Bank of America Corporation (BAC)
- Previous Close
37.71 - Open
37.53 - Bid 38.29 x 4000
- Ask 38.37 x 3000
- Day's Range
37.46 - 38.42 - 52 Week Range
24.96 - 38.49 - Volume
23,164,594 - Avg. Volume
39,344,675 - Market Cap (intraday)
299.364B - Beta (5Y Monthly) 1.38
- PE Ratio (TTM)
13.20 - EPS (TTM)
2.90 - Earnings Date Jul 16, 2024
- Forward Dividend & Yield 0.96 (2.55%)
- Ex-Dividend Date Jun 7, 2024
- 1y Target Est
37.03
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. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.
www.bankofamerica.com212,000
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: BAC
Performance Overview: BAC
Trailing total returns as of 5/9/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: BAC
Valuation Measures
Market Cap
294.91B
Enterprise Value
--
Trailing P/E
13.00
Forward P/E
11.60
PEG Ratio (5yr expected)
3.87
Price/Sales (ttm)
3.09
Price/Book (mrq)
1.11
Enterprise Value/Revenue
--
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
26.81%
Return on Assets (ttm)
0.77%
Return on Equity (ttm)
8.72%
Revenue (ttm)
93.36B
Net Income Avi to Common (ttm)
23.35B
Diluted EPS (ttm)
2.90
Balance Sheet and Cash Flow
Total Cash (mrq)
830.73B
Total Debt/Equity (mrq)
--
Levered Free Cash Flow (ttm)
--
Research Analysis: BAC
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Research Reports: BAC
The Nasdaq 100 (QQQ) rebounded to its 21-day exponential average and a 50% retracement of the recent pullback on Friday, and then stalled.
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Argus Quick Note: Weekly Stock List for 04/22/2024: Leaning Into Higher Rates
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Bank of America Earnings: Investment Banking, Asset Management Keep Fees Strong but Charge-Offs Rose
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
RatingPrice TargetBank of America Earnings: Investment Banking, Asset Management Keep Fees Strong but Charge-Offs Rose
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
RatingPrice Target