Bank of America Corporation (BAC)
| Market Cap | 301.68B |
| Revenue (ttm) | 98.58B |
| Net Income (ttm) | 24.87B |
| Shares Out | 7.87B |
| EPS (ttm) | 3.08 |
| PE Ratio | 12.44 |
| Forward PE | 12.10 |
| Dividend | $0.96 (2.51%) |
| Ex-Dividend Date | Feb 29, 2024 |
| Volume | 24,348,294 |
| Open | 38.02 |
| Previous Close | 38.37 |
| Day's Range | 38.00 - 38.50 |
| 52-Week Range | 24.96 - 38.50 |
| Beta | 1.39 |
| Analysts | Buy |
| Price Target | 38.87 (+1.44%) |
| Earnings Date | Apr 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 17 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is $38.87, which is an increase of 1.44% from the latest price.
News
Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Shareholders at annual meetings on Wednesday rejected separate proposals at Goldman Sachs Group Inc. and Bank of America Corp. to separate the roles of chair and chief executive at the banks.
Goldman Sachs, Bank of America shareholders reject plan to split CEO, chair roles
At Goldman's annual shareholder meeting, the proposal by the conservative-leaning National Legal and Policy Center garnered 33% of shareholder votes, according to a preliminary tally, compared with 16...
Bank of America shareholders reject proposal to split CEO, chair roles
Bank of America shareholders rejected a proposal to divide the CEO and chairman roles held by Brian Moynihan on Wednesday at the company's virtual annual meeting.
Goldman Sachs, BofA shareholders reject proposals for CEO-chair split
Goldman Sachs and Bank of America shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from influential proxy advisers to bolster corp...
Regulators probe potential use by big banks of nondisclosure agreements to discourage whistleblowers: report
Some of the largest U.S. banks are being asked by the Commodities Futures Trading Commission to provide details about nondisclosure agreements for employees in an effort to protect potential whistlebl...
Goldman and BofA face renewed calls to split CEO, chairman's roles
Goldman Sachs and Bank of America will face challenges on Wednesday as proxy advisers recommend investors vote for the banks to separate their CEO and chairman's roles, in an effort to improve the com...
Grants to Preserve Historic Art Awarded in 11 Countries by BofA
24 Museums around the world to receive critical conservation funding CHARLOTTE, N.C. , April 17, 2024 /PRNewswire/ -- Twenty-four cultural institutions have been named as grant recipients of the 2024...
Bank of America CEO talks earnings, consumer spending, and inflation
Bank of America (BAC) reported better-than-expected first quarter earnings on Tuesday, though its net interest income fell 3% from a year ago. Bank of America CEO Brian Moynihan joined Yahoo Finance E...
Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 3.841% Fixed/Floating Rate Senior Notes Due April 2025
CHARLOTTE, N.C. , April 17, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 25, 2024 all $500,000,000 principal amount outstanding of its Floating Rate Se...
Bank deposits are 'the bogeyman' that could be a long-term problem, analyst says
Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major fina...
Consumer spending has slowed but is hanging in there, says BofA CEO Brian Moynihan
Brian Moynihan, Bank of America CEO, joins 'Closing Bell' to discuss company earnings, the state of the consumer and company outlook.
BAC Posts a Beat: Big Bank Earnings So Far
Bank of America (BAC) posts a beat on earnings and interest income. Morningstar's Suryansh Sharma and Hennessy Large and Small Cap Financial Funds' David Ellison discuss the takeaways from 1Q bank ear...
Bank earnings underscore the 'resurgence' of capital markets, analyst says
Morgan Stanley (MS) and Bank of America (BAC) have reported their first quarter earnings, beating expectations on the top and bottom lines. Bank of America posted revenue of $25.82 billion, surpassing...
Big banks led by Citi continue layoffs amid pressure to cut costs
U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.
Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
Bank of America's first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4 billion digital logins; digital sales represented 50% o...
Bank of America, Morgan Stanley report Q1 earnings beat
CNBC's Leslie Picker reports on the latest bank earnings.
Morgan Stanley and Bank of America: CFRA's Ken Leon on key takeaways from big bank earnings
Ken Leon, CFRA director of equity research, joins 'Squawk Box' to discuss his takeaways from Morgan Stanley and Bank of America's earnings.
Senators Ask Bank Of America For Details About Leon Black's Payments To Jeffrey Epstein, Report Says
The Senate Finance Committee has asked Bank of America to provide details about its handling of millions of dollars in fees made by billionaire private equity investor Leon Black to disgraced financie...
Bank of America Posts Better-Than-Forecast Earnings, Net Interest Income
Bank of America (BAC) on Tuesday posted better-than-expected first-quarter results, including net interest income, a key profitability metric that has dogged its peers in the past week.
Bank of America tops estimates on better-than-expected interest income - investment banking
CNBC's Leslie Picker joins ‘Squawk Box' to report on Bank of America's quarterly earnings results.
Bank of America Q1 earnings: net income hits record $3.1B, BAC shares up
Today, on 16th April Bank of America's earnings report for the first quarter of 2024 was published on its official website.Bank of America reported a net income of $3.1 billion, or $0.35 per diluted s...
Bank of America 1Q Trading Revenue, Net Interest Income Top Expectations
Bank of America reported first-quarter results that saw net interest income FTE of $14.19 billion and a rebound in investment banking. Sonali Basak breaks down the numbers on Bloomberg Television.
Higher deposit costs will weigh on the big banks, says Stephen Biggar
Stephen Biggar, Director of Financial Institutions Research at Argus Research, discusses earnings from Bank of America and Morgan Stanley.
Bank of America profit falls on lower customer interest payments
Bank of America's profit fell on Tuesday as the lender earned less from customer interest payments.