Bank of America Corporation (BAC)

NYSE: BAC · IEX Real-Time Price · USD
43.33
+0.32 (0.74%)
Jul 19, 2024, 10:01 AM EDT - Market open
0.74%
Market Cap 337.96B
Revenue (ttm) 98.14B
Net Income (ttm) 23.35B
Shares Out 7.82B
EPS (ttm) 2.90
PE Ratio 14.81
Forward PE 13.02
Dividend $0.96 (2.24%)
Ex-Dividend Date Jun 7, 2024
Volume 6,107,795
Open 42.86
Previous Close 43.01
Day's Range 42.69 - 43.39
52-Week Range 24.96 - 44.44
Beta 1.36
Analysts Buy
Price Target 42.23 (-2.48%)
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]

Sector Financials
Founded 1784
Employees 213,000
Stock Exchange NYSE
Ticker Symbol BAC
Full Company Profile

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 Statements

Analyst Forecast

According to 20 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is $42.23, which is a decrease of -2.48% from the latest price.

Price Target
$42.23
(-2.48% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Red-Hot Bank Stock Flashing Bullish Signal

Bank of America (BAC) is fresh off its Tuesday post-earnings pop of 5.3%, after the financial institution reported a top-line beat for the second quarter. The shares today hit a two-year high of $44.4...

1 day ago - Forbes

These Analysts Boost Their Forecasts On Bank of America Following Better-Than-Expected Earnings

Bank of America Corp BAC reported better-than-expected second-quarter results on Tuesday.

1 day ago - Benzinga

Big Banks rally around earnings: Why Bank of America is RBC'S top pick in the space

Gerard Cassidy, RBC Capital Markets co-head of global financials research, joins 'Fast Money' to talk the Big Banks stock rally.

2 days ago - CNBC Television

Bank of America: Consumers Still Have Borrowing Power Left on Their Credit Cards

For Bank of America, digital channels have represented avenues of continued growth, making inroads with credit card spending in particular. According to management, there's still room left for consume...

2 days ago - PYMNTS

Bank of America's Growth Boosted by Strong Fees and Operating Efficiency: Goldman Sachs Analyst

Goldman Sachs analyst Richard Ramsden reiterated a Buy rating on Bank Of America Corp BAC with a price target of $45.

2 days ago - Benzinga

Crude Oil Down 1%; Bank of America Posts Upbeat Earnings

U.S. stocks traded mostly higher midway through trading, with the Dow Jones index surging more than 550 points on Tuesday.

2 days ago - Benzinga

Bank of America CEO Brian Moynihan on Q2 earnings beat

Bank of America CEO Brian Moynihan joins 'Squawk on the Street' to discuss the bank's net interest income, digital footprint, AI business, and much more.

2 days ago - CNBC Television

Bank of America Stock Pops After Q2 Earnings: What to Know

Bank of America stock is trading higher Tuesday after the financial firm beat analysts' expectations for its second quarter. Here's what you need to know.

2 days ago - Kiplinger

Bank of America Posts Earnings Beat on Investment Banking Boost

Bank of America (BAC) shares rose Tuesday as second-quarter revenue and profit beat estimates despite slightly lower net interest income (NII) than analysts were anticipating.

2 days ago - Investopedia

Bank of America profit drops on lower interest income, outlook lifts shares

Bank of America earned $6.9 billion, or 83 cents per share, in the quarter ended June 30, compared with $7.4 billion, or 88 cents per share, a year earlier.

3 days ago - Fox Business

Bank of America tops estimates on better-than-expected investment banking

CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.

3 days ago - CNBC Television

Bank of America Beats on Net Interest Income, Trading Revenue in Second Quarter

Bank of America reported second-quarter results that saw net interest income FTE of $13.86 billion and offered guidance of an increase through the end of the year in net interest income. Sonali Basak ...

3 days ago - Bloomberg Markets and Finance

Bank of America Exceeds Expectations on Robust Investment Banking Results

BAC's strong Q2 and positive banking sector trends suggest a bullish short-term outlook for financial stocks, reflecting industry-wide momentum.

3 days ago - FXEmpire

BofA's profit falls on shrinking interest income

Bank of America's profit fell in the second quarter as its income from interest on loans shrank and it set aside more money to cover potential credit losses.

3 days ago - Reuters

Bank of America Reports Second Quarter 2024 Financial Results

CHARLOTTE, N.C. , July 16, 2024 /PRNewswire/ -- Bank of America reported its second quarter 2024 financial results today.

3 days ago - PRNewsWire

Bank of America is about to report earnings — here's what Wall Street expects

CEO Brian Moynihan told investors in April that net interest income would bottom in the second quarter. The measure, known as NII, is the difference between what the bank earns on loans and what it pa...

3 days ago - CNBC

Jim Cramer names stocks that could rally, or fall, during another Trump presidency

CNBC's Jim Cramer on Monday named stocks that could stand to see gains if former President Donald Trump returns to office, as well as ones that may notch losses. "After this weekend, it sure seems lik...

Other symbols: ACICPRIENPHGSJPMKRMS
3 days ago - CNBC

BAC, MS, PNC: Big Bank Earnings

With Bank of America (BAC), Morgan Stanley (MS), and PNC Financial (PNC) earnings on deck, Kenneth Leon and Stephen Biggar discuss the overall space & what these reports mean for the financials sector...

Other symbols: PNCMS
3 days ago - Schwab Network

Bank Of America's Bullish Trajectory Ahead Of Q2 Earnings: What Technicals Reveal

Bank of America Corp BAC will be reporting its second-quarter earnings on Tuesday. Wall Street expects 80 cents in EPS and $25.2 billion in revenues as the company reports before market hours.

3 days ago - Benzinga

Bank bond spreads tighten as earnings spark buying ahead of fresh debt offerings

Bond yields for three of the four biggest money-center banks have continued to tighten against Treasurys following their earnings updates, in a positive sign of demand ahead of billions of dollars in ...

Other symbols: CGSJPMMSWFC
3 days ago - Market Watch

Earnings Preview: What To Expect From Bank Of America

Bank Of America is scheduled to report earnings before Tuesday's open. The stock hit a record high of $55.08 in 2006 and is currently trading near $42/share.

3 days ago - Forbes

Bank of America Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Bank of America Corporation BAC is scheduled to release its second-quarter financial results, before the opening bell on Tuesday, July 16.

3 days ago - Benzinga

How To Earn $500 A Month From Bank of America Stock Ahead Of Q2 Earnings

Bank of America Corporation BAC will release its second-quarter financial results, before the opening bell on Tuesday, July 16.

7 days ago - Benzinga

What You Need To Know Ahead Of Big Bank Earnings This Week

Big bank earnings kick off Friday with Citi (C), Wells Fargo (WFC) and JPMorgan Chase (JPM) reporting their second-quarter results. Bank of America (BAC) is set to follow on Tuesday.

Other symbols: CJPMWFC
7 days ago - Investopedia

Challenges Facing Big Banks Ahead of Earnings

Big banks are set to start reporting earnings on Friday. Traders have lots of factors to consider including the presidential election and when the Federal Reserve might begin to cut interest rates.

Other symbols: CGSJPMMSWFC
7 days ago - Bloomberg Markets and Finance