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End of Day Alert: Bank of America up 3.2% in 2 days 20 September 2018 17:53 EDT

NEWS BITES - NORTH AMERICA

Bank of America, NYSE's 2nd largest bank by market capitalisation, extended its gains on Thursday, rising an additional 19.0c (or 0.6%) to trade at $US31.19. Trading volume was 1.3 times average at the end of the day. The shares have risen 98.0c (or 3.2%) over the past two trading days vs. the S&P 500 Index which has risen 0.9% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 4.8% discount to 12-month high of $US32.76 against the 29.1% premium to 12-month low of $US24.17 suggests the stock continues to push for new highs.

+ The price lifted 3.5% in the last week and increased 1.5% in the last month.

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 3% of stock by value of Q Ratio.

+ Net profit margin has averaged 32.9% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ The Brand Value represents 3.9% of the estimated Enterprise Value of $US571.6 billion.

Note

Bearish Signals:

The stock has underperformed 73% of the NYSE market over the past 6 months.

As per the Du Pont analysis, Return on Equity is less than stellar at 6.8%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Dividend yield of 1.6% [1.8%]

Return on Equity 6.8% [7.6%]

RECENT ALERTS

End of Day Alert: Bank of America lifts 2.6% on robust volume

19 September 2018 17:54 EDT

Bank of America, NYSE's 2nd largest bank by market capitalisation, traded on heavy volume of 1.4 times average today while the price lifted 79.0c (or 2.6%) to trade at $US31.0. Compared with the S&P 500 Index which rose 3.6 points (or 0.1%) in the day, this represented a relative price increase of 2.5%.

Afternoon Alert: Bank of America lifts 2.1% on robust volume

19 September 2018 12:39 EDT

Bank of America Corporation (NYSE:BAC) traded on heavy volume of 1.7 times average so far today while the price lifted 64.0c (or 2.1%) to trade at $US30.85.

Bank of America Corporation (N:BAC)

ISIN: US0605051046

PermID: 4295188068

CIK: 70858

CUSIP: 060505104

Source: www.BuySellSignals.com