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

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$29.04 -0.61 (-2.06 %)
(As of 03/20/2019 03:20 PM ET)
Previous Close$29.65
Today's Range$29.03 - $29.66
52-Week Range$22.66 - $32.45
Volume49.67 million shs
Average Volume49.71 million shs
Market Capitalization$297.48 billion
P/E Ratio11.13
Dividend Yield2.01%
Beta1.49
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 4,500 financial centers; 16,000 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 based 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$110.58 billion
Cash Flow$3.0440 per share
Book Value$23.72 per share

Profitability

Net Income$28.15 billion

Miscellaneous

Employees204,000
Outstanding Shares10,243,690,000
Market Cap$297.48 billion
Next Earnings Date4/16/2019 (Confirmed)
OptionableOptionable

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 declared a quarterly dividend on Wednesday, January 30th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.15 per share on Friday, March 29th. This represents a $0.60 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, February 28th. 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 authorized a stock buyback plan on Thursday, June 28th 2018, which allows the company to buyback $20,600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign 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) announced its earnings results on Wednesday, January, 16th. The financial services provider reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. The financial services provider had revenue of $22.89 billion for the quarter, compared to the consensus estimate of $22.37 billion. Bank of America had a net margin of 25.45% and a return on equity of 11.66%. The firm's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 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 Tuesday, April 16th 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 Tuesday, April 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?

14 equities research analysts have issued 12-month target prices for Bank of America's shares. Their predictions range from $28.00 to $36.00. On average, they expect Bank of America's stock price to reach $33.30 in the next twelve months. This suggests a possible upside of 14.7% from the stock's current price. View Analyst Price Targets for Bank of America.

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 7 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Bank of America.

What are Wall Street analysts saying about Bank of America stock?

Here are some recent quotes from research analysts about Bank of America stock:
  • 1. According to Zacks Investment Research, "Bank of America's shares have outperformed the industry over the past three months. The company possesses an impressive earnings surprise history, beating the Zacks Consensus Estimate in each of the trailing four quarters. Rise in loan and deposit balances, higher interest rates and efforts to control expenses will likely support profitability. Moreover, its initiatives to expand into new markets and digital offerings are expected to further enhance cross selling opportunities. However, dismal performance of capital markets has been hurting the company’s investment banking operations. Further, litigation issues related to its misconduct in the pre-crisis period are likely to lead to an increase in legal expenses, thereby hurting bottom line to some extent." (3/19/2019)
  • 2. Vining Sparks analysts commented, "Bank of America’s strong fundamental earnings momentum & the impact of tax reform continues to validate our expectations for 45% earnings growth in 2018E. We would also highlight that this strong earnings momentum has improved Bank of America’s ROTCE by over 3 full percentage points in 1Q’18 and should improve its ROTCE by over another full percentage point by the end of 2018E. Therefore, we believe Bank of America’s price-to-tangible book value should improve towards 195%, suggesting over 15% upside potential." (4/16/2018)

Has Bank of America been receiving favorable news coverage?

News coverage about BAC stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by reviewing 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 media sentiment score of 0.7 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an effect on the company's share price in the next several days.

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in the month of February. As of February 28th, there was short interest totalling 104,534,888 shares, an increase of 0.7% from the February 15th total of 103,794,341 shares. Based on an average daily trading volume, of 49,894,605 shares, the short-interest ratio is presently 2.1 days. Currently, 1.1% of the company's shares 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 Citigroup (C), General Electric (GE), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Micron Technology (MU), AT&T (T), Intel (INTC), NVIDIA (NVDA), Netflix (NFLX) and Wells Fargo & Co (WFC).

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. Geoffrey S. Greener, Chief Risk Officer (Age 54)
  • Ms. Catherine Pombier Bessant, Chief Operations & Technology Officer (Age 59)

Who are Bank of America's major shareholders?

Bank of America's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Norges Bank (1.05%), Northern Trust Corp (1.00%), Harris Associates L P (0.79%), Oregon Public Employees Retirement Fund (0.57%), Dimensional Fund Advisors LP (0.54%) and Boston Partners (0.45%). Company insiders that own Bank of America stock include Catherine P Bessant, Donald Alexander Whalen, Frank P Bramble, Louis Robert Nagy, Murray Ross Orr and Thomas D Woods. 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 Boston Partners, Barrow Hanley Mewhinney & Strauss LLC, Dimensional Fund Advisors LP, Investec Asset Management LTD, Mackenzie Financial Corp, KBC Group NV, Tocqueville Asset Management L.P. and CI Investments Inc.. View Insider Buying and Selling 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 Norges Bank, Oregon Public Employees Retirement Fund, Brandywine Global Investment Management LLC, PGGM Investments, Eaton Vance Management, Millennium Management LLC, Westfield Capital Management Co. LP and Bessemer Group Inc.. Company insiders that have bought Bank of America stock in the last two years include Donald Alexander Whalen, Murray Ross Orr and Thomas D Woods. 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, Scottrade, Fidelity and Charles Schwab.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $29.04.

How big of a company is Bank of America?

Bank of America has a market capitalization of $297.48 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.

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:  1,487 (Vote Outperform)
Underperform Votes:  1,320 (Vote Underperform)
Total Votes:  2,807
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 3/20/2019 by MarketBeat.com Staff

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