S&P 500   3,443.12 (+0.47%)
DOW   28,308.79 (+0.40%)
QQQ   284.58 (+0.27%)
AAPL   117.58 (+1.38%)
MSFT   214.82 (+0.28%)
FB   275.73 (+5.48%)
GOOGL   1,563.45 (+2.19%)
AMZN   3,217.00 (+0.31%)
TSLA   421.01 (-2.28%)
NVDA   545.74 (+1.08%)
BABA   309.70 (+1.44%)
CGC   18.84 (-4.90%)
GE   7.33 (+0.55%)
MU   53.71 (+2.05%)
AMD   81.50 (-0.61%)
T   26.79 (-0.33%)
F   7.74 (+1.98%)
ACB   4.46 (-5.31%)
GILD   60.70 (+0.21%)
NFLX   499.03 (-5.97%)
BA   167.10 (+-0.01%)
BAC   24.14 (+1.77%)
DIS   124.67 (+0.35%)
S&P 500   3,443.12 (+0.47%)
DOW   28,308.79 (+0.40%)
QQQ   284.58 (+0.27%)
AAPL   117.58 (+1.38%)
MSFT   214.82 (+0.28%)
FB   275.73 (+5.48%)
GOOGL   1,563.45 (+2.19%)
AMZN   3,217.00 (+0.31%)
TSLA   421.01 (-2.28%)
NVDA   545.74 (+1.08%)
BABA   309.70 (+1.44%)
CGC   18.84 (-4.90%)
GE   7.33 (+0.55%)
MU   53.71 (+2.05%)
AMD   81.50 (-0.61%)
T   26.79 (-0.33%)
F   7.74 (+1.98%)
ACB   4.46 (-5.31%)
GILD   60.70 (+0.21%)
NFLX   499.03 (-5.97%)
BA   167.10 (+-0.01%)
BAC   24.14 (+1.77%)
DIS   124.67 (+0.35%)
S&P 500   3,443.12 (+0.47%)
DOW   28,308.79 (+0.40%)
QQQ   284.58 (+0.27%)
AAPL   117.58 (+1.38%)
MSFT   214.82 (+0.28%)
FB   275.73 (+5.48%)
GOOGL   1,563.45 (+2.19%)
AMZN   3,217.00 (+0.31%)
TSLA   421.01 (-2.28%)
NVDA   545.74 (+1.08%)
BABA   309.70 (+1.44%)
CGC   18.84 (-4.90%)
GE   7.33 (+0.55%)
MU   53.71 (+2.05%)
AMD   81.50 (-0.61%)
T   26.79 (-0.33%)
F   7.74 (+1.98%)
ACB   4.46 (-5.31%)
GILD   60.70 (+0.21%)
NFLX   499.03 (-5.97%)
BA   167.10 (+-0.01%)
BAC   24.14 (+1.77%)
DIS   124.67 (+0.35%)
S&P 500   3,443.12 (+0.47%)
DOW   28,308.79 (+0.40%)
QQQ   284.58 (+0.27%)
AAPL   117.58 (+1.38%)
MSFT   214.82 (+0.28%)
FB   275.73 (+5.48%)
GOOGL   1,563.45 (+2.19%)
AMZN   3,217.00 (+0.31%)
TSLA   421.01 (-2.28%)
NVDA   545.74 (+1.08%)
BABA   309.70 (+1.44%)
CGC   18.84 (-4.90%)
GE   7.33 (+0.55%)
MU   53.71 (+2.05%)
AMD   81.50 (-0.61%)
T   26.79 (-0.33%)
F   7.74 (+1.98%)
ACB   4.46 (-5.31%)
GILD   60.70 (+0.21%)
NFLX   499.03 (-5.97%)
BA   167.10 (+-0.01%)
BAC   24.14 (+1.77%)
DIS   124.67 (+0.35%)
Log in
NYSE:BAC

