Bank Of America logo

BAC - Bank Of America Share Price

$28.11 1.3  5.0%

Last Trade - 05/06/20

Sector
Financials
Size
Large Cap
Market Cap £192.59bn
Enterprise Value £371.69bn
Revenue £71.87bn
Position in Universe 25th / 6325
Bullish
Bearish
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52w High
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Qualifying GuruScreens
Financial Summary
FINANCIAL BRIEF: : For the three months ended 31 March 2020, Bank of America Corp interest income decreased 11% to $16.1B. Net interest income after loan loss provision decreased 3% to $10.97B. Net income applicable to common stockholders decreased 48% to $3.54B. Net interest income after loan loss provision reflects Global Banking segment decrease of 81% to $519M, Consumer Banking segment decrease of 25% to $4.6B, Net Interest Margin.
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Recent History
Latest interim period vs. prior period Industry Market
3yr Compound Annual Growth Rate Industry Market
Graphical History

Revenue

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Net Income

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Normalised EPS

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PE Ratio Range

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Dividend Yield Range

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Analyst Forecasts
Price Target:
( below Price)
31st Dec 2020
31st Dec 2021
Est. Long Term Growth Rate: Net Profit
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Strong Sell Sell Hold Buy Strong Buy
EPS 2019 /  2020
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Profile Summary

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Directors
Last Annual December 31st, 2019
Last Interim March 31st, 2020
Incorporated July 31, 1998
Public Since June 5, 1979
No. of Shareholders: 161,882
No. of Employees: 209,000
Sector Financials
Industry Banking Services
Index S&P Composite 1500 , S&P 500 Financial (sector), S&P 500 ,
Exchange New York Stock Exchange
Shares in Issue 8,675,610,948
Free Float (0.0%)
Eligible for
ISAs
SIPPs
BAC Share Price Performance
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Latest News for BAC
Upcoming Events for BAC
Monday 8th June, 2020
Bank of America Merrill Lynch Catering Day
Monday 8th June, 2020
Bank of America Merrill Lynch Securities Innovative China Conference (Virtual)
Tuesday 9th June, 2020
Bank of America Corp at Morgan Stanley Virtual US Financials Conference
Thursday 11th June, 2020
Dividend For MER_pk.N - 0.4031 USD
Tuesday 16th June, 2020
Bank of America Merrill Lynch TMT Conference
Tuesday 23rd June, 2020
Bank of America Merrill Lynch Napa Healthcare Conference
Thursday 9th July, 2020
Dividend For BACRP.PK - 1.7500 USD
Thursday 16th July, 2020
Q2 2020 Bank of America Corp Earnings Release
Thursday 16th July, 2020
Q2 2020 Bank of America Corp Earnings Call
Friday 11th September, 2020
Dividend For MER_pk.N - 0.4031 USD
Tuesday 15th September, 2020
Bank of America Merrill Lynch Tower Global Real Estate Conference
Wednesday 16th September, 2020
Bank of America Merrill Lynch Global Healthcare Conference
Sunday 20th September, 2020
Bank of America Merrill Lynch Financials CEO Conference
Wednesday 14th October, 2020
Q3 2020 Bank of America Corp Earnings Release
Wednesday 14th October, 2020
Q3 2020 Bank of America Corp Earnings Call
Frequently Asked Questions for Bank of America
What is the Bank of America share price?

As of 05/06/20, shares in Bank of America are trading at $28.11, giving the company a market capitalisation of £192.59bn. This share price information is delayed by 15 minutes.

How has the Bank of America share price performed this year?

Shares in Bank of America are currently trading at $28.11 and the price has moved by 0.82% over the past 365 days. In terms of relative price strength - which takes into account the overall market trend - the Bank of America price has moved by -6.92% over the past year.

What are the analyst and broker recommendations for Bank of America?

Of the analysts with advisory recommendations for Bank of America, there are there are currently 3 "buy" , 11 "hold" and 0 "sell" recommendations. The overall consensus recommendation for Bank of America is Hold. You can view the full broker recommendation list by unlocking its StockReport.

When will Bank of America next release its financial results?

