Bank Of America Stock News

Bank of America Corporation (NYSE:BAC) and Wells Farg

Bank of America Corporation (NYSE: BAC ) and Wells Fargo & Company (NYSE: WFC )) have both formed long-term bullish chart patterns that could send each stock into an extended all-time high run. Both Bank of America and Wells Fargo are trading in strong uptrends on the weekly chart and on Wednesday, both Bank of America and Wells Fargo settled into bullish patterns on the daily chart, which may have also provided a dip buying opportunity for swing traders not already in a position. Although both stocks appear very strong for a weekly or monthly run into blue skies, Bank of America and Wells Fargo are both flashing signals that a short-term pullback may be in the cards, which may provide longer-term traders another opportunity to take a position. It should be noted that events such as the general markets turning bearish, negative reactions to earnings prints and negative news headlines about a stock can quickly invalidate bullish patterns and breakouts. As the saying goes, "the trend is your friend until it isnt," and any trader in a bullish position should have a clear stop set in place and manage their risk versus reward.

There are increasing signs of Coinbase Global Inc (NASDAQ: COIN ) diversifying its revenues beyond retail cryptocurrency trading, a trend that could accelerate in 2022 and beyond, according to BofA Securities. The Coinbase Global Analyst: Jason Kupferberg upgraded the rating for Coinbase Global from Neutral to Buy, while keeping the price target unchanged at $340. The Full story available on Benzinga.com

" This is the year 5G comes alive," BofA Global Research says - "thanks to infrastructure."

A new swath of radio airwaves could give AT&T and Verizon 5G more speed and reach -- so long as the FAA is satisfied flights won''t be endangered.

https://www.investing.com/news/stock-market-news/bofa-appoints-md-in-americas-financial-institutions-investment-banking-unit-2732094

BofA analyst Jason Kupferberg downgraded The Western Union Co (NYSE: WU ) to Underperform from Buy with a price target of $20, down from $25. The price target implies an 8.4% upside. Kupferberg sees "multiple potential headwinds." New CEO Devin McGranahan is a first-time CEO with limited strategic options. Kupferberg believes the Street will continue to view Western Union mainly as a "show me" story even once … Full story available on Benzinga.com

The Goldman Sachs Group Inc. , JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co. and Morgan Stanley are highlighted in this analyst blog.

Banks in Hong Kong are taking steps to lower the number of people at the workplace after operating at near full capacity for the past few months, as the city tightens curbs due to a spike in COVID-19 cases.

Compass Minerals (NYSE: CMP ), a leading global provider of essential minerals, is pleased to announce that it will participate in the Bank of America Battery and Storage Conference, which will be held virtually on Tuesday, Jan. 11, 2022. The following members of the senior management team will participate in one-on-one meetings and the company will take part in an analyst-hosted fireside chat: Kevin Crutchfield, President and Chief Executive Officer Lorin Crenshaw, Chief Financial Officer Ryan Bartlett, Chief Strategy Officer Chris Yandell, Full story available on Benzinga.com

https://www.investing.com/news/stock-market-news/bank-of-america-to-staff-get-a-booster-well-give-a-food-bank-100-2731617

''We expect the Pfizer narrative to shift to benefits of its Covid-19 success in stepped up pipeline/portfolio investments,'' BofA said.

The U.S. pilots union insists regulators should not compromise on safety when considering the rollout of a new 5G data frequency for cell phone service providers.