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Bank of America (BAC)
NYSE:BAC
Bank of America (BAC) Stock Price & Analysis
25,685 Followers
BAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.59 - $38.50
Previous Close$38.28
Volume27.36M
Average Volume (3M)39.15M
Market Cap
$300.69B
Enterprise Value$634.60B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$335.24B
Price to Earnings (P/E)13.2
Beta1.15
Next Earnings
Jul 16, 2024EPS Estimate
$0.81Next Dividend Ex-Date
Jun 07, 2024Dividend Yield2.46%
Share Statistics
EPS (TTM)2.90
Shares Outstanding7,820,370,305
10 Day Avg. Volume30,377,760
30 Day Avg. Volume39,147,918
Standard Deviation0.09
R-Squared0.61
Alpha-0.00457
Financial Highlights & Ratios
Price to Book (P/B)1.31
Price to Sales (P/S)11.60
Price to Cash Flow (P/CF)-4.70
P/FCF Ratio22.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.47
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$39.74Price Target Upside3.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering23
Bank of America News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBank of America's strategy of multi-product, multi-channel, multi-geographic distribution is expected to drive record revenues.
Operational EfficiencyThe company's advanced digital engagement contributes to controlled expenses, enhancing profitability.
Stock ValuationWith Bank of America trading at only 1.4x price-to-tangible book value, the stock presents an attractive valuation relative to its financial prospects.
Bears Say
Credit QualityTotal Net Charge-Offs (NCOs) reached the highest level in a decade, indicating a potential concern in credit quality.
Financial PerformanceCommercial criticized exposure increased, leading to a potential rise in risk for the company's loan portfolio.
Market RisksDownside risks include recessionary risks associated with higher than expected inflation, sudden Federal Reserve rate cuts.
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Ownership Overview
27.63% Insiders
19.40% Mutual Funds
21.33% Other Institutional Investors
31.64% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Bank of America
Desktop Users
Mobile Users
BAC FAQ
What was Bank of America’s price range in the past 12 months?
Bank of America lowest stock price was $24.59 and its highest was $38.49 in the past 12 months.
What is Bank of America’s market cap?
Currently, no data Available
When is Bank of America’s upcoming earnings report date?
Bank of America’s upcoming earnings report date is Jul 16, 2024 which is in 66 days.
How were Bank of America’s earnings last quarter?
Bank of America released its earnings results on Apr 16, 2024. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.761 by -$0.001.
Is Bank of America overvalued?
According to Wall Street analysts Bank of America’s price is currently Undervalued.
Does Bank of America pay dividends?
Bank of America pays a Quarterly dividend of $0.24 which represents an annual dividend yield of 2.46%. See more information on Bank of America dividends here
What is Bank of America’s EPS estimate?
Bank of America’s EPS estimate is $0.81.
How many shares outstanding does Bank of America have?
Bank of America has 7,820,370,000 shares outstanding.
What happened to Bank of America’s price movement after its last earnings report?
Bank of America reported an EPS of $0.76 in its last earnings report, missing expectations of $0.761. Following the earnings report the stock price went down -3.533%.
Which hedge fund is a major shareholder of Bank of America?
Among the largest hedge funds holding Bank of America’s share is Berkshire Hathaway Inc. It holds Bank of America’s shares valued at 35B.
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Bank of America Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$39.74 (3.36% Upside)
$39.74 (3.36% Upside)
Blogger Sentiment
Bullish
BAC Sentiment 85%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 6.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.1%
Last 30 Days ▲ 1.7%
Last 30 Days ▲ 1.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
45.20%
12-Months-Change
Fundamentals
Return on Equity
8.72%
Trailing 12-Months
Asset Growth
2.48%
Trailing 12-Months
Company Description
Bank of America
Bank of America Corp. provides banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.
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BAC Company Deck
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BAC Earnings Call
Q1 2024
0:00 / 0:00
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BAC Stock 12 Month Forecast
Average Price Target
$39.74
▲(3.36% Upside)
Technical Analysis
Best Analysts Covering BAC
1 Year
1 Year Success Rate
25/34 ratings generated profit
1 Year Average Return
+19.24%
reiterated a buy rating 2 days ago
Copying Mike Mayo's trades and holding each position for 1 Year would result in 73.53% of your transactions generating a profit, with an average return of +19.24% per trade.
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