Bank of America Corporation (BAC)
| Market Cap | 320.09B |
| Revenue (ttm) | 98.14B |
| Net Income (ttm) | 23.35B |
| Shares Out | 7.82B |
| EPS (ttm) | 2.90 |
| PE Ratio | 14.11 |
| Forward PE | 12.35 |
| Dividend | $0.96 (2.35%) |
| Ex-Dividend Date | Jun 7, 2024 |
| Volume | 34,465,761 |
| Open | 40.00 |
| Previous Close | 40.01 |
| Day's Range | 39.96 - 40.96 |
| 52-Week Range | 24.96 - 40.96 |
| Beta | 1.36 |
| Analysts | Buy |
| Price Target | 40.24 (-1.69%) |
| 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 19 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is $40.24, which is a decrease of -1.69% from the latest price.
News
Analyst Downgrades Goldman and Upgrades BofA. Here's Why.
The industry's deposit growth is faring better than expected, an analyst says.
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
Bank of America, JPMorgan, Goldman Raise Investor Payouts Post-Stress Tests
Here is a rundown of some of the Friday announcements from U.S. banks that were subject to this week's stress tests.
JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps
JPMorgan said it was raising its quarterly dividend 8.7% to $1.25 per share and that it authorized a new $30 billion share repurchase program. Morgan Stanley said it was boosting its dividend 8.8% to ...
Top U.S. banks hike dividends after sailing through Fed's stress test
U.S. banking giants announced plans to raise their third-quarter dividends on Friday after proving that they have enough capital to withstand severe economic and market turmoil in the Federal Reserve'...
Bank of America Comments on Stress Test Results; Plans to Increase Quarterly Dividend 8% to $0.26 Per Share
CHARLOTTE, N.C. , June 28, 2024 /PRNewswire/ -- Bank of America today commented on the results of the Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CCAR) and announced plans to inc...
U.S. banks are in a good and resilient place, says Wells Fargo's Mike Mayo
Mike Mayo, Wells Fargo, joins 'Closing Bell' to discuss big banks stress tests and his outlook for the sector.
Ten big banks settle US interest rate swaps rigging litigation
Ten large banks including Bank of America , Goldman Sachs and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion ...
Piper Sandler's Scott Siefers on key takeaways from stress test results
Scott Siefers, Piper Sandler senior research analyst, joins 'Money Movers' to discuss his key takeaways from the annual stress test results.
US banks weather Fed's annual stress test, but risks rise
Big U.S. banks had enough capital to weather a potentially severe economic downturn but some of their risky businesses could hypothetically take a major hit this year, according to results of the Fede...
Big US banks withstand Fed's commercial real estate shock scenario
Big U.S. banks survived a hypothetical 40% drop in commercial real estate values as a part of the U.S. Federal Reserve's annual health test, easing fears about the banking sector as landlords struggle...
Bank stocks very well positioned headed into quarterly earnings, says KBW's Tom Michaud
Tom Michaud, KBW CEO, joins 'Fast Money' with reaction to results of the Federal Reserve's bank stress test.
Banks are more focused on credit than rates, says Hennessy Fund's David Ellison
David Ellison, Hennessy Funds Portfolio Manager and Gerard Cassidy, RBC Capital Markets Managing Director, joins 'Closing Bell Overtime' to talk the Fed's bank stress test.
Biggest US Banks Pass Fed's Annual Stress Test
The biggest US banks stayed above the Federal Reserve's minimum capital requirements during a hypothetical recession. Altogether, the group would take nearly $685 billion in losses, driving a larger d...
Fed on stress test: All banks tested remained above minimum capital requirements
CNBC's Leslie Picker joins 'Closing Bell Overtime' with breaking news on the Fed's bank stress test results.
US banks suffer steeper losses, but retain large cushions in annual Fed health check
The biggest U.S. banks would have enough capital to withstand severe economic and market turmoil, the Federal Reserve's annual "stress test" exercise showed on Wednesday, but firms faced steeper hypot...
Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn
The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario. Each of the 31 banks in this year's regulatory exercise cleared ...
Biggest Banks Can Withstand Severe Downturn, $685 Billion in Losses, Fed Says
WASHINGTON—Big U.S. banks passed their latest annual stress test, with the Federal Reserve finding they would be able to continue lending to households and businesses in a severe recession, even while...
US Banks Are in Very Good Shape, Michaud Says
Keefe, Bruyette & Woods Chief Executive Officer Tom Michaud says Federal Reserve stress tests will show that US banks are in "very good shape." He speaks on "Bloomberg Surveillance.
Big US banks expected to be cautious on shareholder payouts after stress tests
Big U.S. lenders are expected to show they have ample capital to weather any renewed turmoil during this week's Federal Reserve health checks, but will be conservative on investor payouts amid economi...
Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American lenders. The Federal Reserve and the Federal Deposit Insurance Corporati...