Bank of America Corp. Company Profile (NYSE:BAC)

About Bank of America Corp.

Bank of America Corp. logoBank of America Corporation is a bank holding and financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with various banking, investing, asset management and other financial and risk management products and services. Its segments include Consumer Banking, which provides credit, banking and investment products and services to consumers and small businesses; Global Wealth & Investment Management, which offers solutions, such as investment management, brokerage, banking and retirement products; Global Banking, which provides lending-related products and services, integrated working capital management and treasury solutions; Global Markets, which offers sales and trading services; Legacy Assets & Servicing, which provides mortgage servicing activities, and All Other, which consists of asset and liability management activities, equity investments and others.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Money Center Banks
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: BAC
  • CUSIP:
Key Metrics:
  • Previous Close: $16.72
  • 50 Day Moving Average: $15.88
  • 200 Day Moving Average: $14.74
  • 52-Week Range: $10.99 - $18.09
  • Trailing P/E Ratio: 12.12
  • Foreward P/E Ratio: 10.65
  • P/E Growth: 1.43
  • Market Cap: $175.84B
  • Outstanding Shares: 10,516,450,000
  • Beta: 1.5
  • Net Margins: 16.64%
  • Return on Equity: 6.34%
  • Return on Assets: 0.70%
  • Debt-to-Equity Ratio: 0.92%
  • Current Ratio: 0.92%
  • Quick Ratio: 0.92%
Additional Links:
Companies Related to Bank of America Corp.:

Analyst Ratings

Consensus Ratings for Bank of America Corp. (NYSE:BAC) (?)
Ratings Breakdown: 9 Hold Ratings, 20 Buy Ratings
Consensus Rating:Buy (Score: 2.69)
Consensus Price Target: $17.62 (5.38% upside)

Analysts' Ratings History for Bank of America Corp. (NYSE:BAC)
DateFirmActionRatingPrice TargetDetails
10/21/2016FBR & CoReiterated RatingOutperform$20.00View Rating Details
10/21/2016Jefferies GroupReiterated RatingBuy$19.00View Rating Details
10/18/2016NomuraReiterated RatingBuy$19.00View Rating Details
10/11/2016Barclays PLCReiterated RatingEqual Weight$19.00View Rating Details
10/11/2016Compass PointInitiated CoverageNeutral$13.00View Rating Details
10/7/2016Credit Suisse Group AGReiterated RatingOutperform$18.00 -> $19.00View Rating Details
9/27/2016Morgan StanleyReiterated RatingOverweight$17.00View Rating Details
9/23/2016Credit Agricole SABoost Price TargetOutperform$17.00 -> $18.00View Rating Details
9/16/2016Goldman Sachs Group Inc.Reiterated RatingBuy$17.00 -> $19.00View Rating Details
9/13/2016Societe GeneraleDowngradeBuy -> HoldView Rating Details
8/31/2016S&P Equity ResearchReiterated RatingBuy$18.00View Rating Details
8/25/2016Robert W. BairdUpgradeNeutral -> OutperformView Rating Details
8/25/2016MacquarieUpgradeUnderperform -> NeutralView Rating Details
8/25/2016Sanford C. BernsteinUpgradeNeutral -> Outperform$19.00View Rating Details
7/20/2016Keefe, Bruyette & WoodsReiterated RatingHold$15.00View Rating Details
7/19/2016Citigroup Inc.Boost Price TargetBuy$16.00 -> $17.00View Rating Details
7/13/2016Berenberg BankInitiated CoverageBuy$15.00View Rating Details
7/9/2016Royal Bank Of CanadaReiterated RatingBuyView Rating Details
7/9/2016Wells Fargo & Co.Reiterated RatingBuyView Rating Details
7/7/2016Raymond James Financial Inc.DowngradeOutperform -> Market PerformView Rating Details
7/6/2016Oppenheimer Holdings Inc.Reiterated RatingOutperform$20.00 -> $18.00View Rating Details
6/21/2016Buckingham ResearchReiterated RatingBuyView Rating Details
6/15/2016Deutsche Bank AGReiterated RatingBuyView Rating Details
4/17/2016BMO Capital MarketsReiterated RatingHoldView Rating Details
4/9/2016JPMorgan Chase & Co.Reiterated RatingBuyView Rating Details
3/1/2016Atlantic SecuritiesDowngradeOverweight -> NeutralView Rating Details
1/20/2016Portales PartnersUpgradeHoldView Rating Details
1/21/2016Independent Research GmbHLower Price Target$18.00 -> $15.00View Rating Details
1/20/2016Sandler O'NeillUpgradeHold -> BuyView Rating Details
12/6/2015Rafferty Capital MarketsReiterated RatingBuyView Rating Details
7/17/2015ArgusUpgradeHold -> Buy$17.95 -> $20.00View Rating Details
5/27/2015Evercore ISIReiterated RatingBuy$18.00View Rating Details
12/15/2014GuggenheimInitiated CoverageBuy$20.00View Rating Details
(Data available from 10/26/2014 forward)


