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NYSE:BAC

Bank of America Stock Forecast, Price & News

$31.16
-0.39 (-1.24 %)
(As of 01/25/2021 12:00 AM ET)
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Compare
Today's Range
$30.57
Now: $31.16
$31.30
50-Day Range
$28.22
MA: $30.72
$33.99
52-Week Range
$17.95
Now: $31.16
$35.45
Volume47.86 million shs
Average Volume58.03 million shs
Market Capitalization$269.56 billion
P/E Ratio15.43
Dividend Yield2.28%
Beta1.59
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 in Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets segments. 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. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions, as well as customized solutions, 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, fixed-income, and mortgage-related products. As of May 7, 2020, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 16,900 ATMs; and digital banking platforms with approximately 39 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.
Bank of America logo

MarketRank

Overall MarketRank

2.41 out of 5 stars

Finance Sector

54th out of 1,930 stocks

National Commercial Banks Industry

12th out of 164 stocks

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone704-386-5681
Employees212,505
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$113.59 billion
Cash Flow$3.46 per share
Book Value$26.84 per share

Profitability

Net Income$27.43 billion

Miscellaneous

Outstanding Shares8,650,790,000
Market Cap$269.56 billion
Next Earnings Date4/21/2021 (Estimated)
OptionableOptionable
$31.16
-0.39 (-1.24 %)
(As of 01/25/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Bank of America (NYSE:BAC) Frequently Asked Questions

How has Bank of America's stock price been impacted by COVID-19 (Coronavirus)?

Bank of America's stock was trading at $22.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BAC shares have increased by 37.5% and is now trading at $31.16.
View which stocks have been most impacted by COVID-19
.

Is Bank of America a buy right now?

22 Wall Street 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 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Bank of America stock.
View analyst ratings for Bank of America
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Bank of America?

Wall Street analysts have given Bank of America a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Bank of America wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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.

When is Bank of America's next earnings date?

Bank of America is scheduled to release its next quarterly earnings announcement on Wednesday, April 21st 2021.
View our earnings forecast for Bank of America
.

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) released its quarterly earnings results on Tuesday, January, 19th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.55 by $0.04. The financial services provider had revenue of $20.10 billion for the quarter, compared to analyst estimates of $20.76 billion. Bank of America had a net margin of 19.50% and a trailing twelve-month return on equity of 8.00%. The business's quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 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 announced a quarterly dividend on Tuesday, January 19th. Stockholders of record on Friday, March 5th will be paid a dividend of $0.18 per share on Friday, March 26th. This represents a $0.72 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, March 4th.
View Bank of America's dividend history
.

Is Bank of America a good dividend stock?

Bank of America pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.28%. Bank of America does not yet have a strock track record of dividend growth. The dividend payout ratio of Bank of America is 24.49%. 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 32.43% 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 declared that its Board of Directors has approved a stock buyback plan on Tuesday, January 19th 2021, which permits the company to repurchase $2,900,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

What price target have analysts set for BAC?

22 brokerages have issued twelve-month target prices for Bank of America's stock. Their forecasts range from $24.00 to $39.00. On average, they anticipate Bank of America's share price to reach $32.69 in the next year. This suggests a possible upside of 4.9% from the stock's current price.
View analysts' price targets for Bank of America
or view Wall Street analyst' top-rated stocks.

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 JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU), General Electric (GE), Intel (INTC), Citigroup (C), Alibaba Group (BABA), NVIDIA (NVDA), The Walt Disney (DIS) and Wells Fargo & Company (WFC).

Who are Bank of America's key executives?

Bank of America's management team includes the following people:
  • Mr. Brian Thomas Moynihan, Chairman, CEO & Pres (Age 62, Pay $1.83M)
  • Mr. Paul M. Donofrio, Chief Financial Officer (Age 61, Pay $5.85M)
  • Mr. Thomas Kell Montag, COO & Pres of Global Banking and Markets (Age 64, Pay $8.97M)
  • Mr. Dean C. Athanasia, Pres of Consumer & Small Bus. (Age 54, Pay $5.65M)
  • Mr. Geoffrey S. Greener, Chief Risk Officer (Age 56, Pay $5.86M)
  • Ms. Catherine Pombier Bessant, Chief Operations & Technology Officer (Age 61)
  • Mr. Rudolf A. Bless, Chief Accounting Officer
  • Mr. Matthew M. Koder, Pres of Global Corp. & Investment Banking
  • Ms. Andrea Bradley Smith, Chief Admin. Officer (Age 53)
  • Mr. E. Lee McEntire, Sr. VP of Investor Relations

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 New York State Teachers Retirement System (0.12%), DNB Asset Management AS (0.05%), Strs Ohio (0.05%), Atalanta Sosnoff Capital LLC (0.04%), Focused Investors LLC (0.04%) and Gateway Investment Advisers LLC (0.04%). Company insiders that own Bank of America stock include Berkshire Hathaway Inc, 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 Hexavest Inc., New York State Teachers Retirement System, Gillespie Robinson & Grimm Inc., Avantax Advisory Services Inc., Strs Ohio, Baldwin Brothers Inc. MA, Global Retirement Partners LLC, and Nisa Investment Advisors LLC.
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 DNB Asset Management AS, Atalanta Sosnoff Capital LLC, RNC Capital Management LLC, Crossmark Global Holdings Inc., Bainco International Investors, Douglas Lane & Associates LLC, IFM Investors Pty Ltd, and David J Yvars Group. Company insiders that have bought Bank of America stock in the last two years include Berkshire Hathaway Inc, and Of America Corp /De/ Bank.
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.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $31.16.

How big of a company is Bank of America?

Bank of America has a market capitalization of $269.56 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 212,505 workers across the globe.

What is Bank of America's official website?

The official website for Bank of America is 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 1/25/2021 by MarketBeat.com Staff

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