Should I buy or sell Bank of America stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BAC shares. View BAC analyst ratings or view top-rated stocks .

What is Bank of America's stock price target for 2024?

15 brokers have issued 1 year price targets for Bank of America's stock. Their BAC share price targets range from $27.50 to $50.00. On average, they anticipate the company's share price to reach $35.53 in the next year. This suggests a possible upside of 7.3% from the stock's current price. View analysts price targets for BAC or view top-rated stocks among Wall Street analysts .

How have BAC shares performed in 2024?

Bank of America's stock was trading at $33.67 at the beginning of the year. Since then, BAC shares have decreased by 1.6% and is now trading at $33.12. View the best growth stocks for 2024 here .

Are investors shorting Bank of America?

Bank of America saw a decrease in short interest in December. As of December 31st, there was short interest totaling 71,720,000 shares, a decrease of 5.3% from the December 15th total of 75,750,000 shares. Based on an average trading volume of 46,020,000 shares, the short-interest ratio is currently 1.6 days. Approximately 0.9% of the company's shares are sold short. View Bank of America's Short Interest .

When is Bank of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 16th 2024. View our BAC earnings forecast .

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) issued its quarterly earnings data on Friday, January, 12th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The financial services provider earned $22 billion during the quarter, compared to the consensus estimate of $23.70 billion. Bank of America had a trailing twelve-month return on equity of 11.38% and a net margin of 15.42%. The firm's revenue was down 10.2% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share. Read the conference call transcript .

How often does Bank of America pay dividends? What is the dividend yield for Bank of America?

Bank of America declared a quarterly dividend on Wednesday, January 31st. Stockholders of record on Friday, March 1st will be given a dividend of $0.24 per share on Friday, March 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, February 29th. Read our dividend analysis for BAC .

Is Bank of America a good dividend stock?

Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.91%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 28.57% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BAC .

What ETFs hold Bank of America's stock?

ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO) , Invesco KBW Bank ETF (KBWB) , iShares U.S. Financial Services ETF (IYG) , Invesco S&P 500 Enhanced Value ETF (SPVU) , iShares U.S. Financials ETF (IYF) , Financial Select Sector SPDR Fund (XLF) , Fidelity MSCI Financials Index ETF (FNCL) and iMGP Berkshire Dividend Growth ETF (BDVG) .

What is Brian T. Moynihan's approval rating as Bank of America's CEO?

10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Glassdoor.com . Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Bank of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM) , AT&T (T) , Micron Technology (MU) , General Electric (GE) , Intel (INTC) , Citigroup (C) , Alibaba Group (BABA) , NVIDIA (NVDA) , Walt Disney (DIS) and Wells Fargo & Company (WFC) .

Who are Bank of America's major shareholders?

Bank of America's stock is owned by a variety of institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (0.53%), Fisher Asset Management LLC (0.48%), Dimensional Fund Advisors LP (0.45%), California Public Employees Retirement System (0.28%), Massachusetts Financial Services Co. MA (0.23%) and Sumitomo Mitsui Trust Holdings Inc. (0.22%). Insiders that own company stock include Andrew M Sieg , Dean C Athanasia , Frank P Bramble , James P Demare , Matthew M Koder , Of America Corp /De/ Bank and Thong M Nguyen . View institutional ownership trends .

How do I buy shares of Bank of America?

Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Bank of America have any subsidiaries?

The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited. Read More

NYSE:BAC

Bank of America (BAC) Stock Price, News & Analysis

$33.12

-0.06 (-0.18%)

(As of 02/8/2024 ET)

Compare

Today's Range: $32.80
▼
$33.28
50-Day Range: $30.49
▼
$34.80
52-Week Range: $24.96
▼
$36.35

Volume: 36.00 million shs
Average Volume: 43.29 million shs
Market Capitalization: $262.10 billion

P/E Ratio: 10.79
Dividend Yield: 2.90%
Price Target: $35.53

Get Bank of America alerts:

Bank of America MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 7.3% Upside
$35.53 Price Target
Short Interest: Healthy
0.88% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: 0.73
Based on 25 Articles This Week
Insider Trading: Selling Shares
$185,372 Sold Last Quarter
Proj. Earnings Growth: 7.01%
From $3.14 to $3.36 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.92 out of 5 stars

Finance Sector

38th out of 842 stocks

National Commercial Banks Industry

8th out of 82 stocks

2.3

Analyst's Opinion

Consensus Rating
Bank of America has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 10 buy ratings, 4 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $35.53, Bank of America has a forecasted upside of 7.3% from its current price of $33.12.
Amount of Analyst Coverage
Bank of America has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
0.88% of the float of Bank of America has been sold short.
Short Interest Ratio / Days to Cover
Bank of America has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bank of America has recently decreased by 2.69%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Bank of America pays a meaningful dividend of 2.91%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Bank of America has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Bank of America is 31.27%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of America will have a dividend payout ratio of 28.57% next year. This indicates that Bank of America will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bank of America has received a 37.20% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Corporate banking services", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Bank of America is -0.50.