Bank of America is scheduled to issue upcoming financial results on the following dates:

Interim results are scheduled for: 2021-03-31
What is the Bank of America dividend yield?

The Bank of America dividend yield is 2.45% based on the trailing twelve month period.

Does Bank of America pay a dividend?

Last year, Bank of America paid a total dividend of 0.69, and it currently has a trailing dividend yield of 2.45%. Looking ahead, Bank of America has not announced an ex-dividend date yet and the next dividend pay date is 2020-06-26.

When does Bank of America next pay dividends?

Bank of America has yet to annouce their ex-dividend date and the next dividend pay date is 2020-06-26. The historic dividend yield on Bank of America shares is currently 2.45%.

How do I buy Bank of America shares?

To buy shares in Bank of America you'll need a share-dealing account with an online or offline stock broker. Once you have opened your account and transferred funds into it, you'll be able to search and select shares to buy and sell. You can use Stockopedia’s share research software to help you find the the kinds of shares that suit your investment strategy and objectives.

What is the market cap of Bank of America?

Shares in Bank of America are currently trading at $28.11, giving the company a market capitalisation of £192.59bn.

Where are Bank of America shares listed? Where are Bank of America shares listed?

Here are the trading details for Bank of America:

Country of listing: United States
Exchange: NYQ
Ticker Symbol: BAC
What kind of share is Bank of America?

Based on an overall assessment of its quality, value and momentum, Bank of America is currently classified as a Style Neutral. The classification is based on a composite score that examines a wide range of fundamental and technical measures. Stock are classified on the the following spectrum: Super Stocks, High Flyers, Contrarians, Turnarounds, Neutral, Value Traps, Momentum Traps, Falling Stars, and Sucker Stocks. For more information, learn about our StockRank Styles.

Is there a Bank of America share price forecast 2020?

Shares in Bank of America are currently priced at $28.11. At that level they are trading at 2.7% premium to the analyst consensus target price of 0.00.

Analysts covering Bank of America currently have a consensus Earnings Per Share (EPS) forecast of 1.448 for the next financial year.

How can I tell whether the Bank of America share price will go up?

An important predictor of whether a stock price will go up is its track record of momentum. Price trends tend to persist, so it's worth looking at them when it comes to a share like Bank of America. Over the past six months, the relative strength of its shares against the market has been -15.88%. At the current price of $28.11, shares in Bank of America are trading at -2.85% against their 200 day moving average. You can read more about the power of momentum in assessing share price movements on Stockopedia.

What is the Bank of America PE Ratio?

The Bank of America PE ratio based on its reported earnings over the past 12 months is 9.2. The shares are currently trading at $28.11.

The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. It is calculated by dividing a company's price per share by its earnings per share.

The PE ratio can be seen as being expressed in years, in the sense that it shows the number of years of earnings which would be required to pay back the purchase price, ignoring inflation. So in general terms, the higher the PE, the more expensive the stock is.

Who are the key directors of Bank of America?

Bank of America's management team is headed by:

Brian Moynihan - CHM
Dean Athanasia - CEX
Paul Donofrio - CFO
Kathleen Knox - CEX
Thong Nguyen - VCH
Andrew Sieg - CEX
Thomas Montag - COO
Andrea Smith - CAD
Catherine Bessant - COO
Sharon Allen - IND
Susan Bies - IND
Sheri Bronstein - CHO
Jack Bovender - LED
Frank Bramble - IND
Pierre de Weck - IND
Who are the major shareholders of Bank of America?

Here are the top five shareholders of Bank of America based on the size of their shareholding:

Berkshire Hathaway Inc. Insurance Company
Percentage owned: 10.66% (925.0m shares)
The Vanguard Group, Inc. Investment Advisor/Hedge Fund
Percentage owned: 7.27% (631.1m shares)
BlackRock Institutional Trust Company, N.A. Investment Advisor
Percentage owned: 4.02% (349.0m shares)
State Street Global Advisors (US) Investment Advisor/Hedge Fund
Percentage owned: 4% (347.0m shares)
Wellington Management Company, LLP Investment Advisor/Hedge Fund
Percentage owned: 2.72% (236.3m shares)
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