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; Legacy Assets & Servicing, which provides mortgage servicing activities, 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: $15.60
  • 50 Day Moving Average: $15.50
  • 200 Day Moving Average: $14.32
  • 52-Week Range: $10.99 - $18.09
  • Trailing P/E Ratio: 13.01
  • Foreward P/E Ratio: 10.01
  • P/E Growth: 1.65
  • Market Cap: $163.22B
  • Outstanding Shares: 10,516,450,000
  • Beta: 1.67
Profitability:
  • Net Margins: 16.31%
  • Return on Equity: 6.23%
  • Return on Assets: 0.68%
Debt:
  • Debt-to-Equity Ratio: 0.95%
  • Current Ratio: 0.93%
  • Quick Ratio: 0.92%
Additional Links:
Companies Related to Bank of America Corp.:

Analyst Ratings

Consensus Ratings for Bank of America Corp. (NYSE:BAC) (?)
Ratings Breakdown: 8 Hold Ratings, 20 Buy Ratings
Consensus Rating:Buy (Score: 2.71)
Consensus Price Target: $25.58 (64.79% upside)

Analysts' Ratings History for Bank of America Corp. (NYSE:BAC)
Show:
DateFirmActionRatingPrice TargetDetails
9/23/2016Credit Agricole SABoost Price TargetOutperform$17.00 -> $18.00View Rating Details
9/16/2016Goldman Sachs Group Inc.Reiterated RatingBuy$17.00 -> $19.00View Rating Details
9/13/2016Societe GeneraleDowngradeBuy -> HoldView Rating Details
8/31/2016S&P Equity ResearchReiterated RatingBuy$18.00View Rating Details
8/25/2016Robert W. BairdUpgradeNeutral -> OutperformView Rating Details
8/25/2016MacquarieUpgradeUnderperform -> NeutralView Rating Details
8/25/2016Deutsche Bank AGReiterated RatingBuy$175.00View Rating Details
8/25/2016Sanford C. BernsteinUpgradeNeutral -> Outperform$19.00View Rating Details
8/16/2016Jefferies GroupReiterated RatingBuyView Rating Details
7/28/2016Credit Suisse Group AGReiterated RatingBuy$18.00View Rating Details
7/24/2016FBR & CoReiterated RatingOutperform$20.00View Rating Details
7/20/2016Keefe, Bruyette & WoodsReiterated RatingHold$15.00View Rating Details
7/19/2016Citigroup Inc.Boost Price TargetBuy$16.00 -> $17.00View Rating Details
7/13/2016Berenberg BankInitiated CoverageBuy$15.00View Rating Details
7/9/2016Royal Bank Of CanadaReiterated RatingBuyView Rating Details
7/9/2016Wells Fargo & Co.Reiterated RatingBuyView Rating Details
7/10/2016Barclays PLCReiterated RatingEqual Weight$19.00View Rating Details
7/7/2016Raymond James Financial Inc.DowngradeOutperform -> Market PerformView Rating Details
7/6/2016Oppenheimer Holdings Inc.Reiterated RatingOutperform$20.00 -> $18.00View Rating Details
6/21/2016Buckingham ResearchReiterated RatingBuyView Rating Details
4/17/2016BMO Capital MarketsReiterated RatingHoldView Rating Details
4/17/2016Morgan StanleyReiterated RatingBuyView Rating Details
4/9/2016JPMorgan Chase & Co.Reiterated RatingBuyView Rating Details
3/1/2016Atlantic SecuritiesDowngradeOverweight -> NeutralView Rating Details
1/20/2016Portales PartnersUpgradeHoldView Rating Details
1/21/2016Independent Research GmbHLower Price Target$18.00 -> $15.00View Rating Details
1/21/2016NomuraReiterated RatingBuy$19.00View Rating Details
1/20/2016Sandler O'NeillUpgradeHold -> BuyView Rating Details
12/6/2015Rafferty Capital MarketsReiterated RatingBuyView Rating Details
7/17/2015ArgusUpgradeHold -> Buy$17.95 -> $20.00View Rating Details
5/27/2015Evercore ISIReiterated RatingBuy$18.00View Rating Details
12/15/2014GuggenheimInitiated CoverageBuy$20.00View Rating Details
(Data available from 9/24/2014 forward)