3.7

News and Social Media Coverage

News Sentiment
Bank of America has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 25 news articles for Bank of America this week, compared to 20 articles on an average week.
Search Interest
190 people have searched for BAC on MarketBeat in the last 30 days. This is an increase of 7% compared to the previous 30 days.
MarketBeat Follows
90 people have added Bank of America to their MarketBeat watchlist in the last 30 days. This is an increase of 14% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of America insiders have sold 182.47% more of their company's stock than they have bought. Specifically, they have bought $65,625.00 in company stock and sold $185,372.00 in company stock.
Percentage Held by Insiders
Only 0.27% of the stock of Bank of America is held by insiders.
Percentage Held by Institutions
68.06% of the stock of Bank of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Bank of America are expected to grow by 7.01% in the coming year, from $3.14 to $3.36 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of America is 10.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.82.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of America is 10.79, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 50.18.
Price to Earnings Growth Ratio
Bank of America has a PEG Ratio of 1.50. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of America has a P/B Ratio of 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Bank of America Stock (NYSE:BAC)

Bank of America has a rich history dating back to 1800 and even earlier. It was begun by immigrants as a group of separate and unrelated banks that, over the years, merged and grew together. One such is the Bank of Italy which was founded in 1904 by Amadeo Giannini to serve Italian immigrants that were facing discrimination. He later buys out the Banca de America e de Italia (Bank of America and Italy) which was also located in San Francisco. Over the years additional mergers and changes in Federal banking legislation, as well as the boom brought on by WWI and then WWII, helped boost the bank to national prominence.

Things turned sour, however, in 1998 with a major bond default that led to yet another merger, this time with Charlotte, NC-based Nations Bank to officially become the Bank of America that exists today. At the time, the merger was the largest bank merger in history and the company has only grown in the time since.

Other additions to the new Bank of America include MBNA (a major credit card operator), Fleet Boston (then the US 7th largest and one of its oldest banks), and Merril Lynch, now Merril, which was added to the group in 2008 to provide an investment banking branch. Together the company dominates as one of the Big Four Banks in America. Bank of America lays claim to nearly 11% of all US deposits which ranks in line with its peer group and Bank of America Securities is listed as the world’s 3rd largest investment bank.

Today, Bank of America Corporation provides banking and financial services for individuals, small businesses, institutions, corporations, and governments worldwide. The bank operates in three segments Consumer Banking, Global Wealth & Investment Management, and Global Banking bringing in a combined revenue greater than $90 billion in 2022.

As of 2022, Bank of America serves approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers. The bank also operates more than 16,000 ATMs and digital banking platforms with approximately 41 million active users.

Its Consumer Banking segment offers traditional banking and investment products for retail clients. These range from deposit accounts to savings, credit cards, consumer loans, and IRAs. The Global Wealth & Investment Management segment offers investment and wealth management solutions including, brokerage, banking, and trust and retirement products. The Global Banking segment provides lending products and services, including commercial loans and leases for businesses of all varieties. The Global Markets segment offers market-making, clearing, settlement, and custody services, as well as risk management, derivatives, and FX exchange services.

BAC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BAC Stock News Headlines

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Turkish Central Bank Governor resigns months into her tenure after claims of improper use of power

The governor of Turkey’s central bank has resigned only months after taking office amid allegations of improper use of power and family interference in the workings of the financial institutions

January 31, 2024 | marketbeat.com

3 big banking stocks that just got upgraded

Banking stocks are finding themselves more popular than they’ve been in a long time, and it doesn't look like that's going to change anytime soon.

January 31, 2024 | marketbeat.com

2 upgraded food stocks with super-sized gain potential (BAC)

Food-related businesses have been the subject of several recent analyst upgrades, including these two stocks which have some of the best total return potential.

January 30, 2024 | marketbeat.com

Celsius stock finally cools off...analysts warm up to it (BAC)

Even if signs of a sales slowdown are emerging, Celsius is likely to deliver above category (and well above beverage industry) growth going forward

January 24, 2024 | marketbeat.com

Is Xerox’s 6% dividend a value deal or a value trap? (BAC)

Xerox stock is attracting a new wave of investors with its 6.0% dividend yield, particularly realizing the new turnaround that could come soon.

