Bank of America Corp Company Profile (NYSE:BAC)

About Bank of America Corp (BAC)

Bank of America Corp logoBank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Money Center Banks
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: BAC
  • CUSIP: N/A
Key Metrics:
  • Previous Close: $23.02
  • 50 Day Moving Average: $24.33
  • 200 Day Moving Average: $20.56
  • 52-Week Range: $12.05 - $25.80
  • Trailing P/E Ratio: 15.32
  • Foreward P/E Ratio: 10.92
  • P/E Growth: 1.22
  • Market Cap: $241.25B
  • Outstanding Shares: 10,516,450,000
  • Beta: 1.47
Profitability:
  • Net Margins: 18.10%
  • Return on Equity: 6.85%
  • Return on Assets: 0.76%
Debt:
  • Debt-to-Equity Ratio: 0.90%
  • Current Ratio: 0.90%
  • Quick Ratio: 0.90%

Analyst Ratings

Consensus Ratings for Bank of America Corp (NYSE:BAC) (?)
Ratings Breakdown: 1 Sell Rating, 6 Hold Ratings, 25 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.79)
Consensus Price Target: $21.44 (6.54% downside)

Analysts' Ratings History for Bank of America Corp (NYSE:BAC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
3/16/2017Compass PointDowngradeNeutral -> Sell$20.00N/AView Rating Details
3/16/2017Credit Suisse Group AGBoost Price TargetOutperform$27.00N/AView Rating Details
2/16/2017MacquarieUpgradeNeutral -> Outperform$28.00N/AView Rating Details
2/7/2017Daiwa Capital MarketsUpgradeHold -> OutperformN/AView Rating Details
1/17/2017Goldman Sachs Group IncReiterated RatingConviction-Buy$27.00N/AView Rating Details
1/17/2017NomuraReiterated RatingBuy$25.00N/AView Rating Details
1/17/2017FBR & CoReiterated RatingOutperform$27.00N/AView Rating Details
1/11/2017Renaissance CapitalReiterated RatingBuy$26.00N/AView Rating Details
1/11/2017Raymond James Financial, Inc.Reiterated RatingBuyN/AView Rating Details
1/11/2017Oppenheimer Holdings Inc.Reiterated RatingBuy$19.00N/AView Rating Details
1/11/2017Keefe, Bruyette & WoodsReiterated RatingBuy$23.00N/AView Rating Details
1/11/2017Standpoint ResearchReiterated RatingHoldN/AView Rating Details
1/11/2017Societe GeneraleUpgradeHold -> Buy$17.00N/AView Rating Details
1/11/2017GuggenheimReiterated RatingHold$22.00N/AView Rating Details
1/11/2017Deutsche Bank AGReiterated RatingHold$17.00N/AView Rating Details
1/11/2017BMO Capital MarketsReiterated RatingHold$20.00N/AView Rating Details
1/11/2017Barclays PLCReiterated RatingHold$26.00N/AView Rating Details
1/11/2017Robert W. BairdReiterated RatingHold$16.00N/AView Rating Details
1/11/2017Rafferty Capital MarketsReiterated RatingBuy$19.00N/AView Rating Details
1/11/2017Morgan StanleyReiterated RatingBuy$17.00N/AView Rating Details
1/11/2017Jefferies Group LLCReiterated RatingBuy$24.00N/AView Rating Details
1/11/2017InstinetReiterated RatingBuy$19.00N/AView Rating Details
1/11/2017CLSAReiterated RatingBuy$25.00N/AView Rating Details
1/11/2017Citigroup IncReiterated RatingBuy$19.00 -> $26.00N/AView Rating Details
1/11/2017Sanford C. BernsteinReiterated RatingBuy$17.00N/AView Rating Details
1/11/2017Atlantic SecuritiesReiterated RatingBuyN/AView Rating Details
1/5/2017Erste GroupUpgradeSell -> BuyN/AView Rating Details
8/31/2016S&P Equity ResearchReiterated RatingBuy$18.00N/AView Rating Details
7/13/2016Berenberg BankInitiated CoverageBuy$15.00N/AView Rating Details
7/9/2016Royal Bank of CanadaReiterated RatingBuyN/AView Rating Details
7/9/2016Wells Fargo & CoReiterated RatingBuyN/AView Rating Details
6/21/2016Buckingham ResearchReiterated RatingBuyN/AView Rating Details
4/9/2016JPMorgan Chase & Co.Reiterated RatingBuyN/AView Rating Details
1/20/2016Portales PartnersUpgradeHoldN/AView Rating Details
1/21/2016Independent Research GmbHLower Price Target$18.00 -> $15.00N/AView Rating Details
1/20/2016Sandler O'NeillUpgradeHold -> BuyN/AView Rating Details
7/17/2015ArgusUpgradeHold -> Buy$17.95 -> $20.00N/AView Rating Details
5/27/2015Evercore ISIReiterated RatingBuy$18.00N/AView Rating Details
(Data available from 3/23/2015 forward)

