Bank of America Stocks, to invest or not?
Bank of America Corporation is an American multi-national investment bank and financial services, including the Bank of America Corporation Stocks. This is why whenever you think about finances in United States, Bank of America will always come to mind. Aside from that, they are also the second largest bank company in the world.
The bank also has operations in 40 other countries. In addition to this, it covers 80% of the population. Considering that it is one of the most important companies in the world, there are those who are interested in investing in Bank of America Cedear shares.
What is Bank of America?
Before talking about its shares, prices and how to invest, it is necessary to give some general aspects about this company. It is a company that offers banking and financial services to individuals, investors, governments, small and medium-sized companies, among others.
Currently, it has more than 5,600 bank branches and more than 16,200 ATMs in the United States. The bank as we know it was founded in 1998 in North Carolina and the value of Bank of America shares are highly regarded because they are in Warren Buffett’s investment portfolio.
Bank of America Stock Price
The Bank of America Corporation stocks price at the time this article was written is at $33.33 dollars, which represents a fall of -0.19% compared to the previous day. In the same way you can find out the price or value by your own means by typing the name of the company in the browser of your choice.
It should be noted that Bank of America Corp is listed on the New York Stock Exchange, also known as NYSE, and its symbol or instrument is identified by the acronym BAC. On the other hand, the market hours are from Monday to Friday from 15:30 to 22:00.
Historical Evolution of the Stock Chart
When reviewing the Bank of America stock graph, you will notice that it has had strong movements from 2000 to today. In this sense, if we have to talk about an important milestone, it was the blow they received in the “subprime crisis”, when the value of their shares plummeted to just 2 dollars.
It then suffered a similar decline, but since then Bank of America NASDAQ stocks have been bullish. In early 2022 it reached $49, a figure similar to what it had in 2006. However, as we mentioned, much of the year the price of Bank of America shares has been above $30.
Investing in Bank of America’s share price is very simple since, being one of the most important companies in the world, it appears in most investment platforms or brokers. Your shares can be traded with the popular CFDs or contracts for difference. You can also open various types of accounts.
With that clear, you should follow these steps:
- Select the investment platform of your preference.
- Register or open an account in it.
- Complete all account verification steps.
- Make a deposit with the amount of money you are willing to invest (each broker has its minimum limit).
- Find BAC and apply your investment strategy.
- Is it a good time to invest in BoFa?
Although it is true that, like all markets, Bank of America NYSE shares suffered the blow of the pandemic, it is still a good investment option in the long term. The issue of the pandemic forces banks to have low interest rates, therefore the profits are not so high for them. Despite this, experts say that gradually this will change and the shares will continue in the bull market.