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Bank of America Corporation (BAC)

Stock Price: $41.84 USD 0.66 (1.60%)
Updated May 13, 2021 4:00 PM EDT - Market closed
After-hours: $41.87 +0.03 (0.07%) May 13, 7:32 PM
Market Cap 356.83B
Revenue (ttm) 85.58B
Net Income (ttm) 20.49B
Shares Out 8.70B
EPS (ttm) 2.33
PE Ratio 17.96
Forward PE 14.90
Dividend $0.72
Dividend Yield 1.72%
Trading Day May 13
Last Price $41.84
Previous Close $41.18
Change ($) 0.66
Change (%) 1.60%
Day's Open 40.99
Day's Range 40.78 - 42.09
Day's Volume 42,018,117
52-Week Range 19.60 - 42.94

News

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Big banks plan to give credit cards with no credit

YouTube video

Big banks are gearing up to give credit cards to people with no credit. FOX Business' Ashley Webster with more.

Other stocks mentioned: C, GS, JPM, MS, WFC
7 hours ago - Fox Business

At least 50 million U.S. adults, predominantly Blacks, Hispanics and the poor, have limited or no credit histories.

Other stocks mentioned: C, GS, JPM, MS, WFC
8 hours ago - Forbes

The U.S. Federal Reserve has asked lenders to start providing information on the measures they are taking to mitigate climate change-related risks to their balance sheets, according to four people with ...

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

Modest loan growth and continued steepening of the yield curve could grow the bank's earnings significantly.

1 day ago - The Motley Fool

Bank of America plans dividend hike, buybacks: CEO Moynihan

YouTube video

Bank of America chairman and CEO Brian Moynihan, in an exclusive interview with FOX Business' Maria Bartiromo, said that he expects to increase dividends and share buybacks given 'shareholders ought to ...

1 day ago - Fox Business

You can invest in several great companies that Buffett likes with only a modest upfront amount.

Other stocks mentioned: AAPL, ABBV
1 day ago - The Motley Fool

Continuing with its efforts to tap the Asia markets, HSBC is on track to hire more than 1,000 wealth managers in the region.

Other stocks mentioned: CS, HSBC, UBS
2 days ago - Zacks Investment Research

CHARLOTTE, N.C.--(BUSINESS WIRE)--According to the Bank of America 2021 Small Business Owner Report, U.S. small business owners have started to regain their footing after an unprecedented year of challe...

2 days ago - Business Wire

Is (BAC) Outperforming Other Finance Stocks This Year?

6 days ago - Zacks Investment Research

Bank of America (BAC) closed the most recent trading day at $41.39, moving +0.95% from the previous trading session.

1 week ago - Zacks Investment Research

Bitcoin is coming to hundreds of U.S. banks this year: NYDIG

YouTube video

CNBC's Hugh Son details his reporting on crypto firm NYDIG suggesting big banks are looking to allow customers to buy, hold and sell bitcoin.

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

Bank of America downgraded at Baird

YouTube video

The "Halftime Report" traders debate Baird's call to downgrade Bank of America.

1 week ago - CNBC Television

Berkshire Hathaway is sitting on $196 billion in unrealized investment gains. These four companies account for 80% of those gains.

Other stocks mentioned: AAPL, AXP, KO
1 week ago - The Motley Fool

Bank of America has hired Emmanuel Regniez from Citigroup to co-head its investment banking franchise for France as it seeks to strengthen its network of European hubs after Brexit, according to a memo ...

1 week ago - Reuters

Near all-time highs it makes sense to fade these mega-cap stocks on extreme strength. Long-term they are favorites, but they need to rest now.

Other stocks mentioned: CAT, V
1 week ago - InvestorPlace

Banking is one of Buffett's favorite industries, but he's betting a lot on one bank stock in particular.

Other stocks mentioned: BRK.A, BRK.B
1 week ago - The Motley Fool

Banks could have a lot to gain as the U.S. economy grows. Here are our favorites.

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

In its portfolio for the first quarter of 2021, which was released earlier this week, the Fairholme Fund (Trades, Portfolio) disclosed it reduced its position in one stock while completely divesting ano...

Other stocks mentioned: IPMLF
1 week ago - GuruFocus

All banks generally benefit as interest rates climb, but these could be especially big winners.

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

Here's a rundown of the largest U.S. banks and the key differences among them.

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

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation announced today that it will redeem on May 17, 2021 all $2,250,000,000 principal amount outstanding of its 3.499% Fixed/Floating Rate Senior...

2 weeks ago - Business Wire

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation (successor to Merrill Lynch & Co., Inc.) announced today that it will redeem on May 30, 2021 all C$500,000,000 principal amount outstanding ...

2 weeks ago - Business Wire

Bank of America is a good value with some gusty tailwinds to help it soar.

2 weeks ago - The Motley Fool

CHARLOTTE, N.C.--(BUSINESS WIRE)--What's driving home sales, higher home prices and bidding wars in many areas of the country? Low housing inventory and low interest rates are often factors, but Bank of...

2 weeks ago - Business Wire

We have narrowed down our search to five U.S. corporate bigwigs (market capital > 20 billion) with a favorable Zacks Rank. These are: XOM, GS, BAC, LRCX and NUE.

Other stocks mentioned: GS, LRCX, NUE, XOM
2 weeks ago - Zacks Investment Research

This trio will pay out $2.16 billion this year to Berkshire Hathaway.

Other stocks mentioned: AAPL, KO
2 weeks ago - The Motley Fool

JPMorgan, Bank of America, Goldman Sachs, and Morgan Stanley all tapped the bond markets following stellar first quarter earnings.

