Bank of America (BAC) Stock Price, News & Analysis

-0.05 (-0.13%)
(As of 04/24/2024 ET)
Today's Range
50-Day Range
52-Week Range
28.66 million shs
Average Volume
41.61 million shs
Market Capitalization
$302.37 billion
P/E Ratio
Dividend Yield
Price Target

Bank of America MarketRank™ Stock Analysis

Analyst Rating
2.47 Rating Score
0.5% Upside
$38.53 Price Target
Short Interest
0.92% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.57mentions of Bank of America in the last 14 days
Based on 64 Articles This Week
Insider Trading
Proj. Earnings Growth
From $3.17 to $3.44 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.44 out of 5 stars

Finance Sector

186th out of 855 stocks

National Commercial Banks Industry

29th out of 83 stocks

BAC stock logo

About Bank of America Stock (NYSE:BAC)

Bank of America has a rich history dating back to 1800 and even earlier. It was begun by immigrants as a group of separate and unrelated banks that, over the years, merged and grew together. One such is the Bank of Italy which was founded in 1904 by Amadeo Giannini to serve Italian immigrants that were facing discrimination. He later buys out the Banca de America e de Italia (Bank of America and Italy) which was also located in San Francisco. Over the years additional mergers and changes in Federal banking legislation, as well as the boom brought on by WWI and then WWII, helped boost the bank to national prominence.

Things turned sour, however, in 1998 with a major bond default that led to yet another merger, this time with Charlotte, NC-based Nations Bank to officially become the Bank of America that exists today. At the time, the merger was the largest bank merger in history and the company has only grown in the time since.

Other additions to the new Bank of America include MBNA (a major credit card operator), Fleet Boston (then the US 7th largest and one of its oldest banks), and Merril Lynch, now Merril, which was added to the group in 2008 to provide an investment banking branch. Together the company dominates as one of the Big Four Banks in America. Bank of America lays claim to nearly 11% of all US deposits which ranks in line with its peer group and Bank of America Securities is listed as the world’s 3rd largest investment bank.

Today, Bank of America Corporation provides banking and financial services for individuals, small businesses, institutions, corporations, and governments worldwide. The bank operates in three segments Consumer Banking, Global Wealth & Investment Management, and Global Banking bringing in a combined revenue greater than $90 billion in 2022.

As of 2022, Bank of America serves approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers. The bank also operates more than 16,000 ATMs and digital banking platforms with approximately 41 million active users.

Its Consumer Banking segment offers traditional banking and investment products for retail clients. These range from deposit accounts to savings, credit cards, consumer loans, and IRAs. The Global Wealth & Investment Management segment offers investment and wealth management solutions including, brokerage, banking, and trust and retirement products. The Global Banking segment provides lending products and services, including commercial loans and leases for businesses of all varieties. The Global Markets segment offers market-making, clearing, settlement, and custody services, as well as risk management, derivatives, and FX exchange services.

BAC Stock Price History

BAC Stock News Headlines

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The system that called 2023’s top 7 stocks is at it again…
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Charles Schwab Fortifies its Uptrend on EPS Beat (BAC)
Retail financial services giant The Charles Schwab Co. (NYSE: SCHW) reported its first-quarter 2024 earnings in the wake of the market sell-off.
3 Value Stocks Buffett Wishes He Could Buy (BAC)
Three stocks stand out as would-be Buffett names, if it weren't for their smaller sizes. Still proposing decent upside and high profits, they make bargain names
3 Value Stocks Buffett Wishes He Could Buy
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Can Netflix Stock Continue Into All-Time Highs After Earnings? (BAC)
Netflix's earnings show the company's fundamentals are stronger than ever, and analyst price targets show double-digit upside ahead.
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip? (BAC)
Lululemon's dip is potentially the best deal in the apparel industry today, analysts and institutions still see double-digit upside for the stock
The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
Commercial Banks Could Be Back in Play, Led by Bank of America
Bank of America joins Citigroup in giving investors a clear insight into the stock market's next move higher. Consumer trends remain strong
PayPal’s User Decline Won’t Stop Its Double-Digit Upside
PayPal stock is a sitting duck waiting to be shot by value investors. Fundamental KPIs show that a decline in net users isn't as bad as it seems.
Bank of America's 1Q profits fall 18% on higher expenses, charge-offs
Bank of America said its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates
The Top 3 Retirement Stocks to Buy in April 2024
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
Dividend Payable
Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