Earnings

Earnings History for Bank of America Corp (NYSE:BAC)
Earnings by Quarter for Bank of America Corp (NYSE:BAC)
Earnings History by Quarter for Bank of America Corp (NYSE:BAC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/12/2017        
1/13/2017Q416$0.38$0.40$20.00 billionViewListenView Earnings Details
10/17/2016Q316$0.33$0.41$21.04 billion$21.64 billionViewListenView Earnings Details
7/18/2016Q216$0.33$0.36$20.41 billion$20.60 millionViewListenView Earnings Details
4/14/2016Q116$0.21$0.21$20.30 billion$20.90 billionViewListenView Earnings Details
1/19/2016Q415$0.26$0.28$19.86 billion$3.34 billionViewListenView Earnings Details
10/14/2015Q315$0.33$0.37$20.77 billion$20.91 billionViewListenView Earnings Details
7/15/2015Q215$0.36$0.45$21.32 billion$22.30 billionViewListenView Earnings Details
4/15/2015Q115$0.29$0.27$21.40 millionViewListenView Earnings Details
1/15/2015Q414$0.32$0.25$21.33 billion$19.58 billionViewListenView Earnings Details
10/15/2014Q314($0.09)($0.01)$21.33 billion$21.40 billionViewListenView Earnings Details
7/16/2014Q214$0.30$0.41$21.69 billion$21.96 billionViewN/AView Earnings Details
4/16/2014Q114$0.05$0.35$22.38 billion$22.80 billionViewListenView Earnings Details
1/15/2014Q413$0.27$0.29$21.28 billion$21.70 billionViewListenView Earnings Details
10/16/2013Q313$0.19$0.20$22.11 billion$22.19 billionViewListenView Earnings Details
7/17/2013Q2 2013$0.25$0.32$22.61 billion$22.95 billionViewListenView Earnings Details
4/17/2013Q1 2013$0.23$0.20$23.50 billion$23.70 billionViewListenView Earnings Details
1/17/2013Q4 2012$0.20$0.03$22.40 billion$22.60 billionViewListenView Earnings Details
7/18/2012$0.14$0.19ViewN/AView Earnings Details
4/19/2012$0.11$0.03ViewN/AView Earnings Details
1/19/2012$0.18$0.15ViewN/AView Earnings Details
10/18/2011$0.22$0.56ViewN/AView Earnings Details
7/19/2011$0.30$0.33ViewN/AView Earnings Details
1/21/2011$0.14$0.04ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Bank of America Corp (NYSE:BAC)
Current Year EPS Consensus Estimate: $1.74 EPS
Next Year EPS Consensus Estimate: $2.10 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20164$0.21$0.30$0.25
Q2 20163$0.33$0.40$0.36
Q3 20164$0.32$0.34$0.33
Q4 20164$0.35$0.39$0.37
Q1 20173$0.33$0.36$0.35
Q2 20173$0.47$0.48$0.48
Q3 20173$0.44$0.48$0.46
Q4 20173$0.41$0.48$0.45
Q1 20181$0.40$0.40$0.40
Q2 20181$0.53$0.53$0.53
Q3 20181$0.55$0.55$0.55
Q4 20181$0.59$0.59$0.59
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Bank of America Corp (NYSE:BAC)
Next Dividend:3/31/2017
Annual Dividend:$0.30
Dividend Yield:1.31%
Dividend Growth:84.20% (3 Year Average)
Payout Ratio:21.74% (Trailing 12 Months of Earnings)
17.24% (Based on This Year's Estimates)
14.29% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Bank of America Corp (NYSE:BAC)

