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Bank of America (BAC)
NYSE:BAC
Holding BAC?
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BAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$31.27 - $48.08
Previous Close$44.17
Volume74.22M
Average Volume (3M)34.90M
Market Cap
$338.91B
Enterprise Value$674.28B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$335.37B
Price to Earnings (P/E)16.1
Beta1.22
Next Earnings
Jan 16, 2025EPS Estimate
$0.77Last Dividend Ex-Date
Dec 06, 2024Dividend Yield2.22%
Share Statistics
EPS (TTM)2.75
Shares Outstanding7,672,879,599
10 Day Avg. Volume35,370,316
30 Day Avg. Volume34,895,431
Standard Deviation0.09
R-Squared0.58
Alpha-0.00423
Financial Highlights & Ratios
Price to Book (P/B)1.14
Price to Sales (P/S)3.38
Price to Cash Flow (P/CF)-2.20
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.85
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$51.43Price Target Upside16.44% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
Bank of America News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceBank of America has consistently outperformed peers in the annual Fed stress test for the past five years to have the lowest potential loan losses in a severe downturn.
Growth And ExpansionBAC has invested $5B in financial center expansion leading to 3000+ financial centers being renovated, with plans for 165 new financial centers across 63 markets by the end of 2026.
Market PositionBank of America continues to be a market leader in the United States with a strong retail franchise, having the highest share of retail deposits and small business lending.
Bears Say
Financial PerformanceNet Interest Income (NII) to turn lower sooner than expected.
Operational EfficiencyEfficiency got worse at 65% vs. 64% QoQ and 63% YoY.
Regulatory IssuesBAC disclosed that the CFPB has been investigating Zelle usage and fraudulent transactions, and it may 'pursue a resolution...or file an enforcement action.'
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Ownership Overview
Currently, No data available
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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 $31.27 and its highest was $48.08 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 Jan 16, 2025 which is in 25 days.
How were Bank of America’s earnings last quarter?
Bank of America released its earnings results on Oct 15, 2024. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.761 by $0.049.
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 $0.259 which represents an annual dividend yield of 2.22%. See more information on Bank of America dividends here
What is Bank of America’s EPS estimate?
Bank of America’s EPS estimate is $0.77.
How many shares outstanding does Bank of America have?
Bank of America has 7,672,879,400 shares outstanding.
What happened to Bank of America’s price movement after its last earnings report?
Bank of America reported an EPS of $0.81 in its last earnings report, beating expectations of $0.761. Following the earnings report the stock price went up 0.552%.
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 32B.
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Bank of America Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$51.43 (16.44% Upside)
$51.43 (16.44% Upside)
Blogger Sentiment
Bullish
BAC Sentiment 77%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 217.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.8B over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.9%
Last 30 Days ▼ 1.4%
Last 30 Days ▼ 1.4%
News Sentiment
Bearish
Bullish news 33%
Bearish news 67%
Bearish news 67%
Technicals
SMA
Positive
20 days / 200 days
Momentum
37.34%
12-Months-Change
Fundamentals
Return on Equity
8.09%
Trailing 12-Months
Asset Growth
5.43%
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
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive sentiment with notable revenue and net income growth, along with improved digital engagement and NII inflection. However, challenges such as declining consumer banking earnings and interest rate sensitivity were acknowledged.Read More>---
BAC Stock 12 Month Forecast
Average Price Target
$51.43
▲(16.44% Upside)
Technical Analysis
Best Analysts Covering BAC
1 Year
1 Year Success Rate
15/20 ratings generated profit
1 Year Average Return
+19.09%
reiterated a buy rating 2 months ago
Copying Jason Goldberg's trades and holding each position for 1 Year would result in 75.00% of your transactions generating a profit, with an average return of +19.09% per trade.
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