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: $22.71
  • 50 Day Moving Average: $23.806
  • 200 Day Moving Average: $21.672
  • 52-Week Range: $12.05 - $25.80
  • Trailing P/E Ratio: 14.506
  • Foreward P/E Ratio: 10.99
  • P/E Growth: 1.200
  • Market Cap: $248.35B
  • Outstanding Shares: 10,516,450,000
  • Beta: 1.47
  • Net Margins: 18.10%
  • Return on Equity: 6.85%
  • Return on Assets: 0.76%
  • 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, 8 Hold Ratings, 22 Buy Ratings, 2 Strong Buy Ratings
Consensus Rating:Buy (Score: 2.76)
Consensus Price Target: $22.42 (5.11% downside)

Analysts' Ratings History for Bank of America Corp (NYSE:BAC)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/24/2017Berenberg BankDowngradeBuy -> Hold$15.00 -> $22.00HighView Rating Details
4/22/2017Barclays PLCReiterated RatingEqual Weight$26.00 -> $28.00HighView Rating Details
4/19/2017Vining SparksUpgradeStrong-Buy$28.00LowView Rating Details
4/19/2017NomuraReiterated RatingBuyLowView Rating Details
4/11/2017BMO Capital MarketsReiterated RatingHold$21.00LowView Rating Details
4/6/2017Keefe, Bruyette & WoodsReiterated RatingOutperformLowView Rating Details
4/4/2017Royal Bank of CanadaReiterated RatingBuy$26.00MediumView Rating Details
4/4/2017Citigroup IncDowngradeBuy -> Neutral$22.00 -> $25.00LowView Rating Details
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
1/17/2017FBR & 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
1/11/2017Standpoint 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
1/11/2017Robert 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
1/11/2017Sanford 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
7/9/2016Wells 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 4/24/2015 forward)


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
4/18/2017Q1 2017$0.35$0.41$21.77 billion$22.45 billionViewN/AView Earnings Details
1/13/2017Q416$0.38$0.40$20.62 billion$19.99 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$21.47 billion$21.20 billionViewListenView Earnings Details
1/15/2015Q414$0.31$0.32$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$0.29$0.31$21.69 billion$21.96 billionViewN/AView Earnings Details
4/16/2014Q114$0.05($0.05)$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)
2017 EPS Consensus Estimate: $1.78
2018 EPS Consensus Estimate: $2.07
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.35$0.36$0.35
Q2 20173$0.47$0.50$0.48
Q3 20173$0.47$0.50$0.48
Q4 20173$0.43$0.51$0.46
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)


Current Dividend Information for Bank of America Corp (NYSE:BAC)
Most Recent Dividend:3/31/2017
Annual Dividend:$0.30
Dividend Yield:1.27%
Dividend Growth:84.20% (3 Year Average)
Payout Ratio:21.74% (Trailing 12 Months of Earnings)
16.57% (Based on This Year's Estimates)
13.95% (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
(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)


