Bank of America Corporation (BAC)

NYSE: BAC · IEX Real-Time Price · USD
33.67
-0.21 (-0.62%)
At close: Dec 29, 2023, 4:00 PM
33.64
-0.03 (-0.09%)
After-hours: Dec 29, 2023, 7:56 PM EST
-0.62%
Market Cap 266.46B
Revenue (ttm) 101.15B
Net Income (ttm) 28.93B
Shares Out 7.91B
EPS (ttm) 3.57
PE Ratio 9.43
Forward PE 10.42
Dividend $0.96 (2.85%)
Ex-Dividend Date Nov 30, 2023
Volume 23,079,207
Open 33.94
Previous Close 33.88
Day's Range 33.55 - 34.00
52-Week Range 24.96 - 37.00
Beta 1.41
Analysts Buy
Price Target 36.03 (+7.01%)
Earnings Date Jan 12, 2024

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]

Sector Financials
Founded 1784
Employees 217,000
Stock Exchange NYSE
Ticker Symbol BAC
Full Company Profile

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 Statements

Analyst Forecast

According to 16 analysts, the average rating for BAC stock is "Buy." The 12-month stock price forecast is $36.03, which is an increase of 7.01% from the latest price.

Price Target
$36.03
(7.01% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Bank stocks are poised to outperform broader markets in 2024, says RBC's Gerard Cassidy

RBC's Gerard Cassidy joins 'Fast Money' to talk his outlook for bank stocks in 2024.

Other symbols: CGSJPMMSWFC
3 days ago - CNBC Television

The Best Warren Buffett Dividend Stocks

The best Warren Buffett dividend stocks are expected to produce impressive returns for the Berkshire Hathaway equity portfolio. Here are five with healthy yields.

Other symbols: CVXHPKHCKO
3 days ago - Kiplinger

JPMorgan, Bank of America And Other Financial Stocks From Wall Street's Most Accurate Analysts - Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM)

Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements.

Other symbols: JPMMSV
4 days ago - Benzinga

Moynihan: We are in a Transition Year

Brian Moynihan, Bank of America CEO tells us what macroeconomic conditions he expects in 2024 and the implications of increased capital requirements.

9 days ago - Bloomberg Markets and Finance

Oppenheimer is bullish on the major banks heading into 2024

Stephanie Link, Joe Terranova and Jim Lebenthal join the 'Halftime Report' to debate their favorite bank names.

Other symbols: CGSJEFMSUSB
9 days ago - CNBC Television

RADIAL POWER SECURES $80 MILLION IN TAX EQUITY FINANCING FROM BANK OF AMERICA

The capital will support an estimated 96 MW of C&I and community solar projects spanning more than nine states Represents Radial Power's inaugural tax equity financing transaction NEW YORK , Dec. 20, ...

11 days ago - PRNewsWire

BofA's Moynihan on Consumers, Loan Demand and Trading

Bank of America Chair and CEO Brian Moynihan discusses the state of the US consumer, loan demand and the bank's trading strength. Speaking with David Westin, Moynihan also says he thinks the US is in ...

12 days ago - Bloomberg Markets and Finance

January will be pretty dry for bank stocks, says UBS analyst Erika Najarian

Erika Najarian, UBS Securities analyst, joins 'Squawk on the Street' to discuss the firm's 2024 outlook for banks, the impact of the upcoming presidential election, and more.

Other symbols: CGSJPMMSWFC
13 days ago - CNBC Television

Bank of America Declares First Quarter 2024 Preferred Stock Dividends

CHARLOTTE, N.C. , Dec. 15, 2023 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares ...

16 days ago - PRNewsWire

Bond prices rally for JPMorgan, Morgan Stanley, Goldman Sachs and Bank of America as sentiment turns bullish on money-center banks

Corporate bonds from the big money-center banks are rallying in concert with their stock prices amid more bullish sentiment on Wall Street about potential interest-rate cuts in 2024.

Other symbols: CGSJPMMS
17 days ago - Market Watch

Bank stocks rally to pre-crisis levels after Fed meeting

Shares in U.S. banks were rallying strongly on Thursday after the Federal Reserve signaled potential interest rate cuts in 2024 with the sector returning to its highest level since early March just be...

