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NYSE:BACBank of America Stock Price, Forecast & News

$24.19
+0.17 (+0.71 %)
(As of 07/13/2020 04:00 PM ET)
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Today's Range
$23.86
Now: $24.19
$24.51
50-Day Range
$22.66
MA: $24.67
$28.54
52-Week Range
$17.95
Now: $24.19
$35.72
Volume73.44 million shs
Average Volume77.47 million shs
Market Capitalization$209.86 billion
P/E Ratio9.91
Dividend Yield3.00%
Beta1.59
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 4,300 financial centers; 16,300 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 headquartered in Charlotte, North Carolina.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.5Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.76 out of 5 stars


Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone704-386-5681

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$113.59 billion
Cash Flow$3.69 per share
Book Value$26.84 per share

Profitability

Net Income$27.43 billion

Miscellaneous

Employees208,000
Outstanding Shares8,675,610,000
Market Cap$209.86 billion
Next Earnings Date7/16/2020 (Confirmed)
OptionableOptionable

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Bank of America (NYSE:BAC) Frequently Asked Questions

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

Bank of America's stock was trading at $22.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, BAC shares have increased by 6.7% and is now trading at $24.19. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Bank of America?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 1 sell rating, 11 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Bank of America.

When is Bank of America's next earnings date?

Bank of America is scheduled to release its next quarterly earnings announcement on Thursday, July 16th 2020. 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 Thursday, July 16th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Bank of America's earnings last quarter?

Bank of America Corp (NYSE:BAC) announced its earnings results on Wednesday, April, 15th. The financial services provider reported $0.40 EPS for the quarter, missing the consensus estimate of $0.60 by $0.20. The financial services provider earned $22.77 billion during the quarter, compared to analysts' expectations of $22.58 billion. Bank of America had a return on equity of 10.64% and a net margin of 21.64%. The company's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 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, April 22nd. Investors of record on Friday, June 5th will be given a dividend of $0.18 per share on Friday, June 26th. This represents a $0.72 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Thursday, June 4th. 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 approved a stock repurchase plan on Thursday, June 27th 2019, which permits the company to buyback $30,900,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 11.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

What price target have analysts set for BAC?

24 brokers have issued 1-year price objectives for Bank of America's shares. Their forecasts range from $21.00 to $39.00. On average, they anticipate Bank of America's share price to reach $29.78 in the next year. This suggests a possible upside of 23.1% from the stock's current price. View analysts' price targets for Bank of America.

Has Bank of America been receiving favorable news coverage?

News stories about BAC stock have trended very negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Bank of America earned a coverage optimism score of -3.2 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about Bank of America.

Are investors shorting Bank of America?

Bank of America saw a decrease in short interest in June. As of June 15th, there was short interest totaling 94,610,000 shares, a decrease of 13.7% from the May 31st total of 109,600,000 shares. Based on an average trading volume of 90,310,000 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.1% of the company's shares are sold short. View Bank of America's Current Options Chain.

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 AT&T (T), JPMorgan Chase & Co. (JPM), General Electric (GE), Micron Technology (MU), Alibaba Group (BABA), Citigroup (C), Intel (INTC), NVIDIA (NVDA), Walt Disney (DIS) and Wells Fargo & Co (WFC).

Who are Bank of America's key executives?

Bank of America's management team includes the following people:
  • Mr. Brian Thomas Moynihan, Chairman & CEO (Age 60)
  • Mr. Paul M. Donofrio, Chief Financial Officer (Age 59)
  • Mr. Thomas Kell Montag, Chief Operating Officer (Age 62)
  • Mr. Thong M. Nguyen, Vice Chairman (Age 60)
  • Mr. Dean C. Athanasia, Pres of Consumer & Small Bus. (Age 52)

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 WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST (0.13%), DNB Asset Management AS (0.05%), Envestnet Asset Management Inc. (0.04%), Hexavest Inc. (0.03%), Factory Mutual Insurance Co. (0.03%) and Manning & Napier Group LLC (0.02%). Company insiders that own Bank of America stock include Catherine P Bessant, Dean C Athanasia, 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 WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST, DNB Asset Management AS, Factory Mutual Insurance Co., IFM Investors Pty Ltd, 6 Meridian, HNP Capital LLC, Campbell Capital Management Inc., and Municipal Employees Retirement System of Michigan. Company insiders that have sold Bank of America company stock in the last year include Frank P Bramble, Kathleen A Knox, and Of America Corp /De/ Bank. View insider buying and selling activity 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 Hexavest Inc., Envestnet Asset Management Inc., Allied Investment Advisors LLC, Canandaigua National Corp, Gradient Investments LLC, Investment House LLC, Cardinal Capital Management Inc., and State of Alaska Department of Revenue. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $24.19.

How big of a company is Bank of America?

Bank of America has a market capitalization of $209.86 billion and generates $113.59 billion in revenue each year. The financial services provider earns $27.43 billion in net income (profit) each year or $2.94 on an earnings per share basis. Bank of America employs 208,000 workers across the globe.

What is Bank of America's official website?

The official website for Bank of America is 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]

This page was last updated on 7/14/2020 by MarketBeat.com Staff

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