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NYSE:BACBank of America Stock Price, Forecast & News

$25.98
+1.70 (+7.00 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$24.97
Now: $25.98
$26.17
50-Day Range
$20.87
MA: $22.87
$24.86
52-Week Range
$17.95
Now: $25.98
$35.72
Volume117.47 million shs
Average Volume77.05 million shs
Market Capitalization$225.39 billion
P/E Ratio10.65
Dividend Yield2.97%
Beta1.6
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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Bank of America logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.5Dividend Strength: 4.2Insider Behavior: 4.0Valuation: 3.8 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

3.54 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$4.20 per share
Book Value$27.84 per share

Profitability

Net Income$27.43 billion

Miscellaneous

Employees208,000
Outstanding Shares8,675,610,000
Market Cap$225.39 billion
Next Earnings Date7/15/2020 (Estimated)
OptionableOptionable

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Bank of America (NYSE:BAC) Frequently Asked Questions

How has Bank of America's stock been impacted by COVID-19 (Coronavirus)?

Bank of America's stock was trading at $22.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BAC shares have increased by 14.6% and is now trading at $25.98. View which stocks have been most impacted by Coronavirus.

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

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 11 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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, July 15th 2020. View our earnings forecast for Bank of America.

How were Bank of America's earnings last quarter?

Bank of America Corp (NYSE:BAC) issued its quarterly earnings results on Wednesday, April, 15th. The financial services provider reported $0.40 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.60 by $0.20. The financial services provider had revenue of $22.77 billion for the quarter, compared to the consensus estimate of $22.58 billion. Bank of America had a return on equity of 10.64% and a net margin of 21.64%. Bank of America's revenue was down 1.0% on a year-over-year basis. During the same period last year, the business posted $0.70 earnings per share. 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 22nd. Investors of record on Friday, June 5th will be paid a dividend of $0.18 per share on Friday, June 26th. This represents a $0.72 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Thursday, June 4th. 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 approved a share repurchase plan on Thursday, June 27th 2019, which permits the company to repurchase $30,900,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 11.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its shares are undervalued.

What price target have analysts set for BAC?

24 equities research analysts have issued 1-year price objectives for Bank of America's stock. Their forecasts range from $21.00 to $39.00. On average, they expect Bank of America's stock price to reach $29.61 in the next twelve months. This suggests a possible upside of 14.0% from the stock's current price. View analysts' price targets for Bank of America.

Has Bank of America been receiving favorable news coverage?

News headlines about BAC stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news 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 sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutBank of America.

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in the month of April. As of April 15th, there was short interest totaling 108,700,000 shares, an increase of 11.1% from the March 31st total of 97,860,000 shares. Based on an average daily volume of 86,270,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.3% of the company's shares are sold short. 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 AT&T (T), JPMorgan Chase & Co. (JPM), General Electric (GE), Micron Technology (MU), Alibaba Group (BABA), Citigroup (C), 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 variety of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (2.72%), Geode Capital Management LLC (1.34%), Capital World Investors (0.64%), Legal & General Group Plc (0.59%), Nuveen Asset Management LLC (0.53%) and Primecap Management Co. CA (0.47%). Company insiders that own Bank of America stock include Catherine P Bessant, Dean C Athanasia, Frank P Bramble, Kathleen A Knox and Of America Corp /De/ Bank. 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 1832 Asset Management L.P., Nuveen Asset Management LLC, 1832 Asset Management L.P., Darsana Capital Partners LP, Schroder Investment Management Group, The Manufacturers Life Insurance Company , WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST, and Hexavest Inc.. 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 major investors are buying Bank of America stock?

BAC stock was acquired by a variety of institutional investors in the last quarter, including Public Investment Fund, Himalaya Capital Management LLC, Capital International Investors, Wellington Management Group LLP, Primecap Management Co. CA, Two Sigma Advisers LP, Eminence Capital LP, and Canada Pension Plan Investment Board. 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 $25.98.

How big of a company is Bank of America?

Bank of America has a market capitalization of $225.39 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 5/27/2020 by MarketBeat.com Staff

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