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; 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: $24.58
  • 50 Day Moving Average: $23.28
  • 200 Day Moving Average: $19.29
  • 52-Week Range: $10,516,450,000.00 - $12.05
  • Trailing P/E Ratio: 16.15
  • Foreward P/E Ratio: 11.59
  • P/E Growth: 1.29
  • Market Cap: $254.81B
  • 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%
Additional Links:
Companies Related to Bank of America Corp:

Analyst Ratings

Consensus Ratings for Bank of America Corp (NYSE:BAC) (?)
Ratings Breakdown: 7 Hold Ratings, 25 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.82)
Consensus Price Target: $20.84 (13.99% downside)

Analysts' Ratings History for Bank of America Corp (NYSE:BAC)
DateFirmActionRatingPrice TargetDetails
2/16/2017MacquarieUpgradeNeutral -> Outperform$28.00View Rating Details
2/7/2017Daiwa Capital MarketsUpgradeHold -> OutperformView Rating Details
1/17/2017Goldman Sachs Group, Inc. (The)Reiterated RatingConviction-Buy$27.00View Rating Details
1/17/2017NomuraReiterated RatingBuy$25.00View Rating Details
1/17/2017FBR & CoReiterated RatingOutperform$27.00View Rating Details
1/11/2017Renaissance CapitalReiterated RatingBuy$26.00View Rating Details
1/11/2017Raymond James Financial, Inc.Reiterated RatingBuyView Rating Details
1/11/2017Oppenheimer Holdings, Inc.Reiterated RatingBuy$19.00View Rating Details
1/11/2017Keefe, Bruyette & WoodsReiterated RatingBuy$23.00View Rating Details
1/11/2017Standpoint ResearchReiterated RatingHoldView Rating Details
1/11/2017Societe GeneraleUpgradeHold -> Buy$17.00View Rating Details
1/11/2017GuggenheimReiterated RatingHold$22.00View Rating Details
1/11/2017Deutsche Bank AGReiterated RatingHold$17.00View Rating Details
1/11/2017Compass PointReiterated RatingHold$13.00View Rating Details
1/11/2017BMO Capital MarketsReiterated RatingHold$20.00View Rating Details
1/11/2017Barclays PLCReiterated RatingHold$26.00View Rating Details
1/11/2017Robert W. BairdReiterated RatingHold$16.00View Rating Details
1/11/2017Rafferty Capital MarketsReiterated RatingBuy$19.00View Rating Details
1/11/2017Morgan StanleyReiterated RatingBuy$17.00View Rating Details
1/11/2017Jefferies Group LLCReiterated RatingBuy$24.00View Rating Details
1/11/2017InstinetReiterated RatingBuy$19.00View Rating Details
1/11/2017Credit Suisse GroupReiterated RatingBuy$19.00View Rating Details
1/11/2017CLSAReiterated RatingBuy$25.00View Rating Details
1/11/2017Citigroup Inc.Reiterated RatingBuy$19.00 -> $26.00View Rating Details
1/11/2017Sanford C. BernsteinReiterated RatingBuy$17.00View Rating Details
1/11/2017Atlantic SecuritiesReiterated RatingBuyView Rating Details
1/5/2017Erste GroupUpgradeSell -> BuyView Rating Details
8/31/2016S&P Equity ResearchReiterated RatingBuy$18.00View Rating Details
7/13/2016Berenberg BankInitiated CoverageBuy$15.00View Rating Details
7/9/2016Royal Bank of CanadaReiterated RatingBuyView Rating Details
7/9/2016Wells Fargo & CoReiterated RatingBuyView Rating Details
6/21/2016Buckingham ResearchReiterated RatingBuyView Rating Details
4/9/2016J P Morgan Chase & CoReiterated RatingBuyView 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
7/17/2015ArgusUpgradeHold -> Buy$17.95 -> $20.00View Rating Details
5/27/2015Evercore ISIReiterated RatingBuy$18.00View Rating Details
(Data available from 2/27/2015 forward)


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


Earnings Estimates for Bank of America Corp (NYSE:BAC)
Current Year EPS Consensus Estimate: $1.73 EPS
Next Year EPS Consensus Estimate: $2.09 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)


Current Dividend Information for Bank of America Corp (NYSE:BAC)
Annual Dividend:$0.30
Dividend Yield:1.24%
Dividend Growth:84.20% (3 Year Average)
Payout Ratio:21.74% (Based on Trailing 12 Months of Earnings)
17.34% (Based on Current Year Consensus EPS Estimate)
14.35% (Based on Next Year Consensus EPS Estimate)
Track Record:3 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: 63.95%
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)


