Bank of America Corporation (BAC)
| 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 |
The big bank reported a rare revenue miss, but that doesn't tell the full story.
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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...
The bank didn't see loan growth explode in the second quarter, but things continue to move in the right direction.
Another earnings season descended upon Wall Street this week, with bank stocks leading the charge.
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.
(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...
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...
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.
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 ...
Jim Cramer breaks down earnings from Wells Fargo and Bank of America
CNBC's "Squawk on the Street" team discusses inflation, economic data and earnings.
KBW's RJ Grant breaks down bank earnings
RJ Grant, Head of Equity Research at KBW, joins Worldwide Exchange to discuss bank earnings season and the state of the financial sector.
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?
A closer look at today's bank results
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.
BofA CEO Moynihan on Economy, Loan Growth, Return to Office
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...
BofA CEO Not Seeing Challenges Retaining Junior Bankers
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."
BofA CEO Moynihan on Return to Office: 'It's All Good'
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...
BofA CEO Moynihan Says U.S. Economy Is in Pretty Good Shape
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.
Bank of America CEO Brian Moynihan: We are a technology company
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...
It's not an easy environment for lenders.
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 ...
I expect bank estimates to rise as the year progresses: Schutz on earnings
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...
Bank of America FICC Trading Revenue Misses 2Q Estimates
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.
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:
'Profit-making machines' — Big Banks report Q2 earnings
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...
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.
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Banks Facing Loan Growth Problems, Says RBC's Cassidy
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.
Bank of America Corp (NYSE:BAC) stepped into the earnings confessional this morning, joining other bank names in the unofficial beginning to earnings season.
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...
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.
Bank of America's (BAC) Q2 earnings exceeded analyst expectations, but revenue came in below estimates.
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...
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 |
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%.
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.