BAC-PL - Bank of America Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
1,378.10
-3.39 (-0.25%)
At close: 3:59PM EDT
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Previous Close1,381.49
Open1,381.78
Bid1,378.05 x 1000
Ask1,382.98 x 1300
Day's Range1,378.01 - 1,382.99
52 Week Range1,237.89 - 1,397.73
Volume3,154
Avg. Volume5,712
Market Cap271.031B
Beta (3Y Monthly)0.08
PE Ratio (TTM)490.43
EPS (TTM)2.81
Earnings DateN/A
Forward Dividend & Yield72.50 (5.25%)
Ex-Dividend Date2019-06-28
1y Target EstN/A
Trade prices are not sourced from all markets
  • Bank of America CEO reveals millennials shockingly aren't broke, but have $200 billion saved
    Yahoo Finance5 hours ago

    Bank of America CEO reveals millennials shockingly aren't broke, but have $200 billion saved

    Bank of America CEO Brian Moynihan just went a long way in showing not all millenials are broke.

  • Here is how corporate stock buybacks are changing the earnings picture
    Yahoo Finance7 hours ago

    Here is how corporate stock buybacks are changing the earnings picture

    Earnings season is underway and corporate buybacks are set to boost earnings per share for S&P 500 companies.

  • Reuters5 hours ago

    MOVES-Bank of America hires Vitols as head of asset management investment banking -memo

    Bank of America Corp has appointed Janis Vitols to be its new head of global asset management investment banking, according to an internal memo seen by Reuters on Thursday. "A 20-year veteran in investment banking, Janis joins us from Barclays, where he was most recently managing director and head of global asset management investment banking," Bank of America Vice Chairman and Americas head of its financial institutions group Will Addas wrote in the memo to staff.

  • Barrons.com9 hours ago

    Merrill Lynch Sees No Changes to Pay Plan Next Year

    The wirehouse reportedly plans to stick with its existing broker compensation plan, which includes incentives to bring in new clients

  • GuruFocus.comyesterday

    US Indexes Close Lower for a 2nd Day Wednesday

    S&P; 500 down 0.65% Continue reading...

  • Bank of America Corp (BAC) Q2 2019 Earnings Call Transcript
    Motley Foolyesterday

    Bank of America Corp (BAC) Q2 2019 Earnings Call Transcript

    BAC earnings call for the period ending July 17, 2019.

  • Bank Of America Earnings Top But Rate Cuts Weigh On Guidance
    Investor's Business Dailyyesterday

    Bank Of America Earnings Top But Rate Cuts Weigh On Guidance

    Bank of America earnings topped second-quarter views, with shares rising Wednesday. The banking giant has been nearing a buy point.

  • How Consumers are Fueling Big Bank Stocks as Rates Head Lower
    Investopediayesterday

    How Consumers are Fueling Big Bank Stocks as Rates Head Lower

    The robust American consumer is driving earnings, upstaging the traditional role played by Wall Street.

  • BofA execs on how the company is investing in its operation as strong performance continues
    American City Business Journalsyesterday

    BofA execs on how the company is investing in its operation as strong performance continues

    Charlotte-based Bank of America Corp. again broke company records in its second-quarter earnings report released Wednesday morning. That success means reinvesting resources back into the business, Chief Executive Brian Moynihan said.

  • Bank of America Posts Mixed Q2 Results Amid Rate Cut Concerns
    Market Realistyesterday

    Bank of America Posts Mixed Q2 Results Amid Rate Cut Concerns

    On Wednesday, Bank of America (BAC) reported mixed second-quarter results. The bank’s profitability beat analysts' expectation.

  • UPDATE 2-Bank of America profit beats as healthy economy fuels loan growth
    Reutersyesterday

    UPDATE 2-Bank of America profit beats as healthy economy fuels loan growth

    Bank of America Corp beat estimates for quarterly profit on Wednesday, as the loan book of the country's second-largest lender benefited from a healthy economy. Consumer banking has held up for the big Wall Street banks that have reported second-quarter results this week, cushioning a blow from weakness in trading and advisory businesses. Bank of America, however, bucked that trend and reported a 3-basis-point increase on the year in its interest margin to 2.44% for the second quarter, though the metric fell 7 points from the first quarter.

  • Benzingayesterday

    In The Thick Of It: Bank Results Highlight Morning, With NFLX At Center Screen Late

    Bank of America Corp (NYSE: BAC) and several other banking firms highlight the earnings picture this morning, while anticipation builds ahead of Netflix Inc. (NASDAQ: NFLX) results after the close. Also, there seems to be some risk aversion creeping back into the picture after President Trump’s comments about the China trade situation yesterday (see more below). This morning, BAC became the latest big bank to surpass Wall Street’s earnings estimates as interest income rose, but shares edged lower in pre-market trading.

