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Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

Your capital is at risk.

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Trade [[data.name]]

[[ data.name ]]

[[ data.ticker ]]

[[ data.price ]] [[ data.change ]] ([[ data.changePercent ]]%)

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About

History

Competitors

About

History

Competitors

Bank of America is one of the oldest and largest financial institutions in the United States. Established in 1903 and headquartered in Charlotte, North Carolina, Bank of America offers retail banking services to individuals as well as business and commercial banking services to various companies across the country.

The bank's primary operations include consumer deposits, consumer loans, mortgages, general banking services and international operations. In addition to its traditional banking products, Bank of America also provides wealth management solutions such as retirement planning and investment advice through its Merrill Lynch subsidiary. Furthermore, it provides other financial services including debit cards, credit cards and insurance coverage.

Today, Bank of America has branches in all 50 states, operates five international offices around the globe and employs tens of thousands of people. With more than 126 million active accounts worldwide, the company continues to be a leader in providing financial services to customers throughout the world.

Since its inception in 1903, Bank of America has seen its share price change greatly over the years. As the largest bank in the United States, Bank of America’s stock price reflects the performance of all US banking stocks and global markets.

In 2008, at the height of the global financial crisis, Bank of America’s stock price dropped from $44.00 per share to a low of $3.14 per share. Since then, it has been on an upward trajectory, reaching a high of $37.15 per share in December 2020. The company's current price is around $34.00 per share as of February 2023.

Over time, Bank of America has demonstrated resilience and steady growth despite turbulent markets, making it a favorite among investors who are looking for long-term investments with low risk but potentially high returns over time.

Some of Bank of America’s direct competitors include JPMorgan Chase, Wells Fargo, Citigroup and U.S. Bancorp. Other major competitors include HSBC and PNC Financial Services Group. These banks offer similar products and services to Bank of America such as consumer banking, business banking, wealth management services, credit cards and insurance products.

Technology companies such as Apple, Google and Amazon are increasingly becoming rivals to traditional banks by offering digital payment solutions such as Apple Pay, Google Pay and Amazon Pay which makes it easier for customers to pay for goods without using cash or cards. This has become an increasingly popular form of payment in recent years which may pose long-term threats to traditional banks like Bank of America in the future.

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Swap short [[ data.swapShort ]] points
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Trading Hours Trading Hours

* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

Trade [[data.name]] with Skilling

All Hassle-free, with flexible trade sizes and with zero commissions!*

  • Trade 24/5
  • Minimum margin requirements
  • No commission, only spread
  • Fractional shares available
  • Easy to use platform

*Other fees may apply.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.

CFDs
Equities
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Capitalise on rising prices (go long)

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Capitalise on falling prices (go short)

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Trade with leverage
Hold larger positions than the cash you have at your disposal

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Trade on volatility
No need to own the asset

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No commissions
Just low spreads

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Manage risk with in-platform tools
Ability to set take profit and stop loss levels

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Thank you for considering Skilling!

You are about to visit: https://skilling.com/row/ which is operated by Skilling (Seychelles) Ltd, under the Financial Services Authority Seychelles License No: SD042. Before opening an account, please read the terms & conditions and contact our customer support for any questions.

Thank you for considering Skilling!

You are about to visit: https://skilling.com/row/ which is operated by Skilling (Seychelles) Ltd, under the Financial Services Authority Seychelles License No: SD042. Before opening an account, please read the terms & conditions and contact our customer support for any questions.

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