Bank of America (BAC) Is Up 3.15% in One Week: What You Should Know

Momentum Investing Overview - Momentum investing involves following a stock's recent trend, aiming to buy high and sell even higher [1] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum potential [2] Bank of America (BAC) Momentum Analysis - BAC currently has a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4] - Stocks with Zacks Rank 1 or 2 and Style Scores of A or B tend to outperform the market over the following one-month period [4] Price Performance - BAC shares are up 3.15% over the past week, compared to the Zacks Financial - Investment Bank industry's 7.51% gain [6] - Over the past month, BAC shares have increased 5.14%, slightly below the industry's 6.16% performance [6] - BAC shares have gained 9.71% over the past quarter and 42.39% over the past year, outperforming the S&P 500's 3.62% and 26.55% gains, respectively [7] Trading Volume - BAC's average 20-day trading volume is 27,437,878 shares, indicating strong investor interest [8] Earnings Outlook - Over the past two months, 6 earnings estimates for BAC have moved higher, with only 1 downward revision for the full year [10] - BAC's consensus estimate for the full year has increased from $3.65 to$3.67 in the past 60 days [10] - For the next fiscal year, 6 estimates have moved upwards with no downward revisions [10] Conclusion - BAC is a strong momentum pick with a Zacks Rank of 2 (Buy) and a Momentum Score of B, making it a promising candidate for near-term growth [12]