  • BofA Counters Trading Slump With Gains in Consumer Banking
    Bloombergyesterday

    BofA Counters Trading Slump With Gains in Consumer Banking

    (Bloomberg) -- Bank of America Corp.’s consumer bankers extended their winning streak for another three months.Gains in the retail division helped drive overall profit to a record for a fifth consecutive quarter as mortgage activity surged and provisions for bad loans posted a surprise drop from the first quarter. The trading division, where revenue declined 10% in the second quarter, fell victim to the same slump its bigger rival JPMorgan Chase & Co. suffered during the period.“We see solid consumer activity across the board, with spending by Bank of America consumers up 5% this quarter over the second quarter of last year,” Chief Executive Officer Brian Moynihan said Wednesday in a statement.Bank of America shares climbed 1.1% to $29.31 at 9:45 a.m. in New York.The biggest U.S. banks are benefiting from a solid job market, relatively strong economic growth and Federal Reserve interest-rate increases stretching back to late 2015. Despite profit blowouts in recent quarters, some investors are becoming more cautious on financial stocks amid speculation the Fed will cut rates this month. That’s prompted shares to trail the broader market.Bank of America became the latest firm to dial down expectations for the lending business as the Federal Reserve seems poised to cut rates. Its net interest income will probably rise 1% this year if the Fed cuts rates twice in 2019, down from the 3% jump it expected in April, Chief Financial Officer Paul Donofrio said on a call with analysts Wednesday. JPMorgan and Wells Fargo & Co. also tamped down expectations for that metric this week.BofA’s net interest income -- revenue from customers’ loan payments minus what the company pays depositors -- rose 3% to $12.2 billion in the second quarter, less than the $12.3 billion average estimate in a Bloomberg MODL survey. The bank joined JPMorgan, Wells Fargo and Citigroup Inc. in reporting sliding net interest margins compared with the previous quarter.In Bank of America’s trading division, revenue dropped to $3.27 billion, slightly less than the average estimate of $3.32 billion. Fixed-income revenue fell 8% to $2.13 billion, while equity-trading revenue slid 13% to $1.15 billion. Donofrio said on a call with reporters that the declines weren’t due to bad bets, as the bank had no days of trading losses in the quarter.The lender announced last month it would return as much as $37 billion to shareholders over the next four quarters by raising its dividend by 20% and boosting stock buybacks.(Updates with NII outlook in sixth paragraph.)To contact the reporter on this story: Lananh Nguyen in New York at lnguyen35@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Steve Dickson, Daniel TaubFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • [video]Bank of America Stock Is Flirting With a Big Breakout on Earnings
    TheStreet.comyesterday

    [video]Bank of America Stock Is Flirting With a Big Breakout on Earnings

    Bank of America stock is rallying after beating on earnings expectations. But can the stock trigger a big-time breakout? It's sitting on the cusp.

  • Motley Foolyesterday

    Bank of America's Profit Margins Are Shrinking. Should Investors Be Worried?

    Strong earnings weren’t enough to make the bank’s investors happy.

  • Barrons.comyesterday

    Bank of America Earnings Show Lending Is Getting Less Profitable

    The big bank reported better-than-expected earnings but said net interest margin, a measure of lending profitability, declined.

  • Financial Timesyesterday

    Bank of America says Fed rate cuts will hit income growth

    The bank nonetheless beat earnings expectations thanks to the strength of its retail bank, growth in its loan book, cost controls and winning market share in investment banking. BofA had been expecting net interest income, what it earns on lending minus its financing costs, to increase 3 per cent in 2019, to roughly $49.6bn. Net interest revenue fell by $186m between the first and second quarter.

  • Bank of America profit rises on loan growth
    Reutersyesterday

    Bank of America profit rises on loan growth

    Bank of America Corp reported a 10% increase in quarterly profit on Wednesday as a healthy U.S. economy boosted demand for loans. Analysts had expected a profit of 71 cents per share and revenue of $23.2 billion, according to IBES data from Refinitiv, but it was not immediately clear if the numbers were comparable.

  • Bank of America trims net interest income guidance
    Reutersyesterday

    Bank of America trims net interest income guidance

    Rate trends have prompted the bank to scale back its expected full-year net interest margin, a key measure of profitability, to 2% from 3%, executives said on a conference call with analysts. Net interest income, the difference between interest earned from lending and how much the bank pays for deposits, rose 6% last year. Chief Financial Officer Paul Donofrio said on a call with reporters the sequential decline was due to lower long-term interest rates.

  • Here’s why Bank of America’s CEO likes his execs on other companies' boards
    American City Business Journalsyesterday

    Here’s why Bank of America’s CEO likes his execs on other companies' boards

    He sees time in the boardroom as valuable for a future CEO, including his own replacement. “When I think about succession for me down the road, you’re looking for people who have had a range of experience,” he said.

  • TheStreet.comyesterday

    Bank of America Beats Q2 Profit Estimates as Loans and Deposits Increase

    Bank of America said second-quarter profit rose 8% from a year earlier to $7.3 billion. Earnings per share were 74 cents, exceeding the 71-cent average estimate of Wall Street analysts.

  • Stocks slip slightly amid trade remarks, earnings season
    Yahoo Finance2 days ago

    Stocks slip slightly amid trade remarks, earnings season

    U.S. stocks were mixed Tuesday afternoon as investors digested a wave of signals from officials over U.S.-China trade relations and monetary policy, along with an influx of corporate earnings results and economic data.

  • GuruFocus.com2 days ago

    Youngs Advisory Group, Inc. Buys Bank of America Corporation, Sells Schwab U.S. Small-Cap

    Investment company Youngs Advisory Group, Inc. (Current Portfolio) buys Bank of America Corporation, sells Schwab U.S. Continue reading...

  • How Visa Stock Has Performed and What to Expect
    Market Realist2 days ago

    How Visa Stock Has Performed and What to Expect

    Visa stock has risen about 37% and has outperformed the S&P; 500 Index so far in 2019.

  • Bank of America to attach name on this downtown tower
    American City Business Journals2 days ago

    Bank of America to attach name on this downtown tower

    The new sign comes after the second-largest bank in Orlando revealed the move to its new space in November.