Log in

NYSE:BACBank of America Stock Price, Forecast & News

$22.14
+0.75 (+3.51 %)
(As of 04/8/2020 04:36 AM ET)
Add
Compare
Today's Range
$21.85
Now: $22.14
$22.88
50-Day Range
$18.08
MA: $25.42
$34.85
52-Week Range
$17.95
Now: $22.14
$35.72
Volume94.47 million shs
Average Volume121.07 million shs
Market Capitalization$193.17 billion
P/E Ratio8.08
Dividend Yield3.59%
Beta1.7
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.
Read More
Bank of America logo

Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.48 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$4.05 per share
Book Value$26.84 per share

Profitability

Net Income$27.43 billion

Miscellaneous

Employees208,000
Outstanding Shares8,724,770,000
Market Cap$193.17 billion
Next Earnings Date4/15/2020 (Confirmed)
OptionableOptionable

Receive BAC News and Ratings via Email

Sign-up to receive the latest news and ratings for BAC and its competitors with MarketBeat's FREE daily newsletter.


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 reached pandemic status according to the World Health Organization. Since then, BAC shares have decreased by 2.3% and is now trading at $22.14. View which stocks have been mosted 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, 12 hold ratings and 11 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 Wednesday, April 15th 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 Wednesday, April 15th 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) issued its earnings results on Wednesday, January, 15th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.69 by $0.05. The financial services provider had revenue of $22.30 billion for the quarter, compared to analysts' expectations of $22.30 billion. Bank of America had a net margin of 24.15% and a return on equity of 11.95%. Bank of America's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. 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, January 29th. Stockholders of record on Friday, March 6th will be paid a dividend of $0.18 per share on Friday, March 27th. This represents a $0.72 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, March 5th. 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 authorized a share buyback plan on Thursday, June 27th 2019, which allows the company to repurchase $30,900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 11.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for BAC?

24 brokerages have issued twelve-month price objectives for Bank of America's shares. Their forecasts range from $20.00 to $43.00. On average, they expect Bank of America's share price to reach $30.78 in the next twelve months. This suggests a possible upside of 39.0% from the stock's current price. View analysts' price targets for Bank of America.

Has Bank of America been receiving favorable news coverage?

Media headlines about BAC stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Bank of America earned a news impact score of -3.3 on InfoTrie's scale. They also gave news coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutBank of America.

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 97,998,400 shares, an increase of 18.4% from the February 27th total of 82,790,000 shares. Based on an average trading volume of 57,350,000 shares, the short-interest ratio is currently 1.7 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), Alibaba Group (BABA), General Electric (GE), Micron Technology (MU), NVIDIA (NVDA), Verizon Communications (VZ), Wells Fargo & Co (WFC), Citigroup (C) and Ford Motor (F).

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 State of Alaska Department of Revenue (0.02%), Private Asset Management Inc. (0.01%), Park National Corp OH (0.01%), Gradient Investments LLC (0.00%), IBM Retirement Fund (0.00%) and Fulton Bank N.A. (0.00%). 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 institutional investors are selling Bank of America stock?

BAC stock was sold by a variety of institutional investors in the last quarter, including Private Trust Co. NA, Park National Corp OH, Spirit of America Management Corp NY, IMS Capital Management, Private Asset Management Inc., Thomasville National Bank, Corrado Advisors LLC, and Pure Financial Advisors Inc.. Company insiders that have sold Bank of America company stock in the last year include Dean C Athanasia, Frank P Bramble, Kathleen A Knox, and Of America Corp /De/ Bank. View insider buying and selling activity for Bank of America.

Which institutional investors are buying Bank of America stock?

BAC stock was purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, IBM Retirement Fund, Gradient Investments LLC, Fulton Bank N.A., Triangle Securities Wealth Management, Foundations Investment Advisors LLC, Neville Rodie & Shaw Inc., and Burns J W & Co. Inc. NY. 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 $22.14.

How big of a company is Bank of America?

Bank of America has a market capitalization of $193.17 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. View additional information about Bank of America.

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]

This page was last updated on 4/8/2020 by MarketBeat.com Staff

Featured Article: Dividend Aristocrat Index

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel