Should I buy or sell Bank of America stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BAC, but not buy additional shares or sell existing shares. View BAC analyst ratings or view top-rated stocks .

What is Bank of America's stock price target for 2024?

16 equities research analysts have issued 1-year target prices for Bank of America's stock. Their BAC share price targets range from $27.50 to $46.00. On average, they predict the company's share price to reach $38.29 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price. View analysts price targets for BAC or view top-rated stocks among Wall Street analysts .

How have BAC shares performed in 2024?

Bank of America's stock was trading at $33.67 at the start of the year. Since then, BAC stock has increased by 2.7% and is now trading at $34.57. View the best growth stocks for 2024 here .

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in March. As of March 31st, there was short interest totaling 72,080,000 shares, an increase of 6.3% from the March 15th total of 67,790,000 shares. Based on an average trading volume of 40,330,000 shares, the short-interest ratio is currently 1.8 days. Approximately 0.9% of the company's stock are short sold. View Bank of America's Short Interest .

When is Bank of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 16th 2024. View our BAC earnings forecast .

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) posted its earnings results on Tuesday, October, 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.07. The financial services provider earned $25.20 billion during the quarter, compared to analyst estimates of $25.13 billion. Bank of America had a net margin of 15.42% and a trailing twelve-month return on equity of 11.38%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 earnings per share. Read the conference call transcript .

How often does Bank of America pay dividends? What is the dividend yield for Bank of America?

Bank of America declared a quarterly dividend on Wednesday, January 31st. Shareholders of record on Friday, March 1st will be given a dividend of $0.24 per share on Friday, March 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Thursday, February 29th. Read our dividend analysis for BAC .

Is Bank of America a good dividend stock?

Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.68%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 28.32% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BAC .

What ETFs hold Bank of America's stock?

ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO) , Invesco KBW Bank ETF (KBWB) , Invesco S&P 500 Enhanced Value ETF (SPVU) , iShares U.S. Financial Services ETF (IYG) , iShares U.S. Financials ETF (IYF) , Financial Select Sector SPDR Fund (XLF) , iMGP Berkshire Dividend Growth ETF (BDVG) and Fidelity MSCI Financials Index ETF (FNCL) .

What is Brian T. Moynihan's approval rating as Bank of America's CEO?

10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Glassdoor.com . Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Bank of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM) , AT&T (T) , Micron Technology (MU) , General Electric (GE) , Intel (INTC) , Citigroup (C) , Alibaba Group (BABA) , NVIDIA (NVDA) , Walt Disney (DIS) and Wells Fargo & Company (WFC) .

Who are Bank of America's major shareholders?

Bank of America's stock is owned by a number of institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.03%), IMC Chicago LLC (0.00%), Gateway Investment Advisers LLC (0.03%), Daily Journal Corp (0.03%), Los Angeles Capital Management LLC (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Andrew M Sieg , Dean C Athanasia , Frank P Bramble , James P Demare , Matthew M Koder , Of America Corp /De/ Bank and Thong M Nguyen . View institutional ownership trends .

How do I buy shares of Bank of America?

Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Bank of America have any subsidiaries?

The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited. Read More

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NYSE:BAC

Bank of America (BAC) Stock Price, News & Analysis

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$34.66

-1.29 (-3.59%)

(As of 03:57 PM ET)

Compare

Today's Range: $34.15
▼
$36.17
50-Day Range: $32.75
▼
$37.92
52-Week Range: $24.96
▼
$38.35

Volume: 83.59 million shs
Average Volume: 40.94 million shs
Market Capitalization: $273.49 billion

P/E Ratio: 11.29
Dividend Yield: 2.77%
Price Target: $38.29

Get Bank of America alerts:

Bank of America MarketRank™ Stock Analysis

Analyst Rating: Hold
2.44 Rating Score
Upside/Downside: 10.8% Upside
$38.29 Price Target
Short Interest: Healthy
0.92% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: 0.36
Based on 66 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.31%
From $3.13 to $3.39 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.70 out of 5 stars

Financial Services Sector

9th out of 20 stocks

Banks - Diversified Industry

1st out of 1 stocks

3.2

Analyst's Opinion

Consensus Rating
Bank of America has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 8 buy ratings, 7 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Bank of America has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.92% of the float of Bank of America has been sold short.
Short Interest Ratio / Days to Cover
Bank of America has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bank of America has recently increased by 6.33%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Bank of America pays a meaningful dividend of 2.68%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Bank of America has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Bank of America is 31.27%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of America will have a dividend payout ratio of 28.32% next year. This indicates that Bank of America will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bank of America has received a 37.20% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Corporate banking services", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Bank of America is -0.50.

