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NYSE:BACBank of America Stock Price, Forecast & News

$26.47
+0.12 (+0.46 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$25.92
Now: $26.47
$26.66
50-Day Range
$22.77
MA: $24.33
$26.92
52-Week Range
$17.95
Now: $26.47
$35.72
Volume50.84 million shs
Average Volume74.84 million shs
Market Capitalization$229.34 billion
P/E Ratio12.79
Dividend Yield2.73%
Beta1.57
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 4.0Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.07 out of 5 stars


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$3.66 per share
Book Value$27.96 per share

Profitability

Net Income$27.43 billion

Miscellaneous

Employees208,000
Outstanding Shares8,664,098,000
Market Cap$229.34 billion
Next Earnings Date10/21/2020 (Estimated)
OptionableOptionable
$26.47
+0.12 (+0.46 %)
(As of 08/14/2020 04:00 PM 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 Coronavirus (COVID-19)?

Bank of America's stock was trading at $22.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, BAC shares have increased by 16.8% and is now trading at $26.47.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Bank of America?

25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 1 sell rating, 11 hold ratings and 13 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, October 21st 2020.
View our earnings forecast for Bank of America
.

How were Bank of America's earnings last quarter?

Bank of America Corp (NYSE:BAC) announced its earnings results on Thursday, July, 16th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.28 by $0.09. The financial services provider had revenue of $22.30 billion for the quarter, compared to analyst estimates of $21.71 billion. Bank of America had a return on equity of 9.11% and a net margin of 19.09%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 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, July 22nd. Investors of record on Friday, September 4th will be paid a dividend of $0.18 per share on Friday, September 25th. This represents a $0.72 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, September 3rd.
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 approved a share repurchase plan on Thursday, June 27th 2019, which permits the company to repurchase $30,900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 11.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

What price target have analysts set for BAC?

25 brokers have issued 12-month target prices for Bank of America's stock. Their forecasts range from $21.00 to $39.00. On average, they anticipate Bank of America's stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 12.1% from the stock's current price.
View analysts' price targets for Bank of America
.

Has Bank of America been receiving favorable news coverage?

Media stories about BAC stock have been trending neutral recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Bank of America earned a news impact score of 0.0 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term.
View the latest news about Bank of America
.

Are investors shorting Bank of America?

Bank of America saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 67,270,000 shares, a decrease of 14.5% from the June 15th total of 78,640,000 shares. Based on an average daily trading volume, of 75,670,000 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are sold short.
View Bank of America's Short Interest
.

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), JPMorgan Chase & Co. (JPM), General Electric (GE), Micron Technology (MU), Citigroup (C), Alibaba Group (BABA), Intel (INTC), NVIDIA (NVDA), Walt Disney (DIS) and Wells Fargo & Co (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 (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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.22%), Sumitomo Mitsui Trust Holdings Inc. (0.36%), APG Asset Management N.V. (0.28%), LSV Asset Management (0.27%), Bessemer Group Inc. (0.24%) and California Public Employees Retirement System (0.21%). 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 Prudential Financial Inc., Canada Pension Plan Investment Board, Vanguard Group Inc., WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST, Healthcare of Ontario Pension Plan Trust Fund, Sumitomo Mitsui Trust Holdings Inc., Chilton Investment Co. LLC, and Magnolia Group LLC. Company insiders that have sold Bank of America company stock in the last year include 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 purchased by a variety of institutional investors in the last quarter, including EdgePoint Investment Group Inc., Nordea Investment Management AB, Bessemer Group Inc., MUFG Securities EMEA plc, Epoch Investment Partners Inc., Robeco Institutional Asset Management B.V., Atalanta Sosnoff Capital LLC, and First Command Advisory Services Inc.. 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
.

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 $26.47.

How big of a company is Bank of America?

Bank of America has a market capitalization of $229.34 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.

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 8/15/2020 by MarketBeat.com Staff

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