Analysis of Bank of America share price

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Check out this detailed file with everything you need to know about the Bank of America share before you start trading it. In addition to its live quote, you'll find a historical technical analysis of its prices and other important information about the company.

Latest news

BANK OF AMERICA : penalized by low interest rates, its revenues are down

21/01/2021 - 13h45

The coronavirus pandemic has led to an unprecedented financial crisis. With interest rates having been lowered for the occasion, bank revenues have plummeted.

Elements that can influence the price of this asset:

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.

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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.

Analysis of Bank of America share price
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The major competitors of Bank of America

The Bank of America banking group mainly operates in the United States and doesn't develop much on the international market. Its main competitors are also on American soil. Among the banking groups likely to take market shares from the current market leader, there is:

Citigroup Inc.

TriCo Bancshares, Inc.

Comerica Bank

Texas Capital Bancshares, Inc.

Edward Jones

HSBC Holdings plc

JPMorgan Chase & Co.

Morgan Stanley

SunTrust Banks Inc.

US Bancorp

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 ParibasBarclaysDeutsche 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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The content in question is provided for information purposes only and should not be considered as investment advice. Past performance is no guarantee of future results. The trading history is less than 5 years old and may not be sufficient to serve as a basis for an investment decision.

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