Dividend History by Quarter for Bank of America Corp (NYSE:BAC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/27/2017quarterly$0.081.28%3/1/20173/3/20173/31/2017
10/31/2016quarterly$0.081.82%11/30/201612/2/201612/30/2016
7/29/2016quarterly$0.082.07%8/31/20169/2/20169/23/2016
5/2/2016quarterly$0.051.35%6/1/20166/3/20166/24/2016
1/21/2016quarterly$0.051.47%3/2/20163/4/20163/25/2016
10/22/2015quarterly$0.051.21%12/2/201512/4/201512/24/2015
7/23/2015quarterly$0.051.12%9/2/20159/4/20159/25/2015
4/16/2015quarterly$0.051.29%6/3/20156/5/20156/26/2015
2/10/2015quarterly$0.051.22%3/4/20153/6/20153/27/2015
10/23/2014quarterly$0.051.2%12/3/201412/5/201412/26/2014
8/6/2014quarterly$0.051.32%9/3/20149/5/20149/26/2014
6/19/2014quarterly$0.010.26%6/20/20146/30/20147/25/2014
6/18/2014quarterly$0.016/20/20146/24/20146/30/2014
2/11/2014quarterly$0.010.24%3/5/20143/7/20143/28/2014
10/24/2013quarterly$0.010.28%12/4/201312/6/201312/27/2013
7/24/2013quarterly$0.010.27%9/4/20139/6/20139/27/2013
4/30/2013quarterly$0.010.33%6/5/20136/7/20136/28/2013
1/23/2013quarterly$0.010.35%2/27/20133/1/20133/22/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Bank of America Corp (NYSE:BAC)
Insider Ownership Percentage: 0.18%
Institutional Ownership Percentage: 63.95%
Insider Trades by Quarter for Bank of America Corp (NYSE:BAC)
Institutional Ownership by Quarter for Bank of America Corp (NYSE:BAC)
Insider Trades by Quarter for Bank of America Corp (NYSE:BAC)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/21/2016Michael D WhiteDirectorBuy25,000$20.14$503,500.00View SEC Filing  
8/15/2016Ynoface Holdings IncInsiderBuy798,403,194$15.03$12,000,000,005.82View SEC Filing  
8/2/2016Thomas D WoodsDirectorBuy25,000$14.13$353,250.00View SEC Filing  
2/22/2016Thong M NguyenInsiderBuy30,000$12.43$372,900.00View SEC Filing  
2/16/2016Frank P BrambleDirectorBuy75,000$12.32$924,000.00View SEC Filing  
7/21/2015Thong M NguyenInsiderSell7,520$18.06$135,811.20View SEC Filing  
5/11/2015Murray Ross OrrDirectorBuy50,000$0.04$2,000.00
5/5/2015Murray Ross OrrDirectorBuy10,000$0.05$480.00
4/28/2015Of America Corp /De/ BankMajor ShareholderSell2,000$25.52$51,040.00View SEC Filing  
4/27/2015Of America Corp /De/ BankMajor ShareholderBuy2,000$25.51$51,020.00View SEC Filing  
4/15/2015Murray Ross OrrDirectorBuy11,000$0.04$418.00
4/10/2015Murray Ross OrrDirectorBuy1,000$0.02$20.00
3/17/2015Murray Ross OrrDirectorBuy60,000$0.02$1,200.00
9/30/2014Of America Corp /De/ BankMajor ShareholderSell1$21.38$21.38View SEC Filing  
9/24/2014Of America Corp /De/ BankMajor ShareholderBuy1$21.61$21.61View SEC Filing  
10/18/2013Thomas J MayDirectorSell1,632$14.63$23,876.16View SEC Filing  
8/5/2013Cotty NeilCAOSell30,000$14.70$441,000.00View SEC Filing  
6/14/2013Charles K GiffordDirectorSell580,734$13.07$7,590,193.38View SEC Filing  
5/10/2013Linda P HudsonDirectorSell6,934$12.94$89,725.96View SEC Filing  
4/18/2013R David YostDirectorBuy20,000$11.51$230,200.00View SEC Filing  
1/24/2013R David YostDirectorBuy20,000$11.53$230,600.00View SEC Filing  
11/7/2012R David YostDirectorBuy10,000$9.48$94,800.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Bank of America Corp (NYSE:BAC)
Latest Headlines for Bank of America Corp (NYSE:BAC)
Source:
DateHeadline
investorplace.com logoBank of America: BAC Stock Is a SAFETY Play? (NYSE:BAC)
