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BAC

Bank of America

$16.04

0.035 (0.22%)

10:30
10/17/16
10/17
10:30
10/17/16
10:30

Big call spread is Bank of America as shares give up early gains

Big call spread is Bank of America as shares give up early gains. The stock hit a high of $16.19 this morning after earnings were reported, but is now flat at $16 even. An investor sells 25K Oct 28th 16.5 calls at 11.5c to buy 11.2K Nov 25th 16.5 calls for 37c. The activity likely rolls a bullish play out one month and expressing the view shares will hold below $16.5 through the remainder of October, but then rally beyond that into the Thanksgiving holiday. Separately, an Oct 28th 16 - Nov 25th 16.5 call spread trades for 5c, 7350X, and is likely rolling a bullish play as well. Overall, trading is active at 31M shares, 135K calls and 30K puts. 30-day implied volatility is down 7.5% to 27 and 30-day IV skew remains notable at 18.5, which is the 93rd percentile of the 52-week range.

  • 17

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  • 13

    Jan

BAC Bank of America
$16.04

0.035 (0.22%)

09/13/16
SOCG
09/13/16
DOWNGRADE
Target $42
SOCG
Sell
Societe Generale cuts Citi to Sell, Bank of America to Hold
Societe Generale downgraded Citi (C) to Sell from Hold and Bank of America (BAC) to Hold from Buy. The firm has a $42 price target for shares of Citi and attributes an increased negative stance on Cards for the downgrade. Societe Generale has a $17 price target for Bank of America and cites revenue growth for the downgrade to Hold. Citi is trading down 86c to $46.93 and Bank of America is trading down 19c to $15.71.
09/16/16
GSCO
09/16/16
NO CHANGE
Target $19
GSCO
Conviction Sell
Bank of America operating leverage hitting an inflection, says Goldman
Goldman analyst Richard Ramsden believes Bank of America is hitting an inflection point in operating leverage driven by low single digit growth, stable credit, and absolute reductions in the expense base. The analyst believes topline growth will reach approximately 4% annually through to 2018, driven by consumer bank and wealth management initiatives. Ramsden reiterates his Conviction Buy rating on Bank of American and raised his price target to $19 from $17 given the combination of revenue growth and expense discipline.
10/10/16
OPCO
10/10/16
NO CHANGE
OPCO
Oppenheimer technical analyst upgrades Financials, downgrades Consumer Staples
Oppenheimer technical analyst Ari Wald upgraded the Financials sector to Market Weight and downgraded Consumer Staples to Underweight in next step in the firm's "cyclical rotation road map." Wald identified Ameriprise (AMP), Bank of America (BAC), Citi (C), Goldman Sachs (GS), Lincoln National (LNC) and SunTrust (STI) as six stocks breaking higher that he sees as likely to benefit from internal market rotation.
10/11/16
COMP
10/11/16
INITIATION
Target $13
COMP
Neutral
Bank of America initiated with a Neutral at Compass Point
Compass Point analyst Charles Peabody initiated Bank of America with a Neutral and a $13 price target.

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ENR

Energizer

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CTBI

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$49.15

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SCHW

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$23.26

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IBM

IBM

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GMS

GMS Inc.

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  • 17

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MNK

Mallinckrodt

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BAC

Bank of America

09:20
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Breaking Hot Stocks news story on Bank of America »

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  • 17

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USB

U.S. Bancorp

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MNST

Monster Beverage

$64.56

0.79 (1.24%)

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USB

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  • 17

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SPX

S&P 500

, VIX

Volatility Index S&P 500 Options

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Options
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XON

Intrexon

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Syndicate
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  • 17

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MDXG

MiMedx

$13.94

0.08 (0.58%)

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  • 18

    Jan

USB

U.S. Bancorp

09:17
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  • 17

    Jan

IBKR

Interactive Brokers

$62.45

-0.65 (-1.03%)

09:16
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BAC

Bank of America

09:14
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Breaking Hot Stocks news story on Bank of America »

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  • 17

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BAC

Bank of America

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