- Bank of America’s charge-off rate in September was 2.51%.
- The delinquency rate for the same month was 1.48%.
- There are 15 buy recommendations for Bank of America’s stocks.
- There are 10 hold recommendations for the stock.
- No sell recommendations are currently reported for Bank of America’s stock.
A look at Bank Of America Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank of America Corporation, a leading financial institution known for its diverse range of banking, investing, and asset management services, presents a promising long-term outlook according to the Smartkarma Smart Scores. With strong scores in value and momentum, the company is positioned well for future growth and stability. The robust value score reflects the company’s attractive fundamentals and potential for solid returns, while the high momentum score indicates a positive trend in market performance.
While Bank of America scores moderately in dividend and growth, its resilience score suggests room for improvement in terms of managing risks and challenges. Overall, the company’s strategic positioning in the financial services industry, coupled with its favorable scores across key factors, bodes well for its continued success and potential for sustained growth in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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