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 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 equities research analysts have issued twelve-month target prices for Bank of America's shares. Their BAC share price targets range from $27.50 to $51.00. On average, they predict the company's share price to reach $35.54 in the next year. This suggests a possible upside of 16.6% 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 2023?

Bank of America's stock was trading at $33.12 at the beginning of the year. Since then, BAC shares have decreased by 7.9% and is now trading at $30.49. View the best growth stocks for 2023 here .

Are investors shorting Bank of America?

Bank of America saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 66,550,000 shares, a drop of 6.2% from the October 31st total of 70,960,000 shares. Based on an average daily volume of 44,890,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the company's shares 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 Friday, January 12th 2024. View our BAC earnings forecast .

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) released its quarterly earnings results on Tuesday, October, 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.07. The financial services provider earned $25.20 billion during the quarter, compared to analysts' expectations of $25.13 billion. Bank of America had a net margin of 18.69% and a trailing twelve-month return on equity of 12.08%. The business's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 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 declared a quarterly dividend on Wednesday, October 18th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.24 per share on Friday, December 29th. This represents a $0.96 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, November 30th. 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 3.25%. 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 26.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 29.54% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BAC .

What ETFs hold Bank of America's stock?

ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO) , Invesco KBW Bank ETF (KBWB) , iShares U.S. Financial Services ETF (IYG) , Invesco S&P 500 Enhanced Value ETF (SPVU) , iShares U.S. Financials ETF (IYF) , Financial Select Sector SPDR Fund (XLF) , Fidelity MSCI Financials Index ETF (FNCL) and iMGP Berkshire Dividend Growth ETF (BDVG) .

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) .

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 Northern Trust Corp (0.85%), Bank of New York Mellon Corp (0.66%), Legal & General Group Plc (0.58%), Barclays PLC (0.52%), Charles Schwab Investment Management Inc. (0.51%) and Parnassus Investments LLC (0.47%). 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. 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. Read More

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

$30.49

+0.42 (+1.40%)

(As of 11/30/2023 ET)

Compare

Today's Range: $30.04
▼
$30.55
50-Day Range: $25.17
▼
$30.49
52-Week Range: $24.96
▼
$37.85

Volume: 50.17 million shs
Average Volume: 48.72 million shs
Market Capitalization: $241.29 billion

P/E Ratio: 8.54
Dividend Yield: 3.15%
Price Target: $35.54

Bank of America MarketRank™ Stock Analysis

Analyst Rating: Hold
2.47 Rating Score
Upside/Downside: 16.6% Upside
$35.54 Price Target
Short Interest: Healthy
0.84% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: 0.52
Based on 20 Articles This Week
Insider Trading: Selling Shares
$176,624 Sold Last Quarter
Proj. Earnings Growth: -5.25%
From $3.43 to $3.25 Per Share

Overall MarketRank^™

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

2.93 out of 5 stars

Finance Sector

70th out of 862 stocks

National Commercial Banks Industry

12th out of 82 stocks

3.2

Analyst's Opinion

Consensus Rating
Bank of America has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 9 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $35.54, Bank of America has a forecasted upside of 16.6% from its current price of $30.49.
Amount of Analyst Coverage
Bank of America has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
0.84% of the float of Bank of America has been sold short.
Short Interest Ratio / Days to Cover
Bank of America has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bank of America has recently decreased by 6.21%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Bank of America pays a meaningful dividend of 3.25%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Bank of America has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Bank of America is 26.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of America will have a dividend payout ratio of 29.54% next year. This indicates that Bank of America will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bank of America has received a 37.20% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Corporate banking services", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Bank of America is -0.50.

2.5

News and Social Media Coverage

News Sentiment
Bank of America has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 20 news articles for Bank of America this week, compared to 19 articles on an average week.
Search Interest
Only 167 people have searched for BAC on MarketBeat in the last 30 days. This is a decrease of -23% compared to the previous 30 days.
MarketBeat Follows
53 people have added Bank of America to their MarketBeat watchlist in the last 30 days. This is an increase of 4% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of America insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $176,624.00 in company stock.
Percentage Held by Insiders
Only 0.27% of the stock of Bank of America is held by insiders.
Percentage Held by Institutions
68.06% of the stock of Bank of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Bank of America are expected to decrease by -5.25% in the coming year, from $3.43 to $3.25 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of America is 8.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.12.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of America is 8.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.88.
Price to Earnings Growth Ratio
Bank of America has a PEG Ratio of 1.23. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of America has a P/B Ratio of 0.93. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

BAC Stock News Headlines

November 30, 2023 | marketbeat.com

Are blue chip stocks a good investment? (BAC)

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November 22, 2023 | marketbeat.com

Bank stocks soar with these top performers

The financial sector, particularly bank stocks, has been on a tear lightly, clawing back losses from the year and edging into positive territory.

