Bank of America Corporation (BAC)

NYSE: BAC · IEX Real-Time Price · USD
27.38
-0.18 (-0.65%)
At close: Sep 29, 2023, 4:00 PM
27.39
+0.01 (0.04%)
After-hours: Sep 29, 2023, 7:59 PM EDT
-0.65%
Market Cap 217.57B
Revenue (ttm) 100.49B
Net Income (ttm) 28.24B
Shares Out 7.95B
EPS (ttm) 3.48
PE Ratio 7.87
Forward PE 8.58
Dividend $0.96 (3.51%)
Ex-Dividend Date Aug 31, 2023
Volume 34,274,346
Open 27.89
Previous Close 27.56
Day's Range 27.27 - 27.99
52-Week Range 26.32 - 38.60
Beta 1.38
Analysts Buy
Price Target 35.86 (+30.97%)
Earnings Date Oct 17, 2023

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. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indir... [Read more]

Sector Financials
Founded 1784
Employees 217,000
Stock Exchange NYSE
Ticker Symbol BAC
Full Company Profile

Financial Performance

In 2022, BAC's revenue was $94.95 billion, an increase of 6.55% compared to the previous year's $89.11 billion. Earnings were $26.02 billion, a decrease of -14.86%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is $35.86, which is an increase of 30.97% from the latest price.

Price Target
$35.86
(30.97% upside)
Analyst Consensus: Buy
Stock Forecasts

News

US CFTC orders 3 major US banks to pay over $50 mln for swap reporting failures

The U.S. Commodity Futures Trading Commission on Friday ordered Goldman Sachs , Bank of America and JPMorgan to pay a total of over $50 million for swap reporting failures and other violations, the ag...

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12 hours ago - Reuters

Major bank CEOs to visit Capitol Hill to face questions in Senate hearing

CNBC's Emily Wilkins reports on news from Capitol Hill.

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22 hours ago - CNBC Television

U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge...

Other symbols: CFITBGSIBKRLPLAMSOPY
2 days ago - Reuters

Bank of America Chicago Marathon Generates Record-Breaking $386 Million for Chicago Economy in 2022

Event Impact Continues to Drive Tourism Industry, Business, and Job Growth CHICAGO , Sept. 27, 2023 /PRNewswire/ -- The Bank of America Chicago Marathon continues to generate significant impact for th...

3 days ago - PRNewsWire

BofA Survey Finds Many American Workers Optimistic About Their Financial Future, Though Feeling the Strain of Inflation

While Saving for Retirement Remains Top Financial Goal, More Employees Prioritizing Pressing Needs  CHARLOTTE, N.C. , Sept. 26, 2023 /PRNewswire/ -- Bank of America today announced findings from its 1...

4 days ago - PRNewsWire

Eight big banks must face US cities' bond collusion claims

A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond.

Other symbols: BCSCGSJPMMSRYWFC
8 days ago - Reuters

Bank of America will increase their minimum wage to $23 an hour

Bank of America's minimum hourly pay will become $23 once the company's planned increase happens. That $1 bump is slated for U.S. employees in October.

9 days ago - Fox Business

Bank of America Declares Fourth Quarter 2023 Preferred Stock Dividends

CHARLOTTE, N.C. , Sept. 20, 2023 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares...

9 days ago - PRNewsWire

Bank of America to raise minimum wage to $23 an hour in October

Bank of America will boost its minimum hourly wage to $23 in October as it heads toward a goal of raising hourly pay to $25 by 2025, the company said in a statement Wednesday.

9 days ago - Reuters

Bank of America Increases US Minimum Hourly Wage to $23 as Next Step to $25 by 2025

Yearly Minimum Rate of Pay for Full-Time Employees will Increase to Nearly $48,000 CHARLOTTE, N.C. , Sept. 20, 2023 /PRNewswire/ -- Today, Bank of America announced it has again increased its U.S. min...

10 days ago - PRNewsWire

Bank of America's inventor base exceeds 7,000

Located across 42 states and 14 countries, BofA inventors continue to build on its portfolio of more than 6,100 patents and applications. BofA has the most granted U.S. patents out of any financial se...

