NYSE:BAC

Bank of America Stock Forecast, Price & News

$40.14
+1.01 (+2.58 %)
(As of 09/22/2021 12:00 AM ET)
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Today's Range
$39.75
$40.52
50-Day Range
$36.93
$42.49
52-Week Range
$22.95
$43.49
Volume46.05 million shs
Average Volume49.68 million shs
Market Capitalization$337.77 billion
P/E Ratio13.42
Dividend Yield1.84%
Beta1.55
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Bank of America logo

About Bank of America

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions

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MarketRank

Overall MarketRank

2.62 out of 5 stars

Finance Sector

171st out of 1,332 stocks

National Commercial Banks Industry

17th out of 109 stocks

Analyst Opinion: 2.3Community Rank: 4.5Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -
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Bank of America (NYSE:BAC) Frequently Asked Questions

Is Bank of America a buy right now?

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Bank of America stock.
View analyst ratings for Bank of America
or view top-rated stocks.

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 buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Bank of America wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Bank of America?

Bank of America saw a increase in short interest during the month of August. As of August 13th, there was short interest totaling 87,700,000 shares, an increase of 14.1% from the July 29th total of 76,860,000 shares. Based on an average daily trading volume, of 45,930,000 shares, the short-interest ratio is currently 1.9 days. Approximately 1.1% of the company's shares are short sold.
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, October 13th 2021.
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 quarterly earnings data on Wednesday, July, 14th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.26. The financial services provider had revenue of $21.50 billion for the quarter, compared to analyst estimates of $21.77 billion. Bank of America had a net margin of 30.82% and a trailing twelve-month return on equity of 11.08%. Bank of America's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 earnings per share.
View Bank of America's earnings history
.

How has Bank of America's stock price been impacted by Coronavirus?

Bank of America's stock was trading at $22.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, BAC shares have increased by 77.1% and is now trading at $40.14.
View which stocks have been most impacted by COVID-19
.

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, July 21st. Investors of record on Friday, September 3rd will be given a dividend of $0.21 per share on Friday, September 24th. This represents a $0.84 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 2nd. This is a positive change from Bank of America's previous quarterly dividend of $0.18.
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 1.84%. Bank of America does not yet have a strong track record of dividend growth. The dividend payout ratio of Bank of America is 38.50%. 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 23.15% 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 share buyback program on Thursday, April 15th 2021, which allows the company to buyback $25,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

What price target have analysts set for BAC?

19 brokers have issued 1 year price objectives for Bank of America's stock. Their forecasts range from $30.00 to $47.00. On average, they expect Bank of America's stock price to reach $40.54 in the next year. This suggests a possible upside of 1.0% 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:
  • Brian T. Moynihan, Chairman, President & Chief Executive Officer
  • Catherine P. Bessant, Co-COO & Chief Technology Officer
  • Thomas Kell Montag, Co-Chief Operating Officer
  • Paul M. Donofrio, Chief Financial Officer
  • Andrea B. Smith, Chief Administrative Officer

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.

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).

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.40%), State Street Corp (3.97%), FMR LLC (2.75%), Price T Rowe Associates Inc. MD (1.95%), Geode Capital Management LLC (1.38%) and Northern Trust Corp (0.94%). Company insiders that own Bank of America stock include Berkshire Hathaway Inc, Frank P Bramble, Kathleen A Knox, Of America Corp /De/ Bank and Thong M Nguyen.
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 Franklin Resources Inc., LSV Asset Management, Hotchkis & Wiley Capital Management LLC, Boston Partners, Dodge & Cox, Epoch Investment Partners Inc., Morgan Stanley, and Bank of New York Mellon Corp.
View insider buying and selling activity for Bank of America
or view top insider-selling stocks.

Which major investors are buying Bank of America stock?

BAC stock was acquired by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Amundi, Invesco Ltd., Border to Coast Pensions Partnership Ltd, Capital International Investors, Goldman Sachs Group Inc., Nuveen Asset Management LLC, and Simplex Trading LLC. 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.
Compare Top Brokerages Here.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $40.14.

How much money does Bank of America make?

Bank of America has a market capitalization of $337.77 billion and generates $93.75 billion in revenue each year. The financial services provider earns $17.89 billion in net income (profit) each year or $1.87 on an earnings per share basis.

How many employees does Bank of America have?

Bank of America employs 213,000 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.

Where are Bank of America's headquarters?

Bank of America is headquartered at 100 N. TRYON STREET, CHARLOTTE NC, 28255.

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 9/22/2021 by MarketBeat.com Staff
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