BAC - Bank of America Corporation

NYSE - Nasdaq Real-time price. Currency in USD
29.115
-0.175 (-0.60%)
As of 12:56PM EDT. Market open.
Stock chart is not supported by your current browser
Previous close29.290
Open29.460
Bid29.130 x 1100
Ask29.140 x 40700
Day's range29.100 - 29.520
52-week range22.730 - 33.050
Volume27,059,543
Avg. volume68,098,518
Market cap295.209B
Beta1.59
PE ratio (TTM)16.89
EPS (TTM)1.724
Earnings date16 Jul 2018
Forward dividend & yield0.48 (1.64%)
Ex-dividend date2018-05-31
1y target est34.72
Trade prices are not sourced from all markets
  • Is Bank of America Corporation (NYSE:BAC) A Smart Pick For Income Investors?
    Simply Wall St.yesterday

    Is Bank of America Corporation (NYSE:BAC) A Smart Pick For Income Investors?

    A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Over the past 10 years, Bank ofRead More...

  • MarketWatchyesterday

    Retirement savers should wonder: Are investor protections a thing of the past?

    Can Merrill Lynch, which oversaw $2.75 trillion in client money at the end of last year, really unring the bell on hidden fees at America’s stock brokerages? Just a few months ago, Merrill was trumpeting to the heavens a newfound commitment to putting its customers first. “Our clients are the most important part of our business, so we put their goals at the center of the critical decisions we make each day.

  • Barrons.com2 days ago

    Bank of America Prepares Employees for AI Future

    Artificial intelligence will change or eliminate lots of jobs in the financial services industry in the next couple of decades. Bank of America, for one, is being straight with employees about what lies ahead—and to its credit, it’s helping them prepare. The company recently launched a set of online courses to train workers for new and evolving roles in the company, writes The Wall Street Journal.

  • The Dow Drops a General
    Bloomberg2 days ago

    The Dow Drops a General

    At the Financial Times, John Authers explains why you shouldn’t care about the Dow, but you are sophisticated and didn’t care about the Dow, so I will not repeat his arguments here. When General Electric was part of the first Dow Jones Industrial Average in 1896, its fellow members included American Cotton Oil Co., American Sugar Refining Co., American Tobacco Company, Distilling & Cattle Feeding Co., National Lead Co., North American Company (North American what Company?), United States Leather Co. and United States Rubber Co. They are fun to say.

  • Financial Times2 days ago

    [$$] CSU attacks Merkel’s eurozone budget concession to Macron

    The Bavarian sister party of German chancellor Angela Merkel has attacked her agreement with French president Emmanuel Macron on creating a eurozone budget, opening up a new front in the escalating conflict within her conservative bloc. Markus Söder, premier of Bavaria and a senior figure in the state’s Christian Social Union, a close ally of Ms Merkel’s Christian Democrats, in effect accused the chancellor of trying to buy the support of other EU countries over the issue of asylum seekers by making them financial promises.

  • MarketWatch2 days ago

    Bank of America readies its employees to be replaced by AI

    At Bank of America, preparing for a future with more artificial intelligence and fewer workers is part of the plan.

  • Merrill Fined $42 Million for Hiding Where It Sent Client Orders
    Bloomberg3 days ago

    Merrill Fined $42 Million for Hiding Where It Sent Client Orders

    Bank of America Corp.’s Merrill Lynch unit agreed to pay a $42 million penalty to settle a U.S. regulator’s allegations that it routed millions of customer orders to outside brokers, while telling them it had executed the transactions internally. From 2008 to 2013, Merrill hid that the fact that client requests to buy and sell stock were being handled by proprietary trading firms and other outside entities, the Securities and Exchange Commission said in a Tuesday order. Merrill did so after some customers specifically asked that their orders not be executed externally because they were concerned about “information leakage,” the SEC said.

