NYSE:BAC - Bank of America Stock Price, News, & Analysis

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$28.40 -0.19 (-0.66 %)
(As of 05/19/2019 03:20 AM ET)
Previous Close$28.40
Today's Range$28.22 - $28.64
52-Week Range$22.66 - $31.91
Volume43.76 million shs
Average Volume45.52 million shs
Market Capitalization$290.92 billion
P/E Ratio10.88
Dividend Yield2.10%
Beta1.49
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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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$110.58 billion
Cash Flow$3.1072 per share
Book Value$23.89 per share

Profitability

Net Income$28.15 billion

Miscellaneous

Employees204,000
Outstanding Shares10,243,690,000
Market Cap$290.92 billion
Next Earnings Date7/15/2019 (Estimated)
OptionableOptionable

Bank of America (NYSE:BAC) Frequently Asked Questions

What is Bank of America's stock symbol?

Bank of America trades on the New York Stock Exchange (NYSE) under the ticker symbol "BAC."

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 Thursday, April 25th. Stockholders of record on Friday, June 7th will be given a dividend of $0.15 per share on Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, June 6th. View Bank of America's Dividend History.

How will Bank of America's stock buyback program work?

Bank of America announced that its Board of Directors has initiated a share buyback plan on Thursday, June 28th 2018, which permits the company to repurchase $20,600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

How were Bank of America's earnings last quarter?

Bank of America Corp (NYSE:BAC) posted its quarterly earnings data on Tuesday, April, 16th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.65 by $0.05. The financial services provider had revenue of $23 billion for the quarter, compared to analyst estimates of $23.24 billion. Bank of America had a net margin of 25.42% and a return on equity of 11.79%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 EPS. View Bank of America's Earnings History.

When is Bank of America's next earnings date?

Bank of America is scheduled to release their next quarterly earnings announcement on Monday, July 15th 2019. View Earnings Estimates for Bank of America.

How can I listen to Bank of America's earnings call?

Bank of America will be holding an earnings conference call on Wednesday, July 17th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

What price target have analysts set for BAC?

15 Wall Street analysts have issued 1-year price objectives for Bank of America's stock. Their predictions range from $28.00 to $40.00. On average, they expect Bank of America's share price to reach $33.0736 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price. View Analyst Price Targets for Bank of America.

What is the consensus analysts' recommendation for Bank of America?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 9 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Bank of America.

Has Bank of America been receiving favorable news coverage?

News articles about BAC stock have trended negative on Sunday, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Bank of America earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave media stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future.

Are investors shorting Bank of America?

Bank of America saw a decline in short interest in April. As of April 15th, there was short interest totalling 69,504,687 shares, a decline of 35.7% from the March 29th total of 108,049,545 shares. Based on an average trading volume of 58,927,260 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.7% of the shares of the company are short sold. 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 General Electric (GE), Citigroup (C), Micron Technology (MU), AT&T (T), JPMorgan Chase & Co. (JPM), Alibaba Group (BABA), Intel (INTC), NVIDIA (NVDA), Wells Fargo & Co (WFC) and 1st Source (SRCE).

Who are Bank of America's key executives?

Bank of America's management team includes the folowing 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)

Who are Bank of America's major shareholders?

Bank of America's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.51%), Wellington Management Group LLP (2.07%), Geode Capital Management LLC (1.14%), Northern Trust Corp (0.98%), Dimensional Fund Advisors LP (0.54%) and Boston Partners (0.48%). Company insiders that own Bank of America stock include Catherine P Bessant, Dean C Athanasia, Donald Alexander Whalen, Frank P Bramble, Louis Robert Nagy and Murray Ross Orr. 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 BlackRock Inc., Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Janus Henderson Group PLC, OZ Management LP, Lourd Capital LLC, Voya Investment Management LLC and Vantage Investment Partners LLC. Company insiders that have sold Bank of America company stock in the last year include Catherine P Bessant and Dean C Athanasia. View Insider Buying and Selling for Bank of America.

Which institutional investors are buying Bank of America stock?

BAC stock was bought by a variety of institutional investors in the last quarter, including Sanders Capital LLC, Natixis, Boston Partners, Charles Schwab Investment Management Inc., USS Investment Management Ltd, SG Americas Securities LLC, SP Asset Management and Clark Capital Management Group Inc.. Company insiders that have bought Bank of America stock in the last two years include Donald Alexander Whalen and Murray Ross Orr. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Bank of America's stock price today?

One share of BAC stock can currently be purchased for approximately $28.40.

How big of a company is Bank of America?

Bank of America has a market capitalization of $290.92 billion and generates $110.58 billion in revenue each year. The financial services provider earns $28.15 billion in net income (profit) each year or $2.61 on an earnings per share basis. Bank of America employs 204,000 workers across the globe.

What is Bank of America's official website?

The official website for Bank of America is http://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]


MarketBeat Community Rating for Bank of America (NYSE BAC)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  1,518 (Vote Outperform)
Underperform Votes:  1,383 (Vote Underperform)
Total Votes:  2,901
MarketBeat's community ratings are surveys of what our community members think about Bank of America and other stocks. Vote "Outperform" if you believe BAC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BAC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/19/2019 by MarketBeat.com Staff

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