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bac-img

Bank of America Corp, Common Stock

BAC

NYQ

$36.88

-$0.07

(-0.19%)

1D
Industry: Banks Sector: Financials

Analyst Forecast

Price Chart

Key Metrics

Market Cap info-icon
This is a company’s total value as determined by the stock market. It is calculated by multiplying the total number of a company's outstanding shares by the current market price of one share.
$288.30B
P/E Ratio info-icon
This is the ratio of a security’s current share price to its earnings per share. This ratio determines the relative value of a company’s share.
11.89
Volume info-icon
This is the total number of shares traded during the most recent trading day.
34.78M
Avg Volume info-icon
This is the average number of shares traded during the most recent 30 days.
41.34M
Dividend Yield info-icon
This ratio shows how much income you earn in dividend payouts per year for every dollar invested in the stock (or the stock’s annual dividend payment expressed as a percentage of its current price).
2.6%
Beta info-icon
This measures the expected move in a stock’s price relative to movements in the overall market. The market, such as the S&P 500 Index, has a beta of 1.0. If a stock has a Beta greater (or lower) than 1.0, it suggests that the stock is more (or less) volatile than the broader market.
1.39
52-week Range info-icon
This shows the range of the stock’s price between the 52-week high (the highest price of the stock for the past 52 weeks) and the 52-week low (the lowest price of the stock for the past 52 weeks).
$24.59 L
$38.49 H
$36.88

About Bank of America Corp, Common Stock

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 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, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina. more

Industry: BanksSector: Financials

Returns

Time FrameBACSectorS&P500
1-Week Return-2.72%-1.03%-0.57%
1-Month Return-1.13%-2.9%-3.56%
3-Month Return10.96%4.19%1.57%
6-Month Return35.54%22.41%17.06%
1-Year Return35.12%27.38%23.68%
3-Year Return-2.01%17.46%25.28%
5-Year Return36.83%61%86.73%
10-Year Return194.52%242.14%220.58%

Financials

Dec '19Dec '20Dec '21Dec '22Dec '235YR TREND
Total Revenue85.58B74.21B89.11B94.95B98.58B[{"date":"2019-12-31","value":86.81,"profit":true},{"date":"2020-12-31","value":75.28,"profit":true},{"date":"2021-12-31","value":90.4,"profit":true},{"date":"2022-12-31","value":96.32,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Cost of Revenue--(4.59B)2.54B4.39B[{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":-104.55,"profit":false},{"date":"2022-12-31","value":57.87,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Gross Profit85.58B74.21B93.71B92.41B94.19B[{"date":"2019-12-31","value":90.86,"profit":true},{"date":"2020-12-31","value":78.79,"profit":true},{"date":"2021-12-31","value":99.49,"profit":true},{"date":"2022-12-31","value":98.11,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Gross Margin100.00%100.00%105.16%97.32%95.54%[{"date":"2019-12-31","value":95.1,"profit":true},{"date":"2020-12-31","value":95.1,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":92.55,"profit":true},{"date":"2023-12-31","value":90.86,"profit":true}]
Operating Expenses52.83B55.21B59.73B61.44B65.84B[{"date":"2019-12-31","value":80.23,"profit":true},{"date":"2020-12-31","value":83.85,"profit":true},{"date":"2021-12-31","value":90.71,"profit":true},{"date":"2022-12-31","value":93.31,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Operating Income32.75B19.00B33.98B30.97B28.34B[{"date":"2019-12-31","value":96.4,"profit":true},{"date":"2020-12-31","value":55.91,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":91.15,"profit":true},{"date":"2023-12-31","value":83.42,"profit":true}]
Total Non-Operating Income/Expense81.64B62.35B76.91B83.43B85.27B[{"date":"2019-12-31","value":95.75,"profit":true},{"date":"2020-12-31","value":73.12,"profit":true},{"date":"2021-12-31","value":90.19,"profit":true},{"date":"2022-12-31","value":97.84,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]
Pre-Tax Income32.75B19.00B33.98B30.97B28.34B[{"date":"2019-12-31","value":96.4,"profit":true},{"date":"2020-12-31","value":55.91,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":91.15,"profit":true},{"date":"2023-12-31","value":83.42,"profit":true}]
Income Taxes5.32B1.10B2.00B3.44B1.83B[{"date":"2019-12-31","value":100,"profit":true},{"date":"2020-12-31","value":20.68,"profit":true},{"date":"2021-12-31","value":37.53,"profit":true},{"date":"2022-12-31","value":64.63,"profit":true},{"date":"2023-12-31","value":34.32,"profit":true}]
Income After Taxes27.43B17.89B31.98B27.53B26.52B[{"date":"2019-12-31","value":85.78,"profit":true},{"date":"2020-12-31","value":55.96,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":86.08,"profit":true},{"date":"2023-12-31","value":82.92,"profit":true}]
Income From Continuous Operations27.43B17.89B31.98B27.53B26.52B[{"date":"2019-12-31","value":85.78,"profit":true},{"date":"2020-12-31","value":55.96,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":86.08,"profit":true},{"date":"2023-12-31","value":82.92,"profit":true}]
Income From Discontinued Operations-----[{"date":"2019-12-31","value":"-","profit":true},{"date":"2020-12-31","value":"-","profit":true},{"date":"2021-12-31","value":"-","profit":true},{"date":"2022-12-31","value":"-","profit":true},{"date":"2023-12-31","value":"-","profit":true}]
Net Income27.43B17.89B31.98B27.53B26.52B[{"date":"2019-12-31","value":85.78,"profit":true},{"date":"2020-12-31","value":55.96,"profit":true},{"date":"2021-12-31","value":100,"profit":true},{"date":"2022-12-31","value":86.08,"profit":true},{"date":"2023-12-31","value":82.92,"profit":true}]
EPS (Diluted)2.771.843.333.243.42[{"date":"2019-12-31","value":80.99,"profit":true},{"date":"2020-12-31","value":53.8,"profit":true},{"date":"2021-12-31","value":97.37,"profit":true},{"date":"2022-12-31","value":94.74,"profit":true},{"date":"2023-12-31","value":100,"profit":true}]