Latest Headlines for Bank of America Corp (NYSE:BAC)
DateHeadline logoWarren Buffett's Bet On This Bank Quadrupled in Just 6 Years - Motley Fool (NYSE:BAC) - February 25 at 4:12 PM logoWarren Buffett's Bet On This Bank Quadrupled in Just 6 Years (NYSE:BAC) - February 25 at 3:50 PM logoBuffett mulls change to canny Bank of America stake if dividend rises - Yahoo Finance (NYSE:BAC) - February 25 at 3:41 PM logo8 Takeaways From Warren Buffett's Annual Letter To Berkshire Shareholders (NYSE:BAC) - February 25 at 3:41 PM logoBuffett praises Bank of America’s buybacks (NYSE:BAC) - February 25 at 3:41 PM logoBuffett mulls change to canny Bank of America stake if dividend rises (NYSE:BAC) - February 25 at 3:41 PM logoHedge Funds Love This Bank Stock (NYSE:BAC) - February 25 at 11:27 AM
News IconBank of America Corporation (NYSE:BAC) Closed last trading session at $24.58 (NYSE:BAC) - February 24 at 11:11 PM logo[$$] Warren Buffett’s $5 Billion Bank of America Bonanza: Thank You, President Trump (NYSE:BAC) - February 24 at 11:11 PM logoBank of America Corp.'s 6 7/8% Capital Securities Shares Cross 6% Yield Mark (NYSE:BAC) - February 24 at 6:07 PM logoUS stocks eke out last-minute gain as utilities rise (NYSE:BAC) - February 24 at 6:07 PM logoPlatform Specialty Products Corporation to Present at Bank of America Merrill Lynch 2017 Global Agriculture and Chemicals Conference (NYSE:BAC) - February 24 at 5:45 PM logoHere’s How Much Bank of America’s Stock Has Surged Since November (NYSE:BAC) - February 24 at 2:11 PM logoDow 20,000's Long Road to a Bear Market (NYSE:BAC) - February 24 at 1:04 PM logoBank of America app gets Zelle P2P capabilities (NYSE:BAC) - February 24 at 1:04 PM logo[$$] Buffett's $5 Billion BofA Bonanza: Thank You, President Trump (NYSE:BAC) - February 24 at 1:04 PM logoUS stocks dip as banks and energy companies fall (NYSE:BAC) - February 24 at 1:04 PM
News IconComprehensive Stock Analysis of: Bank of America Corporation (NYSE:BAC) (NYSE:BAC) - February 23 at 8:50 PM logoHB2, Bono and more: A discussion with Bank of America's Brian Moynihan (NYSE:BAC) - February 23 at 8:50 PM logoCLSA's Mike Mayo Says Banks Face Too Much Red Tape (NYSE:BAC) - February 23 at 8:50 PM logoBillionaire Andreas Halvorsen’s Viking Global Cuts Losses and Dumps Southwestern Energy and Teva Pharmaceutical, Still Bullish on Bank of America (NYSE:BAC) - February 23 at 8:50 PM logoBANK OF AMERICA CORP /DE/ Files SEC form 10-K, Annual Report (NYSE:BAC) - February 23 at 8:50 PM logoJPMorgan, BoA, Wells Fargo Draw $6.4 Bln in Fees (NYSE:BAC) - February 23 at 3:48 PM logoCongressman Pittenger to BofA's Brian Moynihan: Thanks for helping fight terrorism (NYSE:BAC) - February 23 at 3:48 PM logoBank of America's Shares Just Crossed an Important Threshold (NYSE:BAC) - February 23 at 2:30 PM
News IconWhy Merrill Lynch Is Growing Incredibly Bullish on IBM (NYSE:BAC) - February 23 at 10:53 AM logoThursday’s Vital Data: Bank of America Corp (BAC), Advanced Micro Devices, Inc. (AMD) and Freeport-McMoRan Inc (FCX) (NYSE:BAC) - February 23 at 8:54 AM
News IconBank of America Drives Future of Digital Banking in 2017 as Mobile Banking Turns 10 (NYSE:BAC) - February 23 at 1:53 AM logoUS shale, forex and a price war could push oil back down to $50: BofA Merrill Lynch (NYSE:BAC) - February 22 at 2:32 PM logoOPEC Still Waiting for Evidence Oil Cuts Are Doing Their Job - Bloomberg (NYSE:BAC) - February 22 at 1:06 PM logoBank Of America: Improving Capital Dynamics Strengthen The Buy Case (NYSE:BAC) - February 22 at 11:53 AM logoWells Fargo fires 4 executives amid probe into account scandal (NYSE:BAC) - February 22 at 11:53 AM logoBritain's Lloyds hits 10-year profit high as new era beckons (NYSE:BAC) - February 22 at 11:53 AM logoHispanic Small Business Owners Expect 2017 to Be Banner Year, Bank of America Survey Reveals (NYSE:BAC) - February 22 at 11:53 AM logoBig Banks Declare War on Venmo (NYSE:BAC) - February 22 at 11:53 AM
News IconStock on the Move: Bank of America Corp (NYSE:BAC) – Post ... - Post Registrar (NYSE:BAC) - February 21 at 3:28 PM logoCautiously Optimistic About BBVA (NYSE:BAC) - February 21 at 3:28 PM logoProfit Off Bank of America Corp (BAC) Stock for a Penny! - (NYSE:BAC) - February 21 at 11:07 AM logoWhy Regulators Can't Give JPMorgan a 'Silver Bullet' for Hackers (NYSE:BAC) - February 21 at 11:07 AM logoWells Fargo and Bank of America: Comparing Shareholder Returns (NYSE:BAC) - February 21 at 11:07 AM logoWhat Led to a 25% Pay Rise for Bank of America (BAC) CEO? (NYSE:BAC) - February 21 at 11:07 AM logoU.S. stocks hit new records, with banks again the big gainers (NYSE:BAC) - February 21 at 11:07 AM logoWhy Bank of America Offers More Value than Wells Fargo (NYSE:BAC) - February 21 at 11:07 AM logoProfit Off Bank of America Corp (BAC) Stock for a Penny! (NYSE:BAC) - February 21 at 9:54 AM
News Icon4 Merrill Lynch Top Q1 Ideas Still Have Big Upside and Pay Dividends (NYSE:BAC) - February 21 at 9:16 AM logoNexeo Solutions to Present at Bank of America Merrill Lynch Global Agriculture & Chemicals Conference (NYSE:BAC) - February 20 at 6:00 PM logoWells Fargo and BAC See Opportunity in Wealth Management (NYSE:BAC) - February 20 at 3:43 PM logoBank of America Corp (BAC) (NYSE:BAC) - February 20 at 9:48 AM logoBANK OF AMERICA CORPORATION (LON:BAC) Files An 8-K Other Events (NYSE:BAC) - February 20 at 9:48 AM logoWhat's Behind BofA Awarding CEO Moynihan $20 Million? (NYSE:BAC) - February 20 at 9:48 AM