investorplace.com - March 23 at 9:25 AM
seekingalpha.com logoBank Of America: What To Do After Yesterday's Massacre? (NYSE:BAC)
seekingalpha.com - March 22 at 4:20 PM
seekingalpha.com logoBank Of America: It Is Time To Be Greedy (NYSE:BAC)
seekingalpha.com - March 22 at 4:20 PM
us.rd.yahoo.com logoFinancials Sector Led the Market Slump on March 21 (NYSE:BAC)
us.rd.yahoo.com - March 22 at 4:20 PM
thestreet.com logoHedge Funds Love These 4 Stocks -- Should You? (NYSE:BAC)
us.rd.yahoo.com - March 22 at 4:20 PM
us.rd.yahoo.com logoAre Investors Wrong to Be Selling Bank of America Stock Now? (NYSE:BAC)
us.rd.yahoo.com - March 22 at 4:20 PM
thestreet.com logoHas the Correction Started? It's Not Too Late for This Proven Hedge (NYSE:BAC)
us.rd.yahoo.com - March 22 at 4:20 PM
investorplace.com logoBank of America Corp (BAC) Stock: The Best Place to Buy This Plunge (NYSE:BAC)
investorplace.com - March 22 at 9:05 AM
seekingalpha.com logoBank Of America: Your Post Hike Entry (NYSE:BAC)
seekingalpha.com - March 21 at 9:13 PM
fool.com logoWhy Under Armour, Canadian Solar, and Bank of America Slumped Today (NYSE:BAC)
www.fool.com - March 21 at 4:25 PM
benzinga.com logoBank Of America Having Its Worst Day Since June 2016 (NYSE:BAC)
www.benzinga.com - March 21 at 4:10 PM
fool.com logoWhy Bank of America Shares Are Down 5% Today (NYSE:BAC)
www.fool.com - March 21 at 4:10 PM
investorplace.com logoLet Bank of America Corp (BAC) Stock Short Itself for You (NYSE:BAC)
investorplace.com - March 21 at 2:57 PM
benzinga.com logoBank Of America, Herbalife, Micron, Netflix: Fast Money Picks For March 21 (NYSE:BAC)
www.benzinga.com - March 21 at 12:25 PM
seekingalpha.com logoBear Protection For Bank Of America (NYSE:BAC)
seekingalpha.com - March 21 at 12:25 PM
us.rd.yahoo.com logoPRESS DIGEST- New York Times business news - March 21 (NYSE:BAC)
us.rd.yahoo.com - March 21 at 12:25 PM
us.rd.yahoo.com logoStocks are tumbling, banks getting crushed (NYSE:BAC)
us.rd.yahoo.com - March 21 at 12:25 PM
investorplace.com logoBuy Bank of America Corp (BAC) Stock Before Rates Rise Again (NYSE:BAC)
investorplace.com - March 21 at 9:18 AM
nasdaq.com logoInteresting January 2018 Stock Options for BAC (NYSE:BAC)
www.nasdaq.com - March 20 at 4:07 PM
finance.yahoo.com logoAnalyst's Upgrade Fires Up FireEye Inc Stock (FEYE) (NYSE:BAC)
finance.yahoo.com - March 20 at 4:07 PM
bizjournals.com logoBofA exec talks candidly about challenges facing women in banking (NYSE:BAC)
www.bizjournals.com - March 20 at 4:07 PM
fool.com logoBank of America's CEO Just Answered an Important Riddle for Shareholders (NYSE:BAC)
www.fool.com - March 20 at 1:23 PM
cnbc.com logoThis beat-up security stock will rally nearly 70% on turnaround, analyst says (NYSE:BAC)
www.cnbc.com - March 20 at 11:44 AM
News IconHere's how virtually everything you can invest in is performing this year (NYSE:BAC)
www.businessinsider.com - March 20 at 7:02 AM
News IconBaidu Inc (BIDU) Stock Rating Reaffirmed by Bank of America Corp (NYSE:BAC)
www.americanbankingnews.com - March 19 at 5:42 PM
bizjournals.com logoHow a C-level executive at BofA — one of banking's most powerful women — got men to listen (NYSE:BAC)
us.rd.yahoo.com - March 18 at 3:40 PM
us.rd.yahoo.com logoBofA's Banks Sees S&P 500 at 2,600 Before Pullback (NYSE:BAC)
us.rd.yahoo.com - March 17 at 9:28 PM
