- A moving average of Short volume ratio is at a recent 2 week high. A high short volume ratio indicate selling presures.
- MACD is crossing MACD signal line at 0.2. MACD crossing signal line is bullish signal.
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes fromFinra
Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Is (BAC) Outperforming Other Finance Stocks This Year?
(Bloomberg) -- Talal Ghandour, one of Bank of America Corp.’s longest-serving senior executives in the Middle East, is leaving the U.S. firm after 22 years.Ghandour, who was a Dubai-based managing director, plans to join his family business, according to an internal memo seen by Bloomberg News. He most recently led the bank’s equities unit in the Middle East and North Africa, where he helped build one of the biggest regional franchises of any Wall Street firm.Bank of America has appointed Ali Ho...
Bank of America employees in Hong Kong and globally will see a little bit extra in their pay cheques after the American bank posted better-than-expected results in the fourth quarter despite the economic fallout from the coronavirus pandemic.Employees who make US$100,000 or less annually will receive a cash bonus of US$750, with overseas employees receiving the cash payments in March, according to an internal memorandum seen by the Post.Bank of America employees who earn more than US$100,000 to ...
The bank is sitting on a ton of excess capital, is not constrained by its regulatory requirements, and has little else to do with it.
Bank of America (BAC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Companies In The News Are: BAC, SCHW, CMA, ONB.
A swell of deposits during the coronavirus pandemic has put big U.S. banks on the back foot, with executives saying they hope regulators provide relief on rules that punish bloated balance sheets until loan demand snaps back. JPMorgan Chase & Co, Bank of America Corp and Citigroup took in more than $1 trillion in deposits last year, compared with a $92 billion increase in 2019. Combined with rules that require more capital for bigger balance sheets, that makes deposits more expensive to hold, ...
Janet Yellen, President-elect Joe Biden's nominee for treasury secretary, tells Congress it must do more to lift the U.S. economy out of the pandemic-induced recession.
Banks are trying to shake off a 'sell the news' reaction after reporting earnings. Let's have a look at the charts.
(Bloomberg) -- Bank of America Corp.’s traders had a good year -- but not as good as their rivals.Revenue from sales and trading rose 7% to $3.06 billion in the fourth quarter, missing analysts’ $3.15 billion forecast. The division, helmed by Jim DeMare, was boosted by equities but saw a weaker trading performance in fixed income, currencies and commodities, driven by macro products and mortgages, the bank said in a statement. Competitors JPMorgan Chase & Co. and Goldman Sachs Group Inc., meanwh...