S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
NYSE:BAC

Bank of America (BAC) Stock Forecast, Price & News

$33.86
-0.59 (-1.71%)
(As of 05/20/2022 04:00 PM ET)
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Today's Range
$32.96
$34.98
50-Day Range
$33.86
$44.18
52-Week Range
$32.96
$50.11
Volume
62.38 million shs
Average Volume
54.43 million shs
Market Capitalization
$272.81 billion
P/E Ratio
9.67
Dividend Yield
2.44%
Beta
1.39
30 days | 90 days | 365 days | Advanced Chart
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Bank of America logo

About Bank of America

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.

Headlines

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Industry, Sector and Symbol

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

Sales & Book Value

Annual Sales
$93.85 billion
Cash Flow
$4.71 per share
Book Value
$29.72 per share

Profitability

Net Income
$31.98 billion
Pretax Margin
34.63%

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares
8,056,881,000
Free Float
8,035,933,000
Market Cap
$272.81 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/25 Dividend
3/03/2022
Dividend Payable
3/25/2022
Last Earnings
4/18/2022
Today
5/20/2022
Ex-Dividend for 6/24 Dividend
6/02/2022
Dividend Payable
6/24/2022
Next Earnings (Estimated)
7/13/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

3.23 out of 5 stars

Finance Sector

74th out of 1,356 stocks

National Commercial Banks Industry

10th out of 110 stocks

Analyst Opinion: 4.3Community Rank: 4.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -













Bank of America (NYSE:BAC) Frequently Asked Questions

Is Bank of America a buy right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 7 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Bank of America stock.
View analyst ratings for Bank of America
or view top-rated stocks.

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in April. As of April 30th, there was short interest totaling 75,260,000 shares, an increase of 20.1% from the April 15th total of 62,690,000 shares. Based on an average daily volume of 53,440,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.9% of the company's shares are sold short.
View Bank of America's Short Interest
.

When is Bank of America's next earnings date?

Bank of America is scheduled to release its next quarterly earnings announcement on Wednesday, July 13th 2022.
View our earnings forecast for Bank of America
.

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 $0.79 by $0.01. The financial services provider earned $23.20 billion during the quarter, compared to the consensus estimate 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 company's quarterly revenue was up 1.8% on a year-over-year basis. During the same period last year, the company posted $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 declared a quarterly dividend on Wednesday, April 27th. Stockholders 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 2.48%. The ex-dividend date of this dividend is Thursday, June 2nd.
View Bank of America's dividend history
.

Is Bank of America a good dividend stock?

Bank of America pays an annual dividend of $0.84 per share and currently has a dividend yield of 2.44%. 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 21.71% 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 initiated a share repurchase 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 buy up to 7.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its stock is undervalued.

What price target have analysts set for BAC?

20 analysts have issued twelve-month price objectives for Bank of America's stock. Their forecasts range from $42.00 to $64.00. On average, they expect Bank of America's share price to reach $50.38 in the next twelve months. This suggests a possible upside of 48.8% from the stock's current price.
View analysts' price targets for Bank of America
or view top-rated stocks among Wall Street analysts.

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.34%), Capital World Investors (1.21%), Northern Trust Corp (0.91%), Charles Schwab Investment Management Inc. (0.46%), Dimensional Fund Advisors LP (0.44%) and Primecap Management Co. CA (0.37%). Company insiders that own Bank of America stock include Andrew M Sieg, Berkshire Hathaway Inc, Dean C Athanasia, Frank P Bramble 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 Assenagon Asset Management S.A., UBS Group AG, Capital International Investors, Sculptor Capital LP, Sculptor Capital LP, Capital World Investors, Russell Investments Group Ltd., and Canada Pension Plan Investment Board. Company insiders that have sold Bank of America company stock in the last year 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 purchased by a variety of institutional investors in the last quarter, including Snider Financial Group, Arrowstreet Capital Limited Partnership, Capital Research Global Investors, Vanguard Group Inc., Cowa LLC, Nisa Investment Advisors LLC, Aaron Wealth Advisors LLC, and 1832 Asset Management L.P..
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 $33.86.

How much money does Bank of America make?

Bank of America has a market capitalization of $272.81 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.

When was Bank of America founded?

Bank of America was founded in 1998.

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, via email at [email protected], or via fax at 704-386-8009.

This page was last updated on 5/21/2022 by MarketBeat.com Staff

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