Bank of America Corporation (BAC)
| Market Cap | 325.23B |
| Revenue (ttm) | 94.63B |
| Net Income (ttm) | 21.94B |
| Shares Out | 7.69B |
| EPS (ttm) | 2.75 |
| PE Ratio | 15.39 |
| Forward PE | 12.04 |
| Dividend | $1.04 (2.46%) |
| Ex-Dividend Date | Dec 6, 2024 |
| Volume | 37,072,791 |
| Open | 41.65 |
| Previous Close | 41.76 |
| Day's Range | 41.62 - 42.41 |
| 52-Week Range | 24.96 - 44.44 |
| Beta | 1.34 |
| Analysts | Buy |
| Price Target | 42.97 (+1.58%) |
| Earnings Date | Oct 15, 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, 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 22 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is $42.97, which is an increase of 1.58% from the latest price.
News
Bank of America CEO Brian Moynihan on Australia, US Economy, Fed
Bank of America Corp. Chief Executive Officer Brian Moynihan discusses the state of the US economy, capital markets and Federal Reserve policy. He speaks on "Bloomberg: The Asia Trade" in Sydney durin...
BofA Sees 51% Increase in Companies Leveraging APIs For Real-Time Treasury Needs
Growth Surge Driven by CashPro ® API Network and CashPro Developer Studio NEW YORK and SINGAPORE and LONDON , Oct. 22, 2024 /PRNewswire/ -- The demand for real time data and transaction processing is...
BofA "More Rewards Day" Takes Place Thursday, November 7
Consumer and Small Business Cardholders Automatically Earn Extra Cash Back, Miles or Points as They Prep for the Holiday Season CHARLOTTE, N.C. , Oct. 22, 2024 /PRNewswire/ -- Bank of America announce...
Bank of America: Buffett Selling Should Not Distract From Preferred Share
Bank of America's preferred shares offer attractive fixed dividend yields, especially BAC.PB and BAC.PK, despite loan performance challenges and Warren Buffett selling common shares. The bank's net in...
BofA extends guaranteed FX rate window to a year
Bank of America on Monday extended its guaranteed exchange rates by up to one year, the longest tenor in the industry, in an effort to reduce the risks to cross-currency transactions amid rising volum...
BofA Extends Guaranteed FX Rates Up to 1-Year
Extension Follows Growth In Cross-Border Payments Company Named World's Best Bank for FX Payments NEW YORK and SINGAPORE and LONDON , Oct. 20, 2024 /PRNewswire/ -- Bank of America is simplifying the m...
Bank of America may be looking to drop longtime CEO Brian Moynihan
Inside Bank of America the troops are getting restless, and for plenty of reasons. Culturally, Brian Moynihan is an odd fit for an outfit that's based on wheeling and dealing.
Bank Of America: A 6% Preferred Dividend Yield Remains Attractive
Bank of America's Q3 results show solid net interest income and well-covered preferred dividends, with a net profit of $6.9B and EPS of $0.816. The bank's CET1 ratio remains stable at 11.8%, despite d...
Bank of America Declares Preferred Stock Dividends for Fourth Quarter 2024
CHARLOTTE, N.C. , Oct. 18, 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 of America: Reasonable Value On Upcoming NIM Expansion
Bank of America stock has been fairly lackluster over the past two years or so, trailing close peer JPMorgan significantly in that time. The bank's net interest margin hasn't quite seen the same degre...
Berkshire Sold Bank of America Stock Again. Here's Why.
The sale brought the firm's stake back below 10%.
Buffett's Berkshire continues to reduce Bank of America stake
Billionaire Warren Buffett's Berkshire Hathaway has unloaded more Bank of America stock as it continues to trim stake in the U.S. banking giant, according to a regulatory filing.
Bank of America: Q3 Points To Upside Breakout (Technical Analysis)
Bank of America reported strong 3Q24 results, driven by higher investment banking fees and trading revenues, despite increased loan losses affecting its credit profile. The bank's net interest income ...
Bank of America Declares Fourth Quarter 2024 Stock Dividends
CHARLOTTE, N.C. , Oct. 16, 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 $0.26 p...
Bank of America To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Wednesday
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.
Bank Of America Inflection To Continue Into Q4, Analysts Provide Takeaways From Q3 Results
Bank of America Corp BAC reported upbeat earnings on Tuesday for its third quarter.
Bank of America Q3: Why I Sold Shares After Earnings
Bank of America released its third quarter earnings Yesterday. The release beat expectations on revenue as well as on earnings per share. Shortly after the release came out, I sold 33% of my shares.
Bank of America's Wall Street Bet Pays Off
As interest income rises, BofA also stands to gain from a trading and investment-banking bump.
Bank of America Q3 Earnings: Net Interest Income Finally Rose
Bank of America reported Q3 earnings with a slight stock increase of 0.55%, surpassing most analyst estimates. The key highlight is that net interest income started seeing a sequential recovery of 2%,...
Bank of America CEO: Consumer Spending Results ‘Bodes Well' For Economic Outlook
Interest rate cuts might have been on the mind of the Wall St. analysts gathered for the Bank of America third-quarter earnings call today (Oct. 15), but digital transformation and healthy consumer sp...
Three Things We Learned From Big Bank Q3 Earnings
Large U.S. banks exceeded profit expectations in the third quarter. But most also set aside more money for potential credit losses, a possible warning sign for the economy.
Big banks have reported Q3 earnings: what's next for their stock prices?
Shares of major US banks have shown resilience after reporting their third-quarter financial results, and this momentum may continue through the end of the year and into 2025, according to Anton Schut...
Bank of America Corporation (BAC) Q3 2024 Earnings Call Transcript
Bank of America Corporation (NYSE:BAC) Q3 2024 Results Conference Call October 15, 2024 8:30 AM ET Company Participants Lee McEntire - Investor Relations Brian Moynihan - Chief Executive Officer Alas...
What BofA, Citi, and Goldman earnings signal for banks
Bank of America (BAC), Citigroup (C), and Goldman Sachs (GS) reported earnings before Tuesday's opening bell. Results from big banks show a rise in profit from a year ago, supported by investment bank...