Bank of America Corporation (BAC)
| Market Cap | 338.91B |
| Revenue (ttm) | 94.63B |
| Net Income (ttm) | 21.94B |
| Shares Out | 7.67B |
| EPS (ttm) | 2.75 |
| PE Ratio | 16.08 |
| Forward PE | 12.58 |
| Dividend | $1.04 (2.36%) |
| Ex-Dividend Date | Dec 6, 2024 |
| Volume | 72,765,699 |
| Open | 43.20 |
| Previous Close | 43.38 |
| Day's Range | 43.10 - 44.40 |
| 52-Week Range | 31.27 - 48.08 |
| Beta | 1.34 |
| Analysts | Buy |
| Price Target | 46.22 (+4.64%) |
| Earnings Date | Jan 16, 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 2023, Bank of America's revenue was $95.79 billion, an increase of 3.66% compared to the previous year's $92.41 billion. Earnings were $24.87 billion, a decrease of -4.42%.
Financial StatementsAnalyst Forecast
According to 21 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is $46.22, which is an increase of 4.64% from the latest price.
News
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments n...
CFPB targets Big Banks in lawsuit over alleged fraud on Zelle
The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against major banks JPMorgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC), along with Zelle's operator Early Warning...
US consumer watchdog sues banks over alleged ‘widespread' fraud on Zelle
Lawsuit is part of CFPB's aggressive agenda in reported bid to advance protections before Trump overhauls agency
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and Wells Fargo — alleging that they failed to pro...
U.S. Regulators Sue JPMorgan Chase, Bank Of America And Wells Fargo Over Alleged Fraud On Zelle
Financial regulators on Friday filed a lawsuit against JPMorgan Chase, Bank of America, Wells Fargo and Zelle's parent firm, accusing the companies of failing to protect consumers from “widespread fra...
Citi, Bank of America, Goldman offer strong prospects for 2025, analyst says
KBW praises Citi's value, Goldman's revenue upside and Bank of America's expected net interest income growth.
CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
The Consumer Financial Protection Bureau on Friday sued the operator of the Zelle payments network and the three U.S. banks that dominant transactions on it. The agency alleges that the firms failed t...
My Dividend Stock Portfolio: New November Dividend Record - 97 Holdings With 18 Buys
In November, I invested $1,400 primarily in Business Development Companies, boosting my yearly dividend income by $148, with a YTD total exceeding $1,400. My portfolio achieved all-time highs, driven ...
BofA's Moynihan on Consumer Spending, Fed, Regulation
Bank of America Chairman and CEO Brian Moynihan talks about consumer spending, the need for the Federal Reserve to cut interest rates "a little," and how regulators need to take a closer look at the r...
Berkshire Hathaway For Dividend Investors: My Favorite Buffett Dividend Stock
Warren Buffett's Berkshire Hathaway doesn't pay dividends because Buffett believes his team allocates capital better than individual investors could. Dividend investors seek reliable cash flows for re...
Bank of America CEO on the consumer
Bank of America CEO Brian Moynihan on Tuesday discussed the state of the economy and consumer.
Bank of America CEO Brian Moynihan on the economy, President-elect Trump and regulatory outlook
Bank of America CEO Brian Moynihan joins 'Squawk Box' to discuss the latest market trends, what to expect in 2025, his thoughts on the incoming Trump administration, M&A and regulatory outlook, impact...
Bank of America Declares Preferred Stock Dividends for First Quarter 2025
CHARLOTTE, N.C. , Dec. 16, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares ...
Bank sector could see regulatory reform ahead
CNBC's Leslie Picker reports on news regarding the incoming administration.
2 Ideal Buys From 50 'Safer' Dividends In 100 December Sustainables
Calvert Research and Management ranked the 1,000 largest publicly traded companies by ESG performance, identifying the top 100 sustainable companies for 2024. Among 78 dividend paying sustainable comp...
Bank of America promotes 387 employees to managing director, source says
Bank of America has promoted 387 employees to managing director roles in 2024, 16% more than last year, a person familiar with the matter told Reuters on Wednesday.
BofA CEO says business outlook is brighter under Trump, expects surge in banking, trading revenue
Bank of America expects regulatory changes under President-elect Donald Trump to favor mergers and acquisitions among companies, including banks, CEO Brian Moynihan said on Wednesday.
Bank of America Corporation (BAC) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
Bank of America Corporation (NYSE:BAC) Goldman Sachs 2024 U.S. Financial Services Conference December 11, 2024 1:00 PM ET Company Participants Brian Moynihan - Chairman and CEO Conference Call Partic...
Bank of America Is A 'Buy' Despite Seeming Overvaluation
I believe Bank of America Corporation is poised for growth in 2025 due to a favorable market environment and lower regulation, despite appearing overvalued. Q3 results show solid performance in key se...
Bank of America: Buy Now For Increased Dividends
Financial sector thrives in 2024, boosted by a solid economy, lower inflation, and gradual rate cuts, with Bank of America poised to challenge its all-time high. Trump's election victory and potential...
BofA's CashPro® App Will Surpass a Record $1 Trillion in Payment Approvals for the Year
Clients Turn to Mobile for Added Visibility and Control Over Their Payments NEW YORK , Dec. 10, 2024 /PRNewswire/ -- By the end of 2024, Bank of America corporate clients will have made over $1 Trilli...
5 Relatively Secure And Cheap Dividend Stocks For December 2024: Yields Up To 9%
This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filter...
Paze Checkout Solution Makes Online Shopping Fast and Streamlined for BofA Clients This Holiday Season
CHARLOTTE, N.C. , Dec. 6, 2024 /PRNewswire/ -- In time for the holiday season, all eligible Bank of America credit and debit cards are now enabled with Paze SM, a fast and streamlined online checkout ...
Bank of America builds on partnership with FIFA to become Official Partner of FIFA Club World Cup 2025™
Global financial institution becomes the latest Official Partner of the new 32-team FIFA Club World Cup™ Expanded partnership between Bank of America and FIFA supports the pursuit of excellence and ac...
Buffett's November DiviDog Pile Had No 'Safer' Buys
Berkshire Hathaway's portfolio includes diverse blue chips and lesser-known growth stocks, with 25 dividend-paying stocks analyzed for yield-based investment opportunities. Top Berkshire dividend stoc...