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Bank of America Corporation (BAC)

Stock Price: $37.70 USD -0.26 (-0.68%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
After-hours: $37.67 -0.03 (-0.08%) Jul 23, 7:59 PM
Market Cap 319.97B
Revenue (ttm) 85.58B
Net Income (ttm) 20.49B
Shares Out 8.70B
EPS (ttm) 3.00
PE Ratio 12.57
Forward PE 12.63
Dividend $0.72
Dividend Yield 1.91%
Trading Day July 23
Last Price $37.70
Previous Close $37.96
Change ($) -0.26
Change (%) -0.68%
Day's Open 38.11
Day's Range 37.56 - 38.27
Day's Volume 48,659,409
52-Week Range 22.60 - 43.49

News

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The big bank reported a rare revenue miss, but that doesn't tell the full story.

11 hours ago - The Motley Fool

History is not the market's friend in the near term, but it's a big-time ally of long-term investors.

Other stocks mentioned: PING, ZM
12 hours ago - The Motley Fool

Top Stock Picks for Week of JULY 23, 2021

Other stocks mentioned: ADBE, APPS, C, FB, FDX, FL, GOOGL ...
17 hours ago - Zacks Investment Research

Many analysts figured banks were due for a belt-tightening this year after America's biggest lenders splurged to keep their operations running.

Other stocks mentioned: C, GS, JPM, MS, WFC
1 day ago - The Motley Fool

If high inflation continues, higher interest rates could soon follow. These seven value stocks may see a boost if that happens.

Other stocks mentioned: ALL, BNS, CB, MO, WFC, XOM
2 days ago - InvestorPlace

Bank of America has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $32.99B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including a strong 2.18...

2 days ago - Forbes

These five holdings account for 88% of Berkshire Hathaway's unrealized gains.

Other stocks mentioned: AAPL, AXP, KO, MCO
2 days ago - The Motley Fool

Stock sell-offs can seem scary but if you avoid the common mistakes, you can grab buying opportunities.

Other stocks mentioned: DE, MU, PXD, SQ
3 days ago - Zacks Investment Research

Value stocks that are trading at a lower price and destined to rise can bring strong returns. But not every discounted stock is a buy.

Other stocks mentioned: FDS, SNDL, TSLA
3 days ago - InvestorPlace

In the second quarter, Wells Fargo reported its lowest quarterly expenses in more than a year, as well as an improved efficiency ratio.

Other stocks mentioned: WFC
3 days ago - The Motley Fool

Square Inc (NYSE: SQ) took its next step towards expanding beyond payment processing as it launched banking services for small businesses on Tuesday. On top of Square Loans, the American financial servi...

Other stocks mentioned: C, GS, JPM, MS, SQ, WFC
4 days ago - Invezz

The financial sector, which accounts for around one-fifth of the S&P 500 Index, had a decent Q2.

Other stocks mentioned: C, GS, IAI, IYG, JPM, KBWB, MS ...
4 days ago - Zacks Investment Research

Investors may have "sold the news" with bank stocks after their quarterly results, but many factors still make these seven names appealing. The post 7 Best Bank Stocks to Buy Following Q2 Earnings Headl...

Other stocks mentioned: C, GS, JPM, MS, USB, WFC
4 days ago - InvestorPlace

We're seeing profit-taking in big banks, including BAC stock. However, this run still has a lot further to go thanks to the sizzling economic reopening.

5 days ago - InvestorPlace

Bank stocks rallied too far. They are great companies with fortress financial statements, so buy the dip with confidence later this year.

Other stocks mentioned: JPM, XLF
5 days ago - InvestorPlace

With second-quarter earnings season now underway, let's take a closer look at how the group of big banks performed during the period. The post Here's How the Big Banks' Earnings Stacked Up appeared firs...

Other stocks mentioned: C, JPM, MS, WFC
5 days ago - InvestorPlace

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America today announced the launch of the Bank of America Unlimited Cash Rewards credit card, which allows clients to earn unlimited 1.5% cash back on all purch...

