Page 15 - While Bank News Today

There’s an adage that “inflation is too many dollars chasing too few goods.”

Shares of Bank of America Co. (NYSE:BAC) have received a consensus recommendation of "Moderate Buy" from the twenty research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the c

There’s an adage that “inflation is too many dollars chasing too few goods.”

Bank of Hawaii Co. (NYSE:BOH - Get Rating) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 1,790,000 shares, a decline of 12.7% from the August 31st total of 2,050,000 shares. Currently, 4.5% of the shares of the stock are short sold. Based on an average trading volume of 160,200 shares, the days-to-cover ratio is currently 11.2 days.

Bank of America Co. (NYSE:BAC) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 84,580,000 shares, a growth of 21.5% from the August 31st total of 69,620,000 shares. Currently, 1.1% of the company's shares are sold short. Based on an average daily volume of 39,890,000 shares, the short-interest ratio is currently 2.1 days.

Bank of America’s savings accounts and CDs carry subpar rates compared to high-yield online accounts, plus fees and minimum balances to consider before opening.

Let's see why BAC might be a buy amid fears of a interest-rate induced recession....BAC

As Canadians react to the latest data on soaring food prices, economists know that what the U.S. central bank announces will have an enormous effect on Canadian inflation, Canadian mortgage rates and the threat of a North American recession.

Bank of Hawaii Co. (NYSE:BOH - Get Rating) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 2,050,000 shares, a growth of 10.8% from the August 15th total of 1,850,000 shares. Based on an average daily trading volume, of 168,000 shares, the short-interest ratio is presently 12.2 days. Currently, 5.2% of the shares of the company are short sold.

Could bank stocks be about to turn around and head north for the last quarter of the year? Let’s take a look at three of them that are worth considering.