December 1, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.

November 21, 2023 | marketbeat.com

Boeing's flight to strategic brilliance (BAC)

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November 20, 2023 | marketbeat.com

2 overlooked stocks that crushed earnings but traded lower (BAC)

As the third quarter 2023 earnings season ends, it's worth looking back to see which stocks may have been overlooked or mispriced on their results

November 17, 2023 | marketbeat.com

GE stock surges to six-year high: What's behind the move? (BAC)

General Electric stock hit a six-year closing high of $118.94, driven by a 78.67% gain this year. The company is spinning off its Vernova unit in Q2 2024

November 16, 2023 | marketbeat.com

Buffett's latest portfolio additions, trims and cuts in Q3 (BAC)

Buffett's Berkshire latest Q3 moves: Acquires Sirius XM, Atlanta Braves; trims HP, Chevron, Amazon; holds onto Apple, Bank of America.

November 7, 2023 | marketbeat.com

Banking and trucking: Is the economy rolling toward troubles? (BAC)

The seizure of an Iowa bank rippled through the banking sector. Bad loans were due to the troubled trucking industry, signaling possible economic woes ahead.

December 1, 2023 | Tomorrow Investor (Ad)

Why Microsoft Just Placed A Huge Bet On Nuclear

Even with aggressive expansion and acquisition of solar and wind farms, renewable energy isn’t anywhere close to providing the energy that Microsoft demands.

November 1, 2023 | marketbeat.com

Spotify electrifies on its metrics. Time to buy? (BAC)

Global streaming audio platform Spotify Technology SA (NASDAQ: SPOT) had an impressive third quarter of 2023. Its metrics have improved, and the integration

November 30, 2023 | bizjournals.com

Bank of America to pay $12M in federal settlement over false mortgage data

November 30, 2023 | reuters.com

U.S. regulator fines Bank of America $24 mln for Treasuries spoofing

November 30, 2023 | finance.yahoo.com

Finra Fines BofA Securities $24 Million for Treasurys Spoofing

November 29, 2023 | bizjournals.com

Bank of America to shutter nearly 150 branches nationwide this year. Here's where.

November 28, 2023 | bizjournals.com

Where Bank of America is closing branches in the Bay Area

November 28, 2023 | finance.yahoo.com

Bank of America pays $12 million fine for reporting false mortgage data

November 27, 2023 | finance.yahoo.com

Bank of America (BAC) Dips More Than Broader Market: What You Should Know

November 27, 2023 | theglobeandmail.com

Bank of America (BAC) Bearish Sequence Provides Floor for Indices

November 27, 2023 | investing.com

Bank of America appoints new country executive for South Africa

November 27, 2023 | finance.yahoo.com

BofA Global Research Calls 2024 "The Year of the Landing"

November 27, 2023 | gurufocus.com

Beyond Market Price: Uncovering Bank of America Corp's Intrinsic Value

November 22, 2023 | investing.com

Bank of America shares dip despite broader market gains

November 22, 2023 | stocknews.com

Are Bank of America (BAC) and M&T Bank (MTB) Still Wise Investment Choices?

November 22, 2023 | benzinga.com

Jim Cramer Agrees With Bank Of America's Prediction For S&P 500 To Hit 5K By 2024: 'But Other Than Sentiment Being Way Too Negative...'