2.4

News and Social Media Coverage

News Sentiment
Bank of America has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 66 news articles for Bank of America this week, compared to 22 articles on an average week.
Search Interest
Only 165 people have searched for BAC on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.
MarketBeat Follows
143 people have added Bank of America to their MarketBeat watchlist in the last 30 days. This is an increase of 297% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of America insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.29% of the stock of Bank of America is held by insiders.
Percentage Held by Institutions
70.71% of the stock of Bank of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Bank of America are expected to grow by 8.31% in the coming year, from $3.13 to $3.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of America is 11.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of America is 11.26, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 449.24.
Price to Earnings Growth Ratio
Bank of America has a PEG Ratio of 1.63. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of America has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Bank of America Stock (NYSE:BAC)

Bank of America has a rich history dating back to 1800 and even earlier. It was begun by immigrants as a group of separate and unrelated banks that, over the years, merged and grew together. One such is the Bank of Italy which was founded in 1904 by Amadeo Giannini to serve Italian immigrants that were facing discrimination. He later buys out the Banca de America e de Italia (Bank of America and Italy) which was also located in San Francisco. Over the years additional mergers and changes in Federal banking legislation, as well as the boom brought on by WWI and then WWII, helped boost the bank to national prominence.

Things turned sour, however, in 1998 with a major bond default that led to yet another merger, this time with Charlotte, NC-based Nations Bank to officially become the Bank of America that exists today. At the time, the merger was the largest bank merger in history and the company has only grown in the time since.

Other additions to the new Bank of America include MBNA (a major credit card operator), Fleet Boston (then the US 7th largest and one of its oldest banks), and Merril Lynch, now Merril, which was added to the group in 2008 to provide an investment banking branch. Together the company dominates as one of the Big Four Banks in America. Bank of America lays claim to nearly 11% of all US deposits which ranks in line with its peer group and Bank of America Securities is listed as the world’s 3rd largest investment bank.

Today, Bank of America Corporation provides banking and financial services for individuals, small businesses, institutions, corporations, and governments worldwide. The bank operates in three segments Consumer Banking, Global Wealth & Investment Management, and Global Banking bringing in a combined revenue greater than $90 billion in 2022.

As of 2022, Bank of America serves approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers. The bank also operates more than 16,000 ATMs and digital banking platforms with approximately 41 million active users.

Its Consumer Banking segment offers traditional banking and investment products for retail clients. These range from deposit accounts to savings, credit cards, consumer loans, and IRAs. The Global Wealth & Investment Management segment offers investment and wealth management solutions including, brokerage, banking, and trust and retirement products. The Global Banking segment provides lending products and services, including commercial loans and leases for businesses of all varieties. The Global Markets segment offers market-making, clearing, settlement, and custody services, as well as risk management, derivatives, and FX exchange services.

BAC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BAC Stock News Headlines

April 16, 2024 | marketbeat.com

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Bank of America's 1Q profits fall 18% on higher expenses, charge-offs

Bank of America said its first-quarter profits fell 18%, as the bank dealt with higher expenses due to the impact of higher interest rates

April 16, 2024 | Banyan Hill Publishing (Ad)

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Citi's Results Say This About The Stock Market

Traders who postpone the potential interest rate cuts from the Federal Reserve (the Fed) could be in for a reckoning. According to the FedWatch tool at CME Group Inc., the Fed started the year proposing cuts as soon as March 2024; traders now see these cuts pushed back as far as September 2024.

April 15, 2024 | marketbeat.com

Citi’s Results Say This About The Stock Market (BAC)

Investors now have an inside look at what one of Wall Street's biggest names is doing with its money. Corporations and clients all see new highs in stocks

April 11, 2024 | marketbeat.com

3 High Dividend Stocks to Replace Lower Savings Yields Ahead (BAC)

Three stocks stand out as the most attractive dividend propositions, particularly now that savings yields may drop as a result of the Fed's rate cuts

April 5, 2024 | marketbeat.com

US jobs report for March is likely to point to slower but still-solid hiring

The American economy is thought to have added 200,000 jobs in March — a more-than-respectable increase though one that would mark a slowdown from February’s vigorous gain of 275,000 and last year’s monthly average increase of 251,000

April 4, 2024 | marketbeat.com

3 Stocks About to Book Gains on Building Products Demand

Investors often follow the latest trends in the U.S. economy and attempt to align their portfolios with the best industries, some of which could have a breakout in the coming months. The construction industry is one example, as the ISM Manufacturing PMI index and its cousin, the ISM Services PMI index, indicate a new expansionary trend in the space.

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3 Stocks About to Book Gains on Building Products Demand (BAC)

Wall Street likes the new trend breakout in these construction and wood stocks, analysts think EPS could soar above other peers as markets bid them higher.

