RY 174.39 2.4016% SHOP 149.115 2.5974% TD 78.325 0.1214% ENB 60.6 1.3039% BN 80.4 1.9787% TRI 226.27 0.7525% CNQ 48.285 2.2771% CP 104.53 1.6038% CNR 151.74 1.5459% BMO 132.69 0.9203% BNS 78.845 0.1715% CSU 4600.2002 2.157% CM 91.15 0.474% MFC 45.79 1.6878% ATD 78.38 1.5285% NGT 60.14 0.0499% TRP 70.15 1.977% SU 57.44 0.5954% WCN 264.27 1.3305% L 177.71 0.2539%

blue-chip

One NYSE: Listed Banking Stock at Resistance Level: Bank of America Corporation

Oct 15, 2024 | Team Kalkine
One NYSE: Listed Banking Stock at Resistance Level: Bank of America Corporation

BAC:NYSE
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Bank of America Corporation

Company Overview: Bank of America Corporation (NYSE: BAC) is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets.

As per our previous US Dividend Income Report published on ‘BAC’ on 07th August 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 36.92 based on decent fundamentals, improved shareholders return, associated risks, improved topline financials, increased avg. deposit and current valuation and the stock price has now moved by ~16.79% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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