Earnings

Earnings History for Bank of America Corp. (NYSE:BAC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/17/2016ListenView 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)

Estimates

Earnings Estimates for Bank of America Corp. (NYSE:BAC)
Current Year EPS Consensus Estimate: $1.27 EPS
Next Year EPS Consensus Estimate: $1.55 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$0.34
Q4 20164$0.32$0.35$0.34
Q1 20171$0.28$0.28$0.28
Q2 20171$0.43$0.43$0.43
Q3 20171$0.42$0.42$0.42
Q4 20171$0.39$0.39$0.39
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Bank of America Corp. (NYSE:BAC)
Annual Dividend:$0.30
Dividend Yield:1.93%
Dividend Growth:71.00% (3 Year Average)
Payout Ratio:24.59% (Based on Trailing 12 Months of Earnings)
23.62% (Based on Current Year Consensus EPS Estimate)
19.35% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth

Dividend History for Bank of America Corp. (NYSE:BAC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/29/2016quarterly$0.082.07%8/31/20169/2/20169/23/2016
5/2/2016quarterly$0.051.35%6/1/20166/3/20166/24/2016
1/21/2016quarterly$0.051.47%3/2/20163/4/20163/25/2016
10/22/2015quarterly$0.051.21%12/2/201512/4/201512/24/2015
7/23/2015quarterly$0.051.12%9/2/20159/4/20159/25/2015
4/16/2015quarterly$0.051.29%6/3/20156/5/20156/26/2015
2/10/2015quarterly$0.051.22%3/4/20153/6/20153/27/2015
10/23/2014quarterly$0.051.2%12/3/201412/5/201412/26/2014
8/6/2014quarterly$0.051.32%9/3/20149/5/20149/26/2014
6/19/2014quarterly$0.010.26%6/20/20146/30/20147/25/2014
6/18/2014quarterly$0.016/20/20146/24/20146/30/2014
2/11/2014quarterly$0.010.24%3/5/20143/7/20143/28/2014
10/24/2013quarterly$0.010.28%12/4/201312/6/201312/27/2013
7/24/2013quarterly$0.010.27%9/4/20139/6/20139/27/2013
4/30/2013quarterly$0.010.33%6/5/20136/7/20136/28/2013
1/23/2013quarterly$0.010.35%2/27/20133/1/20133/22/2013
(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: 60.68%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
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)