April 3, 2024 | marketbeat.com

3 Manufacturing Stocks Leading the Export Wave

The global economy is taking a turn this quarter, with the United States and China leading the way. After reporting a year of consecutive contraction, the U.S. manufacturing sector has finally pushed out its first expansionary reading during March 2024.

April 3, 2024 | marketbeat.com

3 Manufacturing Stocks Leading the Export Wave (BAC)

A manufacturing breakout in the U.S. is underway, and these three stocks are quickly becoming favorites of analysts and institutions in the second quarter

April 16, 2024 | fxstreet.com

Bank of America ($BAC) found buyers at the blue box area as expected

April 16, 2024 | fool.com

Why Bank of America Stock Is Under Pressure Today

April 16, 2024 | investorplace.com

BAC Stock Earnings: Bank of America Beats EPS, Beats Revenue for Q1 2024

April 16, 2024 | reuters.com

Big banks led by Citi continue layoffs amid pressure to cut costs

April 16, 2024 | pymnts.com

Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion

April 16, 2024 | sfgate.com

Bank of America: Q1 Earnings Snapshot

April 16, 2024 | markets.businessinsider.com

Bank of America Corporation Bottom Line Declines In Q1, misses estimates

April 16, 2024 | markets.businessinsider.com

Bank Of America Q1 Results Tops Estimates

April 16, 2024 | finance.yahoo.com

Bank of America, Morgan Stanley stocks up on Q1 earnings beat

April 16, 2024 | bizjournals.com

Bank of America's net income, revenue drops in first quarter, still beating analysts' projections

April 16, 2024 | msn.com

Bank of America Q1 earnings top consensus, aided by investment banking rebound

April 16, 2024 | finance.yahoo.com

Bank of America Corp (BAC) Earnings: A Mixed Performance Against Analyst Estimates

April 16, 2024 | finance.yahoo.com

Stocks to Watch Tuesday: UnitedHealth, Tesla, J&J, Morgan Stanley

April 16, 2024 | nytimes.com

Lawmakers Question Bank of America About Leon Black’s Payments to Epstein

April 16, 2024 | investopedia.com

Bank of America Posts Better-Than-Forecast Earnings, Net Interest Income

See More Headlines

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Company Calendar

Last Earnings: 10/17/2023
Ex-Dividend for 3/29 Dividend: 2/29/2024
Dividend Payable: 3/29/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/16/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
Current Symbol: NYSE:BAC
CUSIP: N/A
CIK: 70858
Web: www.bankofamerica.com
Phone: (704) 386-5681
Fax: 704-386-8009
Employees: 213,000
Year Founded: 1998

Price Target and Rating

Average Stock Price Target: $38.29
High Stock Price Target: $46.00
Low Stock Price Target: $27.50
Potential Upside/Downside: +6.5%
Consensus Rating: Hold
Rating Score (0-4): 2.44
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.07
Trailing P/E Ratio: 11.71
Forward P/E Ratio: 11.49
P/E Growth: 1.63
Net Income: $26.52 billion
Net Margins: 15.42%
Pretax Margin: 16.49%
Return on Equity: 11.38%
Return on Assets: 0.93%

Debt

Debt-to-Equity Ratio: 1.15
Current Ratio: 0.80
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $171.91 billion
Price / Sales: 1.65
Cash Flow: $3.93 per share
Price / Cash Flow: 9.15
Book Value: $33.26 per share
Price / Book: 1.08

Miscellaneous

Outstanding Shares: 7,890,640,000
Free Float: 7,867,756,000
Market Cap: $283.67 billion
Optionable: Optionable
Beta: 1.39

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Key Executives

Mr. Brian Thomas Moynihan (Age 65)
Chairman, CEO & President
Comp: $1.89M
Mr. Alastair M. Borthwick (Age 55)
Chief Financial Officer
Comp: $4.35M
Mr. Matthew M. Koder (Age 52)
President of Global Corporate & Investment Banking
Comp: $5.97M
Mr. Dean C. Athanasia (Age 57)
President of Regional Banking
Comp: $5.1M
Mr. James P. DeMare (Age 54)
President of Global Markets
Comp: $7.05M
Mr. Thomas M. Scrivener (Age 52)
Chief Operations Executive
Mr. Christopher M. Hyzy
Chief Investment Officer
Mr. Rudolf A. Bless
Chief Accounting Officer
Mr. Aditya Bhasin (Age 50)
Chief Technology & Information Officer
Mr. Darrin Steve Boland (Age 55)
Chief Administrative Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy Bank of America Stock? BAC Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Bank of America:

Bank of America reported a strong return on equity of 11.38%, indicating efficient use of shareholder funds to generate profits.
The company announced a quarterly dividend of $0.24 per share, providing investors with a steady income stream.
Bank of America's stock has a consensus rating of "Moderate Buy" with a target price of $36.15, suggesting potential for price appreciation.
The firm's net margin of 15.42% reflects its ability to convert revenue into profit, a positive indicator for investors.
Bank of America operates in diverse segments like Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets, offering investors exposure to various financial services.

