The Chaikin Power Gauge RatingTM for Bank of America Corporation $BAC is neutral with very attractive financial metrics, weak earnings performance, bearish price/volume activity and positive expert opinions.
BAC's financial metrics are excellent due to a low price to book value. BAC's earnings performance is weak as a result of inconsistent earnings over the past 5 years.
Despite these bullish factors, Chaikin Power Tools has identified a negative trend resulting in a neutral rating.
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Marc Chaikin is a recognized expert in stock market analysis. He developed computerized stock selection models for professional money managers as well as for individual investors. In addition, he pioneered and created the first real-time analytics workstation for portfolio managers and stock traders; his proprietary analytics are now part of Thomson Reuters’ institutional workstation.
Marc also created the widely-used Chaikin Oscillator and Chaikin Persistency of Money Flow, the basis of Investor’s Business Daily’s Accumulation/Distribution Rating. His indicators’ predictive value has made them de facto standards in most technical analysis software packages.