Should I buy or sell Bank of America stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 1 sell rating, 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BAC shares. View BAC analyst ratings or view top-rated stocks .

What is Bank of America's stock price target for 2024?

18 brokerages have issued 1 year price objectives for Bank of America's shares. Their BAC share price targets range from $33.00 to $46.00. On average, they anticipate the company's stock price to reach $39.79 in the next year. This suggests that the stock has a possible downside of 0.5%. View analysts price targets for BAC or view top-rated stocks among Wall Street analysts .

How have BAC shares performed in 2024?

Bank of America's stock was trading at $33.67 at the beginning of 2024. Since then, BAC stock has increased by 18.8% and is now trading at $40.00. View the best growth stocks for 2024 here .

When is Bank of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024. View our BAC earnings forecast .

How can I listen to Bank of America's earnings call?

Bank of America will be holding an earnings conference call on Tuesday, July 16th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) posted its quarterly earnings results on Tuesday, April, 16th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. The financial services provider earned $25.82 billion during the quarter, compared to the consensus estimate of $25.49 billion. Bank of America had a net margin of 13.94% and a trailing twelve-month return on equity of 10.88%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. Read the conference call transcript .

How often does Bank of America pay dividends? What is the dividend yield for Bank of America?

Bank of America announced a quarterly dividend on Thursday, April 25th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.24 per share on Friday, June 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, June 7th. Read our dividend analysis for BAC .

Is Bank of America a good dividend stock?

Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.45%. The dividend payout ratio is 33.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 27.20% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BAC .

What ETFs hold Bank of America's stock?

ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include MicroSectors US Big Banks Index 3X Leveraged ETN (BNKU) , MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (BNKD) , First Trust Nasdaq Bank ETF (FTXO) , Invesco KBW Bank ETF (KBWB) , Invesco S&P 500 Enhanced Value ETF (SPVU) , iShares U.S. Financial Services ETF (IYG) , Financial Select Sector SPDR Fund (XLF) and iShares U.S. Financials ETF (IYF) .

What is Brian T. Moynihan's approval rating as Bank of America's CEO?

10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Glassdoor.com . Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Bank of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM) , AT&T (T) , Micron Technology (MU) , General Electric (GE) , Intel (INTC) , Citigroup (C) , Alibaba Group (BABA) , NVIDIA (NVDA) , Walt Disney (DIS) and Wells Fargo & Company (WFC) .

Who are Bank of America's major shareholders?

Bank of America's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.24%), Price T Rowe Associates Inc. MD (1.20%), Bank of New York Mellon Corp (0.67%), Capital World Investors (0.52%), Pzena Investment Management LLC (0.27%) and Sumitomo Mitsui Trust Holdings Inc. (0.22%). Insiders that own company stock include Andrew M Sieg , Dean C Athanasia , Frank P Bramble , James P Demare , Matthew M Koder , Of America Corp /De/ Bank and Thong M Nguyen . View institutional ownership trends .

How do I buy shares of Bank of America?

Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Bank of America have any subsidiaries?

The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited. Read More

NYSE:BAC

Bank of America (BAC) Stock Price, News & Analysis

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$40.00

+0.49 (+1.24%)

(As of 06/18/2024 ET)

Compare

Today's Range: $39.47
▼
$40.02
50-Day Range: $34.68
▼
$40.02
52-Week Range: $24.96
▼
$40.19

Volume: 30.80 million shs
Average Volume: 38.82 million shs
Market Capitalization: $312.81 billion

P/E Ratio: 13.84
Dividend Yield: 2.40%
Price Target: $39.79

Get Bank of America alerts:

Bank of America MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.56 Rating Score
Upside/Downside: 0.5% Downside
$39.79 Price Target
Short Interest: Healthy
0.93% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: 0.70
Based on 26 Articles This Week
Insider Trading: Selling Shares
$17,424 Sold Last Quarter
Proj. Earnings Growth: 9.97%
From $3.21 to $3.53 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.45 out of 5 stars

Finance Sector

217th out of 872 stocks

National Commercial Banks Industry

35th out of 84 stocks

2.3

Analyst's Opinion

Consensus Rating
Bank of America has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 11 buy ratings, 6 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Bank of America has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about Bank of America's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
0.93% of the float of Bank of America has been sold short.
Short Interest Ratio / Days to Cover
Bank of America has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bank of America has recently increased by 3.94%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Bank of America pays a meaningful dividend of 2.45%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Bank of America does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Bank of America is 33.22%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of America will have a dividend payout ratio of 27.20% next year. This indicates that Bank of America will be able to sustain or increase its dividend.
Read more about Bank of America's dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bank of America has received a 37.20% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Corporate banking services", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Bank of America is -0.50.

