Bank of America Corp

Bank of America Corp (BAC Stock)

Bank of America is one of the world’s leading financial services companies, offering individual consumers, small and middle-market businesses, and large corporations a full range of banking, investing, asset management, and other financial and risk management products and services. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories, and approximately 35 countries. BAC stock is listed on the New York Stock Exchange. Over a period 2008-2021 Bank of America’s share price rose from $2.6 to $43.

How to buy stocks online with FBS?

You can trade contracts for difference (CFDs) on Bank of America stock. CFDs reflect the BAC stock price movement. It allows you to trade in both directions. In other words, you can gain from the price going up as well as from it going down.

You can also use leverage. This means that with only a small amount of money you can control much bigger financial positions. Always remember that leverage allows you to multiply your account. On the downside, you may lose a considerable part of it if the market goes against your trades.

What drives the Bank of America share price?

Bank of America shares price depends on the overall health of the economy and the consumer demand index. Most of the bank's clients are middle class. They are the first to feel the effects of the financial crisis. As soon as the inflow of customer funds decreases and the turnover decreases, the bank loses profit.

While analyzing the value of Bank of America stocks investors pay the most attention to domestic and international politics, earnings reports, and US monetary policy perspectives.

You can always check FBS's best stock to trade list and pick the best option!

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2021-07-27 • Updated

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    Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading. 

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