thestreet.com logo3 Reasons to Sell Bank of America's Stock (NYSE:BAC)
us.rd.yahoo.com - March 17 at 9:28 PM
fool.com logoHow Much Stock Does Bank of America Buy Back Each Year? (NYSE:BAC)
www.fool.com - March 17 at 4:27 PM
investorplace.com logoGet in Early on Bank of America Corp (BAC) Earnings (NYSE:BAC)
investorplace.com - March 17 at 10:41 AM
investorplace.com logoSell Bank of America Corp (BAC) Stock Before the Rate Hike! - Investorplace.com (NYSE:BAC)
investorplace.com - March 16 at 10:18 PM
bizjournals.com logoBreaking down Bank of America CEO Brian Moynihan’s 2016 pay raise (NYSE:BAC)
us.rd.yahoo.com - March 16 at 5:16 PM
fool.com logoHow Brian Moynihan Is Redefining Bank of America (NYSE:BAC)
www.fool.com - March 16 at 5:03 PM
investorplace.com logoS&P 500 Surges After Federal Reserve Hikes Interest Rates (NYSE:BAC)
investorplace.com - March 15 at 5:52 PM
investorplace.com logoS&P 500 Surges After Federal Reserve Hikes Interest Rates (NYSE:BAC)
investorplace.com - March 15 at 5:34 PM
seekingalpha.com logoBank of America Corporation (BAC) (NYSE:BAC)
seekingalpha.com - March 15 at 4:02 PM
reuters.com logoBank of America shareholders revive chairman debate (NYSE:BAC)
www.reuters.com - March 15 at 4:02 PM
us.rd.yahoo.com logoBofA (BAC) Might Shift to Dublin from London Post Brexit (NYSE:BAC)
us.rd.yahoo.com - March 15 at 4:02 PM
us.rd.yahoo.com logoBofA, JPMorgan, and the Fiduciary Rule: Will They or Won't They (NYSE:BAC)
us.rd.yahoo.com - March 15 at 4:02 PM
us.rd.yahoo.com logoToday's charts: JPMorgan, Bank of America, Citizens Financial Group gain ahead of Fed rate hike decision (NYSE:BAC)
us.rd.yahoo.com - March 15 at 4:02 PM
finance.yahoo.com logoFed Raises Interest Rates for Third Time Since Financial Crisis (NYSE:BAC)
finance.yahoo.com - March 15 at 4:02 PM
feeds.benzinga.com logoLISC receives $3.8 million from Bank of America to spur economic gains for low-income families, communities (NYSE:BAC)
feeds.benzinga.com - March 15 at 11:57 AM
bizjournals.com logoBank of America launches peer-to-peer payments with Zelle (NYSE:BAC)
www.bizjournals.com - March 14 at 3:42 PM
uk.finance.yahoo.com logoBofA exec says Dublin "default" Brexit option but no decision yet (NYSE:BAC)
uk.finance.yahoo.com - March 14 at 3:42 PM
forbes.com logoNo Garage Sale In Art: Leading Or Lagging Indicator? (NYSE:BAC)
www.forbes.com - March 14 at 3:42 PM
investorplace.com logoSell Bank of America Corp (BAC) Stock Before the Rate Hike! (NYSE:BAC)
investorplace.com - March 14 at 2:01 PM
News IconEquities Research Analysts’ Upgrades for March, 14th (AKZOY, ENTG, ETH, OXY, SGRY, SNIRF, SUI, SXE, SZGPY, TDG) (NYSE:BAC)
www.americanbankingnews.com - March 14 at 9:58 AM
bloomberg.com logoBofA Likely to Choose Dublin for Main EU Base After British Exit (NYSE:BAC)
www.bloomberg.com - March 14 at 7:27 AM
investorplace.com logoMonday's Vital Data: Bank of America Corp (BAC), Snap Inc (SNAP) and Altria Group Inc (MO) - Investorplace.com (NYSE:BAC)
investorplace.com - March 13 at 3:55 PM
feeds.benzinga.com logoNOTICE TO UPS EMPLOYEES/SHAREHOLDERS: Klayman & Toskes, P.A. Files $1,000,000 FINRA Arbitration Claim on Behalf of Retired UPS Employee for Losses Suffered as a result of Merrill Lynch's Unsuitable Recommendation to Invest in Rampart Strategy (NYSE:BAC)
feeds.benzinga.com - March 13 at 3:02 PM

