BAC, NYSE

Bank of America Corporation (BAC)

Price (as of October 21)

34.95USD

Correlations

The correlation describes the statistical relationship between the value of two assets over time. Use this relationship to bet against an asset without shorting it or diversify your portfolio more effectively. Learn how you can use correlations to your advantage.

Lowest within Industry

Symbol Correlation

HNVR

Hanover Bancorp, Inc.

-0.15

BAFN

BayFirst Financial Corp.

-0.07

FITBI

Fifth Third Bancorp

-0.07

BNS.TO

The Bank of Nova Scotia

-0.06

ASB

Associated Banc-Corp

-0.05

COFS

ChoiceOne Financial Services, Inc.

-0.05

FCNCP

First Citizens BancShares, Inc.

-0.05

BCBP

BCB Bancorp, Inc.

-0.05

FITB

Fifth Third Bancorp

-0.05

FHN

First Horizon Corporation

-0.05

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Highest within Industry

Symbol Correlation

WFC

Wells Fargo & Company

0.8

C

Citigroup Inc.

0.8

JPM

JPMorgan Chase & Co.

0.78

PNC

The PNC Financial Services Group, Inc.

0.75

TFC

Truist Financial Corporation

0.75

USB

U.S. Bancorp

0.7

NU

Nu Holdings Ltd.

0.34

CLST

Catalyst Bancorp, Inc.

0.16

DCOMP

Dime Community Bancshares, Inc.

0.15

BCOW

1895 Bancorp of Wisconsin, Inc.

0.13

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Profile

Sector:
Financial Services
Industry:
Banks

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company’s Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company’s Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.