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

$29.59
-0.23 (-0.77 %)
(As of 09/20/2019 04:00 PM ET)
Today's Range
$29.57
Now: $29.59
$30.13
50-Day Range
$26.26
MA: $28.05
$30.21
52-Week Range
$22.66
Now: $29.59
$31.37
Volume167.36 million shs
Average Volume54.21 million shs
Market Capitalization$275.43 billion
P/E Ratio11.34
Dividend Yield2.40%
Beta1.57
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. Read More…

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$110.58 billion
Cash Flow$3.2198 per share
Book Value$24.76 per share

Profitability

Net Income$28.15 billion

Miscellaneous

Employees204,000
Outstanding Shares9,308,300,000
Market Cap$275.43 billion
Next Earnings Date10/21/2019 (Estimated)
OptionableOptionable

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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 Thursday, July 25th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.18 per share on Friday, September 27th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Thursday, September 5th. This is a boost from Bank of America's previous quarterly dividend of $0.15. 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 authorized a stock buyback program 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 repurchase up to 11.6% of its stock through open market purchases. Stock buyback programs are typically an indication 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) issued its earnings results on Wednesday, July, 17th. The financial services provider reported $0.74 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.70 by $0.04. The financial services provider had revenue of $23.10 billion for the quarter, compared to analysts' expectations of $23.13 billion. Bank of America had a net margin of 25.52% and a return on equity of 11.95%. Bank of America's revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. 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 Monday, October 21st 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, October 16th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for BAC?

20 Wall Street analysts have issued twelve-month price objectives for Bank of America's stock. Their predictions range from $28.00 to $40.00. On average, they anticipate Bank of America's share price to reach $32.4507 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price. View Analyst Price Targets for Bank of America.

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

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 11 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Bank of America.

Has Bank of America been receiving favorable news coverage?

Media coverage about BAC stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Bank of America earned a daily sentiment score of -1.3 on InfoTrie's scale. They also gave news 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 impact on the stock's share price in the near future. View News Stories for Bank of America.

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in August. As of August 15th, there was short interest totalling 86,083,000 shares, an increase of 10.4% from the July 15th total of 77,982,800 shares. Based on an average daily volume of 49,580,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.9% of the company's stock are short sold. 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 General Electric (GE), Citigroup (C), AT&T (T), Micron Technology (MU), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Intel (INTC), NVIDIA (NVDA), Wells Fargo & Co (WFC) and Cisco Systems (CSCO).

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 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)

Who are Bank of America's major shareholders?

Bank of America's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.04%), BlackRock Inc. (5.91%), BlackRock Inc. (5.91%), Daily Journal Corp (2.42%), Northern Trust Corp (1.08%) and Price T Rowe Associates Inc. MD (0.80%). Company insiders that own Bank of America stock include Catherine P Bessant, Dean C Athanasia, Donald Alexander Whalen, Murray Ross Orr 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 BlackRock Inc., BlackRock Inc., Investec Asset Management LTD, Janus Henderson Group PLC, Janus Henderson Group PLC, Vanguard Group Inc., Amundi Pioneer Asset Management Inc. and California Public Employees Retirement System. Company insiders that have sold Bank of America company stock in the last year include Dean C Athanasia and Of America Corp /De/ Bank. View Insider Buying and Selling for Bank of America.

Which institutional investors are buying Bank of America stock?

BAC stock was acquired by a variety of institutional investors in the last quarter, including Daily Journal Corp, Nuveen Asset Management LLC, Price T Rowe Associates Inc. MD, Great West Life Assurance Co. Can, APG Asset Management N.V., Steadfast Capital Management LP, Schafer Cullen Capital Management Inc and Thoroughbred Financial Services LLC. Company insiders that have bought Bank of America stock in the last two years include Donald Alexander Whalen, Murray Ross Orr and Of America Corp /De/ Bank. 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, 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 $29.59.

How big of a company is Bank of America?

Bank of America has a market capitalization of $275.43 billion and generates $110.58 billion in revenue each year. The financial services provider earns $28.15 billion in net income (profit) each year or $2.61 on an earnings per share basis. Bank of America employs 204,000 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]


MarketBeat Community Rating for Bank of America (NYSE BAC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  1,577 (Vote Outperform)
Underperform Votes:  1,492 (Vote Underperform)
Total Votes:  3,069
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 9/21/2019 by MarketBeat.com Staff

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