5 days ago - Business Wire

The bank didn't see loan growth explode in the second quarter, but things continue to move in the right direction.

1 week ago - The Motley Fool

Another earnings season descended upon Wall Street this week, with bank stocks leading the charge.

Other stocks mentioned: GS, JPM, MS, SCHW
1 week ago - Schaeffers Research

Bank of America saw its net interest margin on loans shrink to 1.61%. But borrowers were paying back the loans, and wealth management was strong.

1 week ago - InvestorPlace

(Reuters) -The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling COVID-19 cases in major financial hubs, after sending most employees home...

Other stocks mentioned: C, GS, JPM, MS, WFC
1 week ago - Reuters

Banks have been on a shopping spree for the past year — and that's raising some alarm bells in Washington.

Other stocks mentioned: C, GS, JPM, MS, WFC
1 week ago - CNN Business

We're about halfway through trading today and that means it's time for a market update. Today's focus is the 10 most active stocks on Friday.

Other stocks mentioned: AAPL, ABEV, AMC, F, GE, MRNA, NIO ...
1 week ago - InvestorPlace

Q2 earnings begin on a positive note with major banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC), PNC Financial (PNC) & Truist (TFC) outpacing estimates, mainly driven by reserve relea...

Other stocks mentioned: PNC, WFC, C, JPM, TFC
1 week ago - Zacks Investment Research

The bank reported elevated expenses for the fourth quarter in a row. It's struggling to eliminate COVID-19 expenses and it dealt with some one-time costs in the quarter.

1 week ago - The Motley Fool

Substantial diversification and opportunities for higher-margin business lines have turned Bank of America bullish on Green Plains Inc (NASDAQ:GPRE). The Green Plains Analyst: Luke Washer initiated the ...

Other stocks mentioned: GPRE
1 week ago - Benzinga

Jim Cramer breaks down earnings from Wells Fargo and Bank of America

YouTube video

CNBC's "Squawk on the Street" team discusses inflation, economic data and earnings.

Other stocks mentioned: WFC
1 week ago - CNBC Television

KBW's RJ Grant breaks down bank earnings

YouTube video

RJ Grant, Head of Equity Research at KBW, joins Worldwide Exchange to discuss bank earnings season and the state of the financial sector.

Other stocks mentioned: C, GS, JPM, MS, WFC
1 week ago - CNBC Television

Bank of America (BAC) delivered earnings and revenue surprises of 33.77% and -1.41%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 week ago - Zacks Investment Research

A closer look at today's bank results

YouTube video

Analysis of a big day for bank earnings, with Morgan Stanley set to announce tomorrow. With CNBC's Brian Sullivan and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.

Other stocks mentioned: C, WFC
1 week ago - CNBC Television

BofA CEO Moynihan on Economy, Loan Growth, Return to Office

YouTube video

Jul.14 -- Bank of America Chairman and CEO Brian Moynihan discusses the state of the U.S. economy, the bank's strategy and the return of employees to offices after the pandemic. He speaks with Bloomberg...

1 week ago - Bloomberg Markets and Finance

BofA CEO Not Seeing Challenges Retaining Junior Bankers

YouTube video

Jul.14 -- Bank of America Chairman and CEO Brian Moynihan comments on the retention of junior bankers during an interview with Bloomberg's David Westin on "Bloomberg Markets: The Close."

1 week ago - Bloomberg Markets and Finance

BofA CEO Moynihan on Return to Office: 'It's All Good'

YouTube video

Jul.14 -- Bank of America Chairman and CEO Brian Moynihan discusses the state of the bank's efforts to return employees back to offices after the Covid-19 pandemic. He speaks during an interview with Bl...

1 week ago - Bloomberg Markets and Finance

BofA CEO Moynihan Says U.S. Economy Is in Pretty Good Shape

YouTube video

Jul.14 -- Bank of America Chairman and CEO Brian Moynihan says the U.S. is set up for strong growth. He speaks during an interview with Bloomberg's David Westin on "Bloomberg Markets: The Close.

1 week ago - Bloomberg Markets and Finance

The start of big bank earnings has proved promising for the group, three market analysts say.

