Bank of America Corporation (BAC)
| Market Cap | 350.18B |
| Revenue (ttm) | 96.07B |
| Net Income (ttm) | 25.50B |
| Shares Out | 7.61B |
| EPS (ttm) | 3.21 |
| PE Ratio | 14.33 |
| Forward PE | 12.47 |
| Dividend | $1.04 (2.26%) |
| Ex-Dividend Date | Mar 7, 2025 |
| Volume | 34,320,905 |
| Open | 45.88 |
| Previous Close | 46.53 |
| Day's Range | 45.42 - 46.06 |
| 52-Week Range | 33.17 - 48.08 |
| Beta | 1.34 |
| Analysts | Buy |
| Price Target | 48.33 (+5.04%) |
| Earnings Date | Apr 15, 2025 |
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 2024, Bank of America's revenue was $96.07 billion, an increase of 0.29% compared to the previous year's $95.79 billion. Earnings were $25.50 billion, an increase of 2.56%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is $48.33, which is an increase of 5.04% from the latest price.
News
My Dividend Stock Portfolio: New January Dividend Record - 100 Holdings With 14 Buys
January saw solid investment activity with $1,500 in net capital added, primarily into Business Development Companies like Owl Rock Capital, Goldman Sachs BDC, and Blackstone Secured Lending Fund. Div...
Warren Buffett's Berkshire Hathaway slashed its Bank of America stake and dumped bank stocks last quarter
Warren Buffett's Berkshire Hathaway cut its Bank of America stake and other bets last quarter. The investor's company exited two S&P 500 funds and only added one new stock, Constellation Brands.
Berkshire Reduces Stakes in Bank of America, Citigroup, Buys Constellation Brands
Warren Buffett's company kept its stake in Apple unchanged,
Berkshire buys Constellation Brands, cuts big bank holdings
Warren Buffett's Berkshire Hathaway on Friday disclosed a new investment in alcoholic beverages producer Constellation Brands , and said it has reduced its holdings in Citigroup and Bank of America.
Bank of America hires former JPMorgan executive to strengthen private bank, memo says
Bank of America has hired JPMorgan Chase veteran Mike Marino as the Georgia market executive of its private bank, according to an internal memo seen by Reuters on Friday.
Bank of America Corporation (BAC) Bank of America Securities Financial Services Conference (Transcript)
Bank of America Corporation (NYSE:BAC) Bank of America Securities Financial Services Conference February 12, 2025 8:50 AM ET Company Participants Brian Moynihan - Chief Executive Officer Conference C...
Bank of America CEO: Rates are going to stay where they are
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means that the Federal Reserve will probably hold off on cutting its benchmark interest rate.
Bank of America CEO on inflation impact on U.S. economy: ‘Rates are going to stay where they are'
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending so far this year means that the Federal Reserve will probably hold off on cutting its benchmark interest rate. The bank'...
BofA doubles banking team in Switzerland amid shifting regulatory landscape
Bank of America has doubled its banking team in Switzerland, seizing on a potential opportunity to gain market share as bigger Swiss rivals deal with tougher regulation.
Bank of America CEO Brian Moynihan: Our research team has taken all rate cuts off the table
CNBC's Leslie Picker sits down with Bank of America chair and CEO Brian Moynihan to discuss expectations for rates, the potential impact to economy and markets, and more.
Bank of America Corporation (BAC) UBS Financial Services Conference (Transcript)
Bank of America Corporation (NYSE:BAC) UBS Financial Services Conference February 11, 2025 1:50 PM ET Company Participants Holly O'Neill - President, Retail Banking Conference Call Participants Erika...
Bank of America: Corporate Sentiment Reaches Highest Level Since 2004
Bank of America's Corporate Sentiment Score reportedly reached its highest level since the bank began recording it in 2004.
BofA CEO Moynihan's pay increases to $35 million in 2024
Bank of America Corp increased the compensation for Chief Executive Officer Brian Moynihan by roughly 21% to $35 million for 2024, the lender said in a filing on Friday.
BofA to buy $9 bln residential mortgage loan from Canada's TD, source says
Bank of America has agreed to buy a $9 billion portfolio of residential mortgage loans from Canadian lender Toronto-Dominion Bank , a source familiar with the matter said on Friday.
BofA Receives Top Rankings in Digital, Corporate Banking and Cash Management from Crisil Coalition Greenwich
Investments in CashPro® Drive Number 1 Rankings in the Digital Transformation Benchmarking Study Company Named Best Bank for Innovation and Ease of Doing Business Among Other Categories in the Corpora...
Bank stocks pop after Fed releases 'easier' 2025 stress test, plans to make exam more predictable
Bank shares rose Thursday after the Federal Reserve released parameters for its annual industry stress test showing smaller hypothetical shocks to the U.S. economy than in previous years. While still ...
Bank of America Announces Full Redemption of Its Series AA Preferred Stock and Related Depositary Shares
CHARLOTTE, N.C. , Feb. 5, 2025 /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...
US banks say demand for business loans rose in Q4 -Fed survey
U.S. banks say demand for business loans strengthened in the fourth quarter, with the net share of banks reporting an increase turning positive for the first time in two years, a Federal Reserve surve...
4 Banks to Buy Ahead of Trump's Deregulatory Blitz
The Federal Reserve kept rates steady last week, citing the struggle against last-mile inflation and the potential of tariff shocks to influence prices. While Chairman Jerome Powell's news conference ...
Bank of America Names Maria Martinez to Board of Directors
CHARLOTTE, N.C. , Jan. 29, 2025 /PRNewswire/ -- The Bank of America Corporation Board of Directors today appointed Maria Martinez as a director, effective immediately.
Bank of America Declares First Quarter 2025 Stock Dividends
CHARLOTTE, N.C. , Jan. 29, 2025 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.26 p...
Bank of America Announces Redemption of $1,500,000,000 2.015% Fixed/Floating Rate Senior Notes, Due February 2026
CHARLOTTE, N.C. , Jan. 29, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on February 13, 2025, all $1,500,000,000 principal amount outstanding of its 2.015% Fixe...
Bank of America: NII Growth Poised To Accelerate
Bank of America crushed Q4 profit estimates, driven by investment banking and a cautious central bank rate-cutting strategy, positioning it for potential re-rating higher. With deposits at a record $1...