Bank of America

Rate

At this moment, the price of Bank of America is —. The 24-hour trading volume is —. Over the past 24 hours, the price of Bank of America has changed from — to —. The daily high reached — over the past 24 hours, while the daily low was —.

History

Its roots go back to the Bank of Italy, founded in San Francisco in 1904 to lend to immigrants the established banks ignored. A century of mergers followed, including Merrill Lynch during the 2008 crisis.

Technology

Earnings come from net interest income — the spread between what the bank pays for deposits and earns on loans — plus wealth management and investment banking fees.

Use cases

Bank shares are a direct play on interest rates and credit conditions, which makes Bank of America move sharply around central-bank decisions.

Forecast

Walbi does not publish price targets. What can be said is what moves this instrument: bank shares are a direct play on interest rates and credit conditions, which makes Bank of America move sharply around central-bank decisions. Positions here are perpetual contracts settled in USD rather than shares, so there is no ownership, no dividend and no shareholder vote — and funding is exchanged between long and short holders for as long as a position stays open.