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Frequently Asked Questions for Bank of America Corp (NYSE:BAC)

What is Bank of America Corp's stock symbol?

Bank of America Corp trades on the New York Stock Exchange (NYSE) under the ticker symbol "BAC."

How often does Bank of America Corp pay dividends? What is the dividend yield for Bank of America Corp?

Bank of America Corp announced a quarterly dividend on Friday, January 27th. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.075 per share on Friday, March 31st. This represents a $0.30 annualized dividend and a yield of 1.31%. The ex-dividend date is Wednesday, March 1st.

How were Bank of America Corp's earnings last quarter?

Bank of America Corp (NYSE:BAC) announced its quarterly earnings results on Friday, January, 13th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The firm had revenue of $20 billion for the quarter. Bank of America Corp had a return on equity of 6.85% and a net margin of 18.10%. Bank of America Corp's quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share.

When will Bank of America Corp make its next earnings announcement?

Bank of America Corp is scheduled to release their next quarterly earnings announcement on Wednesday, April, 12th 2017.

Where is Bank of America Corp's stock going? Where will Bank of America Corp's stock price be in 2017?

33 analysts have issued 12 month price targets for Bank of America Corp's shares. Their forecasts range from $15.00 to $28.00. On average, they expect Bank of America Corp's share price to reach $21.44 in the next year.

What are analysts saying about Bank of America Corp stock?