Headlines

Latest Headlines for Bank of America Corp. (NYSE:BAC)
DateHeadline
finance.yahoo.com logoBerkowitz: Banks will become tech companies over time (NYSE:BAC)
finance.yahoo.com - September 24 at 9:00 AM
News IconBank of America Corp (NYSE:BAC) & Bristol-Myers Squibb Co (NYSE:BMY) News Buzz - Money News (NYSE:BAC)
www.newsismoney.com - September 23 at 4:06 PM
News IconFinancial Stocks Highlights! Bank of America Corp (BAC), Wells Fargo & Co (NYSE:WFC) - share market updates (press release) (NYSE:BAC)
sharemarketupdates.com - September 23 at 8:46 AM
thecountrycaller.com logoBank of America Corp (BAC): Stronger Case After Fed Decision - TCC (NYSE:BAC)
www.thecountrycaller.com - September 23 at 8:46 AM
sg.finance.yahoo.com logoJPMorgan tops investment bank table again, top five all U.S. banks (NYSE:BAC)
sg.finance.yahoo.com - September 23 at 8:46 AM
forbes.com logoThe Big Fed Pivot No One Has Noticed (NYSE:BAC)
www.forbes.com - September 23 at 8:46 AM
wsj.com logoThe Benefits of a Parental-Leave Prep Course (NYSE:BAC)
www.wsj.com - September 23 at 8:46 AM
biz.yahoo.com logoBANK OF AMERICA CORP /DE/ Files SEC form 8-K, Regulation FD Disclosure (NYSE:BAC)
biz.yahoo.com - September 23 at 8:46 AM
finance.yahoo.com logoInvestors pull $7.4 billion from stocks funds (NYSE:BAC)
finance.yahoo.com - September 23 at 6:44 AM
thecountrycaller.com logoBank of America Corp (BAC): Stronger Case After Fed Decision (NYSE:BAC)
www.thecountrycaller.com - September 22 at 3:49 PM
blogs.barrons.com logoWells Fargo: When Bulls Battle Bears (NYSE:BAC)
blogs.barrons.com - September 22 at 3:49 PM
News IconReviewing Hot Stock of Yesterday- Bank of America Corporation's (BAC) (NYSE:BAC)
avauncer.com - September 22 at 9:36 AM
insidermonkey.com logoWhy Boeing, Jabil Circuit and Three Financial Stocks Are Making Headlines on Thursday (NYSE:BAC)
www.insidermonkey.com - September 22 at 9:36 AM
News IconMerrill Lynch Has 4 Very Contrarian Stocks to Buy That All Pay Gigantic Dividends (NYSE:BAC)
feedproxy.google.com - September 22 at 9:16 AM
investorplace.com logoWells Fargo & Co: 'Gutless Leadership' or Dip-Buying Opportunity? (WFC) - Investorplace.com (NYSE:BAC)
investorplace.com - September 21 at 7:46 AM
News IconBank of America Corp (NYSE:BAC) & KB Home (NYSE:KBH) Stocks Buzz - Money News (NYSE:BAC)
www.newsismoney.com - September 21 at 7:46 AM
News IconAnalysts Chime In On Bank of America Corp (NYSE:BAC) - Post Registrar (NYSE:BAC)
postregistrar.com - September 21 at 7:46 AM
marketwatch.com logoWorld’s Biggest IPO Courtesy of China (NYSE:BAC)
www.marketwatch.com - September 21 at 7:46 AM
News IconBank of America Corp (NYSE:BAC) & SunPower Corporation (NASDAQ:SPWR) UPDATE ON U.S STOCKS : 19 SEP ... - Money News (NYSE:BAC)
www.newsismoney.com - September 20 at 3:41 PM
nasdaq.com logoInteresting May 2017 Stock Options for BAC - Nasdaq (NYSE:BAC)
www.nasdaq.com - September 20 at 9:41 AM
News IconFinancial Stocks Impression! Bank of America Corp (BAC), Wells Fargo & Co (NYSE:WFC) - share market updates (press release) (NYSE:BAC)
sharemarketupdates.com - September 20 at 9:41 AM
cnbc.com logoApple underlines commitment to renewables, joins clean energy initiative (NYSE:BAC)
www.cnbc.com - September 20 at 9:41 AM
wsj.com logoWhy U.S. Stocks May Get a Bump Post Fed, BOJ (NYSE:BAC)
blogs.wsj.com - September 20 at 9:41 AM
sg.finance.yahoo.com logoBanks focus more on new accounts _ and the fees they bring (NYSE:BAC)
sg.finance.yahoo.com - September 19 at 4:40 PM
thecountrycaller.com logoBank of America Corp (BAC) Stronger than Ever - TCC (NYSE:BAC)
www.thecountrycaller.com - September 19 at 8:30 AM
publicnow.com logoBank of America Commits to Carbon Neutrality and 100 Percent Renewable Electricity by 2020 (NYSE:BAC)