Cons

Investors should be bearish about investing in Bank of America for these reasons:

Bank of America's revenue was down 10.2% on a year-over-year basis, indicating a decline in top-line growth.
One investment analyst has rated the stock with a sell rating, suggesting some market participants have a negative outlook on the company.
The company's payout ratio of 31.27% may limit future dividend growth potential as a higher ratio indicates a larger portion of earnings being paid out as dividends.
Recent target price adjustments by analysts, such as Barclays raising it from $39.00 to $43.00, may signal uncertainty or volatility in the stock's performance.
Bank of America's quarterly revenue of $22 billion fell short of analysts' expectations of $23.70 billion, potentially indicating challenges in revenue generation.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these Bank of America pros and cons to contact@marketbeat.com.

BAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of America stock right now?: 16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BAC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BAC, but not buy additional shares or sell existing shares.
View BAC analyst ratings or view top-rated stocks.
What is Bank of America's stock price target for 2024?: 16 equities research analysts have issued 1-year target prices for Bank of America's stock. Their BAC share price targets range from $27.50 to $46.00. On average, they predict the company's share price to reach $38.29 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price.
View analysts price targets for BAC or view top-rated stocks among Wall Street analysts.
How have BAC shares performed in 2024?: Bank of America's stock was trading at $33.67 at the start of the year. Since then, BAC stock has increased by 2.7% and is now trading at $34.57.
View the best growth stocks for 2024 here.
Are investors shorting Bank of America?: Bank of America saw a increase in short interest in March. As of March 31st, there was short interest totaling 72,080,000 shares, an increase of 6.3% from the March 15th total of 67,790,000 shares. Based on an average trading volume of 40,330,000 shares, the short-interest ratio is currently 1.8 days. Approximately 0.9% of the company's stock are short sold.
View Bank of America's Short Interest.
When is Bank of America's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 16th 2024.
View our BAC earnings forecast.
How were Bank of America's earnings last quarter?: Bank of America Co. (NYSE:BAC) posted its earnings results on Tuesday, October, 17th. The financial services provider reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.07. The financial services provider earned $25.20 billion during the quarter, compared to analyst estimates of $25.13 billion. Bank of America had a net margin of 15.42% and a trailing twelve-month return on equity of 11.38%. The business's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 earnings per share.
Read the conference call transcript.
How often does Bank of America pay dividends? What is the dividend yield for Bank of America?: Bank of America declared a quarterly dividend on Wednesday, January 31st. Shareholders of record on Friday, March 1st will be given a dividend of $0.24 per share on Friday, March 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Thursday, February 29th.
Read our dividend analysis for BAC.
Is Bank of America a good dividend stock?: Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.68%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 28.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

What ETFs hold Bank of America's stock?: ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO), Invesco KBW Bank ETF (KBWB), Invesco S&P 500 Enhanced Value ETF (SPVU), iShares U.S. Financial Services ETF (IYG), iShares U.S. Financials ETF (IYF), Financial Select Sector SPDR Fund (XLF), iMGP Berkshire Dividend Growth ETF (BDVG) and Fidelity MSCI Financials Index ETF (FNCL).
What is Brian T. Moynihan's approval rating as Bank of America's CEO?: 10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Glassdoor.com. Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Bank of America own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU), General Electric (GE), Intel (INTC), Citigroup (C), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS) and Wells Fargo & Company (WFC).
Who are Bank of America's major shareholders?: Bank of America's stock is owned by a number of institutional and retail investors. Top institutional investors include Douglas Lane & Associates LLC (0.03%), IMC Chicago LLC (0.00%), Gateway Investment Advisers LLC (0.03%), Daily Journal Corp (0.03%), Los Angeles Capital Management LLC (0.02%) and Czech National Bank (0.02%). Insiders that own company stock include Andrew M Sieg, Dean C Athanasia, Frank P Bramble, James P Demare, Matthew M Koder, Of America Corp /De/ Bank and Thong M Nguyen.
View institutional ownership trends.
How do I buy shares of Bank of America?: Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Bank of America have any subsidiaries?: The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited.
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This page (NYSE:BAC) was last updated on 4/16/2024 by MarketBeat.com Staff

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Bank of America (BAC) Stock Price, News & Analysis

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