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BAC

Bank of America

$31.07

-0.055 (-0.18%)

10:05
05/15/18
05/15
10:05
05/15/18
10:05

Bank of America call volume above normal and directionally bullish

Bullish option flow detected in Bank of America with 52,191 calls trading, 1.4x expected, and implied vol increasing over 1 point to 19.35%. Jul-18 31 calls and May-18 30.5 puts are the most active options, with total volume in those strikes near 29,800 contracts. The Put/Call Ratio is 0.55. Earnings are expected on July 16th.

BAC Bank of America
$31.07

-0.055 (-0.18%)

01/31/18
DBAB
01/31/18
NO CHANGE
Target $15
DBAB
Sell
GE likely to be dropped from Dow 30 index, says Deutsche Bank
General Electric (GE) is likely to be dropped from the Dow Jones Industrial Average after being in the index of 30 companies for over 110 years as an original member since 1896, Deutsche Bank analyst John Inch tells investors in a research note. The chances that GE could be removed from the Dow are increasing as the company continues to face "substantial challenges," the analyst writes. These include "earnings and cash pressure, tough global power generation markets, aggressive downsizing, shrinking its portfolio, management shake-up and SEC investigations," Inch argues. He sees "headline risk" as the most significant risk factor if GE were to be dropped from the Dow, "potentially amplified by GE's high mix of retail investors." Inch notes that the last major Dow shakeup occurred in September 2003, when American Airlines (AAL), Bank of America (BAC) and Hewlett Packard (HPQ) were removed and Goldman Sachs (GS), Nike (NKE) and Verizon (VZ) were added. Inch has a Sell rating on General Electric with a $15 price target. The shares closed yesterday down 33c to $15.95.
02/02/18
MSCO
02/02/18
NO CHANGE
MSCO
BofA, JPMorgan, Citi best positioned for tougher CCAR test, says Morgan Stanley
Morgan Stanley analyst Betsy Graseck said she had expected an easier stress test from the Federal Reserve but that the 2018 CCAR test actually seems tougher than last year, given the more intense recessions and lower asset prices modeled in it. A tougher test makes her less optimistic on her strong payout growth expectations, said Graseck, who sees Bank of America (BAC), JPMorgan (JPM) and Citi (C) as best positioned to "weather the storm" and increase payouts given their resilient balance sheets and significant excess capital. She sees Goldman Sachs (GS), which recently cut buybacks, as at risk from a tougher test, which likely weighs on the bank's 2018 ask, Graseck added.
04/03/18
BMOC
04/03/18
NO CHANGE
Target $34
BMOC
Market Perform
Bank of America pullback provides a buying opportunity, says BMO Capital
BMO Capital analyst James Fotheringham says that the recent near-10% pullback in the Bank of America stock price provides investors with a buying opportunity. The analyst contends that the bank's stock trades much more closely in line with short term interest rates rather than the 10-year and believes that its net interest margins will prove to be "insensitive" to lower yields on the benchmark as well as higher LIBOR-OIS spreads. Fotheringham keeps his $34 price target and Market Perform rating on Bank of America, adding that its current two-year-forward P/E valuation multiple is close to its long-term historical average.
04/17/18
BMOC
04/17/18
NO CHANGE
Target $34
BMOC
Market Perform
Bank of America is the best of the 'big four' U.S. banks, says BMO Capital
BMO Capital analyst James Fotheringham kept his Market Perform rating and $34 price target on Bank of America (BAC) after its in-line Q1 earnings but raised his FY18 EPS view to $2.62 from $2.59 and FY19 view to $3.18 from $3.12. Fotheringham says than in contrast, he lowered earnings forecasts for JPMorgan (JPM), Wells Fargo (WFC), and Citigroup (C) because of higher costs and lower revenues, but Bank of America's better than expected net interest income rise justifies his view of the bank as the "best of the bunch". The analyst also notes the bank's more favorable valuation trading at a below-average two-year-forward P/E multiple despite his forecast of double the core earnings growth rate of Bank of America's peers.

