Wed, October 25, 2023 | 7:33PM ET

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Wed, October 25, 2023 | 1:00PM ET

⚡ FlashInsights

Wed, October 25, 2023 | 1:00PM ET
BAC -0.93%  Bank of America weekly chart shown here:

Daily Technical Strategy
Wed, September 13, 2023 | 6:39PM ET

Market internals worsening despite indices holding up

US EQUITY INDICES AND TREASURY YIELDS REMAIN QUITE CHOPPY, BUT THE PATH OF LEAST RESISTANCE REMAINS LOWER OVER THE FINAL COUPLE WEEKS OF SEPTEMBER.  TREASURY...

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