Bank of America shares: Price analysis before buying or selling

Can I receive dividends when I buy Bank of America shares?

Yes

ISIN code: US0605051046

Ticker: NYSE: BAC

Index or market: NYSE

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Elements to consider before selling or buying Bank of America shares

Analysis N°1

You should of course follow the development of the banking sector in the United States, where the BoA group carries out most of its activities.

Analysis N°2

You should also monitor the level of growth of online banking services as the group is positioning itself more and more in this segment which allows its customers to reduce their costs by becoming more loyal.

Analysis N°3

Any launch of an innovative, new service or product by the Bank of America will also be an interesting indicator in the sense that it will undoubtedly allow it to increase its profitability by attracting more customers.

Analysis N°4

As with all companies in the banking industry, changes in financial regulations can positively or negatively affect the BoA share price.

Analysis N°5

Finally, you should carry out a complete study of the competition in the US banking sector following-up on the news of the large American banks in direct competition.

Analysis before buying or selling Bank of America shares

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General presentation of Bank of America

The American group Bank of America is an internationally known banking group that carries out various activities that can be grouped into different centres depending on the company's turnover share generated.

Commercial banking activities alone represent more than 40.1% of the company's activities.
The business and investment banking activities represent nearly 31.9% of annual turnover.
Wealth and asset management represents 15.5% of overall turnover.
Finally, market banking activities represent 12.5% of the company's turnover.

The banking group Bank of America currently accounts for over 1,116 billion euros in deposits and 849 billion euros in outstanding loans.

The Bank of America group carries out most of its activity in the United States, but it also affects other geographic sectors such as Europe, the Middle East, Africa, Asia and Latin America.

Photo credits: ©usataro/123RF.COM

The major competitors of Bank of America

After having discovered the precise activities of Bank of America, we propose to learn more about the major competitors of this American bank with a presentation of its main adversaries in the United States:

JPMorgan Chase & Co

This company is a financial holding company created by the merger of Chase Manhattan Bank and J P Morgan & Co in 2001 and is based in New York. It is currently the largest bank in the United States and is one of the largest in the world, with more than €2,513 billion in assets and operations in some 60 countries. It is a leader in investment banking, financial services, financial transactions, CDS and derivatives, asset management, private banking and private equity.

Citygroup Inc

Known as Citi, this company is a major US financial company formed from the merger of Citicorp and Travelers Group in 1998. With assets of more than $1.795 trillion, the company now employs more than 219,000 people worldwide and has more than 200 million customers in about 100 countries. It is also a component of the Dow Jones Industrial Average.

Wells Fargo & Company

This other US financial group is based in San Francisco, California and has significant assets that make it the third largest bank in the US. The group has a variety of activities and subsidiaries in Canada, the Marianas and the Caribbean.

Goldman Sachs

Another major US banking group is Goldman Sachs, an investment bank founded in 1869 and based in New York with offices in the world's major financial centres. It is active in financing, M&A advisory, capital investment and asset trading. It was heavily involved in the subprime crisis in 2007 and 2008 after creating derivatives.

Morgan Stanley

This American bank is based in the Midtown district of Manhattan in New York. It is a banking group that operates in more than 42 countries around the world and has a network of 1,300 offices and 60,000 employees. The company says it will have more than $5.4 trillion in assets by 2021 and has more than 600 branches in the United States, making it one of the world's leading wealth management firms. Today, Morgan Stanley Bank operates in three main business lines with private banking, investment banking and asset management.

US Bancorp

Finally, there is also competition from US Bancorp, the fifth largest bank in the US, based in Minneapolis. The group now employs nearly 65,000 people.

The major partners of Bank of America

Of course, in order to maintain its position on the American banking market and gain international popularity, the Bank of America banking group also counts on a few strategic alliances with choice partners.

Large international banks

Since 2001, the group has been a partner of several other large international banks such as BNP Paribas, Barclays, Deutsche Bank, Scotiabankou Westpac in order to offer free withdrawals from the ATMs of these brands for customers of these groups on several continents.

China Construction Bank

Bank of America has also signed a partnership with the China Construction Bank group, as part of a strategic assistance agreement.

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Your capital is at risk. Performance is not a guide to future performance and is not constant over time.

Frequently Asked Questions

What are the important dates in the history of Bank of America?

There are several important dates in the history of Bank of America. For example, the bank was founded in 1929. In 1998, it proceeded to a merger with the NationsBank group, which allowed it to increase its presence in the market. Finally, in 2009, the group took advantage of the subprime crisis to buy several other banks and insurance companies in difficulty.

Will Bank of America's share price rise?

If you want to know whether the share price of this stock is likely to rise in the coming years, it is essential to know how to carry out a good analysis of its price. To do this, you will need to use both fundamental analysis, which will use the most influential factors in the news, and technical analysis, which will be based on the study of stock market graphs and the past and present movements of this stock.

Where and how to invest in the Bank of America share price?

When you want to invest in an American stock like Bank of America, not all traditional stock market investment products allow you to do so. Indeed, some PEAs or securities accounts do not allow you to invest in the US markets but you can use online derivatives such as CFDs to speculate on these stocks.

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