About Bank of America Corp
Bank 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
- Previous Close: $24.58
- 50 Day Moving Average: $23.237
- 200 Day Moving Average: $19.224
- 52-Week Range: $12.05 - $24.95
- Trailing P/E Ratio: 16.083
- Foreward P/E Ratio: 11.59
- P/E Growth: 1.310
- Market Cap: $253.71B
- Outstanding Shares: 10,516,450,000
- Beta: 1.47
- Net Margins: 18.10%
- Return on Equity: 6.85%
- Return on Assets: 0.76%
Companies Related to Bank of America Corp:
- Debt-to-Equity Ratio: 0.90%
- Current Ratio: 0.90%
- Quick Ratio: 0.90%
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 announced a quarterly dividend on Friday, January 27th. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.075 per share on Friday, March 31st. This represents a $0.30 annualized dividend 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 1 year price objectives for Bank of America Corp's shares. 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 a number of of institutional and retail investors. Top institutional investors 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 purchased 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.