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

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$24.48 +0.08 (+0.33 %)
(As of 12/16/2018 07:45 AM ET)
Previous Close$24.48
Today's Range$24.12 - $24.87
52-Week Range$24.12 - $33.05
Volume92.73 million shs
Average Volume63.42 million shs
Market Capitalization$250.77 billion
P/E Ratio13.38
Dividend Yield2.45%
Beta1.27
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. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs 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. This segment provides its products and services through approximately 4,500 financial centers; 16,000 ATMs; call centers; and digital banking platforms. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions targeted to high net worth and ultra high net worth clients, as well as customized solutions to meet clients' wealth structuring, investment management, and trust and banking needs, including specialty asset management services. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:BAC
Previous Symbol
CUSIPN/A
Phone704-386-5681

Debt

Debt-to-Equity Ratio0.98
Current Ratio0.91
Quick Ratio0.91

Price-To-Earnings

Trailing P/E Ratio13.38
Forward P/E Ratio9.60
P/E Growth1.2

Sales & Book Value

Annual Sales$100.26 billion
Price / Sales2.50
Cash Flow$2.4752 per share
Price / Cash Flow9.89
Book Value$23.80 per share
Price / Book1.03

Profitability

EPS (Most Recent Fiscal Year)$1.83
Net Income$18.23 billion
Net Margins21.85%
Return on Equity10.82%
Return on Assets1.13%

Miscellaneous

Employees209,000
Outstanding Shares10,243,690,000
Market Cap$250.77 billion
OptionableOptionable

Bank of America (NYSE:BAC) Frequently Asked Questions

What is Bank of America's stock symbol?

Bank of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "BAC."

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 24th. Stockholders of record on Friday, December 7th will be paid a dividend of $0.15 per share on Friday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, December 6th. 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 approved a share repurchase plan on Thursday, June 28th 2018, which allows the company to repurchase $20,600,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

How were Bank of America's earnings last quarter?

Bank of America Corp (NYSE:BAC) posted its quarterly earnings data on Monday, October, 15th. The financial services provider reported $0.66 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.62 by $0.04. The financial services provider earned $22.78 billion during the quarter, compared to analysts' expectations of $22.63 billion. Bank of America had a net margin of 21.85% and a return on equity of 10.82%. Bank of America's revenue was up 3.2% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. View Bank of America's Earnings History.

When is Bank of America's next earnings date?

Bank of America is scheduled to release their next quarterly earnings announcement on Wednesday, January 16th 2019. View Earnings Estimates 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 16th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for BAC?

12 equities research analysts have issued 12 month price targets for Bank of America's stock. Their forecasts range from $29.00 to $37.00. On average, they expect Bank of America's share price to reach $34.2727 in the next year. This suggests a possible upside of 40.0% from the stock's current price. View Analyst Price Targets for Bank of America.

What is the consensus analysts' recommendation for Bank of America?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Bank of America.

What are Wall Street analysts saying about Bank of America stock?

Here are some recent quotes from research analysts about Bank of America stock:
  • 1. Vining Sparks analysts commented, "Bank of America’s strong fundamental earnings momentum & the impact of tax reform continues to validate our expectations for 45% earnings growth in 2018E. We would also highlight that this strong earnings momentum has improved Bank of America’s ROTCE by over 3 full percentage points in 1Q’18 and should improve its ROTCE by over another full percentage point by the end of 2018E. Therefore, we believe Bank of America’s price-to-tangible book value should improve towards 195%, suggesting over 15% upside potential." (4/16/2018)
  • 2. According to Zacks Investment Research, "Bank of America’s shares have outperformed the industry, over the past six months. This price performance is backed by impressive earnings surprise history as the company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company’s fourth-quarter 2017 earnings benefited from higher interest income and investment banking fees as well as lower operating expenses. Rising interest rates, increase in loan and deposit balances, and efforts to manage expenses are expected to continue supporting profitability. The bank’s efforts to streamline and simplify operations as well as gains from the new tax act will aid its financial performance. However, fall in mortgage banking income due to lower volumes and a decline in refinancing activity along with uncertainty related to performance of capital markets remain major concerns." (2/13/2018)

Has Bank of America been receiving favorable news coverage?

News headlines about BAC stock have trended somewhat positive recently, according to InfoTrie. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Bank of America earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in the month of November. As of November 30th, there was short interest totalling 136,097,702 shares, an increase of 18.4% from the November 15th total of 114,901,569 shares. Based on an average daily volume of 52,345,042 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.4% of the shares of the stock are short sold. View Bank of America's Current Options Chain.

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

Who are Bank of America's key executives?

Bank of America's management team includes the folowing people:
  • Mr. Brian Thomas Moynihan, Chairman & CEO (Age 59)
  • Mr. Paul M. Donofrio, Chief Financial Officer (Age 58)
  • Mr. Thomas Kell Montag, Chief Operating Officer (Age 61)
  • Mr. Geoffrey S. Greener, Chief Risk Officer (Age 53)
  • Mr. Paul Mondragon, Market Pres

Who are Bank of America's major shareholders?

Bank of America's stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.56%), Vanguard Group Inc (6.56%), Dodge & Cox (1.11%), Bank of New York Mellon Corp (0.93%), Dimensional Fund Advisors LP (0.58%) and TIAA CREF Investment Management LLC (0.43%). Company insiders that own Bank of America stock include Catherine P Bessant, Donald Alexander Whalen, Frank P Bramble, Louis Robert Nagy, Murray Ross Orr and Thomas D Woods. 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 Dodge & Cox, Mitsubishi UFJ Trust & Banking Corp, State Treasurer State of Michigan, The Manufacturers Life Insurance Company, Massachusetts Financial Services Co. MA, Lansdowne Partners UK LLP, Capital Growth Management LP and First Pacific Advisors LP. View Insider Buying and Selling for Bank of America.

Which major investors are buying Bank of America stock?

BAC stock was bought by a variety of institutional investors in the last quarter, including Matthew Goff Investment Advisor LLC, SG Americas Securities LLC, CI Investments Inc., Federated Investors Inc. PA, PointState Capital LP, Marshall Wace North America L.P., Kentucky Retirement Systems and Hexavest Inc.. Company insiders that have bought Bank of America stock in the last two years include Donald Alexander Whalen, Murray Ross Orr and Thomas D Woods. View Insider Buying and Selling for Bank of America.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $24.48.

How big of a company is Bank of America?

Bank of America has a market capitalization of $250.77 billion and generates $100.26 billion in revenue each year. The financial services provider earns $18.23 billion in net income (profit) each year or $1.83 on an earnings per share basis. Bank of America employs 209,000 workers across the globe.

What is Bank of America's official website?

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

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]


MarketBeat Community Rating for Bank of America (NYSE BAC)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  1,413 (Vote Outperform)
Underperform Votes:  1,216 (Vote Underperform)
Total Votes:  2,629
MarketBeat's community ratings are surveys of what our community members think about Bank of America and other stocks. Vote "Outperform" if you believe BAC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BAC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/16/2018 by MarketBeat.com Staff

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