Earnings History for Bank of America Corp. (NYSE:BAC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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)


Earnings Estimates for Bank of America Corp. (NYSE:BAC)
Current Year EPS Consensus Estimate: $1.41 EPS
Next Year EPS Consensus Estimate: $1.57 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$0.40$0.38
Q1 20172$0.30$0.34$0.32
Q2 20172$0.42$0.42$0.42
Q3 20172$0.41$0.44$0.43
Q4 20172$0.40$0.42$0.41
(Data provided by Zacks Investment Research)


Current Dividend Information for Bank of America Corp. (NYSE:BAC)
Annual Dividend:$0.30
Dividend Yield:1.79%
Dividend Growth:71.00% (3 Year Average)
Payout Ratio:23.81% (Based on Trailing 12 Months of Earnings)
21.28% (Based on Current Year Consensus EPS Estimate)
19.11% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth

Dividend History for Bank of America Corp. (NYSE:BAC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Bank of America Corp. (NYSE:BAC)
Insider Ownership Percentage: 0.18%
Institutional Ownership Percentage: 60.58%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)


Latest Headlines for Bank of America Corp. (NYSE:BAC)
News IconTwitter Inc (NYSE:TWTR) : Bank of America Corp (NYSE:BAC ... - Smаrt Stоck Nеws (NYSE:BAC) - October 25 at 8:51 PM logoBank of America Stock Split History (NYSE:BAC) - October 25 at 9:18 AM logoBank of America Corp Q3 Earnings Call: Rise of Fintech - TCC (NYSE:BAC) - October 25 at 8:35 AM logoAT&T’s Millions in Fees Give Perella Weinberg Shot at Redemption (NYSE:BAC) - October 25 at 8:35 AM logoBritish banker's torture video stuns jury in Hong Kong murder trial (NYSE:BAC) - October 25 at 8:35 AM logoRevealed: The Secrets to the Perfect Shopping Trip (NYSE:BAC) - October 25 at 8:35 AM logoMonday's Vital Data: Microsoft Corporation (MSFT), Bank of America Corp (BAC) and Time Warner Inc (TWX) - (NYSE:BAC) - October 24 at 3:44 PM logo'Smarter than a robot,' Bank of America's Erica will coach customers (NYSE:BAC) - October 24 at 3:44 PM logoRegulators taking another look at costs of Wall Street safety rule (NYSE:BAC) - October 24 at 8:38 AM logoHong Kong jury to see "torture" video as British banker's trial begins (NYSE:BAC) - October 24 at 8:38 AM logo[$$] Former BofA banker Rurik Jutting denies murder in HK trial (NYSE:BAC) - October 24 at 8:38 AM
News IconBank of America Corp (NYSE:BAC) & Delta Air Lines, Inc. (NYSE ... - Money News (NYSE:BAC) - October 23 at 3:40 PM
News IconStock to Track: Bank of America Corp (NYSE:BAC) - Post Registrar (NYSE:BAC) - October 22 at 3:42 PM logo[$$] AT&T to buy Time Warner in $80bn deal (NYSE:BAC) - October 22 at 3:42 PM logoHigher Fuel Costs For Alaska Air Offset By Top-Line Improvement (NYSE:BAC) - October 21 at 7:00 PM logoDid BAC’s 3Q Results Prompt Analysts to Change Their Tunes? (NYSE:BAC) - October 21 at 10:28 AM logoBank Of America: The Future Just Got Brighter (NYSE:BAC) - October 20 at 9:39 PM logoBank of America (BAC) CEO Brian Moynihan Discusses Wells Fargo Scandal (NYSE:BAC) - October 20 at 9:39 PM logoSelf-Help teams up with BofA, Freddie Mac (NYSE:BAC) - October 20 at 9:39 PM
News IconEarnings History of Bank of America Corporation (NYSE:BAC) (NYSE:BAC) - October 20 at 4:09 PM
