Bank of America Corporation (BAC)
| Market Cap | 306.83B |
| Revenue (ttm) | 98.14B |
| Net Income (ttm) | 23.35B |
| Shares Out | 7.82B |
| EPS (ttm) | 2.90 |
| PE Ratio | 13.55 |
| Forward PE | 12.13 |
| Dividend | $0.96 (2.44%) |
| Ex-Dividend Date | Jun 7, 2024 |
| Volume | 19,326,279 |
| Open | 39.45 |
| Previous Close | 39.22 |
| Day's Range | 39.16 - 39.49 |
| 52-Week Range | 24.96 - 39.49 |
| Beta | 1.38 |
| Analysts | Buy |
| Price Target | 39.02 (-0.69%) |
| Earnings Date | Jul 16, 2024 |
About BAC
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 inve... [Read more]
Financial Performance
In 2023, BAC's revenue was $98.58 billion, an increase of 3.82% compared to the previous year's $94.95 billion. Earnings were $24.87 billion, a decrease of -4.42%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is $39.02, which is a decrease of -0.69% from the latest price.
News
Bank of America to acquire Washington Federal Bank's $3.2 billion loan portfolio
The Bank of America Corporation (BofA) is set to purchase Washington Federal Bank's portfolio of commercial multi-family real estate loans, valued at $3.2 billion. The announcement was made by Washing...
Bank of America to buy WaFd's multi-family loan portfolio for $2.9 bln
WaFd Inc , the parent of Washington Federal Bank, has agreed to sell a portfolio of commercial multi-family real estate loans to Bank of America for $2.9 billion, it disclosed in a regulatory filing o...
Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years
The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.
Bank of America Announces Full Redemption of its Series JJ Preferred Stock and Series U Preferred Stock and Related Depositary Shares
CHARLOTTE, N.C. , May 16, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Seri...
Final Trades: Bank of America, CrowdStrike, Citigroup & Berkshire Hathaway
The Investment Committee gives you their top stocks to watch for the second half.
BofA Report: 70% of Prospective Homebuyers Feel Renting Could be Detrimental to their Financial Future
More boomers favor renting, with little interest in buying a home CHARLOTTE, N.C., May 15, 2024 /PRNewswire/ -- Many prospective homebuyers fear the long-term consequences of renting, including 70% wh...
Exclusive: Bank of America banker who died had sought to leave, citing long hours, recruiter says
The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executi...
BofA's Moynihan Talks US Economy, Lending and M&A
Bank of America CEO Brian Moynihan discusses the current state of the US economy, recent lending activity and the outlook for M&A with Jonathan Ferro at the “Choose France” summit in Versailles, Franc...
People Are Getting Used to High Interest Rates, Says Bank of America CEO Moynihan
Bank of America CEO Brian Moynihan says Americans are getting used to high interest rates, but people are making adjustments. He speaks to Jonathan Ferro from a summit on French business in Versailles...
Bank of America Recommends Shareholders Reject "Mini-Tender" Offer by Tutanota LLC
CHARLOTTE, N.C. , May 10, 2024 /PRNewswire/ -- Bank of America today announced that it recently learned of an unsolicited "mini-tender" offer made by Tutanota LLC (Tutanota) to Bank of America shareho...
US banks face climate risk data challenges, Fed analysis shows
U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their loan books, the Federal Reserve said on Thursday after its first analysis on the issue.
Bank Of America Stock Is Up 11% YTD, Where Is It Headed?
Bank of America's stock (NYSE: BAC) is up 11% YTD as compared to the 8% rise in the S&P500 index over the same period. Further, at its current price of $37 per share, it is trading 6% below its fair v...
Bank of America Announces Redemption of 0.523% Fixed/Floating Rate Senior Notes Due June 2024
CHARLOTTE, N.C. , May 6, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on May 14, 2024 all $1,500,000,000 principal amount outstanding of its 0.523% Fixed/Floati...
BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year
87% of Mid-Sized Business Owners and 65% of Small Business Owners Expect Revenue Increases Over Next 12 Months CHARLOTTE, N.C. , May 1, 2024 /PRNewswire/ -- A majority of small and mid-sized business...
Seven bank-stock picks as industry nears ‘positive inflections'
There are always doom-and-gloom warnings in the financial media that the stock market is headed for a tumble, regardless of market conditions. These days, some warnings center on stock valuations appe...
Bank of America Declares Second-Quarter 2024 Stock Dividends
CHARLOTTE, N.C. , April 25, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.24 ...
Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Shareholders at annual meetings on Wednesday rejected separate proposals at Goldman Sachs Group Inc. and Bank of America Corp. to separate the roles of chair and chief executive at the banks.
Goldman Sachs, Bank of America shareholders reject plan to split CEO, chair roles
At Goldman's annual shareholder meeting, the proposal by the conservative-leaning National Legal and Policy Center garnered 33% of shareholder votes, according to a preliminary tally, compared with 16...
Bank of America shareholders reject proposal to split CEO, chair roles
Bank of America shareholders rejected a proposal to divide the CEO and chairman roles held by Brian Moynihan on Wednesday at the company's virtual annual meeting.
Goldman Sachs, BofA shareholders reject proposals for CEO-chair split
Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy advisers to bolster corp...
Regulators probe potential use by big banks of nondisclosure agreements to discourage whistleblowers: report
Some of the largest U.S. banks are being asked by the Commodities Futures Trading Commission to provide details about nondisclosure agreements for employees in an effort to protect potential whistlebl...
Goldman and BofA face renewed calls to split CEO, chairman's roles
Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman's roles, in an effort to improve the com...
Grants to Preserve Historic Art Awarded in 11 Countries by BofA
24 Museums around the world to receive critical conservation funding CHARLOTTE, N.C. , April 17, 2024 /PRNewswire/ -- Twenty-four cultural institutions have been named as grant recipients of the 2024...
Bank of America CEO talks earnings, consumer spending, and inflation
Bank of America (BAC) reported better-than-expected first quarter earnings on Tuesday, though its net interest income fell 3% from a year ago. Bank of America CEO Brian Moynihan joined Yahoo Finance E...
Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 3.841% Fixed/Floating Rate Senior Notes Due April 2025
CHARLOTTE, N.C. , April 17, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 25, 2024 all $500,000,000 principal amount outstanding of its Floating Rate Se...