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. Stockholders 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 dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, March 1st.

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 forecasts range from $13.00 to $28.00. On average, they anticipate Bank of America Corp's stock price to reach $20.84 in the next twelve months.

When will Bank of America Corp announce their earnings?

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

What are analysts saying about Bank of America Corp stock?

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

  • According to Zacks Investment Research, "Bank of America is expected to report lower year over year earnings in the third-quarter 2016. Given the current market scenario we anticipate no further increase in interest rates in the near-term, which is likely to put margins under pressure. Also, the stress in the energy sector (though reduced now) is expected to hurt its asset quality in the near term. Further, lower trading volume is expected to hamper fee income growth and stringent regulations adds to the woes. However, effective cost containment measures and improving loan and deposit balances are impressive. Also, steady capital deployment activities depict balance sheet strength." (10/5/2016)

  • 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)

  • Credit Suisse Group 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)

Who owns Bank of America Corp stock?

Bank of America Corp's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Barrow Hanley Mewhinney & Strauss LLC (0.68%), Dimensional Fund Advisors LP (0.53%), ING Groep NV (0.41%), Lansdowne Partners UK LLP (0.29%), Lone Pine Capital LLC (0.21%) and Russell Investments Group Ltd. (0.19%). 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 bought by a variety of institutional investors in the last quarter, including Lansdowne Partners UK LLP, Lone Pine Capital LLC, Russell Investments Group Ltd., Asset Management One Co. Ltd., Key Square Capital Management LLC, Public Sector Pension Investment Board, Artisan Partners Limited Partnership and Dimensional Fund Advisors LP. 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 $24.23.

Bank of America Corp (NYSE:BAC) Chart for Monday, February, 27, 2017

Institutional Ownership Chart

Institutional Ownership by Quarter for Bank of America Corp (NYSE:BAC)

Earnings History Chart

Earnings by Quarter for Bank of America Corp (NYSE:BAC)

Dividend History Chart

Dividend Payments by Quarter for Bank of America Corp (NYSE:BAC)

Last Updated on 2/27/2017 by Staff