TODAY'S FREE FLY STORIES

SVRA

Savara

$8.55

0.02 (0.23%)

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  • 05

    Jun

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AZN

AstraZeneca

$36.88

0.035 (0.09%)

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  • 05

    Jun

MANT

ManTech

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ACBFF

Aurora Cannabis

$0.00

(0.00%)

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SPLK

Splunk

$116.35

-0.2 (-0.17%)

07:03
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  • 10

    Jul

SPX

S&P 500

$0.00

(0.00%)

07:02
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Technical Analysis
S&P 500: Pivot points »

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ROST

Ross Stores

$82.95

0.35 (0.42%)

07:02
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GDX

Market Vector Gold Miners

$22.64

0.28 (1.25%)

07:02
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Technical Analysis
Market Vector Gold Miners: Pivot points »

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PYPL

PayPal

$81.55

0.48 (0.59%)

, EBAY

eBay

$37.79

-0.25 (-0.66%)

07:02
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07:02
Recommendations
PayPal, eBay analyst commentary  »

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PYPL

PayPal

$81.55

0.48 (0.59%)

EBAY

eBay

$37.79

-0.25 (-0.66%)

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  • 30

    May

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    Jun

GLD

SPDR Gold Trust

$123.61

1.07 (0.87%)

07:01
05/25/18
05/25
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Technical Analysis
SPDR Gold Trust: Pivot points »

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EGL

Engility

$30.17

0.33 (1.11%)

07:01
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05/25
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Initiation
Engility initiated  »

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NUGT

Direxion Gold Miners Bull

$26.22

1.04 (4.13%)

07:01
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Direxion Gold Miners Bull: Pivot points »

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JNUG

Direxion Daily Jr Gld Mnrs Bull 3X Shrs

$14.87

0.54 (3.77%)

07:00
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DUST

Direxion Daily Gold Miners Bear 3X ETF

$23.22

-0.99 (-4.09%)

07:00
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Direxion Daily Gold Miners Bear 3X ETF: Pivot points »

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JDST

Direxion Daily Junior Gold Miners Index Bear 3x Shares

$47.36

-1.79 (-3.64%)

06:59
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Technical Analysis
Direxion Daily Junior Gold Miners Index Bear 3x Shares: Pivot points »

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FB

Facebook

$185.96

-0.94 (-0.50%)

06:59
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Periodicals
Zuckerberg says 'vast majority' of users opt into invasive features, BI reports »

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  • 03

    Jun

VXX

iPath S&P 500 VIX Short-Term Futures

$33.82

-0.18 (-0.53%)

06:59
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iPath S&P 500 VIX Short-Term Futures: Pivot points »

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CNI

Canadian National

$83.75

-0.4 (-0.48%)

06:58
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Upgrade
Canadian National rating change  »

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  • 30

    May

ARLP

Alliance Resource Partners

$18.25

-0.45 (-2.41%)

06:58
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Conference/Events
Alliance Resource Partners management to meet with Seaport Global »

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  • 29

    May

SPLK

Splunk

$116.35

-0.2 (-0.17%)

06:58
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  • 10

    Jul

TVIX

VelocityShares Daily 2x VIX Short-Term ETN

$4.74

-0.02 (-0.42%)

06:58
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Technical Analysis
VelocityShares Daily 2x VIX Short-Term ETN: Pivot points »

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SVXY

ProShares Short VIX Short-Term Futures

$13.59

0.03 (0.22%)

06:58
05/25/18
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Technical Analysis
ProShares Short VIX Short-Term Futures: Pivot points »

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USO

United States Oil Fund

$14.29

-0.225 (-1.55%)

06:57
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Technical Analysis
United States Oil Fund: Pivot points, pivot low broken »

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AZN

AstraZeneca

$36.88

0.035 (0.09%)

06:57
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  • 05

    Jun

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