Bank of America Corporation (BAC)
| 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]
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 StatementsAnalyst 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.
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...
Major bank CEOs to visit Capitol Hill to face questions in Senate hearing
CNBC's Emily Wilkins reports on news from Capitol Hill.
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...
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...
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...
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.
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...
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.
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...
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...
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...
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/ ...
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...
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...
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.
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...
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....
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...
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.
Jamie Dimon sounds off on bank regulation
CNBC's Leslie Picker joins 'Closing Bell' to discuss comments from JPMorgan Chase CEO Jamie Dimon.
