Bank Of America Stock Today
| BAC Stock | USD 30.66 0.13 0.43% |
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B of A is trading at 30.66 as of the 7th of December 2023, a 0.43 percent increase since the beginning of the trading day. The stock's open price was 30.53. B of A has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Bank Of America are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of November 2023 and ending today, the 7th of December 2023. Please note, there could be an existing legal relationship between Bank Of America (BAC) and Bank Of America (BAC-PE). Click here to learn more.
Business Domain Banks | IPO Date 13th of January 1978 | Category Financial Services | Classification Financials |
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. The company was founded in 1784 and is based in Charlotte, North Carolina. The company has 7.91 B outstanding shares of which 66.55 M shares are currently shorted by investors with about 1.27 days to cover. More on Bank Of America
Moving together with BAC Stock
| + | 0.93 | C | Citigroup | Aggressive Push | PairCorr | |
| + | 0.87 | CM | Canadian Imperial Bank | Financial Report 23rd of February 2024 | PairCorr | |
| + | 0.86 | RY | Royal Bank | Fiscal Quarter End 31st of January 2024 | PairCorr | |
| + | 0.84 | TD | Toronto Dominion Bank | Fiscal Quarter End 31st of January 2024 | PairCorr | |
| + | 0.85 | EWBC | East West Bancorp | Fiscal Quarter End 31st of December 2023 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Fiscal Quarter End 31st of December 2023
BAC Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. B of A's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding B of A or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, B of A's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to B of A's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Related Entity | BAC-PE (Bank Of America) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Vice Chairman | Gary Lynch | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 5 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SEC Filings | B of A Security & Exchange Commission EDGAR Reports | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Bank Of America Corp, Bank of America Corporation, BARU FPO] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Diversified Banks, Banks - Diversified, Financial Services, NYSE Composite, SP 500 Index, SP 100 Index, SP 100, ARCA Institutional, Hedge Favorites, Baby Boomer Prospects, FinTech, Momentum, Investor Favorites (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering B of A report their recommendations after researching B of A's financial statements, talking to executives and customers, or listening in on B of A's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Bank Of America. The BAC consensus assessment is calculated by taking the average forecast from all of the analysts covering B of A. Hold19 Opinions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Piotroski F Score Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Bank Of America based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Bank Of America financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks. PoorDetails
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| Macroaxis Advice The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of B of A's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details BuyUndervalued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bank Of America (BAC) is traded on New York Stock Exchange in USA. It is located in Bank of America Corporate Center, Charlotte, NC, United States, 28255 and employs 213,000 people. B of A is listed under Diversified Banks category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a total capitalization of 243.9 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate B of A's market, we take the total number of its shares issued and multiply it by B of A's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Bank Of America runs under Banks sector within Financials industry. The entity has 7.91 B outstanding shares of which 66.55 M shares are currently shorted by investors with about 1.27 days to cover.
Bank Of America has about 733.43 B in cash with (6.33 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 91.42, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check B of A Probability Of Bankruptcy
OwnershipB of A holds a total of seven billion nine hundred thirteen million seven hundred thirty thousand fourty-eight outstanding shares. The majority of Bank Of America outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Bank Of America to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in B of A. Please pay attention to any change in the institutional holdings of Bank Of America as this could imply that something significant has changed or about to change at the company. Please note that no matter how much assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Ownership Allocation
Check BAC Ownership DetailsBAC Stock Price Odds Analysis
What are B of A's target price odds to finish over the current price? Based on a normal probability distribution, the odds of B of A jumping above the current price in 90 days from now is under 4%. The Bank Of America probability density function shows the probability of B of A stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.745 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, B of A will likely underperform. Additionally, the company has an alpha of 0.0993, implying that it can generate a 0.0993 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of B of A to move above the current price in 90 days from now is under 4 (This Bank Of America probability density function shows the probability of BAC Stock to fall within a particular range of prices over 90 days) .
BAC Stock Institutional Holders
Institutional Holdings refers to the ownership stake in B of A that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of B of A's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing B of A's value.| Instituion | Recorded On | Shares | |
| Franklin Resources Inc | 2023-09-30 | 53.7 M | |
| Harris Associates L.p. | 2023-09-30 | 52.4 M | |
| Bank Of New York Mellon Corp | 2023-09-30 | 52.4 M | |
| Amvescap Plc. | 2023-09-30 | 49.6 M | |
| Legal & General Group Plc | 2023-09-30 | 46 M | |
| Ameriprise Financial Inc | 2023-09-30 | 45.9 M | |
| Barclays Plc | 2023-09-30 | 41.3 M | |
| Charles Schwab Investment Management Inc | 2023-09-30 | 40.5 M | |
| Goldman Sachs Group Inc | 2023-09-30 | 38.8 M | |
| Berkshire Hathaway Inc | 2023-09-30 | 1 B | |
| Vanguard Group Inc | 2023-09-30 | 608.8 M |
B of A Historical Income Statement
Bank Of America Income Statement is one of the three primary financial statements used for reporting BAC's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Bank Of America revenue and expense. B of A Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, B of A's Preferred Dividends Income Statement Impact is projected to increase significantly based on the last few years of reporting. . The current year's Revenues is expected to grow to about 100.7 B, whereas Consolidated Income is forecasted to decline to about 25.3 B. View More FundamentalsBAC Stock Against Markets
Picking the right benchmark for B of A stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in B of A stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for B of A is critical whether you are bullish or bearish towards Bank Of America at a given time. Please also check how B of A's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in B of A without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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B of A Corporate Directors
B of A corporate directors refer to members of a B of A board of directors. The board of directors generally takes responsibility for the B of A's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of B of A's board members must vote for the resolution. The B of A board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Frank Bramble | Independent Director | Profile | |
| Susan Bies | Independent Director | Profile | |
| Thomas Woods | Independent Director | Profile | |
| Sharon Allen | Independent Director | Profile |
How to buy BAC Stock?
Before investing in B of A, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in B of A. To buy B of A stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of B of A. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase B of A stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Bank Of America stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Bank Of America stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Bank Of America, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy BAC Stock please use our How to Invest in B of A guide.
Already Invested in Bank Of America?
The danger of trading Bank Of America is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of B of A is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than B of A. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank Of America is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Bank Of America offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of B of A's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Bank Of America Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Bank Of America Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank Of America. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Bank Of America information on this page should be used as a complementary analysis to other B of A's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for BAC Stock analysis
When running B of A's price analysis, check to measure B of A's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy B of A is operating at the current time. Most of B of A's value examination focuses on studying past and present price action to predict the probability of B of A's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move B of A's price. Additionally, you may evaluate how the addition of B of A to your portfolios can decrease your overall portfolio volatility.
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Is B of A's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of B of A. If investors know BAC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about B of A listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.111 | Dividend Share 0.9 | Earnings Share 3.54 | Revenue Per Share 12.017 | Quarterly Revenue Growth 0.014 |
The market value of Bank Of America is measured differently than its book value, which is the value of BAC that is recorded on the company's balance sheet. Investors also form their own opinion of B of A's value that differs from its market value or its book value, called intrinsic value, which is B of A's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because B of A's market value can be influenced by many factors that don't directly affect B of A's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between B of A's value and its price as these two are different measures arrived at by different means. Investors typically determine if B of A is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, B of A's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.