  • Bloomberg3 days ago

    Merrill Pays $42 Million Fine for Misleading Broker Clients

    Bank of America Corp.’s Merrill Lynch unit agreed to pay a $42 million penalty to settle a U.S. regulator’s allegations that it routed millions of customer orders to outside brokers, while telling them it had executed the transactions internally. From 2008 to 2013, Merrill hid that the fact that client requests to buy and sell stock were being handled by proprietary trading firms and other outside entities, the Securities and Exchange Commission said in a Tuesday order. Merrill did so after some customers specifically requested that their orders not be executed externally because they were concerned about “information leakage,” the SEC said.

  • Financial Times3 days ago

    [$$] Merrill pays SEC $42m for claims it misled customers on trading orders

    Over a period of about five years, until 2013, Merrill told customers it had executed about $16m in securities orders internally when in fact it had secretly routed them to outside companies. Merrill admitted its conduct violated federal securities laws, the SEC said.

  • 3 Top Bank Stocks to Buy Right Now
    Motley Fool4 days ago

    3 Top Bank Stocks to Buy Right Now

    Here are three banks well positioned to keep moving higher.

  • BofA Unit Reviews Commission-Based Retirement Accounts Ban
    Zacks4 days ago

    BofA Unit Reviews Commission-Based Retirement Accounts Ban

    While re-evaluating the ban on commission in IRAs, BofA (BAC) will likely keep in mind the SEC's rulemaking process related to fiduciary rules related to financial advisors.

  • Financial Times6 days ago

    [$$] Wall St banks sign up to new platform to underpin bond revenues

    , as Wall Street clubs together to maintain its influence on the lucrative market for debt issuance. Underwriting debt is a relatively stable source of billions in annual revenues that could come under threat from tech start-ups and financial data companies investing in the market. Bank of America, Citigroup and JPMorgan have for months been working together to improve what is often a disjointed and labour-intensive process for getting pricing and other information to potential bond investors.

  • The Wall Street Journal7 days ago

    Merrill Considers Lifting Ban on Commission-Based Retirement Accounts

    Merrill Lynch may reverse a ban on commissions in retirement accounts the firm manages, marking a potentially significant retreat for a leading advocate of fee-based accounts. The brokerage arm of Bank of America Corp. banned commissions for retirement accounts in anticipation of the Labor Department’s “fiduciary rule,” which went into effect in April 2016. The regulation was meant to protect retirement savers from conflicted financial advice from brokers seeking commission income.

  • BofA Weighs Allowing Commissions on Merrill Lynch Retirement Accounts
    Bloomberg7 days ago

    BofA Weighs Allowing Commissions on Merrill Lynch Retirement Accounts

    Bank of America Corp., faced with a lighter regulatory climate in the Trump era, is considering whether to reverse a decision it made two years ago to remove broker commissions from Merrill Lynch retirement accounts. The firm’s wealth-management unit may allow retirement-account customers flexibility in fee structures after a review is completed in about 60 days, bank spokesman Jerry Dubrowski said. Merrill Lynch’s top executive, Andy Sieg, made the announcement Friday to the firm’s 14,000 financial advisers.

  • How Technology Spending Is Helping Bank of America
    Market Realist7 days ago

    How Technology Spending Is Helping Bank of America

    Bank of America’s (BAC) spending has increased at a far slower pace than its revenues in recent quarters. BAC’s non-interest expenses declined 1.0% to $13.9 billion in the first quarter with an efficiency ratio of 60.0%, which was better than the industry average. The bank’s spending has increased in technology to garner better operating efficiency, penetration, and improved margins.

  • Bank of America’s Valuations Fair to Low on Growth Expectations
    Market Realist7 days ago

    Bank of America’s Valuations Fair to Low on Growth Expectations

    Bank of America (BAC) stock has risen 2.5% in the last six months and 26.4% in the last year. Bank of America has underperformed in the last month on expectations of lower trading. Bank of America has reported an improved efficiency ratio in recent quarters, helped by operating efficiency on the back of technology spending.

