S&P 500   3,970.99
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MarketBeat Week in Review – 3/20 - 3/24
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Germany, EU reach agreement in combustion engine row
Bank failures and rescue test Yellen's decades of experience
Bank Accounts: Frozen! (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
Bank Accounts: Frozen! (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Germany, EU reach agreement in combustion engine row
Bank failures and rescue test Yellen's decades of experience
Bank Accounts: Frozen! (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
Bank Accounts: Frozen! (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Germany, EU reach agreement in combustion engine row
Bank failures and rescue test Yellen's decades of experience
Bank Accounts: Frozen! (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
Bank Accounts: Frozen! (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip
S&P 500   3,970.99
DOW   32,237.53
QQQ   310.89
MarketBeat Week in Review – 3/20 - 3/24
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
Germany, EU reach agreement in combustion engine row
Bank failures and rescue test Yellen's decades of experience
Bank Accounts: Frozen! (Ad)
Intel co-founder, philanthropist Gordon Moore dies at 94
'What can we do?': Millions in African countries need power
Bank Accounts: Frozen! (Ad)
Judge rules online archive's book service violated copyright
Renamed Horseshoe to host Poker World Series on Vegas Strip

Bank of America - BAC Stock Forecast, Price & News

$27.14
+0.17 (+0.63%)
(As of 03/24/2023 12:00 AM ET)
Add
Compare
Today's Range
$26.32
$27.29
50-Day Range
$26.97
$36.77
52-Week Range
$26.32
$44.39
Volume
96.98 million shs
Average Volume
81.24 million shs
Market Capitalization
$217.22 billion
P/E Ratio
8.51
Dividend Yield
3.24%
Price Target
$39.28

Bank of America MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
44.7% Upside
$39.28 Price Target
Short Interest
Healthy
0.68% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
-0.03mentions of Bank of America in the last 14 days
Based on 37 Articles This Week
Insider Trading
Selling Shares
$11.31 M Sold Last Quarter
Proj. Earnings Growth
6.82%
From $3.37 to $3.60 Per Share

Overall MarketRank

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

3.10 out of 5 stars

Finance Sector

102nd out of 883 stocks

National Commercial Banks Industry

20th out of 86 stocks

BAC stock logo

About Bank of America (NYSE:BAC) Stock

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.

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BAC Stock News Headlines

2 Banking Stocks in Buying Zones Amid Market Sell-off (BAC)
Banking stocks are on discount due to market uncertainty. Here are two companies that might be worth looking into more for defensive investors.
Risk-Free Money Market vs. Bank Dividend Stock, Which is Better? (BAC)
Banks stocks have been making headlines due to the collapse of the nation’s 16th largest bank, Silicon Valley Bank and Signature Bank. Notably, the
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
These Indicators Suggest Further Upside at Bank of America
Rising interest rates may work against myriad of stock sectors, however banking stock historically benefit from this, and Bank of America is first in line
Is Fifth Third Bancorp a Stalwart Among Regional Banks? (BAC)
The Silicon Valley Bank disaster has spread contagion fears throughout the regional banking industry. Regional bank Fifth Third Bancorp (NASDAQ: FITB) stock has
Don't Miss Out: $2 Trillion Could be Headed to the Banking Sector (BAC)
Up to $2 trillion in liquidity could flow to banks in the financial services sector. Here's how you can position your portfolio.
Regional Bank Depositors Turn to Bank of America After SVB Fail
"Be greedy when others are fearful" as Buffett says, this saying may have found its best application yet seeing Bank of America stock take an unjustified dive
SVB: The First Crack In The Economy, Pressure Building  (BAC)
SVB collapsing is only the 1st in what will become a string of events in this crisis and the market is moving lower because of it. CPI data is due out soon
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Should You Take a Cruise in Royal Caribbean Stock? (BAC)
Cruise operator Royal Caribbean Group Ltd. (NYSE: RCL) is experiencing a record WAVE season, typically the first few months of the year when customers take
Bank Stocks Slump After Fed Raises Rates
Recession fears rise amid investor uncertainty: Survey
Don’t ‘Buy the Dip’ With Bank of America Stock
See More Headlines
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BAC Company Calendar