Other stocks mentioned: GS, JPM, MS
2 weeks ago - The Motley Fool

Just like Black Friday signals the start of the holiday shopping season, when you see financial giants in the news for their corporate reports, you know earnings season is nigh.

Other stocks mentioned: C, GS, JPM, MS, WFC
2 weeks ago - Schaeffers Research

Some modest loan growth later this year could increase Bank of America's current net interest income level by $1 billion in the fourth quarter.

2 weeks ago - The Motley Fool

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.18 per share, payabl...

3 weeks ago - Business Wire

The financial sector, which accounts for around one-fifth of the S&P 500 Index, had a decent Q1.

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

Pandemic lockdowns and stimulus checks have helped Americans save more money, a mixed blessing for banks. For instance, higher savings lead to more deposits, allowing banks to lend more funds.

Other stocks mentioned: JPM, WFC
3 weeks ago - GuruFocus

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America, N.A. announced today that it issued a $1 billion six-month floating rate bank note referencing the one-month tenor of the Bloomberg Short-Term Bank Yie...

3 weeks ago - Business Wire

The stocks of the future may also be good for your investment returns in the present.

Other stocks mentioned: BBY, BLK, ESGU, ESGV, NVDA, SPYX, WST
3 weeks ago - The Motley Fool

Record-breaking Wall Street bank bond offerings in recent days are being driven by a combination of extraordinary market conditions and regulatory decisions that can be traced to the government's pandem...

Other stocks mentioned: C, GS, JPM, MS, WFC
3 weeks ago - Reuters

CHARLOTTE, N.C.--(BUSINESS WIRE)--Bank of America today announced preliminary results of matters voted upon during the company's 2021 annual meeting of stockholders. The 16 board of director nominees we...

3 weeks ago - Business Wire

A majority of Bank of America investors voted to approve the bank's executive pay plans and to reelect the board's directors at the bank's annual shareholder meeting, held online on Tuesday.

3 weeks ago - Reuters

Is (BAC) Outperforming Other Finance Stocks This Year?

3 weeks ago - Zacks Investment Research

Atlas Merchant CEO on market risks, Big Banks, Archegos and more

YouTube video

Bob Diamond, CEO of Atlas Merchant Capital, joined "Squawk Box" on Monday to discuss why he thinks the outlook for the markets and the economy are positive overall, but there are five potential risks in...

Other stocks mentioned: C, GS, JPM, MS, WFC
3 weeks ago - CNBC Television

Big Banks Foreshadow the Improving 2021 Earnings Picture

Other stocks mentioned: C, GS, JPM, MS, WFC
3 weeks ago - Zacks Investment Research

Banks are looking like very good values, says NYT's Jim Stewart

YouTube video

New York Times columnist Jim Stewart gives his take on the latest round of bank earnings and the debut of Coinbase.

Other stocks mentioned: C, GS, JPM, MS, WFC
3 weeks ago - CNBC Television

Bank of America Corp Chief Executive Officer Brian Moynihan on Friday said in a CNN interview that the U.S. needs to keep investing in infrastructure, adding that a "well-focused infrastructure plan wou...

3 weeks ago - Reuters

U.S. bank revenues proving to be slightly stronger than expected, analyst says

YouTube video

John Heagerty, an analyst at Atlantic Equities, discusses U.S. banks earnings following Citigroup's better-than-expected estimates for first-quarter profit.

Other stocks mentioned: C, GS, JPM, MS, WFC
3 weeks ago - CNBC International TV

Q1 earnings start on a positive note with banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC), U.S. Bancorp (USB) & Truist (TFC) surpassing estimates on reserve releases and solid fee inc...

Other stocks mentioned: USB, WFC, C, JPM, TFC
3 weeks ago - Zacks Investment Research

The challenge for U.S. banks is they're feeling the effects of fiscal and monetary policy: KBW

YouTube video

KBW Managing Director Brian Kleinhanzl spoke to Yahoo Finance's Adam Shapiro and Seana Smith about bank earnings.

Other stocks mentioned: C, GS, JPM, MS, WFC
3 weeks ago - Yahoo Finance

The Dow gained 305 points, +0.9%, to a new record high and above 34K for the first time.

Other stocks mentioned: GS, SPY
4 weeks ago - Zacks Investment Research

"The banks are doing pretty darned good, even if their stocks don't necessarily reflect that fact," the "Mad Money" host said.

Other stocks mentioned: C, GS, JPM, WFC
4 weeks ago - CNBC

BofA Offices May Look More Normal After Labor Day, CEO Says

YouTube video

Apr.15 -- Bank of America Chairman and CEO Brian Moynihan says the bank's staff will think about commuting differently as the U.S. emerges from the Covid-19 pandemic. He speaks with Bloomberg's David We...

4 weeks ago - Bloomberg Markets and Finance

Bank of America CEO Brian Moynihan on earnings and economic recovery

YouTube video

CNBC's "Closing Bell" team breaks down Bank of America's latest earnings report, which beat estimates, and the outlook for the U.S. economy with Bank of American CEO Brian Moynihan.

4 weeks ago - CNBC Television

JPMorgan has a leg up on other bank stocks, CNBC's Jim Cramer and two other market analysts say.

Other stocks mentioned: C, GS, JPM, MS, WFC
4 weeks ago - CNBC

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
212,000
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 43.00, which is an increase of 2.77% from the latest price.

Price Target
$43.00
(2.77% upside)
Analyst Consensus: Buy