11 days ago - PRNewsWire

Bank of America Debuts Tool to Digitize Trade Finance

Bank of America has unveiled a platform to help business clients digitize trade finance. The company's CashPro Supply Chain Solutions tool is designed to offer supply chain participants “improved proc...

12 days ago - PYMNTS

BofA Continues to Modernize Trade Finance with the Launch of CashPro® Supply Chain Solutions

Open Account Automation Marks First Phase of a Multi-Year Investment Benefiting All Parties in Supply Chain, Delivering Greater Visibility and Speed NEW YORK and TORONTO , Sept. 18, 2023 /PRNewswire/ ...

12 days ago - PRNewsWire

Enhancements to BofA's CashPro® Chat Create Greater Efficiencies for Business Clients

Integration of Erica® Technology Strengthens Self-Service Capabilities for Over 40,000 Clients Around the World NEW YORK , Sept. 18, 2023 /PRNewswire/ -- Bank of America is elevating the experience of...

12 days ago - PRNewsWire

Bank of America Announces Dividend Correction on Series F and Series G Preferred Stock

CHARLOTTE, N.C. , Sept. 18, 2023 /PRNewswire/ -- Bank of America Corporation today announced a corrected dividend amount on the Floating Rate Non-Cumulative Preferred Stock, Series F and the Adjustabl...

12 days ago - PRNewsWire

Want Income? These 3 Stocks Boosting Their Dividend Payouts

If that sounds appealing, then you may want to take a look at General Mills Inc. NYSE: GIS, Bank of America Co. NYSE: BAC and Skyworks Solutions Inc. NASDAQ: SWKS, all stocks meeting that description.

Other symbols: GISSWKS
12 days ago - MarketBeat

Democrats join GOP, banks in pushing back on proposed bank capital rules

Democrats are increasingly split over the issue of tougher bank regulations, as some of the party's lawmakers join their Republican colleagues and bank executives in questioning whether the Federal Re...

Other symbols: CGSJPMMSWFC
15 days ago - Market Watch

Bank of America waiving $4.95 fee for SafeBalance customers with $500 or more in their account

Bank of America Corp. BAC, +1.72% said Wednesday it will waive the $4.95 monthly fee of its SafeBalance checking account program for accounts with a minimum daily balance of $500 starting in November....

17 days ago - Market Watch

BofA Expands Fee Waivers for SafeBalance® Account

Total Accounts Surpass 5 Million, Including 2 Million Students CHARLOTTE, N.C. , Sept. 13, 2023 /PRNewswire/ -- Bank of America today announced plans to expand the monthly maintenance fee waiver crite...

17 days ago - PRNewsWire

Why large-cap stocks are a better bet for the rest of 2023 — and 10 you want to own

Seasonal tendencies for the U.S. stock market between now and the end of the year will favor large-cap stocks over small caps.

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18 days ago - Market Watch

Bank of America says Q3 investment banking fees down 30%-35% for sector

Investment banking fees are down 30% to 35% in the third quarter from a year earlier for the sector, but Bank of America will fare better than that average, its chief financial officer said on Monday.

18 days ago - Reuters

Jamie Dimon sounds off on bank regulation

CNBC's Leslie Picker joins 'Closing Bell' to discuss comments from JPMorgan Chase CEO Jamie Dimon.

Other symbols: CFCAPFITBGSJPMMSMTB
18 days ago - CNBC Television

Why these investors love bank stocks

Banks currently are the industry group that is most popular with the top-performing newsletters that my auditing firm monitors.

Other symbols: FITBJPMMDCMSONBPNC
18 days ago - Market Watch

7 Best Blue Chip Stocks to Buy Now

Sure, short-term gains from the hip "stock of the moment" can be an exciting roller coaster ride, but if you're a truly savvy investor in 2023, you're going to be hunting for stocks that can provide s...

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22 days ago - MarketBeat

HSBC says buy these big banks

The "Halftime Report" traders debate the biggest analyst calls of the day.

Other symbols: GSMS
22 days ago - CNBC Television