Ex-Dividend for 12/30 Dividend
12/01/2022
Dividend Payable
12/30/2022
Last Earnings
1/13/2023
Ex-Dividend for 3/31 Dividend
3/02/2023
Today
3/25/2023
Dividend Payable
3/31/2023
Next Earnings (Confirmed)
4/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
217,000
Year Founded
1998

Price Target and Rating

Average Stock Price Forecast
$39.28
High Stock Price Forecast
$55.00
Low Stock Price Forecast
$33.00
Forecasted Upside/Downside
+44.7%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
15 Analysts

Profitability

Net Income
$27.53 billion
Pretax Margin
26.92%

Debt

Sales & Book Value

Annual Sales
$115.05 billion
Cash Flow
$3.87 per share
Book Value
$30.51 per share

Miscellaneous

Outstanding Shares
8,003,840,000
Free Float
7,982,229,000
Market Cap
$217.22 billion
Optionable
Optionable
Beta
1.40

Social Links


Key Executives

  • Brian T. Moynihan
    Chairman, President & Chief Executive Officer
  • Alastair Borthwick
    Chief Financial Officer
  • Aditya Bhasin
    Chief Technology & Information Officer
  • Angela Rivers
    Senior Vice President
  • Steve D. Boland
    Chief Administrative Officer













BAC Stock - Frequently Asked Questions

Should I buy or sell Bank of America stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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 forecast for 2023?

15 equities research analysts have issued twelve-month price objectives for Bank of America's stock. Their BAC share price forecasts range from $33.00 to $55.00. On average, they predict the company's share price to reach $39.28 in the next year. This suggests a possible upside of 44.7% 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 on January 1st, 2023. Since then, BAC shares have decreased by 18.1% and is now trading at $27.14.
View the best growth stocks for 2023 here
.

When is Bank of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our BAC earnings forecast
.

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

Bank of America will be holding an earnings conference call on Tuesday, April 18th at 8:30 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) issued its quarterly earnings results on Friday, January, 13th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. The financial services provider earned $24.50 billion during the quarter, compared to analysts' expectations of $24.17 billion. Bank of America had a trailing twelve-month return on equity of 11.41% and a net margin of 23.93%. Bank of America's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share.
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, February 1st. Shareholders of record on Friday, March 3rd will be paid a dividend of $0.22 per share on Friday, March 31st. This represents a $0.88 annualized dividend and a yield of 3.24%. The ex-dividend date is Thursday, March 2nd.
Read our dividend analysis for BAC
.

Is Bank of America a good dividend stock?

Bank of America (NYSE:BAC) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.18%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 24.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

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

Bank of America declared that its Board of Directors has initiated a share buyback plan on Thursday, April 15th 2021, which authorizes the company to buyback $25,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 7.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

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).

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 Moneta Group Investment Advisors LLC (2.41%), Price T Rowe Associates Inc. MD (1.59%), Geode Capital Management LLC (1.54%), Norges Bank (1.29%), Legal & General Group Plc (0.57%) and Charles Schwab Investment Management Inc. (0.48%). Insiders that own company stock include Andrew M Sieg, Berkshire Hathaway Inc, Dean C Athanasia, Frank P Bramble, 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.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $27.14.

How much money does Bank of America make?

Bank of America (NYSE:BAC) has a market capitalization of $217.22 billion and generates $115.05 billion in revenue each year. The financial services provider earns $27.53 billion in net income (profit) each year or $3.19 on an earnings per share basis.

How many employees does Bank of America have?

The company employs 217,000 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.
Read More
How can I contact Bank of America?

Bank of America's mailing address is 100 N. TRYON STREET, CHARLOTTE NC, 28255. The official website for the company is www.bankofamerica.com. The financial services provider can be reached via phone at (704) 386-5681, via email at i_r@bankofamerica.com, or via fax at 704-386-8009.

This page (NYSE:BAC) was last updated on 3/25/2023 by MarketBeat.com Staff