2.6

News and Social Media Coverage

News Sentiment
Bank of America has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.85 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 26 news articles for Bank of America this week, compared to 23 articles on an average week.
Search Interest
107 people have searched for BAC on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.
MarketBeat Follows
Only 56 people have added Bank of America to their MarketBeat watchlist in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of America insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,424.00 in company stock.
Percentage Held by Insiders
Only 0.29% of the stock of Bank of America is held by insiders.
Percentage Held by Institutions
70.71% of the stock of Bank of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Read more about Bank of America's insider trading history.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Bank of America are expected to grow by 9.97% in the coming year, from $3.21 to $3.53 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of America is 13.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of America is 13.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.83.
Price to Earnings Growth Ratio
Bank of America has a PEG Ratio of 1.75. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of America has a P/B Ratio of 1.20. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about Bank of America's valuation and earnings.

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About Bank of America Stock (NYSE:BAC)

Bank of America has a rich history dating back to 1800 and even earlier. It was begun by immigrants as a group of separate and unrelated banks that, over the years, merged and grew together. One such is the Bank of Italy which was founded in 1904 by Amadeo Giannini to serve Italian immigrants that were facing discrimination. He later buys out the Banca de America e de Italia (Bank of America and Italy) which was also located in San Francisco. Over the years additional mergers and changes in Federal banking legislation, as well as the boom brought on by WWI and then WWII, helped boost the bank to national prominence.

Things turned sour, however, in 1998 with a major bond default that led to yet another merger, this time with Charlotte, NC-based Nations Bank to officially become the Bank of America that exists today. At the time, the merger was the largest bank merger in history and the company has only grown in the time since.

Other additions to the new Bank of America include MBNA (a major credit card operator), Fleet Boston (then the US 7th largest and one of its oldest banks), and Merril Lynch, now Merril, which was added to the group in 2008 to provide an investment banking branch. Together the company dominates as one of the Big Four Banks in America. Bank of America lays claim to nearly 11% of all US deposits which ranks in line with its peer group and Bank of America Securities is listed as the world’s 3rd largest investment bank.

Today, Bank of America Corporation provides banking and financial services for individuals, small businesses, institutions, corporations, and governments worldwide. The bank operates in three segments Consumer Banking, Global Wealth & Investment Management, and Global Banking bringing in a combined revenue greater than $90 billion in 2022.

As of 2022, Bank of America serves approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers. The bank also operates more than 16,000 ATMs and digital banking platforms with approximately 41 million active users.

Its Consumer Banking segment offers traditional banking and investment products for retail clients. These range from deposit accounts to savings, credit cards, consumer loans, and IRAs. The Global Wealth & Investment Management segment offers investment and wealth management solutions including, brokerage, banking, and trust and retirement products. The Global Banking segment provides lending products and services, including commercial loans and leases for businesses of all varieties. The Global Markets segment offers market-making, clearing, settlement, and custody services, as well as risk management, derivatives, and FX exchange services.

Written by Jeffrey Neal Johnson

BAC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BAC Stock News Headlines

June 13, 2024 | marketbeat.com

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Three stocks reported higher than usual call option buying activity, meaning that there are bets on short-term rises probably due to these fundamental reasons.

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Bank of America Co. (NYSE:BAC) Major Shareholder Of America Corp /De/ Bank Sells 1,600 Shares

A pair of Bank of America-Merrill Lynch specialists work at their post on the floor of the New York…

May 31, 2024 | marketbeat.com

Merrill Lynch agrees to pay nearly $20 million to settle class action racial discrimination lawsuit

Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses the Wall Street brokerage giant of racially discriminating against its Black financial advisers

Supreme Court is seen on Capitol Hill in Washington, Monday, October 23, 2023

May 30, 2024 | marketbeat.com

Supreme Court gives homeowners another chance in escrow dispute with Bank of America

The Supreme Court has given homeowners another chance to force Bank of America and other large banks to pay interest on mortgage escrow accounts

A currency trader walks by the screen showing the foreign exchange rate between U

May 20, 2024 | marketbeat.com

Stock market today: Asian stocks advance after Wall Street closes out another winning week

Asian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time

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BofA Private Bank Study of Wealthy Americans Finds Generational Divide in Investing, Giving and Preserving Wealth

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Is Bank of America Stock a Buy?

