Bank Of America Stock Today

BAC Stock  USD 38.82  0.47  1.20%   

Performance

15 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 6

 
High
 
Low
Low
Bank of America is trading at 38.82 as of the 21st of May 2024, a -1.2 percent decrease since the beginning of the trading day. The stock's open price was 39.29. Bank of America has only a 6 % chance of going through financial distress over the next few years and had a good performance during the last 90 days. Note, on April 5, 2024, Representative Ro Khanna of US Congress acquired under $15k worth of Bank of America's common stock.
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 7.82 B outstanding shares of which 72.03 M shares are currently shorted by investors with about 1.75 days to cover. More on Bank of America

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Bank 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. Bank of America's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Bank of America 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, Bank of America's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Bank of America's managers, analysts, and investors.
Environmental
Governance
Social
Vice Chairman of the BoardPaul Donofrio
Thematic Ideas
Showing 3 out of 6 themes
Old Names[Bank of America Corporation, Bank of America Corp]
Business ConcentrationDiversified Banks, Banks - Diversified, Financial Services, NYSE Composite, SP 500 Index, SP 100 Index, SP 100, KBW Bank, NYSE 100 Index, BETTERINVESTING 100 INDEX, Warren Buffett Holdings, FinTech, Baby Boomer Prospects, Momentum, Hedge Favorites, Investor Favorites, Financials, Banks, Banks—Diversified, Financial Services (View all Sectors)
Average Analyst Recommendation
Analysts covering Bank of America report their recommendations after researching Bank of America's financial statements, talking to executives and customers, or listening in on Bank of America's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Bank of America. The Bank consensus assessment is calculated by taking the average forecast from all of the analysts covering Bank of America.
Financial Strength
Based on the key measurements obtained from Bank of America's financial statements, Bank of America may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Bank of America is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.00960.0083
Fairly Up
Slightly volatile
Asset Turnover0.04710.031
Way Up
Slightly volatile
Gross Profit Margin0.70.9554
Way Down
Slightly volatile
Total Current LiabilitiesT958.6 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total991.7 B1.9 T
Way Down
Very volatile
Total Assets1.7 T3.2 T
Way Down
Slightly volatile
Total Current AssetsT981 B
Sufficiently Up
Slightly volatile
Bank of America's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Bank of America's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Bank of America's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Bank of America's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Bank of America's financial leverage. It provides some insight into what part of Bank of America's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Bank of America's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Bank of America deploys its capital and how much of that capital is borrowed.
Liquidity
Bank of America cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 334.3 B in debt with debt to equity (D/E) ratio of 7.37, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Debt can assist Bank of America until it has trouble settling it off, either with new capital or with free cash flow. So, Bank of America's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Bank of America sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Bank to invest in growth at high rates of return. When we think about Bank of America's use of debt, we should always consider it together with cash and equity.

Stock Based Compensation

5.37 Billion
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 212,000 people. Bank of America 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 307.26 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Bank of America's market, we take the total number of its shares issued and multiply it by Bank of America'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 7.82 B outstanding shares of which 72.03 M shares are currently shorted by investors with about 1.75 days to cover. Bank of America has about 733.43 B in cash with 44.98 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 Bank of America Probability Of Bankruptcy
Ownership Allocation
Bank of America holds a total of 7.82 Billion outstanding shares. Over half of Bank of America's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in Bank of America. Please watch out for any change in the institutional holdings of Bank of America as this could mean something significant has changed or is about to change at the company. Please note that on April 5, 2024, Representative Ro Khanna of US Congress acquired under $15k worth of Bank of America's common stock.
Check Bank Ownership Details

Bank Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Bank of America that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Bank of America'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 Bank of America's value.
InstituionRecorded OnShares
Dodge & Cox2023-12-31
66.3 M
Northern Trust Corp2023-12-31
64.2 M
Legal & General Group Plc2023-12-31
57.2 M
Bank Of New York Mellon Corp2023-12-31
55.3 M
Harris Associates L.p.2023-12-31
54.5 M
Ameriprise Financial Inc2023-12-31
54.2 M
Amvescap Plc.2023-12-31
47.5 M
Charles Schwab Investment Management Inc2023-12-31
41.8 M
Franklin Resources Inc2023-12-31
41.6 M
Berkshire Hathaway Inc2023-12-31
B
Vanguard Group Inc2023-12-31
608.3 M
View Bank of America Diagnostics

Bank of America Historical Income Statement

Bank of America Income Statement is one of the three primary financial statements used for reporting Bank'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. Bank of America Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Bank of America's Total Operating Expenses is projected to increase significantly based on the last few years of reporting. The current year's Total Other Income Expense Net is expected to grow to about 29.8 B, whereas Depreciation And Amortization is forecasted to decline to about 1.6 B. View More Fundamentals

Bank Stock Against Markets

Picking the right benchmark for Bank of America 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 Bank of America 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 Bank of America is critical whether you are bullish or bearish towards Bank of America at a given time. Please also check how Bank of America'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 Bank of America 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.

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Risk-Return Analysis

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Bank of America Corporate Directors

Bank of America corporate directors refer to members of a Bank of America board of directors. The board of directors generally takes responsibility for the Bank of America'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 Bank of America's board members must vote for the resolution. The Bank of America board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Frank BrambleIndependent DirectorProfile
Susan BiesIndependent DirectorProfile
Thomas WoodsIndependent DirectorProfile
Sharon AllenIndependent DirectorProfile

How to buy Bank Stock?

Before investing in Bank of America, 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 Bank of America. To buy Bank of America stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Bank of America. 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 Bank of America 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 Bank Stock please use our How to Invest in Bank of America 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 Bank of America 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 Bank of America. The Sharpe 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 Bank of America'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.
For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.
Note that the Bank of America information on this page should be used as a complementary analysis to other Bank of America'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

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When running Bank of America's price analysis, check to measure Bank of America'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 Bank of America is operating at the current time. Most of Bank of America's value examination focuses on studying past and present price action to predict the probability of Bank of America's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of America's price. Additionally, you may evaluate how the addition of Bank of America to your portfolios can decrease your overall portfolio volatility.
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Is Bank of America'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 Bank of America. If investors know Bank 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 Bank of America 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
(0.19)
Dividend Share
0.94
Earnings Share
2.9
Revenue Per Share
11.664
Quarterly Revenue Growth
(0.03)
The market value of Bank of America is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of America's value that differs from its market value or its book value, called intrinsic value, which is Bank of America'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 Bank of America's market value can be influenced by many factors that don't directly affect Bank of America'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 Bank of America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of America'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.