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NYSE:BAC

Bank of America Stock Forecast, Price & News

$30.08
-0.86 (-2.78 %)
(As of 01/27/2021 12:27 PM ET)
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Compare
Today's Range
$29.91
Now: $30.08
$30.43
50-Day Range
$28.22
MA: $30.76
$33.99
52-Week Range
$17.95
Now: $30.08
$35.45
Volume1.86 million shs
Average Volume56.67 million shs
Market Capitalization$260.22 billion
P/E Ratio14.89
Dividend Yield2.31%
Beta1.59
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.
Bank of America logo

MarketRank

Overall MarketRank

2.41 out of 5 stars

Finance Sector

52nd out of 1,936 stocks

National Commercial Banks Industry

11th out of 164 stocks

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone704-386-5681
Employees212,505
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$113.59 billion
Cash Flow$3.34 per share
Book Value$26.84 per share

Profitability

Net Income$27.43 billion

Miscellaneous

Outstanding Shares8,650,790,000
Market Cap$260.22 billion
Next Earnings Date4/21/2021 (Estimated)
OptionableOptionable
$30.08
-0.86 (-2.78 %)
(As of 01/27/2021 12:27 PM 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 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 (WHO). Since then, BAC shares have increased by 32.9% and is now trading at $30.12.
View which stocks have been most impacted by COVID-19
.

Is Bank of America a buy right now?

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 2 sell ratings, 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Bank of America stock.
View analyst ratings for Bank of America
or view MarketBeat's top 5 stock picks.

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 past winning trading ideas 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.

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.

When is Bank of America's next earnings date?

Bank of America is scheduled to release its next quarterly earnings announcement on Wednesday, April 21st 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 Tuesday, January, 19th. The financial services provider reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. The financial services provider earned $20.10 billion during the quarter, compared to the consensus estimate of $20.76 billion. Bank of America had a net margin of 19.50% and a trailing twelve-month return on equity of 8.00%. The firm's revenue for the quarter was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS.
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 announced a quarterly dividend on Tuesday, January 19th. Shareholders of record on Friday, March 5th will be given a dividend of $0.18 per share on Friday, March 26th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, March 4th.
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 2.31%. Bank of America does not yet have a strock track record of dividend growth. The dividend payout ratio of Bank of America is 24.49%. 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 32.43% 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 announced that its board has initiated a share buyback program on Tuesday, January 19th 2021, which allows the company to buyback $2,900,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

What price target have analysts set for BAC?

23 equities research analysts have issued 1-year price targets for Bank of America's stock. Their forecasts range from $24.00 to $40.00. On average, they expect Bank of America's stock price to reach $33.08 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price.
View analysts' price targets for Bank of America
or view Wall Street analyst' top-rated stocks.

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 62, Pay $1.83M)
  • Mr. Paul M. Donofrio, Chief Financial Officer (Age 61, Pay $5.85M)
  • Mr. Thomas Kell Montag, COO & Pres of Global Banking and Markets (Age 64, Pay $8.97M)
  • Mr. Dean C. Athanasia, Pres of Consumer & Small Bus. (Age 54, Pay $5.65M)
  • Mr. Geoffrey S. Greener, Chief Risk Officer (Age 56, Pay $5.86M)
  • Ms. Catherine Pombier Bessant, Chief Operations & Technology Officer (Age 61)
  • 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 53)
  • 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 many different institutional and retail investors. Top institutional investors include New York State Teachers Retirement System (0.12%), Retirement Systems of Alabama (0.07%), DNB Asset Management AS (0.05%), Schafer Cullen Capital Management Inc (0.05%), Strs Ohio (0.05%) and Harel Insurance Investments & Financial Services Ltd. (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 major investors are selling Bank of America stock?

BAC stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., New York State Teachers Retirement System, Community Trust & Investment Co., Gillespie Robinson & Grimm Inc., Schafer Cullen Capital Management Inc, Avantax Advisory Services Inc., Strs Ohio, and Cullen Capital Management LLC.
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 purchased by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., DNB Asset Management AS, Clark Capital Management Group Inc., Atalanta Sosnoff Capital LLC, RNC Capital Management LLC, TruWealth Advisors LLC, Simon Quick Advisors LLC, and Crossmark Global Holdings Inc.. 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.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $30.12.

How big of a company is Bank of America?

Bank of America has a market capitalization of $260.56 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 212,505 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 1/27/2021 by MarketBeat.com Staff

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