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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$27.34 - $45.55
Previous Close$45.41
Volume25.64M
Average Volume (3M)36.20M
Market Cap
$342.90B
Enterprise Value$683.79B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$335.37B
Price to Earnings (P/E)16.5
Beta1.19
Next Earnings
Jan 16, 2025EPS Estimate
$0.78Next Dividend Ex-Date
Dec 06, 2024Dividend Yield2.34%
Share Statistics
EPS (TTM)2.75
Shares Outstanding7,672,879,599
10 Day Avg. Volume28,974,432
30 Day Avg. Volume36,197,731
Standard Deviation0.09
R-Squared0.58
Alpha-0.00471
Financial Highlights & Ratios
Price to Book (P/B)1.08
Price to Sales (P/S)3.22
Price to Cash Flow (P/CF)-2.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.94
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$47.43Price Target Upside6.13% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
Bank of America News
Bulls Say, Bears Say
Bulls Say
Capital GrowthBAC's balance sheet is growing with average earning assets +1% q/q and deposits +0.6%.
Financial PerformanceBank of America reported stronger than expected earnings per share, aided by strong performance in capital markets and credit.
Investment BankingInvestment banking fees came in +15% y/y, well above BAC's prior guidance of flat y/y driven by strength in DCM and ECM.
Bears Say
Financial PerformanceDisappointing negative operating leverage should inflect ahead.
Interest Income ChallengesThe bank's net interest margin remains well below normal, indicating challenges in earning interest income.
Regulatory ConcernsBAC 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
10.15% Insiders
19.31% Mutual Funds
3.01% Other Institutional Investors
50.85% 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 $27.34 and its highest was $45.55 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 70 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 $0.26 which represents an annual dividend yield of 2.34%. See more information on Bank of America dividends here
What is Bank of America’s EPS estimate?
Bank of America’s EPS estimate is $0.78.
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 0.549%.
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 41B.
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Bank of America Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$47.43 (6.13% Upside)
$47.43 (6.13% Upside)
Blogger Sentiment
Bullish
BAC Sentiment 77%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 11.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $7.1B over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days >0.1%
Last 30 Days ▲ 3.2%
Last 30 Days ▲ 3.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
64.76%
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
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BAC Stock 12 Month Forecast
Average Price Target
$47.43
▲(6.13% Upside)
Technical Analysis
Best Analysts Covering BAC
1 Year
1 Year Success Rate
15/20 ratings generated profit
1 Year Average Return
+16.89%
reiterated a buy rating 23 days 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 +16.89% per trade.
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