Bank of America Corporation (BAC)
Market Cap | 348.50B |
Revenue (ttm) | 96.07B |
Net Income (ttm) | 25.50B |
Shares Out | 7.61B |
EPS (ttm) | 3.21 |
PE Ratio | 14.26 |
Forward PE | 12.45 |
Dividend | $1.04 (2.27%) |
Ex-Dividend Date | Dec 6, 2024 |
Volume | 28,423,823 |
Open | 46.60 |
Previous Close | 46.66 |
Day's Range | 45.76 - 46.73 |
52-Week Range | 32.35 - 48.08 |
Beta | 1.34 |
Analysts | Buy |
Price Target | 48.33 (+5.55%) |
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 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 5.55% from the latest price.
News
Ignore Buffett And Buy Bank of America (Technical Analysis)
Ignore Warren Buffett's recent sale of Bank of America stock; technicals are bullish, and the stock is undervalued based on P/E and P/B ratios. BofA's chart shows a strong uptrend with multiple suppor...
Banks Kick Q4 Earnings Season Off With A Bang As CEO Sentiment Improves
Banks such as JPMorgan, Citi, and Goldman Sachs started the earnings season off on a positive note when all beat expectations on the top and bottom lines. The pre-peak Late Earnings Report Index fell ...
Bank of America Announces Redemption of $1,500,000,000 Floating Rate Senior Notes, Due February 2026
CHARLOTTE, N.C. , Jan. 21, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on February 5, 2025, all $1,500,000,000 principal amount outstanding of its Floating Rat...
BofA's Moynihan Sees 'Lots of Enthusiasm' for Deals
Bank of America CEO Brian Moynihan discusses the current investment environment and his future at the banking giant. Moynihan speaks on Bloomberg Television at the World Economic Forum's annual meetin...
BofA CEO discusses Trump and the impact on business
At the 2025 World Economic Forum in Davos, Switzerland, Bank of America (BAC) CEO Brian Moynihan sits down with Yahoo Finance Executive Editor Brian Sozzi to discuss President Donald Trump's return to...
BofA CEO says financial industry will jump into crypto payments if regulators allow it
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was...
Bank of America CEO on state of banking industry, regulation outlook and future of crypto
Bank of America CEO Brian Moynihan joins 'Squawk Box' to discuss the state of the banking industry, what to expect under the new Trump administration, future of community banks, M&A outlook, future of...
Bank of America CEO says financial industry will jump into crypto payments if regulators allow it
Bank of America CEO Brian Moynihan said that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was asked b...
What To Expect From Bank Of America Stock In 2025?
Bank of America's stock (NYSE: BAC) posted a better-than-expected set of Q4 2024 earnings, led by stronger investment banking business and higher net interest income. Net profits more than doubled yea...
What We Learned From Big Bank Earnings Last Week
The largest U.S. banks posted substantial fourth-quarter revenue and profit gains thanks to a resurgence in Wall Street dealmaking.
Bank of America: I Was Wrong About Interest Rates (Rating Upgrade)
Bank of America reported strong Q4 earnings, driven by robust investment banking activity, higher NII and a healthy balance sheet. Bank of America also beat earnings and revenue estimates for Q4'24. T...
Bank profit growth is just beginning: CFRA analyst
The financials sector is showcasing a strong earnings performance this season, as major banks Bank of America (BAC), Morgan Stanley (MS), Citigroup (C), JPMorgan Chase & Co. (JPM), Goldman Sachs (GS),...
Jim Cramer breaks down Big Banks earnings
'Mad Money' host Jim Cramer looks at the recent slate of bank earnings.
Bank of America awards stock to employees after strong 2024 performance, memo shows
Bank of America is set to award stock to most of its global employees for the eighth time since 2017, following a robust performance by the second-largest U.S. lender in 2024, according to an internal...
Bank of America Declares Preferred Stock Dividends for First Quarter 2025
CHARLOTTE, N.C. , Jan. 17, 2025 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares ...
Wells Fargo and Merrill Lynch Settle SEC Charges Involving Cash Sweeps
Two Wells Fargo advisory firms and Merrill Lynch have agreed to settle Securities and Exchange Commission (SEC) charges that they violated Advisers Act rules relating to their cash sweeps programs.
KT Law Files $5 Million Deferred Compensation Claim Against Merrill Lynch for ERISA Violations
Merrill Advisors with Losses Over $100,000 Should Contact KlaymanToskes Immediately NEW YORK, NY / ACCESS Newswire / January 17, 2025 / National investment loss and securities attorneys KlaymanToskes ...
Bank of America Corporation (BAC) Q4 2024 Earnings Call Transcript
Bank of America Corporation (NYSE:BAC) Q4 2024 Earnings Conference Call January 1, 2024 11:00 AM ET Company Participants Lee McEntire - Investor Relations Brian Moynihan - Chief Executive Officer Ala...
Bank of America Says 61% of Consumer Sales Are Made Through Digital Channels
Bank of America's fourth quarter earnings, released Thursday (Jan. 16) indicated continued momentum in the digital shift that has now resulted in 61% of its consumer sales made through digital channel...
Bank of America CEO Brian Moynihan: We expect net interest income to increase next year
CNBC's Becky Quick speaks with Brian Moynihan, Bank of America chair and CEO, to discuss the bank's most recent earnings, when increased optimism about business under the new administration will yield...
BofA and Morgan Stanley profits double, 2025 Big Bank trends
Profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled in the fourth quarter, signaling a strong 2024 for Big Banks. Stephen Biggar, director of financial services research at Argu...
Morgan Stanley and BofA report robust Q4 earnings
Big Bank earnings are rolling out this week, with Morgan Stanley (MS) and Bank of America (BAC) more than doubling in quarter four after a spike in dealmaking. Mac Sykes, Gabelli Funds portfolio manag...
Crude Oil Down 1%; Bank of America Posts Upbeat Earnings
U.S. stocks traded mixed midway through trading, with the Dow Jones index gaining around 0.1% on Thursday.
Bank of America Investment Banking Fees Boost 4Q Profit
Bank of America Corp. topped analysts' estimates for fourth-quarter profit as investment-banking fees hit the highest in three years and net interest income outperformed forecasts. Manus Cranny and So...