National commercial banks
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
17 Analysts


Net Income
$26.52 billion
Pretax Margin


Sales & Book Value

Annual Sales
$98.14 billion
Cash Flow
$3.98 per share
Book Value
$33.60 per share


Outstanding Shares
Free Float
Market Cap
$302.37 billion

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Should I Buy Bank of America Stock? BAC Pros and Cons Explained


Here are some ways that investors could benefit from investing in Bank of America:

  • Bank of America reported a strong return on equity of 11.38%, indicating efficient use of shareholder funds to generate profits.
  • The company announced a quarterly dividend of $0.24 per share, providing investors with a steady income stream.
  • Bank of America's stock has a consensus rating of "Moderate Buy" with a target price of $36.15, suggesting potential for price appreciation.
  • The firm's net margin of 15.42% reflects its ability to convert revenue into profit, a positive indicator for investors.
  • Bank of America operates in diverse segments like Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets, offering investors exposure to various financial services.


Investors should be bearish about investing in Bank of America for these reasons:

  • Bank of America's revenue was down 10.2% on a year-over-year basis, indicating a decline in top-line growth.
  • One investment analyst has rated the stock with a sell rating, suggesting some market participants have a negative outlook on the company.
  • The company's payout ratio of 31.27% may limit future dividend growth potential as a higher ratio indicates a larger portion of earnings being paid out as dividends.
  • Recent target price adjustments by analysts, such as Barclays raising it from $39.00 to $43.00, may signal uncertainty or volatility in the stock's performance.
  • Bank of America's quarterly revenue of $22 billion fell short of analysts' expectations of $23.70 billion, potentially indicating challenges in revenue generation.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Bank of America pros and cons to

BAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of America stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 1 sell rating, 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BAC, but not buy additional shares or sell existing shares.
View BAC analyst ratings
or view top-rated stocks.

What is Bank of America's stock price target for 2024?

17 brokers have issued twelve-month price objectives for Bank of America's stock. Their BAC share price targets range from $27.50 to $45.00. On average, they predict the company's share price to reach $38.53 in the next year. This suggests a possible upside of 0.5% from the stock's current price.
View analysts price targets for BAC
or view top-rated stocks among Wall Street analysts.

How have BAC shares performed in 2024?

Bank of America's stock was trading at $33.67 on January 1st, 2024. Since then, BAC stock has increased by 13.8% and is now trading at $38.32.
View the best growth stocks for 2024 here

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 72,080,000 shares, an increase of 6.3% from the March 15th total of 67,790,000 shares. Based on an average daily trading volume, of 40,330,000 shares, the short-interest ratio is currently 1.8 days. Approximately 0.9% of the company's stock are short sold.
View Bank of America's Short Interest

When is Bank of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024.
View our BAC earnings forecast

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) released its earnings results on Tuesday, April, 16th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.06. The financial services provider had revenue of $25.82 billion for the quarter, compared to the consensus estimate of $25.49 billion. Bank of America had a trailing twelve-month return on equity of 10.88% and a net margin of 13.94%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 EPS.
Read the conference call transcript

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

Bank of America announced a quarterly dividend on Wednesday, January 31st. Shareholders of record on Friday, March 1st will be paid a dividend of $0.24 per share on Friday, March 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for BAC

Is Bank of America a good dividend stock?

Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.60%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 27.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

What is Brian T. Moynihan's approval rating as Bank of America's CEO?

10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Bank of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU), General Electric (GE), Intel (INTC), Citigroup (C), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS) and Wells Fargo & Company (WFC).

Who are Bank of America's major shareholders?

Bank of America's stock is owned by a number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.22%), Assenagon Asset Management S.A. (0.00%), Douglas Lane & Associates LLC (0.03%), IMC Chicago LLC (0.00%), Gateway Investment Advisers LLC (0.03%) and Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Andrew M Sieg, Dean C Athanasia, Frank P Bramble, James P Demare, Matthew M Koder, Of America Corp /De/ Bank and Thong M Nguyen.
View institutional ownership trends

How do I buy shares of Bank of America?

Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Bank of America have any subsidiaries?
The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited.
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This page (NYSE:BAC) was last updated on 4/24/2024 by Staff

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