What the Options Market Tells Us About Bank of America
Portfolio Pulse from Benzinga Insights
The options market shows a bullish sentiment towards Bank of America (NYSE:BAC), with 61% of traders being bullish. Analysts have set a price target range of $35 to $50, with recent ratings from Oppenheimer, RBC Capital, and Morgan Stanley maintaining positive outlooks. BAC's stock is currently trading at $40.23, up by 0.76%, with an upcoming earnings release in 6 days.
October 09, 2024 | 3:46 pm
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The options market indicates a bullish sentiment for Bank of America, with a significant portion of trades being bullish. Analysts have set a price target range of $35 to $50, and the stock is currently trading at $40.23, up by 0.76%.
The options market shows a majority of bullish trades, indicating positive sentiment. Analysts' price targets are higher than the current trading price, suggesting potential for upward movement. The stock's recent price increase and upcoming earnings release could further influence positive sentiment.
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