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Bank of America (BAC)
NYSE:BAC
Bank of America (BAC) Stock Price & Analysis
25,445 Followers
BAC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$24.59 - $38.35
Previous Close$34.68
Volume22.41M
Average Volume (3M)40.20M
Market Cap
$287.35B
Enterprise Value$617.32B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$334.30B
Price to Earnings (P/E)11.7
Beta1.19
Next Earnings
Jul 16, 2024EPS Estimate
$0.81Last Dividend Ex-Date
Feb 29, 2024Dividend Yield2.61%
Share Statistics
EPS (TTM)3.07
Shares Outstanding7,872,657,542
10 Day Avg. Volume36,908,833
30 Day Avg. Volume40,197,712
Standard Deviation0.09
R-Squared0.61
Alpha-0.00448
Financial Highlights & Ratios
Price to Book (P/B)1.45
Price to Sales (P/S)2.87
Price to Cash Flow (P/CF)2.20
P/FCF Ratio1.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.26
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$39.96Price Target Upside13.49% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering20
Bank of America News
Bulls Say, Bears Say
Bulls Say
Earnings PerformanceEPS was ahead of expectations with net interest income and fee income both coming in better than expectations.
Financial StabilityCapital and liquidity remain strong, underpinning the financial stability of the company.
Stock BuybackThe company repurchased $2.5bn shares, showing confidence in its stock value and returning value to shareholders.
Bears Say
Credit QualityNCO ratio rose a greater-than-expected 13bps, while NPLs increased 7%.
Earnings MissBAC’s core EPS missed consensus due to lower-than-expected non-interest revenues and higher core operating expenses.
Financial PerformanceLoan growth was off to a sluggish start, and NII is expected to be lower year-over-year.
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Ownership Overview
27.44% Insiders
19.13% Mutual Funds
15.77% Other Institutional Investors
37.65% 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 88 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 2.61%. 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:
$39.96 (13.49% Upside)
$39.96 (13.49% 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 ▼ 1.2%
Last 30 Days ▼ 1.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
21.20%
12-Months-Change
Fundamentals
Return on Equity
9.39%
Trailing 12-Months
Asset Growth
4.22%
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
$39.96
▲(13.49% 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
Copying Susan Roth Katzke's trades and holding each position for 1 Year would result in 70.00% of your transactions generating a profit, with an average return of +31.35% per trade.
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