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Bank of America (BAC)
NYSE:BAC
Bank of America (BAC) Stock Price & Analysis
25,610 Followers
BAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.59 - $38.50
Previous Close$37.01
Volume12.46M
Average Volume (3M)39.72M
Market Cap
$296.98B
Enterprise Value$626.61B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$335.24B
Price to Earnings (P/E)12.8
Beta1.15
Next Earnings
Jul 16, 2024EPS Estimate
$0.81Next Dividend Ex-Date
Jun 07, 2024Dividend Yield2.5%
Share Statistics
EPS (TTM)2.89
Shares Outstanding7,872,657,542
10 Day Avg. Volume47,023,668
30 Day Avg. Volume39,715,107
Standard Deviation0.09
R-Squared0.61
Alpha-0.00448
Financial Highlights & Ratios
Price to Book (P/B)1.53
Price to Sales (P/S)3.00
Price to Cash Flow (P/CF)2.30
P/FCF Ratio1.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.38
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$39.83Price Target Upside7.93% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
Bank of America News
PremiumCompany Announcements
Bank of America Files Quarterly Financials
PremiumCompany Announcements
Bank of America Files New SEC Report
PremiumCompany Announcements
Bank of America Shareholders Meeting: Elections and Equity Plan Approval
Bulls Say, Bears Say
Bulls Say
Earnings OutlookWith expectations of reduced operating expenses and a back-half bounce in net interest income, Bank of America is anticipated to demonstrate stronger earnings and cost efficiency in the upcoming periods.
Financial PerformanceBank of America's recent results show a 10% increase in fees and commissions due to higher asset management and investment banking activities, signaling robust revenue growth.
Stock RatingShares of Bank of America have been upgraded to Outperform from Peer Perform, reflecting analysts' expectations of the bank's potential for improved financial performance.
Bears Say
Financial PerformanceNet Interest Income (NII) fell year-over-year as higher deposit costs more than offset higher asset yields.
Operating ExpensesHigher expected credit provisions and operating expenses are anticipated, posing challenges.
Trading EnvironmentFixed Income, Currencies, and Commodities (FICC) revenue declined due to a weaker trading environment in macro products.
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Ownership Overview
27.44% Insiders
19.27% Mutual Funds
17.33% Other Institutional Investors
35.95% 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 74 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 2.5%. 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 7,872,657,700 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
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5
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9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$39.83 (7.93% Upside)
$39.83 (7.93% 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 ▼ 0.2%
Last 30 Days ▲ 2.2%
Last 30 Days ▲ 2.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
30.40%
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 Months Forecast
Average Price Target
$39.83
▲(7.93% Upside)
Technical Analysis
Best Analysts Covering BAC
1 Year
1 Year Success Rate
23/33 ratings generated profit
1 Year Average Return
+19.23%
reiterated a buy rating 17 days ago
Copying Mike Mayo's trades and holding each position for 1 Year would result in 69.70% of your transactions generating a profit, with an average return of +19.23% per trade.
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