Bank of America/BAC
$39.31
0.23%-
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
212,000
Headquarters
Charlotte, United States
Website
www.bankofamerica.com
Bank of America Metrics
BasicAdvanced
$304B
Market cap
13.44
P/E ratio
$2.90
EPS
1.35
Beta
$0.94
Dividend rate
2.47%
Dividend yield
Price and volume
Market cap
$304B
Beta
1.3549
52-week high
$39.24
52-week low
$24.96
Average daily volume
39M
Dividend rate
$0.94
Financial strength
Long term debt to equity
93.49
Total debt to equity
224.007
Dividend payout ratio (TTM)
32.16%
Management effectiveness
Return on assets (TTM)
0.77%
Return on equity (TTM)
9.03%
Valuation
Price to earnings (TTM)
13.437
Price to revenue (TTM)
3.101
Price to book
1.154
Price to tangible book (TTM)
1.367
Price to free cash flow (TTM)
9.663
Five year average dividend yield
2.23%
Dividend yield (TTM)
2.42%
Forward dividend yield
2.47%
Growth
Revenue change (TTM)
56.12%
Earnings per share change (TTM)
-12.84%
3-year revenue growth
36.18%
3-year earnings per share growth
18.01%
3-year dividend per share growth
8.51%
What the Analysts think about Bank of America
Analyst Ratings
Majority rating from 25 analysts.
Price Targets
Average projection from 24 analysts.
High $46.00
Low $34.00
$39.31
Current price
$39.97
Average price target
Bank of America Financial Performance
Income StatementBalance sheetCash Flow
Income Statement
Revenues and expenses
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$48B
10.15%
Net income
$6.7B
112.28%
Profit margin
13.88%
92.78%
Bank of America Earnings Performance
Earnings per share (EPS)
Company profitability
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 $307B as of May 20, 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 13.57 as of May 20, 2024.
Does Bank of America stock pay dividends?
Yes, the Bank of America (BAC) stock pays dividends to shareholders. As of May 20, 2024, the dividend rate is $0.94 and the yield is 2.44%. Bank of America has a payout ratio of 32.16% on a trailing twelve-month basis.
When is the next Bank of America dividend payment date?
The next Bank of America (BAC) dividend payment is scheduled for June 28, 2024.
What is the beta indicator for Bank of America?
Bank of America (BAC) has a beta rating of 1.36. 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 $39.97, which is 1.73% above the current price of $39.29. 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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