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

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$31.32 +0.32 (+1.03 %)
(As of 09/20/2018 02:19 PM ET)
Previous Close$31.22
Today's Range$31.15 - $31.36
52-Week Range$24.58 - $33.05
Volume2.27 million shs
Average Volume42.69 million shs
Market Capitalization$309.46 billion
P/E Ratio17.09
Dividend Yield1.99%
Beta1.27
Bank of America logoBank 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

Stock Exchange NYSE
Industry National commercial banks
Sub-IndustryN/A
SectorFinance
SymbolNYSE:BAC
CUSIPN/A
Phone704-386-5681

Debt

Debt-to-Equity Ratio0.94
Current Ratio0.91
Quick Ratio0.90

Price-To-Earnings

Trailing P/E Ratio17.09
Forward P/E Ratio12.43
P/E Growth1.5

Sales & Book Value

Annual Sales$100.26 billion
Price / Sales3.20
Cash Flow$2.5651 per share
Price / Cash12.21
Book Value$23.80 per share
Price / Book1.32

Profitability

EPS (Most Recent Fiscal Year)$1.83
Net Income$18.23 billion
Net Margins20.86%
Return on Equity10.06%
Return on Assets1.07%

Miscellaneous

Employees209,000
Outstanding Shares10,243,690,000
Market Cap$309.46 billion

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 announced a quarterly dividend on Thursday, July 26th. Shareholders of record on Friday, September 7th will be given a dividend of $0.15 per share on Friday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, September 6th. This is a boost from Bank of America's previous quarterly dividend of $0.12. 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 share buyback program on Thursday, June 28th 2018, which permits the company to buyback $20,600,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

How were Bank of America's earnings last quarter?

Bank of America Corp (NYSE:BAC) released its quarterly earnings data on Monday, July, 16th. The financial services provider reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.06. The financial services provider had revenue of $22.60 billion for the quarter, compared to analysts' expectations of $22.49 billion. Bank of America had a net margin of 20.86% and a return on equity of 10.06%. The business's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. 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 Monday, October, 15th 2018. View Earnings Estimates for Bank of America.

What price target have analysts set for BAC?

17 Wall Street analysts have issued 1-year target prices for Bank of America's stock. Their predictions range from $24.00 to $37.00. On average, they expect Bank of America's stock price to reach $32.2813 in the next twelve months. This suggests a possible upside of 3.2% from the stock's current price. View Analyst Price Targets for Bank of America.

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

17 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 10 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. 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)
  • 2. According to Zacks Investment Research, "Bank of America’s shares have outperformed the industry, over the past six months. This price performance is backed by impressive earnings surprise history as the company surpassed the Zacks Consensus Estimate in each of the trailing four quarters. The company’s fourth-quarter 2017 earnings benefited from higher interest income and investment banking fees as well as lower operating expenses. Rising interest rates, increase in loan and deposit balances, and efforts to manage expenses are expected to continue supporting profitability. The bank’s efforts to streamline and simplify operations as well as gains from the new tax act will aid its financial performance. However, fall in mortgage banking income due to lower volumes and a decline in refinancing activity along with uncertainty related to performance of capital markets remain major concerns." (2/13/2018)

Are investors shorting Bank of America?

Bank of America saw a decline in short interest in August. As of August 31st, there was short interest totalling 125,504,253 shares, a decline of 13.2% from the August 15th total of 144,660,332 shares. Based on an average trading volume of 43,465,197 shares, the short-interest ratio is presently 2.9 days. Approximately 1.3% of the company's stock are short sold. View Bank of America's Current Options Chain.

Who are some of Bank of America's key competitors?

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 59)
  • Mr. Paul M. Donofrio, Chief Financial Officer (Age 58)
  • Mr. Thomas Kell Montag, Chief Operating Officer (Age 61)
  • Mr. Terrence P. Laughlin, Vice Chairman and Head of Global Wealth & Investment Management (Age 63)
  • Mr. Geoffrey S. Greener, Chief Risk Officer (Age 53)

Has Bank of America been receiving favorable news coverage?

Press coverage about BAC stock has been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Bank of America earned a daily sentiment score of 0.18 on Accern's scale. They also gave media stories about the financial services provider an impact score of 46.57 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future. View Recent Headlines for Bank of America.

Who are Bank of America's major shareholders?

Bank of America's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.23%), Bank of New York Mellon Corp (0.95%), Bank of New York Mellon Corp (0.95%), Boston Partners (0.65%), Dimensional Fund Advisors LP (0.62%) and Legal & General Group Plc (0.40%). Company insiders that own Bank of America stock include Catherine P Bessant, Donald Alexander Whalen, Frank P Bramble, Louis Robert Nagy, Michael D White, Murray Ross Orr and Thomas D Woods. View Institutional Ownership Trends for Bank of America.

Which major investors are selling Bank of America stock?

BAC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Canada Pension Plan Investment Board, Fred Alger Management Inc., United Services Automobile Association, Sanders Capital LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp and ADAMCAPITAL Gestao de Recursos Ltda.. View Insider Buying and Selling for Bank of America.

Which major investors are buying Bank of America stock?

BAC stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Dimensional Fund Advisors LP, Natixis, Royal London Asset Management Ltd., Hexavest Inc., Sumitomo Mitsui Trust Holdings Inc., Connor Clark & Lunn Investment Management Ltd. and Standard Life Aberdeen plc. Company insiders that have bought Bank of America stock in the last two years include Donald Alexander Whalen, Michael D White, 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 $31.29.

How big of a company is Bank of America?

Bank of America has a market capitalization of $309.46 billion and generates $100.26 billion in revenue each year. The financial services provider earns $18.23 billion in net income (profit) each year or $1.83 on an earnings per share basis. Bank of America employs 209,000 workers across the globe.

How can I contact Bank of America?

Bank of America's mailing address is BANK OF AMERICA CORPORATE CENTER 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:  2.7 out of 5 (star star)
Outperform Votes:  1,314 (Vote Outperform)
Underperform Votes:  1,129 (Vote Underperform)
Total Votes:  2,443
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 9/20/2018 by MarketBeat.com Staff

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