February 8, 2024 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

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January 17, 2024 | marketbeat.com

A 50% upside for AMD? Here’s how (BAC)

Advanced Micro Devices' stock price outlook is supported by robust demand for AI and the launch of its MI-300 chipsets; new highs are expected soon.

January 16, 2024 | marketbeat.com

3 Russell 2000 stocks for your January watchlist (BAC)

As investors face another uncertain year in the market, it could be time to look at small- and mid-cap stocks; here are three Russell 2000 stocks to watch

January 15, 2024 | marketbeat.com

3 retailers to compound your wealth this cycle (BAC)

If you want to avoid a lost decade scenario, consider adding these stocks to your watchlist to increase the odds of compounding your wealth this cycle

February 8, 2024 | finance.yahoo.com

Employer deals earn BofA more than $10 bln in deposits, investments

February 8, 2024 | finance.yahoo.com

BofA Program Delivers Banking & Investing Benefits and Rewards to 4 Million Employees of Corporate Clients

February 7, 2024 | finance.yahoo.com

BofA Report Finds 401(k) Account Balances Increased by 15% in 2023, Health Savings Account Balances Increased by 11%

February 6, 2024 | fortune.com

America’s falling out of love with its California Dream—and housing costs are a major reason why, report says

February 6, 2024 | finance.yahoo.com

RBA Keeps Rate at 12-Year High, Signals Higher Bar for Rate Hikes

February 5, 2024 | hk.finance.yahoo.com

Investing in Bank of America (NYSE:BAC) five years ago would have delivered you a 33% gain

February 5, 2024 | bizjournals.com

Bank of America CEO Brian Moynihan sees total compensation drop 3.3% in 2023

February 5, 2024 | msn.com

Bank of America reduces CEO Brian Moynihan's pay by 3% for 2023

February 5, 2024 | fool.com

We're Officially in a Bull Market. Here Are 2 Stocks I'm Buying Now.

February 5, 2024 | americanbankingnews.com

Bank of America Co. (NYSE:BAC) Expected to Earn Q1 2024 Earnings of $0.77 Per Share

February 3, 2024 | msn.com

Bank of America CEO’s Compensation Adjusted for 2023

February 1, 2024 | finance.yahoo.com

BOE Raises Prospect of Rate Cuts in 2024 If Inflation Eases

February 1, 2024 | americanbankingnews.com

Bank of America Co. (NYSE:BAC) Receives Average Rating of "Moderate Buy" from Analysts

February 1, 2024 | americanbankingnews.com

Morgan Stanley Upgrades Bank of America (NYSE:BAC) to "Overweight"

January 31, 2024 | finance.yahoo.com

Bank of America Declares First-Quarter 2024 Stock Dividend

See More Headlines

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Company Calendar

Ex-Dividend for 12/29 Dividend: 11/30/2023
Dividend Payable: 12/29/2023
Last Earnings: 1/12/2024
Today: 2/08/2024
Ex-Dividend for 3/29 Dividend: 2/29/2024
Dividend Payable: 3/29/2024
Next Earnings (Estimated): 4/16/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: National commercial banks
Sub-Industry: N/A
Current Symbol: NYSE:BAC
CUSIP: N/A
CIK: 70858
Web: www.bankofamerica.com
Phone: (704) 386-5681
Fax: 704-386-8009
Employees: 217,000
Year Founded: 1998

Price Target and Rating

Average Stock Price Target: $35.53
High Stock Price Target: $50.00
Low Stock Price Target: $27.50
Potential Upside/Downside: +7.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.07
Trailing P/E Ratio: 10.73
Forward P/E Ratio: 10.49
P/E Growth: 1.5
Net Income: $26.52 billion
Net Margins: 15.42%
Pretax Margin: 16.49%
Return on Equity: 11.38%
Return on Assets: 0.93%

Debt

Debt-to-Equity Ratio: 1.15
Current Ratio: 0.80
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: $171.91 billion
Price / Sales: 1.52
Cash Flow: $3.92 per share
Price / Cash Flow: 8.39
Book Value: $33.26 per share
Price / Book: 0.99

Miscellaneous

Outstanding Shares: 7,913,730,000
Free Float: 7,892,365,000
Market Cap: $260.60 billion
Optionable: Optionable
Beta: 1.39

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A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for February 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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Key Executives