Headline Trends for Bank of America Corp (NYSE:BAC)
Latest Headlines for Bank of America Corp (NYSE:BAC)
DateHeadline logoBank of America Corp (BAC) Downgraded by Vetr Inc. - April 25 at 12:30 AM logoBank of America Corp (BAC) Downgraded by Berenberg Bank to Hold - April 24 at 9:10 PM logo2 Reasons Bank of America's Stock Surged on Monday - April 24 at 7:25 PM logoBank Of America: Buy The Pullback? - April 24 at 3:48 PM logoBank of America Corp.'s Floating Rate Non-Cumulative Preferred Stock, Series E About To Put More Money In Your Pocket - April 24 at 3:48 PM logoBofA Vice Chair Looking Forward to Meeting Ivanka Trump - April 24 at 3:48 PM logoVive le rally: Global markets soar after French election - April 24 at 3:48 PM logoWhy Bank of America Shares Jumped 5% on Monday - April 24 at 3:05 PM logoBank of America Corp (BAC) Stock Clears Key Hurdle on French Election - April 24 at 2:03 PM logoBank of America Corp (BAC) Downgraded to Hold at Zacks Investment Research - April 24 at 12:22 PM logoSomewhat Positive News Coverage Very Unlikely to Impact Bank of America Corp (BAC) Stock Price - April 23 at 10:19 AM logoNomura Reiterates "Buy" Rating for Bank of America Corp (BAC) - April 23 at 9:15 AM logoPosen Sees Disappointing U.S. Infrastructure Bill - April 22 at 10:20 AM logoLe Pen vs. Melenchon Runoff Is Disaster, Says Adam Posen - April 22 at 10:20 AM logoPosen Sees No Reasonable Political Alternatives in Italy - April 22 at 10:20 AM logo[$$] It's Time to Put Some Money Into Banks - April 22 at 10:20 AM logoJefferies Group Research Analysts Increase Earnings Estimates for Bank of America Corp (BAC) - April 21 at 2:31 PM
News IconBAML: The '$1 trillion flow that conquers all' explains everything happening in markets - April 21 at 11:13 AM logoWhy Bank of America’s 1Q Performance Was Even Better Than It Seemed - April 21 at 10:47 AM logoBank of America Corp (BAC) Receives Consensus Recommendation of "Buy" from Analysts - April 21 at 10:27 AM logoShould You Buy Bank of America Corp (BAC) Stock? 3 Pros, 3 Cons - April 21 at 6:04 AM logoBofA’s Blanch Says Strong Dollar ‘Big Headwind’ for Oil - April 21 at 1:55 AM logoBofA’s Blanch Says Gold Relatively ‘Not Too Expensive’ - April 21 at 1:55 AM logoBank of America's Preferred Stock, Series L Shares Cross 6% Yield Mark - Nasdaq - April 20 at 3:52 PM logoBank of America Corp (BAC) Stock Can Still Pay You Richly - - April 20 at 3:52 PM logoGetting Better All the Time: Bank of America's Moynihan on the Fed, Economy, and Earnings - April 20 at 3:52 PM logoShift to Fees Paying Off for Brokerages - April 20 at 3:52 PM logoBank of America Corp (BAC) Earning Somewhat Positive Press Coverage, Analysis Finds - April 20 at 3:30 PM logoFY2017 Earnings Estimate for Bank of America Corp Issued By Oppenheimer Holdings (BAC) - April 20 at 1:22 PM logoHow Does Bank of America Make Money? - April 20 at 12:49 PM logoUpdate! What to Know About Bank of America Credit Cards in April - April 20 at 9:59 AM logoBank of America's stock rallies, but to remain well below key technical level - April 20 at 2:08 AM logoThe Latest Interest Rate Increase Will Boost Bank of America's Net Interest Income by How Much? - April 20 at 2:07 AM logoThe Latest Interest Rate Increase Will Boost Bank of America's Net Interest Income by How Much? - April 19 at 11:25 PM logoBofAML's Devalier Sees Solid Japan Export Growth - April 19 at 9:06 PM logoBank of America Corp (BAC) Raised to Strong-Buy at Vining Sparks - April 19 at 1:15 PM logoHow Bank of America, Wells Fargo and other banks collaborated on a flashy new P2P payments network - April 19 at 11:15 AM logoEdited Transcript of BAC earnings conference call or presentation 18-Apr-17 12:30pm GMT - April 19 at 11:15 AM logoHigher Revenue Drives a Surge in Bank of America's Q1 Earnings - April 19 at 11:15 AM logoWhat to Expect From Goldman Sachs, BofA Under Trump - April 19 at 11:15 AM logo[$$] Banks Rack Up Advisory Fees as Fiduciary Rule’s Future Hangs - April 19 at 11:15 AM logoBig Banks Report Mixed Earnings: Today's Research Reports on Bank of America and Goldman Sachs - April 19 at 11:15 AM logoBank of America Dangerously Close to Breaking Key Support - April 19 at 11:15 AM logoBank of America Corp (BAC) Stock Can Still Pay You Richly - April 19 at 9:33 AM logoBank of America Q1 Earnings Recap - April 18 at 5:01 PM logo7 Key Takeaways From Bank of America's Earnings Report - April 18 at 4:15 PM logoBank of America Corporation (NYSE:BAC), Citigroup Inc. (NYSE:C ... - Benzinga - April 18 at 3:44 PM logoBank of America Corp (BAC) Stock Is a Screaming Buy After Q1 Earnings - - April 18 at 3:44 PM logoBofA posts solid growth boosted by trading, rates - April 18 at 3:44 PM logo Goldman Stumbles in First Quarter Earnings - April 18 at 3:44 PM


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 declared a quarterly dividend on Friday, January 27th. Shareholders of record on Friday, March 3rd will be given a dividend of $0.075 per share on Friday, March 31st. This represents a $0.30 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, March 1st.

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

Bank of America Corp (NYSE:BAC) issued its quarterly earnings results on Tuesday, April, 18th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. The company earned $22.45 billion during the quarter, compared to analysts' expectations of $21.77 billion. Bank of America Corp had a net margin of 18.10% and a return on equity of 6.85%. Bank of America Corp's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 EPS.

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 Monday, July, 17th 2017.

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

33 brokers have issued twelve-month price targets for Bank of America Corp's stock. Their predictions range from $16.00 to $28.00. On average, they expect Bank of America Corp's share price to reach $22.42 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’s first-quarter 2017 earnings easily surpassed the Zacks Consensus Estimate, driven by impressive revenue growth and stable expenses. Improving interest rate scenario, rise in deposit balances and gradual increase in loan demand are expected to continue supporting its top-line growth, going forward. Further, efforts to streamline and simplify operations continue to enhance efficiency and strengthen its balance sheet. However, fall in mortgage banking income over the last few quarters owing to lower volumes and decline in refinancing remain one of the key near-term concerns for the company. Apart from this, uncertainty related to potential policy changes under Donald Trump's administration make us apprehensive." (4/24/2017)
  • 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 drop in short interest in March. As of March 31st, there was short interest totalling 103,922,105 shares, a drop of 3.6% from the March 15th total of 107,781,984 shares. Based on an average trading volume of 112,861,624 shares, the short-interest ratio is currently 0.9 days. Currently, 1.0% of the shares of the company are sold short.

Who owns Bank of America Corp stock?

Bank of America Corp's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST (0.19%), Retirement Systems of Alabama (0.08%), National Pension Service (0.06%), Gateway Investment Advisers LLC (0.06%), Nationwide Fund Advisors (0.05%) and DnB Asset Management AS (0.05%). 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 Gateway Investment Advisers LLC, Global Thematic Partners LLC, WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST, Advisors Capital Management LLC, Atalanta Sosnoff Capital LLC, Capstone Asset Management Co., Factory Mutual Insurance Co. and Retirement Systems of Alabama.

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

Bank of America Corp's stock was purchased by a variety of institutional investors in the last quarter, including Swarthmore Group Inc., Gillespie Robinson & Grimm Inc., GVO Asset Management Ltd, Hartford Investment Management Co., DnB Asset Management AS, Barometer Capital Management Inc., Taylor Wealth Management Partners and Howe & Rusling Inc.. 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 $23.63.

Bank of America Corp (BAC) Chart for Monday, April, 24, 2017

This page was last updated on 4/24/2017 by Staff