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NYSE:BAC - Bank of America Stock Price, Forecast & News

$20.57
+0.80 (+4.05 %)
(As of 04/3/2020 07:35 AM ET)
Today's Range
$19.59
Now: $20.57
$20.79
50-Day Range
$18.08
MA: $26.86
$34.92
52-Week Range
$17.95
Now: $20.57
$35.72
Volume69.94 million shs
Average Volume125.65 million shs
Market Capitalization$179.47 billion
P/E Ratio7.51
Dividend Yield3.64%
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.
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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$3.82 per share
Book Value$26.84 per share

Profitability

Net Income$27.43 billion

Miscellaneous

Employees208,000
Outstanding Shares8,724,770,000
Market Cap$179.47 billion
Next Earnings Date4/15/2020 (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 COVID-19 reached pandemic status according to the World Health Organization. Since then, BAC shares have decreased by 9.3% and is now trading at $20.57. 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, 13 hold ratings and 10 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) posted its quarterly earnings results on Wednesday, January, 15th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.69 by $0.05. The financial services provider earned $22.30 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last 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 declared a quarterly dividend on Wednesday, January 29th. Stockholders of record on Friday, March 6th will be given a dividend of $0.18 per share on Friday, March 27th. This represents a $0.72 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, March 5th. View Bank of America's dividend history.

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

Bank of America declared that its board has initiated a share buyback plan on Thursday, June 27th 2019, which authorizes the company to repurchase $30,900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 11.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its shares are undervalued.

What price target have analysts set for BAC?

24 analysts have issued 1 year target prices for Bank of America's stock. Their forecasts range from $23.00 to $43.00. On average, they expect Bank of America's stock price to reach $31.78 in the next twelve months. This suggests a possible upside of 54.5% from the stock's current price. View analysts' price targets for Bank of America.

Has Bank of America been receiving favorable news coverage?

News articles about BAC stock have trended very negative on Friday, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by analyzing 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 media sentiment score of -3.3 on InfoTrie's scale. They also assigned news articles about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near 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 daily volume of 57,350,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the shares of the stock 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), Alibaba Group (BABA), JPMorgan Chase & Co. (JPM), Micron Technology (MU), General Electric (GE), 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 many different retail and institutional investors. Top institutional shareholders include Private Asset Management Inc. (0.01%), Park National Corp OH (0.01%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%), Neville Rodie & Shaw Inc. (0.00%), Thomasville National Bank (0.00%) and Cox Capital Mgt LLC (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 Park National Corp OH, Private Asset Management Inc., and Thomasville National Bank. 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 bought by a variety of institutional investors in the last quarter, including Neville Rodie & Shaw Inc., Nelson Van Denburg & Campbell Wealth Management Group LLC, and Cox Capital Mgt LLC. 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 $20.57.

How big of a company is Bank of America?

Bank of America has a market capitalization of $179.47 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]


MarketBeat Community Rating for Bank of America (NYSE BAC)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  1,734 (Vote Outperform)
Underperform Votes:  1,703 (Vote Underperform)
Total Votes:  3,437
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 4/3/2020 by MarketBeat.com Staff

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