Here are some recent quotes from research analysts about Bank of America Corp stock:

  • 1. According to Zacks Investment Research, "Bank of America’s shares significantly outperformed the Zacks categorized Major Regional Banks industry, over the last six months. The company raised its prime lending rate following the latest Fed rate hike. Thus, margins should improve further, which along with rise in loan demand should drive revenues up. Also, the company is expected to continue benefiting from improved trading environment and rise in loan demand. While fee income growth concerns continue to be major near-term concern, the company's efforts to streamline and simplify operations continue to enhance efficiency and strengthen its balance sheet." (3/21/2017)
  • 2. Jefferies Group LLC analysts commented, "FFO/sh. Beat by $0.01. FFO/sh. at $0.75 beat Cantor/consensus by $0.01." (7/19/2016)
  • 3. Credit Suisse Group AG analysts commented, "We’re now removing that benefit and refining our estimates on base case assumptions that include lower long term interest rates and slower GDP growth. This drives estimate reductions, detailed below. Our DCF-derived target price is unchanged, which implies that BAC shares trade toward 0.7x forecast year end 2016 book value (1.0x TBV). Base case assumptions: no near term Fed tightening; long term interest rates at or near current levels well into 2017; somewhat slower domestic and global GDP growth (the CS Economics team now assumes US real GDP growth at 2.2% in 2017; global GDP growth of 2.6%). Estimate change detail—reducing 2016E/2017E/2018E. Using the above base case assumptions and thus (i) reflecting incremental FAS 91 charges of $0.85bn in our 2Q16 estimate and delaying the realization of any related recovery, (ii) reducing broader NIM/NII expectations to reflect reinvestment of maturing investment securities at lower spreads, and (ii) factoring in a more conservative outlook for brokerage and investment management revenues, we’ve reduced our 2016 base case estimate, to $1.22 from $1.30; our 2017E comes down to $1.45 from $1.55 per share; our 2018E is unchanged at $1.70." (7/7/2016)

Are investors shorting Bank of America Corp?

Bank of America Corp saw a decrease in short interest during the month of February. As of February 28th, there was short interest totalling 103,453,151 shares, a decrease of 3.0% from the February 15th total of 106,653,241 shares. Based on an average daily trading volume, of 85,791,074 shares, the short-interest ratio is presently 1.2 days.

Who owns Bank of America Corp stock?

Bank of America Corp's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Dodge & Cox (1.79%), Norges Bank (0.97%), Barrow Hanley Mewhinney & Strauss LLC (0.68%), Dimensional Fund Advisors LP (0.53%), ING Groep NV (0.41%) and Lansdowne Partners UK LLP (0.29%). Company insiders that own Bank of America Corp stock include Frank P Bramble, Michael D White, Murray Ross Orr, Of America Corp /De/ Bank, Thomas D Woods, Thong M Nguyen and Ynoface Holdings Inc.

Who sold Bank of America Corp stock? Who is selling Bank of America Corp stock?

Bank of America Corp's stock was sold by a variety of institutional investors in the last quarter, including Viking Global Investors LP, Arrowstreet Capital Limited Partnership, Barrow Hanley Mewhinney & Strauss LLC, Nokota Management LP, Prudential PLC, ING Groep NV, Kiltearn Partners LLP and International Value Advisers LLC.

Who bought Bank of America Corp stock? Who is buying Bank of America Corp stock?

Bank of America Corp's stock was acquired by a variety of institutional investors in the last quarter, including Dodge & Cox, Norges Bank, Lansdowne Partners UK LLP, Lone Pine Capital LLC, Russell Investments Group Ltd., Asset Management One Co. Ltd., Key Square Capital Management LLC and Public Sector Pension Investment Board. Company insiders that have bought Bank of America Corp stock in the last two years include Frank P Bramble, Michael D White, Murray Ross Orr, Of America Corp /De/ Bank, Thomas D Woods, Thong M Nguyen and Ynoface Holdings Inc.

How do I buy Bank of America Corp stock?

Shares of Bank of America Corp can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Bank of America Corp stock cost?

One share of Bank of America Corp stock can currently be purchased for approximately $22.94.

Bank of America Corp (BAC) Chart for Thursday, March, 23, 2017

This page was last updated on 3/23/2017 by MarketBeat.com Staff