www.publicnow.com - September 19 at 8:30 AM
marketrealist.com logoWhich Banks Look Attractive ahead of 3Q16 Earnings? (NYSE:BAC)
marketrealist.com - September 19 at 8:30 AM
fool.com logoWhere Will Bank of America Be in 10 Years? (NYSE:BAC)
www.fool.com - September 18 at 12:25 PM
thecountrycaller.com logoFuture Fed Action Improves Sentiments on Bank of America Corp (BAC) Shares - TCC (NYSE:BAC)
www.thecountrycaller.com - September 18 at 8:29 AM
News IconStock to Track: Bank of America Corp (NYSE:BAC) | | Post Registrar - Post Registrar (NYSE:BAC)
postregistrar.com - September 17 at 3:40 PM
smarteranalyst.com logoStock Update (NYSE:BAC): Bank of America Corp Declares Preferred Dividends - Smarter Analyst (NYSE:BAC)
www.smarteranalyst.com - September 17 at 8:32 AM
News IconTrending Stocks - Bank of America Corp, (NYSE:BAC), Twitter, (NYSE:TWTR), Skyline Medical, (NASDAQ:SKLN ... - Money News (NYSE:BAC)
www.newsismoney.com - September 16 at 3:42 PM
News IconBank of America Corp (BAC) a Better Pick than Citigroup Inc (C): Goldman Sachs - Smаrt Stоck Nеws (NYSE:BAC)
www.smartstocknews.com - September 16 at 3:42 PM
investorplace.com logoFriday's Vital Data: Facebook Inc (FB), Oracle Corporation (ORCL) and Bank of America Corp (BAC) - Investorplace.com (NYSE:BAC)
investorplace.com - September 16 at 3:42 PM
feeds.benzinga.com logoNuveen Rolls Out Aggregate Bond ETF (NYSE:BAC)
feeds.benzinga.com - September 16 at 3:01 PM
News IconMerrill Lynch Out With 5 Top Chip Picks for the Rest of 2016 (NYSE:BAC)
feedproxy.google.com - September 16 at 10:35 AM
News IconFin Stocks Vigilant! Bank of America Corp (BAC), Wells Fargo & Co (NYSE:WFC) - share market updates (press release) (NYSE:BAC)
sharemarketupdates.com - September 16 at 8:40 AM
News IconFin Stocks Impression= Bank of America Corp (BAC), Wells Fargo & Co (NYSE:WFC) - share market updates (press release) (NYSE:BAC)
sharemarketupdates.com - September 15 at 9:23 PM
fool.com logo1 Advantage Bank of America Has Over Its Closest Competitor (NYSE:BAC)
www.fool.com - September 15 at 3:50 PM
investorplace.com logoTrade of the Day: Bank of America Corp (BAC) Showing Strength Once More - Investorplace.com (NYSE:BAC)
investorplace.com - September 15 at 12:39 PM
wsj.com logoIs Wells Fargo Still Main Street's Favorite Bank? (NYSE:BAC)
blogs.wsj.com - September 15 at 12:39 PM
fool.com logoBetter Buy: Bank of America Corporation vs. Wells Fargo (NYSE:BAC)
www.fool.com - September 15 at 12:39 PM
thestreet.com logoDoug Kass: Why You Must Avoid Wells Fargo (NYSE:BAC)
www.thestreet.com - September 15 at 12:39 PM
News IconMerrill Lynch’s 5 Top Tech Server and Software Picks for the Rest of 2016 (NYSE:BAC)
feedproxy.google.com - September 15 at 11:42 AM
News IconFinancial Stocks Buzzer= Bank of America Corp (BAC), Synchrony Financial (NYSE:SYF) - share market updates (press release) (NYSE:BAC)
sharemarketupdates.com - September 14 at 3:45 PM
investorplace.com logoBank of America Corp (BAC) Sentiment High on Future Fed Action - Investorplace.com (NYSE:BAC)
investorplace.com - September 14 at 3:45 PM
sg.finance.yahoo.com logoMonte dei Paschi appoints Morelli as chief executive (NYSE:BAC)
sg.finance.yahoo.com - September 14 at 3:45 PM
investors.com logoCitigroup, Like BofA, Sets Sights Abroad, But Q3 View Mixed (NYSE:BAC)
www.investors.com - September 14 at 3:45 PM
seekingalpha.com logoEldorado Gold gets two-notch boost at BofA Merrill (NYSE:BAC)
seekingalpha.com - September 14 at 1:37 PM
finance.yahoo.com logoBofA Exec: Brexit like moving nuclear waste (NYSE:BAC)
finance.yahoo.com - September 14 at 8:53 AM

Social

Bank of America Corp. (NYSE:BAC) Chart for Saturday, September, 24, 2016


Last Updated on 9/24/2016 by MarketBeat.com Staff