June 16 at 4:44 AM | americanbankingnews.com

Bank of America (NYSE:BAC) Shares Down 0.7%

June 15, 2024 | seekingalpha.com

Bank Of America: Swap A 5.6% Yield For A 6.1% Yield

June 15, 2024 | americanbankingnews.com

Bank of America (NYSE:BAC) Upgraded by Keefe, Bruyette & Woods to Outperform

June 15, 2024 | fortune.com

Bank of America says Broadcom could be the next trillion-dollar company—but rival Nvidia would still be 3 times larger

June 12, 2024 | prnewswire.com

Bank of America Declares Third-Quarter 2024 Preferred Stock Dividends

June 12, 2024 | investorplace.com

The 3 Best Stocks to Buy With $100 Right Now: June 2024

June 11, 2024 | pymnts.com

Bank of America Executive Says Consumers Still Spending Pandemic-Era Savings

June 11, 2024 | seekingalpha.com

Bank of America Corporation (BAC) Morgan Stanley US Financials, Payments & CRE Conference (Transcript)

June 11, 2024 | 247wallst.com

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June 10, 2024 | prnewswire.com

Bank of America Announces 2025 Financial Reporting Dates

June 10, 2024 | americanbankingnews.com

Bank of America Co. Expected to Post Q2 2025 Earnings of $0.79 Per Share (NYSE:BAC)

June 9, 2024 | americanbankingnews.com

Bank of America (NYSE:BAC) Stock Price Down 0.1%

June 7, 2024 | marketwatch.com

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June 7, 2024 | seekingalpha.com

Bank of America: Still Undervalued Despite A Great YTD Performance

See More Headlines

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Company Calendar

Ex-Dividend for 3/29 Dividend: 2/29/2024
Dividend Payable: 3/29/2024
Last Earnings: 4/16/2024
Ex-Dividend for 6/28 Dividend: 6/07/2024
Today: 6/18/2024
Dividend Payable: 6/28/2024
Next Earnings (Confirmed): 7/16/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
Current Symbol: NYSE:BAC
CUSIP: N/A
CIK: 70858
Web: www.bankofamerica.com
Phone: (704) 386-5681
Fax: 704-386-8009
Employees: 213,000
Year Founded: 1998

Price Target and Rating

Average Stock Price Target: $39.79
High Stock Price Target: $46.00
Low Stock Price Target: $33.00
Potential Upside/Downside: -0.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.56
Research Coverage: 18 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.89
Trailing P/E Ratio: 13.84
Forward P/E Ratio: 12.46
P/E Growth: 1.75
Net Income: $26.52 billion
Net Margins: 13.94%
Pretax Margin: 14.77%
Return on Equity: 10.88%
Return on Assets: 0.89%

Debt

Debt-to-Equity Ratio: 1.12
Current Ratio: 0.79
Quick Ratio: 0.79

Sales & Book Value

Annual Sales: $171.91 billion
Price / Sales: 1.82
Cash Flow: $3.99 per share
Price / Cash Flow: 10.03
Book Value: $33.26 per share
Price / Book: 1.20

Miscellaneous

Outstanding Shares: 7,820,370,000
Free Float: 7,797,692,000
Market Cap: $312.81 billion
Optionable: Optionable
Beta: 1.36

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Key Executives

Mr. Brian Thomas Moynihan (Age 65)
Chairman, CEO & President
Comp: $1.89M
Mr. Alastair M. Borthwick (Age 55)
Chief Financial Officer
Comp: $4.35M
Mr. Matthew M. Koder (Age 52)
President of Global Corporate & Investment Banking
Comp: $5.97M
Mr. Dean C. Athanasia (Age 57)
President of Regional Banking
Comp: $5.1M
Mr. James P. DeMare (Age 54)
President of Global Markets
Comp: $7.05M
Mr. Thomas M. Scrivener (Age 52)
Chief Operations Executive
Mr. Christopher M. Hyzy
Chief Investment Officer
Mr. Rudolf A. Bless
Chief Accounting Officer
Mr. Aditya Bhasin (Age 50)
Chief Technology & Information Officer
Mr. Darrin Steve Boland (Age 55)
Chief Administrative Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Bank of America Stock? BAC Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Bank of America:

Bank of America has consistently increased its quarterly dividend, providing investors with a steady income stream. The current dividend yield of 2.48% is attractive compared to other investment options.
Analysts have given Bank of America a consensus rating of "Hold" with a consensus price target of $38.70, indicating potential for growth in the stock price.
Recent analyst upgrades, such as raising the price target and giving an "outperform" rating, suggest positive sentiment towards the company's future performance.
Bank of America reported strong quarterly earnings, beating analyst estimates and demonstrating financial stability and growth potential.
The company operates in diverse segments, including Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets, providing a broad exposure to different sectors of the economy.

