S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
The Collapse of 2022 Has Begun (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
A One Stop Shop for Everything Futures Trading (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
The Collapse of 2022 Has Begun (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
A One Stop Shop for Everything Futures Trading (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
The Collapse of 2022 Has Begun (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
A One Stop Shop for Everything Futures Trading (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
S&P 500   3,585.62
DOW   28,725.51
QQQ   267.26
Why This Bear Market Is Not Even Close to Being Done…
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Denmark says Nord Stream 1 natural gas pipeline has also stopped leaking
Denmark says Nord Stream 1 pipelines stop leaking
The Collapse of 2022 Has Begun (Ad)pixel
Brazil holds historic election with Lula against Bolsonaro
US shift away from coal hits tribal community in New Mexico
A One Stop Shop for Everything Futures Trading (Ad)pixel
Tesla sales bounce back in Q3 but fall short of estimates
Allies aim for risky Russian oil price cap as winter nears
NYSE:BAC

Bank of America - BAC Stock Forecast, Price & News

$30.20
-0.46 (-1.50%)
(As of 09/30/2022 12:00 AM ET)
Add
Compare
Today's Range
$30.17
$31.19
50-Day Range
$30.20
$36.64
52-Week Range
$29.67
$50.11
Volume
42.29 million shs
Average Volume
39.25 million shs
Market Capitalization
$242.66 billion
P/E Ratio
9.44
Dividend Yield
2.87%
Price Target
$46.58

Bank of America MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
54.2% Upside
$46.58 Price Target
Short Interest
Healthy
1.06% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.02mentions of Bank of America in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.00%
From $3.20 to $3.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.26 out of 5 stars

Finance Sector

61st out of 923 stocks

National Commercial Banks Industry

12th out of 89 stocks

BAC stock logo

About Bank of America (NYSE:BAC) Stock

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.

Receive BAC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of America and its competitors with MarketBeat's FREE daily newsletter.

BAC Stock News Headlines

UK central bank intervenes in market to halt economic crisis
The Bank of England has taken emergency action to stabilize U.K. financial markets and head off a crisis in the broader economy
3 Banks Worth Considering For Q4
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.
MarketBeat: Week in Review 9/5 – 9/9 (BAC)
The recent rally in stocks could change when the CPI comes out next week. While we wait, here are some of this week's most popular articles from MarketBeat
BofA Securities Starts Owlet Inc. at Neutral
Affirm Holdings Defended at Bank of America
HealthEquity, Inc PT Raised to $85 at BofA Securities
I'm Grabbing Some Bank of America for a Short-Term Trade
See More Headlines
Receive BAC Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Bank of America and its competitors with MarketBeat's FREE daily newsletter.

BAC Company Calendar

Last Earnings
7/18/2022
Ex-Dividend for 9/30 Dividend
9/01/2022
Dividend Payable
9/30/2022
Today
10/02/2022
Next Earnings (Confirmed)
10/17/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
208,000
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$46.58
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+54.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
17 Analysts

Profitability

Net Income
$31.98 billion
Pretax Margin
32.52%

Debt

Sales & Book Value

Annual Sales
$93.85 billion
Cash Flow
$4.78 per share
Book Value
$29.98 per share

Miscellaneous

Outstanding Shares
8,035,240,000
Free Float
8,014,347,000
Market Cap
$242.66 billion
Optionable
Optionable
Beta
1.37

Social Links


Key Executives

  • Mr. Brian Thomas MoynihanMr. Brian Thomas Moynihan (Age 63)
    Chairman & CEO
    Comp: $1.77M
  • Mr. Alastair M. Borthwick (Age 53)
    Chief Financial Officer
    Comp: $8.17M
  • Mr. Matthew M. Koder (Age 50)
    Exec. Officer & Pres of Global Corp. and Investment Banking
    Comp: $9.19M
  • Mr. Paul M. Donofrio (Age 62)
    Vice Chairman
    Comp: $6.84M
  • Mr. James P. DeMare (Age 52)
    Exec. Officer & Pres of Global Markets
    Comp: $8.59M
  • Mr. Thomas M. Scrivener (Age 50)
    Chief Operations Exec.
  • Mr. Christopher M. Hyzy
    Chief Investment Officer
  • Mr. Rudolf A. Bless
    Chief Accounting Officer
  • Mr. Aditya Bhasin (Age 48)
    Chief Technology & Information Officer
  • Mr. Darrin Steve Boland (Age 53)
    Chief Admin. Officer













BAC Stock - 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 twelve months. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BAC shares.
View BAC analyst ratings
or view top-rated stocks.

What is Bank of America's stock price forecast for 2022?

17 brokers have issued 12-month price targets for Bank of America's stock. Their BAC share price forecasts range from $33.00 to $64.00. On average, they anticipate the company's share price to reach $46.58 in the next year. This suggests a possible upside of 54.2% 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 2022?

Bank of America's stock was trading at $44.49 on January 1st, 2022. Since then, BAC shares have decreased by 32.1% and is now trading at $30.20.
View the best growth stocks for 2022 here
.

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in September. As of September 15th, there was short interest totaling 84,580,000 shares, an increase of 21.5% from the August 31st total of 69,620,000 shares. Based on an average daily volume of 39,890,000 shares, the short-interest ratio is currently 2.1 days. Currently, 1.1% of the shares of the 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 Monday, October 17th 2022.
View our BAC earnings forecast
.

How can I listen to Bank of America's earnings call?

Bank of America will be holding an earnings conference call on Monday, October 17th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) issued its quarterly earnings data on Monday, July, 18th. The financial services provider reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.77 by $0.04. The financial services provider earned $22.69 billion during the quarter, compared to the consensus estimate of $22.79 billion. Bank of America had a net margin of 28.89% and a trailing twelve-month return on equity of 11.51%. The business's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 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, July 20th. Shareholders of record on Friday, September 2nd will be given a dividend of $0.22 per share on Friday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 1st. This is a positive change from the stock's previous quarterly dividend of $0.21.
Read our dividend analysis for BAC
.

Is Bank of America a good dividend stock?

Bank of America (NYSE:BAC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.87%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 22.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

How will Bank of America's stock buyback program work?

Bank of America declared that its board has approved a stock repurchase plan on Thursday, April 15th 2021, which permits the company to repurchase $25,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

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 Glassdoor.com. 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).

What is Bank of America's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $30.20.

How much money does Bank of America make?

Bank of America (NYSE:BAC) has a market capitalization of $242.66 billion and generates $93.85 billion in revenue each year. The financial services provider earns $31.98 billion in net income (profit) each year or $3.20 on an earnings per share basis.

How many employees does Bank of America have?

The company employs 208,000 workers across the globe.

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.
Read More
How can I contact Bank of America?

Bank of America's mailing address is 100 N. TRYON STREET, CHARLOTTE NC, 28255. The official website for the company is www.bankofamerica.com. The financial services provider can be reached via phone at (704) 386-5681, via email at i_r@bankofamerica.com, or via fax at 704-386-8009.

This page (NYSE:BAC) was last updated on 10/2/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.