Bank of America Corp

NYSE: BAC
$25.21
-$0.14 (-0.6%)
Closing price September 18, 2020
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Thursday's top analyst upgrades and downgrades included AGCO, Ambarella, Bank of America, Beyond Meat, Chipotle Mexican Grill, Costco Wholesale, CrowdStrike, Eli Lilly, JPMorgan, MongoDB, SmartSheet...
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One thing that Bank of America has going for it as a major endorsement is Warren Buffett, and his endorsement just became even larger.
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Bank stocks traditionally kick off earnings season and play a large role in gauging the temperature for how the rest of the season may go.
24/7 Wall St. has put together a preview of Bank of America, Citigroup and some of the other major financial companies kicking off the new earnings reporting season.
Thursday's top analyst upgrades and downgrades included Alibaba, Bank of America, Beyond Meat, Chipotle Mexican Grill, First Solar, Microsoft, Plug Power, Square, Tesla and Valero Energy.
Wednesday's top analyst upgrades and downgrades included Altria, Apple, Caterpillar, Citigroup, JPMorgan, Nikola, Nokia, Novavax, Transocean, Valero Energy, Walt Disney and Wells Fargo.
The Federal Reserve has created a formula to determine whether a bank can pay third-quarter dividends. Of the nation's eight largest banks, seven have said they will pay their dividends.
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24/7 Wall St. reviewed the cap on bank stock dividends by looking at it on those paid in the second quarter and being given a further limit based on recent earnings.