|Bid||22.61 x 800|
|Ask||22.66 x 800|
|Day's range||22.54 - 22.84|
|52-week range||21.55 - 28.29|
|Beta (5Y monthly)||1.39|
|PE ratio (TTM)||6.77|
|Forward dividend & yield||1.34 (6.01%)|
|Ex-dividend date||31 May 2022|
|1y target est||N/A|
Bank of America (NYSE: BAC) is positioned well to benefit from rising interest rates and market volatility. In this clip from "The Rank" on Motley Fool Live, recorded on April 25, Motley Fool contributor Matt Frankel discusses why Bank of America is his No. 1 pick.
Two of America’s largest home improvement retailers, Home Depot and Lowe’s, are expected to report fiscal Q1 2022 earnings next week. Ahead of these earnings releases, a recent Bank of America Global Research report suggests a positive outlook for the performance of the two companies.
Investors are primarily concerned about inflationary pressures and how they might affect the economy. The most recent Consumer Price Index (CPI) for April put inflation at 8.3%. While this is below March's CPI of 8.5%, it's still well above the Federal Reserve's long-term inflation target of 2%.