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Bank of America (BAC)
NYSE:BAC
Bank of America (BAC) Stock Price & Analysis
25,497 Followers
BAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.59 - $38.35
Previous Close$36.97
Volume56.27M
Average Volume (3M)40.86M
Market Cap
$291.05B
Enterprise Value$625.35B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$334.30B
Price to Earnings (P/E)12.8
Beta1.14
Next Earnings
Jul 16, 2024EPS Estimate
$0.81Last Dividend Ex-Date
Feb 29, 2024Dividend Yield2.54%
Share Statistics
EPS (TTM)2.89
Shares Outstanding7,872,657,542
10 Day Avg. Volume49,009,269
30 Day Avg. Volume40,857,323
Standard Deviation0.09
R-Squared0.61
Alpha-0.00448
Financial Highlights & Ratios
Price to Book (P/B)1.45
Price to Sales (P/S)2.95
Price to Cash Flow (P/CF)2.20
P/FCF Ratio1.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.34
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$39.78Price Target Upside7.60% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering23
Bank of America News
Bulls Say, Bears Say
Bulls Say
Analyst UpgradeShares of BAC have been upgraded to Outperform from Peer Perform indicating an expected improvement in performance.
Earnings PotentialManagement anticipates net interest income to reach its lowest point in the second quarter and improve thereafter, indicating positive future earnings potential.
Financial PerformanceRecent results show better asset repricing trends for BAC, suggesting a possible turning point for improved net interest income.
Bears Say
Credit QualityTotal Net Charge-Offs for Bank of America have reached the highest level in a decade, raising concerns about deteriorating credit quality, as evidenced by a substantial 13 basis point increase in the NCO ratio and a 7% rise in nonperforming loans.
Financial PerformanceBank of America has experienced a fees- and cost-driven miss with 4Q23 core EPS of $0.66, failing to meet the expected consensus of $0.71, primarily due to lower-than-anticipated non-interest revenues coupled with rising core operating expenses.
Stock ValuationDespite some positive aspects, analysts have reduced Bank of America's price target following a decline in the price-to-earnings target multiple, suggesting a less optimistic valuation outlook.
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Ownership Overview
27.44% Insiders
19.14% Mutual Funds
16.25% Other Institutional Investors
37.16% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Bank of America
Desktop Users
Mobile Users
BAC FAQ
What was Bank of America’s price range in the past 12 months?
Bank of America lowest stock price was $24.59 and its highest was $38.35 in the past 12 months.
What is Bank of America’s market cap?
Currently, no data Available
When is Bank of America’s upcoming earnings report date?
Bank of America’s upcoming earnings report date is Jul 16, 2024 which is in 84 days.
How were Bank of America’s earnings last quarter?
Bank of America released its earnings results on Apr 16, 2024. The company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.761 by -$0.001.
Is Bank of America overvalued?
According to Wall Street analysts Bank of America’s price is currently Undervalued.
Does Bank of America pay dividends?
Bank of America pays a Quarterly dividend of $0.24 which represents an annual dividend yield of 2.54%. See more information on Bank of America dividends here
What is Bank of America’s EPS estimate?
Bank of America’s EPS estimate is $0.81.
How many shares outstanding does Bank of America have?
Bank of America has 7,872,657,700 shares outstanding.
What happened to Bank of America’s price movement after its last earnings report?
Bank of America reported an EPS of $0.76 in its last earnings report, missing expectations of $0.761. Following the earnings report the stock price went down -3.533%.
Which hedge fund is a major shareholder of Bank of America?
Among the largest hedge funds holding Bank of America’s share is Berkshire Hathaway Inc. It holds Bank of America’s shares valued at 35B.
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Bank of America Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$39.78 (7.60% Upside)
$39.78 (7.60% Upside)
Blogger Sentiment
Bullish
BAC Sentiment 85%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 6.8M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days >0.1%
Last 30 Days ▼ 1.3%
Last 30 Days ▼ 1.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
26.88%
12-Months-Change
Fundamentals
Return on Equity
8.72%
Trailing 12-Months
Asset Growth
2.48%
Trailing 12-Months
Company Description
Bank of America
Bank of America Corp. provides banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.
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BAC Company Deck
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BAC Earnings Call
Q1 2024
0:00 / 0:00
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BAC Stock 12 Months Forecast
Average Price Target
$39.78
▲(7.60% Upside)
Technical Analysis
Best Analysts Covering BAC
1 Year
1 Year Success Rate
28/40 ratings generated profit
1 Year Average Return
+31.35%
reiterated a buy rating 9 months ago
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