Bank of America Stock Forecast, Price & News

$38.36
-0.32 (-0.83 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$38.05
$38.83
50-Day Range
$36.93
$43.27
52-Week Range
$22.95
$43.49
Volume45.36 million shs
Average Volume49.31 million shs
Market Capitalization$328.72 billion
P/E Ratio12.83
Dividend Yield1.86%
Beta1.54
30 days | 90 days | 365 days | Advanced Chart
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Bank of America logo

About Bank of America

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of April 15, 2021, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 17,000 ATMs; and digital banking platforms with approximately 40 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.

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MarketRank

Overall MarketRank

2.22 out of 5 stars

Finance Sector

285th out of 2,043 stocks

National Commercial Banks Industry

31st out of 169 stocks

Analyst Opinion: 2.3Community Rank: 3.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Bank of America (NYSE:BAC) Frequently Asked Questions

Is Bank of America a buy right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Bank of America stock.
View analyst ratings for Bank of America
or view top-rated stocks.

What stocks does MarketBeat like better than Bank of America?

Wall Street analysts have given Bank of America a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Bank of America wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Bank of America?

Bank of America saw a drop in short interest in June. As of June 30th, there was short interest totaling 1,800,000 shares, a drop of 97.8% from the June 15th total of 83,090,000 shares. Based on an average daily trading volume, of 43,580,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company's stock are short sold.
View Bank of America's Short Interest
.

When is Bank of America's next earnings date?

Bank of America is scheduled to release its next quarterly earnings announcement on Wednesday, October 13th 2021.
View our earnings forecast for Bank of America
.

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) announced its quarterly earnings data on Wednesday, July, 14th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.77 by $0.26. The financial services provider had revenue of $21.50 billion for the quarter, compared to analysts' expectations of $21.77 billion. Bank of America had a trailing twelve-month return on equity of 11.08% and a net margin of 30.82%. Bank of America's quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share.
View Bank of America's earnings history
.

How has Bank of America's stock price been impacted by COVID-19 (Coronavirus)?

Bank of America's stock was trading at $22.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BAC shares have increased by 69.2% and is now trading at $38.36.
View which stocks have been most impacted by COVID-19
.

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 21st. Shareholders of record on Friday, September 3rd will be given a dividend of $0.21 per share on Friday, September 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Thursday, September 2nd. This is a boost from Bank of America's previous quarterly dividend of $0.18.
View Bank of America's dividend history
.

Is Bank of America a good dividend stock?

Bank of America pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.86%. Bank of America does not yet have a strong track record of dividend growth. The dividend payout ratio of Bank of America is 38.50%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of America will have a dividend payout ratio of 23.08% next year. This indicates that Bank of America will be able to sustain or increase its dividend.
View Bank of America's dividend history.

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

Bank of America announced that its board has authorized a stock repurchase plan on Thursday, April 15th 2021, which permits the company to repurchase $25,000,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

What price target have analysts set for BAC?

20 Wall Street analysts have issued 1 year price targets for Bank of America's stock. Their forecasts range from $30.00 to $47.00. On average, they anticipate Bank of America's share price to reach $40.14 in the next year. This suggests a possible upside of 4.6% from the stock's current price.
View analysts' price targets for Bank of America
or view top-rated stocks among Wall Street analysts.

Who are Bank of America's key executives?

Bank of America's management team includes the following people:
  • Mr. Brian Thomas Moynihan, Chairman, CEO & Pres (Age 62, Pay $1.74M)
  • Mr. Paul M. Donofrio, Chief Financial Officer (Age 61, Pay $5.44M)
  • Mr. Thomas Kell Montag, COO and Pres of Global Banking & Markets (Age 64, Pay $8.37M)
  • Mr. Dean C. Athanasia, Pres of Consumer & Small Bus. (Age 54, Pay $5.28M)
  • Mr. Geoffrey S. Greener, Chief Risk Officer (Age 56, Pay $5.44M)
  • Ms. Catherine Pombier Bessant, Chief Operations & Technology Officer (Age 61)
  • Mr. Rudolf A. Bless, Chief Accounting Officer
  • Mr. Matthew M. Koder, Pres of Global Corp. & Investment Banking
  • Tony Kerrison, Chief Technology Officer and Technology & Infrastructure Services Lead
  • Ms. Andrea Bradley Smith, Chief Admin. Officer (Age 53)

What is Brian T. Moynihan's approval rating as Bank of America's CEO?

10,089 employees have rated Bank of America CEO Brian T. Moynihan on Glassdoor.com. Brian T. Moynihan has an approval rating of 92% among Bank of America's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Bank of America's key competitors?

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), The 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."

Who are Bank of America's major shareholders?

Bank of America's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (0.33%), Harel Insurance Investments & Financial Services Ltd. (0.04%), Oregon Public Employees Retirement Fund (0.02%), State of Alaska Department of Revenue (0.02%), Avalon Investment & Advisory (0.01%) and TIAA FSB (0.01%). Company insiders that own Bank of America stock include Berkshire Hathaway Inc, Frank P Bramble, Kathleen A Knox and Of America Corp /De/ Bank.
View institutional ownership trends for Bank of America
.

Which major investors are selling Bank of America stock?

BAC stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Manning & Napier Group LLC, Harel Insurance Investments & Financial Services Ltd., Wealth Advisory Solutions LLC, ICICI Prudential Asset Management Co Ltd, Kempner Capital Management Inc., Avalon Investment & Advisory, and Wealth Alliance Advisory Group LLC.
View insider buying and selling activity for Bank of America
or view top insider-selling stocks.

Which major investors are buying Bank of America stock?

BAC stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, TIAA FSB, IFM Investors Pty Ltd, AAFMAA Wealth Management & Trust LLC, Brookstone Capital Management, State of Alaska Department of Revenue, Hohimer Wealth Management LLC, and Welch & Forbes LLC. Company insiders that have bought Bank of America stock in the last two years include Berkshire Hathaway Inc, and Of America Corp /De/ Bank.
View insider buying and selling activity for Bank of America
or or view top insider-buying stocks.

How do I buy shares of Bank of America?

Shares of BAC 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 $38.36.

How much money does Bank of America make?

Bank of America has a market capitalization of $328.72 billion and generates $93.75 billion in revenue each year. The financial services provider earns $17.89 billion in net income (profit) each year or $1.87 on an earnings per share basis.

How many employees does Bank of America have?

Bank of America employs 213,000 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.

When was Bank of America founded?

Bank of America was founded in 1998.

What is Bank of America's official website?

The official website for Bank of America is www.bankofamerica.com.

Where are Bank of America's headquarters?

Bank of America is headquartered at 100 N. TRYON STREET, CHARLOTTE NC, 28255.

How can I contact Bank of America?

Bank of America's mailing address is 100 N. TRYON STREET, CHARLOTTE NC, 28255. The financial services provider can be reached via phone at 704-386-5681 or via email at [email protected]


This page was last updated on 7/31/2021 by MarketBeat.com Staff
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