Ratios

Liquidity

These ratios help you determine the liquidity of the company. Higher is better.

BAC
Cash Ratio 0.31
Current Ratio 1.02
Quick Ratio 1.42

Asset Efficiency

These ratios help you understand the company's efficiency in using its assets to generate returns. Higher is better. For ROE, average long term is around 14%, less than 10% is poor.

BAC
ROA (LTM) 0.77%
ROE (LTM) 8.72%

Liabilities

These ratios help you understand the company's liabilities, gauging the riskiness of the investment.

BAC
Debt Ratio Lower is generally better. Negative is bad. 0.91
Common Equity/Total Assets Higher is better. Lower can suggest investment is riskier. 0.09
Debt/Equity The higher the number, the more leverage the business employs, the riskier the investment typically is. 10.90

Valuation

These ratios help you understand the company's valuation. Lower may indicate cheaper stocks.

BAC
Trailing PE 12.74
Forward PE 11.09
P/S (TTM) 3.00
P/B 1.07
Price/FCF NM
EV/R 0.00
EV/Ebitda NM
PEG NM

News

‘Keep on Buying,’ Says Bank of America About Super Micro Computer Stock

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3 May, 2024 a 12:29 am TipRanks

Bank of America Ups Stake in Drax Group PLC

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2 May, 2024 a 2:47 pm TipRanks

Bank of America Alters Stake in Johnson Matthey PLC

Johnson Matthey (Uk) (GB:JMAT) has released an update. Johnson Matthey PLC has notified a significant change in shareholding after Bank of America …

2 May, 2024 a 8:17 am TipRanks

Amazon stock has 17% upside as earnings reveal a ‘new era’ of profits for the tech titan, Bank of America says

Bank of America boosted Amazon''s price target after earnings to $210, eyeing 17% upside from Wednesday''s price levels. The confidence was largely driven by accelerating growth of AWS and increased retail margins. Amazon''s Q2 guidance slightly fell short of Wall Street''s expectations, but Bofa still sees upside ahead. Amazon stock could soar as its latest earnings herald a "new era" of profits for the tech behemoth, according to Bank of America. Bank of America analysts bumped up their price target for Amazon shares to $210 from $204, marking a 17% jump from Wednesday afternoon prices around $178, thanks to the tech giant''s estimate-beating earnings in the first quarter. In a note sent to clients on Wednesday, Bofa''s global research team led by Justin Post highlighted a major positive sign from the CEO''s earnings call: Margins can continue to expand despite the company ramping up its investment. Analysts said "a new era for retail profitability" could be dawning for Amazon. The bank said they remain optimistic about the two key stock drivers for the company: accelerating AWS growth that''s outperformed peers, and the potential higher retail profit margins as Amazon expands.

1 May, 2024 a 7:54 pm Business Insider Nederlands

Analyst Upgrades: 3 Stocks That the Pros Can’t Stop Raving About

Sell-side analysts have ratings on specific stocks, and based on them, they recommend to clients whether they should buy, sell or stay away from them. Analyst upgrades and downgrades can significantly influence the stock market, affecting both stocks with analyst upgrades, individual stock prices and broader market sentiment. For example, when an analyst upgrades a stock, he/she is suggesting a stronger performance or more favorable outlook than previously anticipated. As a result, this action often leads to an immediate increase in the stock price. That happens because the upgrade is seen as a validation of the company’s potential, making the stock more attractive to investors. Conversely, a downgrade can lead to a quick decline in the stock price, as it signals concerns about the company’s prospects or macro headwinds. Upgrades and downgrades also affect overall investor sentiment. An upgrade can boost confidence, leading more investors to buy into not only the specific stock but sometimes also the sector or the market as a whole.