Bank of America Stock Forecast, Price & News

$24.14
+0.42 (+1.77 %)
(As of 10/20/2020 04:05 PM ET)
Add
Compare
Today's Range
$23.79
Now: $24.14
$24.48
50-Day Range
$23.26
MA: $24.93
$26.54
52-Week Range
$17.95
Now: $24.14
$35.72
Volume3.88 million shs
Average Volume71.16 million shs
Market Capitalization$209.15 billion
P/E Ratio11.95
Dividend Yield2.97%
Beta1.54
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 in Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets segments. 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. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions, as well as customized solutions, 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, fixed-income, and mortgage-related products. As of May 7, 2020, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 16,900 ATMs; and digital banking platforms with approximately 39 million active users. Bank of America Corporation was founded in 1784 and is headquartered in Charlotte, North Carolina.
Read More
Bank of America logo

Beat the Market (BTM) Rank

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

Overall Beat the Market Rank

2.96 out of 5 stars

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone704-386-5681
Employees208,000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$113.59 billion
Cash Flow$3.65 per share
Book Value$28.33 per share

Profitability

Net Income$27.43 billion

Miscellaneous

Outstanding Shares8,664,098,000
Market Cap$209.15 billion
Next Earnings Date1/20/2021 (Estimated)
OptionableOptionable
$24.14
+0.42 (+1.77 %)
(As of 10/20/2020 04:05 PM ET)
30 days | 90 days | 365 days | Advanced Chart

Receive BAC News and Ratings via Email

Sign-up to receive the latest news and ratings for BAC and its competitors with MarketBeat's FREE daily newsletter.

speech bubbles
speech bubbles











Bank of America (NYSE:BAC) Frequently Asked Questions

How has Bank of America's stock price been impacted by COVID-19?

Bank of America's stock was trading at $22.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, BAC stock has increased by 6.5% and is now trading at $24.14.
View which stocks have been most impacted by COVID-19
.

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

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 1 sell rating, 7 hold ratings and 14 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, January 20th 2021.
View our earnings forecast for Bank of America
.

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) announced its quarterly earnings results on Wednesday, October, 14th. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks' consensus estimate of $0.53 by $0.02. The financial services provider had revenue of $20.30 billion for the quarter, compared to analyst estimates of $20.88 billion. Bank of America had a return on equity of 8.00% and a net margin of 19.50%. The business's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 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, 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 dividend yield of 2.98%. 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 initiated a stock 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 repurchase up to 11.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

What price target have analysts set for BAC?

22 brokerages have issued 12 month price targets 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 $29.50 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
View analysts' price targets for Bank of America
.

Are investors shorting Bank of America?

Bank of America saw a decrease in short interest in the month of September. As of September 30th, there was short interest totaling 67,130,000 shares, a decrease of 15.8% from the September 15th total of 79,680,000 shares. Based on an average daily trading volume, of 58,650,000 shares, the short-interest ratio is presently 1.1 days. Approximately 0.8% of the company's shares 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 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).

Who are Bank of America's key executives?

Bank of America's management team includes the following people:
  • Mr. Brian Thomas Moynihan, Chairman, CEO & Pres (Age 61, Pay $1.83M)
  • Mr. Paul M. Donofrio, Chief Financial Officer (Age 60, Pay $5.85M)
  • Mr. Thomas Kell Montag, COO & Pres of Global Banking and Markets (Age 63, Pay $8.97M)
  • Mr. Dean C. Athanasia, Pres of Consumer & Small Bus. (Age 53, Pay $5.65M)
  • Mr. Geoffrey S. Greener, Chief Risk Officer (Age 55, Pay $5.86M)

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 shareholders include Retirement Systems of Alabama (0.07%), DNB Asset Management AS (0.05%), Envestnet Asset Management Inc. (0.04%), Atalanta Sosnoff Capital LLC (0.04%), Nisa Investment Advisors LLC (0.04%) and Gateway Investment Advisers LLC (0.04%). 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 Gateway Investment Advisers LLC, DAVENPORT & Co LLC, Aptus Capital Advisors LLC, Abner Herrman & Brock LLC, Retirement Systems of Alabama, Gradient Investments LLC, State of Alaska Department of Revenue, and Riggs Asset Managment Co. Inc..
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 Harel Insurance Investments & Financial Services Ltd., Atalanta Sosnoff Capital LLC, Hexavest Inc., Douglas Lane & Associates LLC, Avantax Advisory Services Inc., Adams Asset Advisors LLC, Envestnet Asset Management Inc., and CX Institutional. 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 $24.14.

How big of a company is Bank of America?

Bank of America has a market capitalization of $209.15 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 10/20/2020 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.