Mr. Brian Thomas Moynihan (Age 65)
Chairman, CEO & President
Comp: $1.98M
Mr. Alastair M. Borthwick (Age 55)
Chief Financial Officer
Comp: $4.84M
Mr. Dean C. Athanasia (Age 57)
President of Regional Banking
Comp: $6.21M
Mr. Paul M. Donofrio (Age 64)
Vice Chairman
Comp: $6.22M
Mr. Geoffrey S. Greener (Age 59)
Chief Risk Officer
Comp: $6.21M
Mr. Thomas M. Scrivener (Age 52)
Chief Operations Executive
Mr. Christopher M. Hyzy
Chief Investment Officer
Mr. Rudolf A. Bless
Chief Accounting Officer
Mr. Matthew M. Koder (Age 52)
President of Global Corporate & Investment Banking
Comp: $9.19M
Mr. Aditya Bhasin (Age 50)
Chief Technology & Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of America stock right now?: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BAC shares.
View BAC analyst ratings or view top-rated stocks.
What is Bank of America's stock price target for 2024?: 15 brokers have issued 1 year price targets for Bank of America's stock. Their BAC share price targets range from $27.50 to $50.00. On average, they anticipate the company's share price to reach $35.53 in the next year. This suggests a possible upside of 7.3% from the stock's current price.
View analysts price targets for BAC or view top-rated stocks among Wall Street analysts.
How have BAC shares performed in 2024?: Bank of America's stock was trading at $33.67 at the beginning of the year. Since then, BAC shares have decreased by 1.6% and is now trading at $33.12.
View the best growth stocks for 2024 here.
Are investors shorting Bank of America?: Bank of America saw a decrease in short interest in December. As of December 31st, there was short interest totaling 71,720,000 shares, a decrease of 5.3% from the December 15th total of 75,750,000 shares. Based on an average trading volume of 46,020,000 shares, the short-interest ratio is currently 1.6 days. Approximately 0.9% of the company's shares are sold short.
View Bank of America's Short Interest.
When is Bank of America's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 16th 2024.
View our BAC earnings forecast.
How were Bank of America's earnings last quarter?: Bank of America Co. (NYSE:BAC) issued its quarterly earnings data on Friday, January, 12th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.01. The financial services provider earned $22 billion during the quarter, compared to the consensus estimate of $23.70 billion. Bank of America had a trailing twelve-month return on equity of 11.38% and a net margin of 15.42%. The firm's revenue was down 10.2% on a year-over-year basis. During the same period last year, the company posted $0.85 earnings per share.
Read the conference call transcript.
How often does Bank of America pay dividends? What is the dividend yield for Bank of America?: Bank of America declared a quarterly dividend on Wednesday, January 31st. Stockholders of record on Friday, March 1st will be given a dividend of $0.24 per share on Friday, March 29th. This represents a $0.96 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Thursday, February 29th.
Read our dividend analysis for BAC.
Is Bank of America a good dividend stock?: Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.91%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 28.57% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.

What ETFs hold Bank of America's stock?: ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO), Invesco KBW Bank ETF (KBWB), iShares U.S. Financial Services ETF (IYG), Invesco S&P 500 Enhanced Value ETF (SPVU), iShares U.S. Financials ETF (IYF), Financial Select Sector SPDR Fund (XLF), Fidelity MSCI Financials Index ETF (FNCL) and iMGP Berkshire Dividend Growth ETF (BDVG).
What is Brian T. Moynihan's approval rating as Bank of America's CEO?: 10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Glassdoor.com. Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Bank of America own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU), General Electric (GE), Intel (INTC), Citigroup (C), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS) and Wells Fargo & Company (WFC).
Who are Bank of America's major shareholders?: Bank of America's stock is owned by a variety of institutional and retail investors. Top institutional investors include Charles Schwab Investment Management Inc. (0.53%), Fisher Asset Management LLC (0.48%), Dimensional Fund Advisors LP (0.45%), California Public Employees Retirement System (0.28%), Massachusetts Financial Services Co. MA (0.23%) and Sumitomo Mitsui Trust Holdings Inc. (0.22%). Insiders that own company stock include Andrew M Sieg, Dean C Athanasia, Frank P Bramble, James P Demare, Matthew M Koder, Of America Corp /De/ Bank and Thong M Nguyen.
View institutional ownership trends.
How do I buy shares of Bank of America?: Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Bank of America have any subsidiaries?: The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited.
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This page (NYSE:BAC) was last updated on 2/8/2024 by MarketBeat.com Staff

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