1 May, 2024 a 6:38 pm InvestorPlace

Profit from the Panic: 3 Stocks to Pounce on When They Become Steals

To paraphrase Rudyard Kipling, the secret to success in the stock market is to “keep your head when all about you are losing theirs.” When everyone is panicking and sending the market lower, that’s the time for you to be cool as a cucumber and look for stocks to buy on dips. Finding stocks to buy on dips in the broader market is where profits are made. Yet it’s not easy to do in practice. Most people will think “what do they know that I don’t?” While Kipling also said to “make allowance for their doubt,” investors need to realize that market crashes are where you’re able to buy low so that you can sell high later. Below are three stocks where you can profit from the panic of others. If their prices become steals, they are surefire stocks to buy on the dip. Bank of America (BAC) Source: Tero Vesalainen/Shutterstock Having advantages beyond just getting bailed out by taxpayers, being too big to fail comes with its perks. It means you can live to fight another day and become a larger, more integral part of the banking system.

1 May, 2024 a 5:41 pm InvestorPlace

Bank of America Weighs in on AMD Stock Amid Post-Earnings Slump

Sometimes good is not good enough. Advanced Micro Devices (NASDAQ:AMD) posted beats on both the top-and bottom-line in its Q1 readout whilst also m…

1 May, 2024 a 5:24 pm TipRanks

VIK Stock IPO: 7 Things to Know as Viking Holdings Starts Trading Today

Wall Street is abuzz over the Viking Holdings (NYSE: VIK ) stock initial public offering (IPO) as the cruise operator begins trading today. With the offering, Viking raised $1.54 billion on about 64 million shares , implying a valuation of about $10.3 billion. This makes it one of the largest U.S. stock market debuts so far this year. Viking priced its IPO close to the top end of its range at $24 per share. The company is set to begin trading later today, as investors eagerly await the chance to grab up one of the most promising offerings in recent memory. Viking is perhaps best-known for art and history-rich river tours throughout much of Europe, although its fleet now expands across the globe. Despite the expansion, Viking still primarily appeals to older, wealthier travelers seeking a more luxury experience. “We maintain a clear focus on our most relevant customer group: English-speaking travelers aged 55 years old and over, who have the time, money and desire to explore the world,” wrote Viking founder and CEO Torstein Hagen . “We do not try to be all things to all people, which is why we only offer a single-language experience on board our ships; there are no casinos; and children under 18 are not allowed.” So, what do you need to know about Viking ahead of its stock market debut? 7 Things to Know About the VIK Stock IPO Viking will trade on the New York Stock Exchange later on Wednesday, May 1, under the “VIK” ticker symbol.

1 May, 2024 a 4:35 pm InvestorPlace

Bank of America’s Major Stake in Drax Group

Drax Group plc (GB:DRX) has released an update. Drax Group PLC has reported a significant change in share ownership as Bank of America Corporation …

1 May, 2024 a 1:45 pm TipRanks

FAQs

What is Bank of America Corp share price today?

Bank of America Corp (BAC) share price today is $36.88

Can Indians buy Bank of America Corp shares?

Yes, Indians can buy shares of Bank of America Corp (BAC) on Vested. To buy Bank of America Corp from India, you can open a US Brokerage account on Vested today by clicking on Sign Up or Invest in BAC stock at the top of this page. The account opening process is completely digital and secure, and takes a few minutes to complete.

Can Fractional shares of Bank of America Corp be purchased?

Yes, you can purchase fractional shares of Bank of America Corp (BAC) via the Vested app. You can start investing in Bank of America Corp (BAC) with a minimum investment of $1.

How to invest in Bank of America Corp shares from India?

You can invest in shares of Bank of America Corp (BAC) via Vested in three simple steps:

  • Click on Sign Up or Invest in BAC stock at the top of this page
  • Breeze through our fully digital and secure KYC process and open your US Brokerage account in a few minutes
  • Transfer USD funds to your US Brokerage account and start investing in Bank of America Corp shares
What is Bank of America Corp 52-week high and low stock price?

The 52-week high price of Bank of America Corp (BAC) is $38.49. The 52-week low price of Bank of America Corp (BAC) is $24.59.

What is Bank of America Corp price-to-earnings (P/E) ratio?

The price-to-earnings (P/E) ratio of Bank of America Corp (BAC) is 11.89

What is Bank of America Corp price-to-book (P/B) ratio?

The price-to-book (P/B) ratio of Bank of America Corp (BAC) is 1.07

What is Bank of America Corp dividend yield?

The dividend yield of Bank of America Corp (BAC) is 2.6%

What is the Market Cap of Bank of America Corp?

The market capitalization of Bank of America Corp (BAC) is $288.30B

What is Bank of America Corp’s stock symbol?

The stock symbol (or ticker) of Bank of America Corp is BAC

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