|Bid||26.66 x 1100|
|Ask||26.68 x 1200|
|Day's range||26.58 - 27.35|
|52-week range||26.32 - 38.60|
|Beta (5Y monthly)||1.38|
|PE ratio (TTM)||7.67|
|Earnings date||17 Oct 2023|
|Forward dividend & yield||0.96 (3.51%)|
|Ex-dividend date||31 Aug 2023|
|1y target est||33.20|
Arguably, no stock trading sector is more sensitive to the economic cycle than the banking sector. The general consensus earlier this year was decidedly toward a definite downturn. Speaking at the Economic Club of New York last week, Bank of America's (NYSE: BAC) Brian Moynihan said bluntly, "We won't have a recession."
Many stocks remain expensive even though the stock market has lost much of its momentum from earlier this year. Most bank stocks have been hammered in 2023 by the banking crisis that erupted earlier this year. Bank of America (NYSE: BAC) is no exception.
WASHINGTON (Reuters) -The U.S. Commodity Futures Trading Commission on Friday ordered Goldman Sachs, Bank of America and JPMorgan to pay a total of over $50 million to settle charges of swap reporting failures and other violations, the agency said. JPMorgan, Bank of America, and Goldman Sachs will pay civil monetary penalties of $15 million, $8 million, and $30 million respectively, the CFTC said in a statement. Goldman Sachs was penalized for failing to diligently supervise a wide range of its swap dealer activities, and "for unprecedented failures regarding swap data reporting," the commission said.