Other stocks mentioned: C, GS, JPM, MS, WFC
1 week ago - CNBC

Bank of America CEO Brian Moynihan: We are a technology company

YouTube video

Brian Moynihan, Bank of America CEO, joins 'Closing Bell' to discuss if trading volumes will return to pre-pandemic levels, if he classifies Bank of America as a tech company and the bank's digital busi...

1 week ago - CNBC Television

It's not an easy environment for lenders.

1 week ago - The Motley Fool

Bank of America Corp. (NYSE: BAC) shares are trading lower Wednesday after the company reported worse-than-expected second-quarter sales results. For the previous quarter, the company reported sales of ...

1 week ago - Benzinga

I expect bank estimates to rise as the year progresses: Schutz on earnings

YouTube video

Mendon Capital's Anton Schutz discusses bank earnings and what to expect from the sector for the rest of this year. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx...

Other stocks mentioned: C, GS, JPM, MS, WFC
1 week ago - CNBC Television

Bank of America FICC Trading Revenue Misses 2Q Estimates

YouTube video

Jul.14 -- Bank of America Corp. reported second-quarter results that saw a 38% drop in fixed income sales and trading. Bloomberg's Sonali Basak examines the numbers.

1 week ago - Bloomberg Markets and Finance

Shares of Bank of America Corp (BAC), Warren Buffett (Trades, Portfolio)'s largest bank holding, plunged more than 4% to $38.10 in early trading on Wednesday:

1 week ago - GuruFocus

'Profit-making machines' — Big Banks report Q2 earnings

YouTube video

Bank of America reporting a mixed second-quarter, Citigroup and Wells Fargo beating expectations, and BlackRock profit topping estimates as assets soar to a record $9.49 trillion. Brian Cheung joins Myl...

Other stocks mentioned: C, GS, JPM, WFC
1 week ago - Yahoo Finance

The four largest U.S. consumer banks posted blockbuster second-quarter results this week, after pandemic loan losses failed to materialize and the U.S. economy began roaring back to life.

Other stocks mentioned: C, GS, JPM, WFC
1 week ago - Reuters

Find out why the stock market is headed higher again.

Other stocks mentioned: C, WFC
1 week ago - The Motley Fool

Banks Facing Loan Growth Problems, Says RBC's Cassidy

YouTube video

Jul.14 -- Gerard Cassidy of RBC Capital Markets says bank earnings have been strong, but look out for loan growth issues. He's on "Bloomberg The Open.

Other stocks mentioned: C, GS, JPM, MS, WFC
1 week ago - Bloomberg Markets and Finance

Bank of America Corp (NYSE:BAC) stepped into the earnings confessional this morning, joining other bank names in the unofficial beginning to earnings season.

1 week ago - Schaeffers Research

Bank of America Corporation (NYSE: BAC) shares are trading lower on Wednesday after the company reported worse-than-expected second-quarter sales results. The company reported second-quarter sales resul...

1 week ago - Benzinga

Solid advisory and asset management businesses, and a large credit release support BofA's (BAC) Q2 earnings amid lower rates, and dismal trading and underwriting performance.

1 week ago - Zacks Investment Research

Bank of America's (BAC) Q2 earnings exceeded analyst expectations, but revenue came in below estimates.

1 week ago - Investopedia

Shares of Bank of America (NYSE:BAC) decreased 2.2% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 178.38% year over year to $1.03, which beat the...

1 week ago - Benzinga

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...]

Industry
Banks-Diversified
Founded
1784
CEO
Brian Moynihan
Employees
211,608
Stock Exchange
NYSE
Ticker Symbol
BAC
Full Company Profile

Financial Performance

In 2020, BAC's revenue was $85.53 billion, a decrease of -6.26% compared to the previous year's $91.24 billion. Earnings were $17.89 billion, a decrease of -34.76%.

Financial Statements

Analyst Forecasts

According to 27 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is 43.55, which is an increase of 15.52% from the latest price.

Price Target
$43.55
(15.52% upside)
Analyst Consensus: Buy