Cons

Investors should be bearish about investing in Bank of America for these reasons:

Some analysts have given Bank of America a sell rating, indicating concerns about the company's performance or valuation.
The stock price of Bank of America may be influenced by market volatility and economic uncertainties, impacting short-term returns for investors.
While the company has shown growth potential, competition in the banking and financial services industry remains intense, posing challenges for sustained profitability.
Bank of America's revenue for the quarter was down 1.7% on a year-over-year basis, signaling a potential slowdown in growth compared to previous periods.
Investors should consider the overall economic conditions and interest rate environment, as these factors can affect the performance of financial institutions like Bank of America.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 4, 2024. Please send any questions or comments about these Bank of America pros and cons to contact@marketbeat.com.

BAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of America stock right now?: 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 1 sell rating, 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BAC shares.
View BAC analyst ratings or view top-rated stocks.
What is Bank of America's stock price target for 2024?: 18 brokerages have issued 1 year price objectives for Bank of America's shares. Their BAC share price targets range from $33.00 to $46.00. On average, they anticipate the company's stock price to reach $39.79 in the next year. This suggests that the stock has a possible downside of 0.5%.
View analysts price targets for BAC or view top-rated stocks among Wall Street analysts.
How have BAC shares performed in 2024?: Bank of America's stock was trading at $33.67 at the beginning of 2024. Since then, BAC stock has increased by 18.8% and is now trading at $40.00.
View the best growth stocks for 2024 here.
When is Bank of America's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024.
View our BAC earnings forecast.
How can I listen to Bank of America's earnings call?: Bank of America will be holding an earnings conference call on Tuesday, July 16th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Bank of America's earnings last quarter?: Bank of America Co. (NYSE:BAC) posted its quarterly earnings results on Tuesday, April, 16th. The financial services provider reported $0.83 EPS for the quarter, beating the consensus estimate of $0.77 by $0.06. The financial services provider earned $25.82 billion during the quarter, compared to the consensus estimate of $25.49 billion. Bank of America had a net margin of 13.94% and a trailing twelve-month return on equity of 10.88%. The business's revenue for the quarter was down 1.7% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS.
Read the conference call transcript.
How often does Bank of America pay dividends? What is the dividend yield for Bank of America?: Bank of America announced a quarterly dividend on Thursday, April 25th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.24 per share on Friday, June 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Friday, June 7th.
Read our dividend analysis for BAC.
Is Bank of America a good dividend stock?: Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.45%. The dividend payout ratio is 33.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 27.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

What ETFs hold Bank of America's stock?: ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include MicroSectors US Big Banks Index 3X Leveraged ETN (BNKU), MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (BNKD), First Trust Nasdaq Bank ETF (FTXO), Invesco KBW Bank ETF (KBWB), Invesco S&P 500 Enhanced Value ETF (SPVU), iShares U.S. Financial Services ETF (IYG), Financial Select Sector SPDR Fund (XLF) and iShares U.S. Financials ETF (IYF).
What is Brian T. Moynihan's approval rating as Bank of America's CEO?: 10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Glassdoor.com. Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Bank of America own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU), General Electric (GE), Intel (INTC), Citigroup (C), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS) and Wells Fargo & Company (WFC).
Who are Bank of America's major shareholders?: Bank of America's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.24%), Price T Rowe Associates Inc. MD (1.20%), Bank of New York Mellon Corp (0.67%), Capital World Investors (0.52%), Pzena Investment Management LLC (0.27%) and Sumitomo Mitsui Trust Holdings Inc. (0.22%). Insiders that own company stock include Andrew M Sieg, Dean C Athanasia, Frank P Bramble, James P Demare, Matthew M Koder, Of America Corp /De/ Bank and Thong M Nguyen.
View institutional ownership trends.
How do I buy shares of Bank of America?: Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Bank of America have any subsidiaries?: The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited.
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This page (NYSE:BAC) was last updated on 6/19/2024 by MarketBeat.com Staff

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