Bank of America Corporation
(BAC)
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39.29 USD +0.23
Closed: 17 May, 3:55 pm
Symbol BAC
Market Cap 307.2B
Price 39.29
Open 39.45
52-wk High 39.49
50 Day Avg 37.06
Earnings Announcement 2024-07-16
Website https://www.bankofamerica.com
Name Bank of America Corporation
Shares Outstanding 7,820,370,000
Change % 0.1785%
Low 39.16
52-wk Low 24.96
200 Day Avg 32.10
Last Dividend 0.96
Exchange NYSE
Volume 25,016,456
Previous Close 39.22
High 39.49
EPS 2.90
PE 13.55
Avg Volume 38,576,970
CUSIP 060505104
Bank of America Corporation Outlook
Description 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. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides 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, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
Currency USD
ISIN US0605051046
Industry Banks - Diversified
Changes 0.07
CUSIP 060505104
Range 24.96 - 39.49
Beta 1.38
CIK 0000070858

Bank of America Corporation News

17-May-2024 11:22 AM

Bank of America to acquire Washington Federal Bank's $3.2 billion loan portfolio

The Bank of America Corporation (BofA) is set to purchase Washington Federal Bank's portfolio of commercial multi-family real estate loans, valued at $3.2 billion. The announcement was made by Washington Federal, Inc. (WaFd), the parent company of Washington Federal Bank, in a regulatory filing on Friday.

17-May-2024 11:22 AM

Bank of America to acquire Washington Federal Bank's $3.2 billion loan portfolio

The Bank of America Corporation (BofA) is set to purchase Washington Federal Bank's portfolio of commercial multi-family real estate loans, valued at $3.2 billion. The announcement was made by Washington Federal, Inc. (WaFd), the parent company of Washington Federal Bank, in a regulatory filing on Friday.

17-May-2024 9:42 AM

Bank of America to buy WaFd's multi-family loan portfolio for $2.9 bln

WaFd Inc , the parent of Washington Federal Bank, has agreed to sell a portfolio of commercial multi-family real estate loans to Bank of America for $2.9 billion, it disclosed in a regulatory filing on Friday.

17-May-2024 6:48 AM

Bank of America forecasts an upturn after the worst performance for 30-year bonds in over 100 years

The total return on 30-year bonds has declined by 45% since April 2020, the worst four-year loss in over 100 years, according to strategists at Bank of America.

16-May-2024 4:15 PM

Bank of America Announces Full Redemption of its Series JJ Preferred Stock and Series U Preferred Stock and Related Depositary Shares

CHARLOTTE, N.C. , May 16, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series JJ (CUSIP No.

16-May-2024 1:41 PM

Final Trades: Bank of America, CrowdStrike, Citigroup & Berkshire Hathaway

The Investment Committee gives you their top stocks to watch for the second half.

16-May-2024 1:11 PM

Cisco gets Bank of America backing as growth due to accelerate

Cisco Systems Inc (NASDAQ:CSCO, ETR:CIS) has received backing from Bank of America analysts after beating expectations with third-quarter results on Wednesday. Bank of America reiterated a ‘buy' rating for the communications technology firm following the results, alongside a US$60 share price target, against US$49.67 at Wednesday's close.

16-May-2024 12:36 PM

Bank of America (BAC) Up 10.5% Since Last Earnings Report: Can It Continue?

Bank of America (BAC) reported earnings 30 days ago. What's next for the stock?

15-May-2024 10:08 AM

BofA Report: 70% of Prospective Homebuyers Feel Renting Could be Detrimental to their Financial Future

More boomers favor renting, with little interest in buying a home CHARLOTTE, N.C., May 15, 2024 /PRNewswire/ -- Many prospective homebuyers fear the long-term consequences of renting, including 70% who feel they're not making a long-term investment in their future, and 72% who worry that rent increases could affect their current and long-term finances, according to a new Bank of America Homebuyer Insights Report (HBIR), conducted in partnership with Bank of America Institute.

15-May-2024 9:21 AM

Exclusive: Bank of America banker who died had sought to leave, citing long hours, recruiter says

The 35-year-old Bank of America investment banker who died from a blood clot earlier this month wanted to leave the U.S. bank because he was working more than 100 hours a week, according to an executive recruiter who spoke with him about seeking a new job.

14-May-2024 8:10 AM

My Dividend Stock Portfolio: New April Dividend Record - 101 Holdings With 22 Buys

Portfolio changes in April focus on BDCs, aiming to increase dividend income by at least $100 each month. Dividend income hit a new all-time record for April of $736, basically flat Y/Y and up 12% sequentially. Gifted Working Time 2024: Around 85 hours, or 10.6 days, of active work have been replaced with passive income in 2024, which is equivalent to more than two entire workweeks.