  • BAC’s Lower Taxes, Higher Cash Flows to Allow Distributions
    Market Realist7 days ago

    BAC’s Lower Taxes, Higher Cash Flows to Allow Distributions

    Bank of America (BAC) has enhanced its payouts since the second half of 2017 after it cleared its stress tests and built a strong balance sheet. As the Trump administration has lowered tax rates and operating cash flows have risen due to higher net interest income and non-interest income, bankers (XLF) are looking at higher repurchases to improve return on equity (or RoE). Bank of America is focusing less on an expansion of branch network globally.

  • What Could Change the Expected Rate Hike Cycle through 2020?
    Market Realist8 days ago

    What Could Change the Expected Rate Hike Cycle through 2020?

    The Fed has provided a fairly clear picture of two more rate hikes in 2018, three rate hikes in 2019, and one in 2020. Investors are anticipating an end to the rate hike cycle by the end of the first quarter of 2020. Rate hikes are subject to an inflation target of 2.1% (revised from 1.9%), the unemployment rate, and continued economic growth.

  • Why Wall Street Is Long on Bank of America amid Slow Credit
    Market Realist8 days ago

    Why Wall Street Is Long on Bank of America amid Slow Credit

    Bank of America (BAC) garnered 22 “buys” or “strong buys” from the 30 analysts covering it in June. Seven recommended “hold” ratings, and one analyst has given a “sell” rating. Bank of America’s mean price target is $34.76 per share, implying a rise of 15.8% over the next 12 months.

  • Bank of America’s Consumer Banking Rides on Interest Income
    Market Realist8 days ago

    Bank of America’s Consumer Banking Rides on Interest Income

    The Fed’s hawkish monetary policy has benefited US commercial banks (XLF) since December 2015. This policy has allowed these banks to garner improving net interest margins (or NIMs). The rate hike cycle is in line with the Federal Reserve targeting three rate hikes in 2018. As yield curves have flattened out, the cycle might end sooner than expected, possibly in 2019.

  • GlobeNewswire8 days ago

    Consolidated Research: 2018 Summary Expectations for Humana, DexCom, Royal Dutch Shell, First Connecticut, Bank of America, and Equifax — Fundamental Analysis, Key Performance Indications

    NEW YORK, June 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Humana ...

  • Why Global Reach Could Be a Profitable Option for BAC and Peers
    Market Realist8 days ago

    Why Global Reach Could Be a Profitable Option for BAC and Peers

    Credit offtake is expected to be a challenge for bankers (XLF) this year as rate hikes can dissuade borrowers from leveraging up. Retail lending is driving current credit growth due to consumer confidence and a lower unemployment rate. In the second quarter, banks can see lower credit offtake across the major sectors.

  • Does Bank of America Corporation’s (NYSE:BAC) PE Ratio Signal A Buying Opportunity?
    Simply Wall St.8 days ago

    Does Bank of America Corporation’s (NYSE:BAC) PE Ratio Signal A Buying Opportunity?

    Bank of America Corporation (NYSE:BAC) trades with a trailing P/E of 16.8x, which is lower than the industry average of 17x. While BAC might seem like an attractive stock toRead More...

  • Bloomberg9 days ago

    Bond Traders Can Get in Trouble Without Lying to Customers

    The customer would pay 70. Federal prosecutors decided that lying to your customers about the price you had paid for bonds is fraud, and that people should go to prison for it. What is surprising is that a lot of judges and juries seem to have disagreed, and recently several of these traders—who indisputably lied to customers about the prices they had paid for bonds—were either acquitted of fraud, or had their convictions tossed out by judges after juries had convicted them.

  • Judge Rules AT&T Merger Will Be Fine
    Bloomberg9 days ago

    Judge Rules AT&T Merger Will Be Fine

    No one was allowed to leave, announced the judge, except “on a gurney.” That judge, Richard Leon, then delivered his decision in the Justice Department’s antitrust case against AT&T Inc.’s deal to buy Time Warner Inc. To them. Time Warner’s stock crept up into the close and in after-hours trading, while they were in the room, before shooting up a few points when the ruling—a complete victory for AT&T and Time Warner, allowing the merger to close with no conditions—finally became public at about 4:40. If you were trading Time Warner stock at, like, 4:20 p.m. yesterday, I would love to know why.