Bank of America/BAC

$36.89

3.13%
-
1D1W1MYTD1YMAX

About Bank of America

Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.

Ticker

BAC

Sector

Financials

Trading on

NYSE

Industry

Money Center Banks

CEO

Brian Moynihan

Employees

213,000

Headquarters

Charlotte, United States

Bank of America Metrics

BasicAdvanced
$277.99B
Market cap
12.17
P/E ratio
$2.90
EPS
1.39
Beta
$0.94
Dividend rate
2.72%
Dividend yield
$277.99B
1.38841
$38.35
$24.96
40.61M
$0.94
100.952
226.501
23.98%
0.77%
9.03%
12.166
2.833
1.045
1.238
2.23%
2.67%
2.72%
56.12%
-12.84%
36.18%
18.01%
8.51%

What the Analysts think about Bank of America

Analyst Ratings

Majority rating from 26 analysts.
Buy

Price Targets

Average projection from 24 analysts.
6.72% upside
High $45.00
Low $34.00
$36.89
Current price
$39.37
Average price target

Bank of America Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
13.88% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$48.07B
10.15%
Net income
$6.67B
112.28%
Profit margin
13.88%
92.78%

Bank of America Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 9.7%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.88
$0.90
$0.35
$0.83
-
Expected
$0.84
$0.82
$0.68
$0.76
$0.81
Surprise
4.64%
10%
-48.69%
9.7%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Bank of America stock?

Bank of America (BAC) has a market cap of $282.25B as of April 21, 2024.

What is the P/E ratio for Bank of America stock?

The price to earnings (P/E) ratio for Bank of America (BAC) stock is 12.35 as of April 21, 2024.

Does Bank of America stock pay dividends?

Yes, the Bank of America (BAC) stock pays dividends to shareholders. As of April 21, 2024, the dividend rate is $0.94 and the yield is 2.68%. Bank of America has a payout ratio of 23.98% on a trailing twelve-month basis.

When is the next Bank of America dividend payment date?

The next Bank of America (BAC) dividend payment date is unconfirmed.

What is the beta indicator for Bank of America?

Bank of America (BAC) has a beta rating of 1.38. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Bank of America stock price target?

The target price for Bank of America (BAC) stock is $39.37, which is 6.49% above the current price of $36.97. This is an average based on projections from 24 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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