November 21, 2023 | benzinga.com

Spotlight on Bank of America: Analyzing the Surge in Options Activity

November 20, 2023 | investing.com

Bank of America shares close higher in upbeat market

November 17, 2023 | prnewswire.com

CSI Compressco to Present at the Bank of America Leveraged Finance Conference

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 8/31/2023
Dividend Payable: 9/29/2023
Last Earnings: 10/17/2023
Today: 11/30/2023
Ex-Dividend for 12/29 Dividend: 11/30/2023
Dividend Payable: 12/29/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 1/12/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: National commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:BAC
CUSIP: N/A
CIK: 70858
Web: www.bankofamerica.com
Phone: (704) 386-5681
Fax: 704-386-8009
Employees: 217,000
Year Founded: 1998

Price Target and Rating

Average Stock Price Target: $35.54
High Stock Price Target: $51.00
Low Stock Price Target: $27.50
Potential Upside/Downside: +16.6%
Consensus Rating: Hold
Rating Score (0-4): 2.47
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.57
Trailing P/E Ratio: 8.54
Forward P/E Ratio: 8.89
P/E Growth: 1.23
Net Income: $27.53 billion
Net Margins: 18.69%
Pretax Margin: 20.29%
Return on Equity: 12.08%
Return on Assets: 0.97%

Debt

Debt-to-Equity Ratio: 1.12
Current Ratio: 0.83
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $115.05 billion
Price / Sales: 2.10
Cash Flow: $4.07 per share
Price / Cash Flow: 7.50
Book Value: $32.69 per share
Price / Book: 0.93

Miscellaneous

Outstanding Shares: 7,913,730,000
Free Float: 7,892,365,000
Market Cap: $241.29 billion
Optionable: Optionable
Beta: 1.38

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Key Executives

Mr. Brian Thomas Moynihan (Age 64)
Chairman, CEO & President
Comp: $1.98M
Mr. Alastair M. Borthwick (Age 54)
Chief Financial Officer
Comp: $4.84M
Mr. Dean C. Athanasia (Age 56)
President of Regional Banking
Comp: $6.21M
Mr. Paul M. Donofrio (Age 63)
Vice Chairman
Comp: $6.22M
Mr. Geoffrey S. Greener (Age 58)
Chief Risk Officer
Comp: $6.21M
Mr. Thomas M. Scrivener (Age 51)
Chief Operations Executive
Mr. Christopher M. Hyzy
Chief Investment Officer
Mr. Rudolf A. Bless
Chief Accounting Officer
Mr. Matthew M. Koder (Age 51)
President of Global Corporate & Investment Banking
Comp: $9.19M
Mr. Aditya Bhasin (Age 49)
Chief Technology & Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 twelve months. 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 equities research analysts have issued twelve-month target prices for Bank of America's shares. Their BAC share price targets range from $27.50 to $51.00. On average, they predict the company's share price to reach $35.54 in the next year. This suggests a possible upside of 16.6% 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 2023?: Bank of America's stock was trading at $33.12 at the beginning of the year. Since then, BAC shares have decreased by 7.9% and is now trading at $30.49.
View the best growth stocks for 2023 here.
Are investors shorting Bank of America?: Bank of America saw a drop in short interest in the month of November. As of November 15th, there was short interest totaling 66,550,000 shares, a drop of 6.2% from the October 31st total of 70,960,000 shares. Based on an average daily volume of 44,890,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the company's shares 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 Friday, January 12th 2024.
View our BAC earnings forecast.
How were Bank of America's earnings last quarter?: Bank of America Co. (NYSE:BAC) released its quarterly earnings results on Tuesday, October, 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.07. The financial services provider earned $25.20 billion during the quarter, compared to analysts' expectations of $25.13 billion. Bank of America had a net margin of 18.69% and a trailing twelve-month return on equity of 12.08%. The business's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 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 declared a quarterly dividend on Wednesday, October 18th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.24 per share on Friday, December 29th. This represents a $0.96 annualized dividend and a dividend yield of 3.15%. The ex-dividend date is Thursday, November 30th.
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 3.25%. 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 26.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 29.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

What ETFs hold Bank of America's stock?: ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO), Invesco KBW Bank ETF (KBWB), iShares U.S. Financial Services ETF (IYG), Invesco S&P 500 Enhanced Value ETF (SPVU), iShares U.S. Financials ETF (IYF), Financial Select Sector SPDR Fund (XLF), Fidelity MSCI Financials Index ETF (FNCL) and iMGP Berkshire Dividend Growth ETF (BDVG).
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).
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 Northern Trust Corp (0.85%), Bank of New York Mellon Corp (0.66%), Legal & General Group Plc (0.58%), Barclays PLC (0.52%), Charles Schwab Investment Management Inc. (0.51%) and Parnassus Investments LLC (0.47%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/1/2023 by MarketBeat.com Staff

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