Other symbols: CGSJPMKBEKREMSWFC
17 days ago - Reuters

BofA appoints 334 new managing directors, down 8% from last year

Bank of America on Monday promoted 334 employees to become managing directors, a cohort that was 8% smaller than in the previous year.

20 days ago - Reuters

Big bank CEOs testify before Congress: Top takeaways

The CEOs of America's largest banks, including Bank of America (BAC) Chairman and CEO Brian Moynihan, JPMorgan Chase (JPM) Chairman and CEO Jamie Dimon, Citigroup (C) CEO Jane Fraser, and more, testif...

Other symbols: CGSJPMMSWFC
25 days ago - Yahoo Finance

Wall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans

The heads of America's largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.

Other symbols: CJPMGSMSWFC
25 days ago - CNBC

Bankers Push Back Against Basel III Endgame Rules

The heads of Wall Street's biggest banks took their most direct swing yet at Washington's plans to force them to set aside more cash as a buffer against losses. Here are some highlights from their tes...

Other symbols: CGSJPMMSWFC
25 days ago - Bloomberg Markets and Finance

Bank CEOs criticize newly proposed capital rules in Senate hearing

CNBC's Leslie Picker reports on the latest news from the big bank CEOs' testimony on Capitol Hill.

Other symbols: CGSJPMMSWFC
25 days ago - CNBC Television

Big bank CEOs testify in Senate hearing

The CEOs of Wall Street's biggest banks testify in front of the Senate Banking Committee.

Other symbols: CGSJPMMSWFC
25 days ago - CNBC Television

Wall Street bank bosses warn lawmakers of economic toll from tough new rules

Wall Street bank bosses warned lawmakers on the Senate Banking Committee on Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital...

Other symbols: CGSJPMMSWFC
25 days ago - Reuters

Mortgages and small loans will be more expensive under proposed regulations, bank chiefs say

The chief executives of big U.S. banks are arguing that banking regulations aimed at strengthening the country's financial system will instead hurt the economy.

Other symbols: BKCGSJPMMSSTT
25 days ago - Market Watch

Wall Street Bank CEOs on Capitol Hill

The CEOs of some of the biggest US banks -- including Jamie Dimon of JPMorgan, Brian Moynihan of Bank of America and Jane Fraser of Citigroup -- are scheduled to testify before the US Senate Banking C...

Other symbols: CJPMGSMSWFC
25 days ago - Bloomberg Markets and Finance

Bank regulation is more concerned about capital than market risk, says Christopher Whalen

Christopher Whalen, Chairman of Whalen Global Advisors, discusses the banking sector as several big bank CEOs prepare to testify before lawmakers.

Other symbols: CGSJPMMSWFC
25 days ago - CNBC Television

Bank CEOs to warn lawmakers against proposal to boost capital

The CEOs of America's top banks are on Wednesday expected to speak out against plans to hike capital requirements, at a U.S. Senate banking committee hearing on regulation of Wall Street firms.

Other symbols: GSJPMMSCWFC
25 days ago - Market Watch

Wall Street banks warn lawmakers about new regulations

The CEOs of the eight largest U.S. banks planned to push back on pending banking regulations as burdensome at Tuesday's hearing before the Senate Banking Committee.

Other symbols: CJPMWFCGSMS
26 days ago - Fox Business

Dimon and Other Bank CEOs to Testify on Regulations

The heads of the biggest US banks, including Jamie Dimon of JPMorgan and James Gorman and Morgan Stanley, will testify in Washington on Wednesday about new proposed rules to strengthen capital require...

Other symbols: CGSJPMMSWFC
26 days ago - Bloomberg Markets and Finance

Wall Street bank bosses warn lawmakers over new regulations

The top bosses of JPMorgan, Morgan Stanley, Citigroup and other major banks will warn lawmakers that new regulations will hurt credit and the broader economy, according to prepared testimony published...

Other symbols: CGSJPMMSWFC
26 days ago - Reuters