News IconSteady Stock: Bank of America Corp (NYSE:BAC) (NYSE:BAC) - October 20 at 4:09 PM
News IconWall Street’s biggest investment banks say they just can’t help making so much money (NYSE:BAC) - October 20 at 4:09 PM logoBofA CEO Moynihan: We Feel Good About the U.S. (NYSE:BAC) - October 20 at 4:09 PM logoBofA CEO Moynihan: Investment Bank to Make Money Anytime (NYSE:BAC) - October 20 at 4:09 PM logoBofA CEO Moynihan: 'Preparing for All Cases' in Brexit (NYSE:BAC) - October 20 at 4:09 PM
News IconMerrill Lynch Has 5 Buy-Rated Stocks With 35% to 85% Upside Potential (NYSE:BAC) - October 20 at 9:16 AM logoMOVES-BAML reshuffles debt capital markets (NYSE:BAC) - October 19 at 1:41 PM logoMOVES-Diego De Giorgi becomes sole global head of investment banking at BAML - memo (NYSE:BAC) - October 19 at 10:10 AM
News IconBank of America Corp (NYSE:BAC) & Visa Inc (NYSE:V) News Buzz - Money News (NYSE:BAC) - October 19 at 8:39 AM logoBank of America Corp: Why BAC Stock is Important Again - Income Investors (NYSE:BAC) - October 19 at 8:39 AM logoCan Citigroup’s Dividend Hike Attract Investors? (NYSE:BAC) - October 19 at 8:39 AM logoBofA Takes Step Toward Still Improbable Goal (NYSE:BAC) - October 18 at 3:44 PM logoBank of America's casino banking arm comes up trumps (NYSE:BAC) - October 18 at 3:44 PM logoBank of America Corp (NYSE:BAC) Earnings Sugar-Coating Financial System (NYSE:BAC) - October 18 at 3:44 PM
News IconUpdate on Bank of America Corporation (NYSE:BAC) for the day (NYSE:BAC) - October 18 at 3:44 PM logoBank of America Looking Better, But Overhead Resistance Still an Obstacle (NYSE:BAC) - October 18 at 3:44 PM logoFINRA fines Merrill Lynch $2.8 million for reporting violations (NYSE:BAC) - October 18 at 3:44 PM logoBank of America is Becoming the 'Most Conservative' Big Bank. But Is That Good News? (NYSE:BAC) - October 18 at 3:44 PM logoForeign firms say UK profits hit by Brexit vote, weak sterling (NYSE:BAC) - October 18 at 3:44 PM logoFinancials lead European stocks to best session in nearly a month (NYSE:BAC) - October 18 at 3:44 PM
News IconBank of America: Investors are getting worried that a bond market crash is coming (NYSE:BAC) - October 18 at 11:43 AM
News IconUS Stocks Edge Lower Despite Strong Bank Of America Results - (NYSE:BAC) - October 18 at 8:34 AM logoTrading gains drive Goldman Sachs' profits sharply higher (NYSE:BAC) - October 18 at 8:34 AM logoMarket Extra: Bank of America tells stock investors to get ‘real’ as inflation makes its comeback (NYSE:BAC) - October 17 at 6:31 PM
News IconDow futures edge lower as stocks seen 'struggling to sustain themselves' - (NYSE:BAC) - October 17 at 3:42 PM
News IconAmazon and Netflix Weigh on the Street - Fox Business (NYSE:BAC) - October 17 at 3:42 PM logoBank of America Corp (BAC) Reports Q3 Earnings, Beats Street Estimates - TCC (NYSE:BAC) - October 17 at 3:42 PM logoUS stock indexes veer lower in afternoon trading; oil falls (NYSE:BAC) - October 17 at 3:42 PM logo[$$] Bank of America: fine print (NYSE:BAC) - October 17 at 3:42 PM logoBank of America profit rises on bond trading, cost cuts - Reuters (NYSE:BAC) - October 17 at 3:32 PM


Bank of America Corp. (NYSE:BAC) Chart for Wednesday, October, 26, 2016

Last Updated on 10/26/2016 by Staff