S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

Bank of America Stock Forecast, Price & News

$43.87
-1.02 (-2.27%)
(As of 12/3/2021 04:00 PM ET)
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Today's Range
$43.60
$45.07
50-Day Range
$42.45
$48.37
52-Week Range
$28.14
$48.69
Volume
74.58 million shs
Average Volume
42.52 million shs
Market Capitalization
$359.04 billion
P/E Ratio
13.17
Dividend Yield
1.87%
Beta
1.49
30 days | 90 days | 365 days | Advanced Chart
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Bank of America logo

About Bank of America

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions

Headlines

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Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
213,000
Year Founded
1998

Sales & Book Value

Annual Sales
$93.75 billion
Cash Flow
$2.69 per share
Book Value
$30.43 per share

Profitability

Net Income
$17.89 billion
Pretax Margin
35.10%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
8,184,080,000
Free Float
8,166,079,000
Market Cap
$359.04 billion
Optionable
Optionable

Company Calendar

Last Earnings
10/14/2021
Ex-Dividend
12/02/2021
Today
12/05/2021
Dividend Payable
12/31/2021
Fiscal Year End
12/31/2021
Next Earnings (Confirmed)
1/19/2022

Social Links


MarketRank

Overall MarketRank

2.49 out of 5 stars

Finance Sector

308th out of 1,333 stocks

National Commercial Banks Industry

33rd out of 108 stocks

Analyst Opinion: 2.3Community Rank: 4.5Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -












Bank of America (NYSE:BAC) Frequently Asked Questions

Is Bank of America a buy right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 2 sell ratings, 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Bank of America stock.
View analyst ratings for Bank of America
or view top-rated stocks.

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

Bank of America's stock was trading at $22.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BAC shares have increased by 93.5% and is now trading at $43.87.
View which stocks have been most impacted by COVID-19
.

When is Bank of America's next earnings date?

Bank of America is scheduled to release its next quarterly earnings announcement on Wednesday, January 19th 2022.
View our earnings forecast for Bank of America
.

How can I listen to Bank of America's earnings call?

Bank of America will be holding an earnings conference call on Wednesday, January 19th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) posted its quarterly earnings data on Thursday, October, 14th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.14. The financial services provider earned $22.77 billion during the quarter, compared to analyst estimates of $21.60 billion. Bank of America had a net margin of 33.10% and a trailing twelve-month return on equity of 12.16%. Bank of America's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share.
View Bank of America's earnings history
.

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, October 20th. Investors of record on Friday, December 3rd will be given a dividend of $0.21 per share on Friday, December 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Thursday, December 2nd.
View Bank of America's dividend history
.

Is Bank of America a good dividend stock?

Bank of America pays an annual dividend of $0.84 per share and currently has a dividend yield of 1.87%. Bank of America does not yet have a strong track record of dividend growth. The dividend payout ratio of Bank of America is 25.23%. 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 26.67% 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 of Directors has initiated a stock repurchase program on Thursday, April 15th 2021, which allows the company to repurchase $25,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 7.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

What price target have analysts set for BAC?

22 brokerages have issued twelve-month target prices for Bank of America's shares. Their forecasts range from $30.00 to $60.00. On average, they anticipate Bank of America's share price to reach $44.52 in the next twelve months. This suggests a possible upside of 1.5% 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:
  • Brian T. Moynihan, Chairman, President & Chief Executive Officer
  • Catherine P. Bessant, Co-COO & Chief Technology Officer
  • Thomas Kell Montag, Co-Chief Operating Officer
  • Paul M. Donofrio, Chief Financial Officer
  • Andrea B. Smith, Chief Administrative Officer

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.

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).

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 BlackRock Inc. (6.14%), Wellington Management Group LLP (1.71%), Geode Capital Management LLC (1.44%), Capital World Investors (1.43%), Bank of New York Mellon Corp (0.76%) and Invesco Ltd. (0.74%). Company insiders that own Bank of America stock include Berkshire Hathaway Inc, Dean C Athanasia, Frank P Bramble, Of America Corp /De/ Bank and Thong M Nguyen.
View institutional ownership trends for Bank of America
.

Which institutional investors are selling Bank of America stock?

BAC stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., The Manufacturers Life Insurance Company , GQG Partners LLC, Massachusetts Financial Services Co. MA, Bank of New York Mellon Corp, Alliancebernstein L.P., and Hotchkis & Wiley Capital Management LLC. Company insiders that have sold Bank of America company stock in the last year include Dean C Athanasia, Frank P Bramble, and Thong M Nguyen.
View insider buying and selling activity for Bank of America
or view top insider-selling stocks.

Which institutional investors are buying Bank of America stock?

BAC stock was purchased by a variety of institutional investors in the last quarter, including Altshuler Shaham Ltd, Nordea Investment Management AB, Assenagon Asset Management S.A., SG Americas Securities LLC, Citadel Advisors LLC, Wolverine Trading LLC, Neuberger Berman Group LLC, and Laurion Capital Management LP. 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 $43.87.

How much money does Bank of America make?

Bank of America has a market capitalization of $359.04 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 $3.33 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, via email at [email protected], or via fax at 704-386-8009.


This page was last updated on 12/5/2021 by MarketBeat.com Staff

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