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S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
NYSE:BAC

Bank of America Stock Forecast, Price & News

$30.98
-0.26 (-0.83%)
(As of 07/6/2022 05:43 PM ET)
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Today's Range
$30.64
$31.25
50-Day Range
$30.98
$38.62
52-Week Range
$30.45
$50.11
Volume
35.89 million shs
Average Volume
53.07 million shs
Market Capitalization
$249.60 billion
P/E Ratio
8.85
Dividend Yield
2.69%
Price Target
$49.38

Bank of America MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
59.4% Upside
$49.38 Price Target
Short Interest
Healthy
0.95% of Shares 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 25 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.12%
From $3.33 to $3.90 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.91 out of 5 stars

Finance Sector

71st out of 1,396 stocks

National Commercial Banks Industry

20th out of 111 stocks

30 days | 90 days | 365 days | Advanced Chart

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Bank of America logo

About Bank of America (NYSE:BAC) Stock

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. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit 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. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.

BAC Stock News Headlines

Abortion ruling thrusts companies into divisive arena
The Supreme Court’s decision to end the nation’s constitutional protections for abortion has catapulted businesses of all types into the most divisive corner of politics
6 Best Dividend Stocks of All Time (BAC)
Fed's Powell facing rising criticism for inflation missteps
Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession
Hot inflation dims likelihood Fed can achieve 'soft landing'
For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession
Banks help lead stocks lower in early going on Wall Street
Banks and technology companies are leading stocks lower in morning trading on Wall Street early Wednesday, but major indexes are still holding on to gains for the week
BAC July 2023 Options Begin Trading
Truist to boost minimum wage to $22 an hour
Bank of America (NYSE:BAC) Reaches New 1-Year Low at $30.64
See More Headlines

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
N/A
Sector
Finance
Employees
208,000
Year Founded
1998

Company Calendar

Last Earnings
4/18/2022
Ex-Dividend for 6/24 Dividend
6/02/2022
Dividend Payable
6/24/2022
Today
7/06/2022
Next Earnings (Confirmed)
7/18/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$49.71
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+59.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63157894736842
Research Coverage
18 Analysts

Profitability

Net Income
$31.98 billion
Pretax Margin
34.63%

Debt

Sales & Book Value

Annual Sales
$93.85 billion
Cash Flow
$4.77 per share
Book Value
$29.98 per share

Miscellaneous

Outstanding Shares
8,056,881,000
Free Float
8,035,933,000
Market Cap
$249.60 billion
Optionable
Optionable
Beta
1.41

Social Links















Bank of America Frequently Asked Questions

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

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Bank of America stock.
View analyst ratings for Bank of America
or view top-rated stocks.

What is Bank of America's stock price forecast for 2022?

18 equities research analysts have issued 12 month target prices for Bank of America's shares. Their BAC stock forecasts range from $42.00 to $64.00. On average, they anticipate Bank of America's stock price to reach $49.71 in the next twelve months. This suggests a possible upside of 60.4% from the stock's current price.
View analysts' price targets for Bank of America
or view top-rated stocks among Wall Street analysts.

How has Bank of America's stock price performed in 2022?

Bank of America's stock was trading at $44.49 at the beginning of 2022. Since then, BAC shares have decreased by 30.4% and is now trading at $30.98.
View the best growth stocks for 2022 here
.

When is Bank of America's next earnings date?

Bank of America is scheduled to release its next quarterly earnings announcement on Monday, July 18th 2022.
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 Monday, July 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 earnings results on Monday, April, 18th. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.04. The financial services provider had revenue of $23.20 billion for the quarter, compared to analysts' expectations of $23.09 billion. Bank of America had a trailing twelve-month return on equity of 12.55% and a net margin of 32.84%. The firm's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 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, April 27th. Shareholders of record on Friday, June 3rd will be paid a dividend of $0.21 per share on Friday, June 24th. This represents a $0.84 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, June 2nd.
View Bank of America's dividend history
.

Is Bank of America a good dividend stock?

Bank of America(NYSE:BAC) pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.69%. Bank of America does not yet have a strong track record of dividend growth. The dividend payout ratio of Bank of America is 24.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of America will have a dividend payout ratio of 21.54% next year. This indicates that Bank of America will be able to sustain or increase its dividend.
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, April 15th 2021, which allows the company to repurchase $25,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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 63, Pay $1.77M)
  • Mr. Alastair M. Borthwick, Chief Financial Officer (Age 53, Pay $8.17M)
  • Mr. Matthew M. Koder, Exec. Officer & Pres of Global Corp. and Investment Banking (Age 50, Pay $9.19M)
  • Mr. Paul M. Donofrio, Vice Chairman (Age 62, Pay $6.84M)
  • Mr. James P. DeMare, Exec. Officer & Pres of Global Markets (Age 52, Pay $8.59M)
  • Mr. Thomas M. Scrivener, Chief Operations Exec. (Age 50)
  • Mr. Christopher M. Hyzy, Chief Investment Officer
  • Mr. Rudolf A. Bless, Chief Accounting Officer
  • Mr. Aditya Bhasin, Chief Technology & Information Officer (Age 48)
  • Mr. Darrin Steve Boland, Chief Admin. Officer (Age 53)

What is Brian T. Moynihan's approval rating as Bank of America's CEO?

10,089 employees have rated Bank of America CEO Brian T. Moynihan on Glassdoor.com. Brian T. Moynihan has an approval rating of 92% among Bank of America'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 many different institutional and retail investors. Top institutional shareholders include Capital Investment Advisors LLC (0.01%), Bard Financial Services Inc. (0.00%), Park National Corp OH (0.00%), First Financial Bank Trust Division (0.00%), Lynch & Associates IN (0.00%) and Centre Asset Management LLC (0.00%). Company insiders that own Bank of America stock include Andrew M Sieg, Berkshire Hathaway Inc, Dean C Athanasia, Frank P Bramble, Kathleen A Knox, Of America Corp /De/ Bank and Thong M Nguyen.
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 Centric Wealth Management, GoalVest Advisory LLC, Park National Corp OH, Parsec Financial Management Inc., and Enterprise Bank & Trust Co. Company insiders that have sold Bank of America company stock in the last two years include Andrew M Sieg, Dean C Athanasia, Frank P Bramble, and Thong M Nguyen.
View insider buying and selling activity for Bank of America
or view top insider-selling stocks.

Which institutional investors are buying Bank of America stock?

BAC stock was bought by a variety of institutional investors in the last quarter, including Centre Asset Management LLC, First Financial Bank Trust Division, Bard Financial Services Inc., Capital Investment Advisors LLC, Wiley BROS. Aintree Capital LLC, E&G Advisors LP, Lynch & Associates IN, and Marshall & Sullivan Inc. WA.
View insider buying and selling activity for Bank of America
or or view top insider-buying stocks.

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 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 $30.98.

How much money does Bank of America make?

Bank of America (NYSE:BAC) has a market capitalization of $249.60 billion and generates $93.85 billion in revenue each year. The financial services provider earns $31.98 billion in net income (profit) each year or $3.50 on an earnings per share basis.

How many employees does Bank of America have?

Bank of America employs 208,000 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

When was Bank of America founded?

Bank of America was founded in 1998.

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 Bank of America 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 7/7/2022 by MarketBeat.com Staff

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