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NYSE:BAC

Bank of America Stock Forecast, Price & News

$27.39
+0.58 (+2.16 %)
(As of 11/23/2020 12:00 AM ET)
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Today's Range
$27.06
Now: $27.39
$27.52
50-Day Range
$23.47
MA: $25.17
$27.76
52-Week Range
$17.95
Now: $27.39
$35.72
Volume45.17 million shs
Average Volume70.33 million shs
Market Capitalization$236.95 billion
P/E Ratio13.56
Dividend Yield2.69%
Beta1.56
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. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 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$3.75 per share
Book Value$28.37 per share

Profitability

Net Income$27.43 billion

Miscellaneous

Outstanding Shares8,650,790,000
Market Cap$236.95 billion
Next Earnings Date1/20/2021 (Estimated)
OptionableOptionable
$27.39
+0.58 (+2.16 %)
(As of 11/23/2020 12:00 AM 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 20.8% and is now trading at $27.39.
View which stocks have been most impacted by COVID-19
.

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

21 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 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Bank of America
.

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

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) posted its earnings results on Wednesday, October, 14th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.02. The financial services provider had revenue of $20.30 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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, October 21st. Shareholders of record on Friday, December 4th will be paid a dividend of $0.18 per share on Thursday, December 24th. This represents a $0.72 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, December 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 authorized a stock buyback 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 reacquire up to 11.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board believes its stock is undervalued.

What price target have analysts set for BAC?

21 brokerages have issued 12 month target prices for Bank of America's shares. Their forecasts range from $21.00 to $39.00. On average, they expect Bank of America's share price to reach $29.50 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
View analysts' price targets for Bank of America
.

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)
  • Ms. Catherine Pombier Bessant, Chief Operations & Technology Officer (Age 60)
  • Mr. Rudolf A. Bless, Chief Accounting Officer
  • Mr. Matthew M. Koder, Pres of Global Corp. & Investment Banking
  • Ms. Andrea Bradley Smith, Chief Admin. Officer (Age 52)
  • Mr. E. Lee McEntire, Sr. VP of Investor Relations

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 institutional and retail investors. Top institutional investors include Nuveen Asset Management LLC (0.53%), Charles Schwab Investment Management Inc. (0.42%), Boston Partners (0.37%), The Manufacturers Life Insurance Company (0.32%), UBS Asset Management Americas Inc. (0.31%) and Massachusetts Financial Services Co. MA (0.28%). 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 major investors are selling Bank of America stock?

BAC stock was sold by a variety of institutional investors in the last quarter, including Ninety One UK Ltd, KBC Group NV, Charles Schwab Investment Management Inc., The Manufacturers Life Insurance Company, First Trust Advisors LP, Sirios Capital Management L P, Gateway Investment Advisers LLC, and Boston Partners.
View insider buying and selling activity 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 Canyon Capital Advisors LLC, Massachusetts Financial Services Co. MA, Nuveen Asset Management LLC, Thunderbird Partners LLP, M&G Investment Management Ltd., Fisher Asset Management LLC, Harel Insurance Investments & Financial Services Ltd., and Psagot Investment House Ltd.. 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 $27.39.

How big of a company is Bank of America?

Bank of America has a market capitalization of $236.95 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 11/24/2020 by MarketBeat.com Staff

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