BAC.MX - Bank of America Corporation

Mexico - Mexico Delayed Price. Currency in MXN
605.00
-6.00 (-0.98%)
At close: 1:20PM CDT
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Previous Close611.00
Open606.00
Bid600.00 x 1500000
Ask607.00 x 1500000
Day's Range604.65 - 608.60
52 Week Range400.00 - 620.00
Volume28,408
Avg. Volume22,046
Market Cap6.07T
Beta-0.35
PE Ratio (TTM)350.93
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield9.04 (1.51%)
Ex-Dividend Date2018-05-31
1y Target EstN/A
  • Better Buy: BofI Holding, Inc. vs. Bank of America
    Motley Fool20 hours ago

    Better Buy: BofI Holding, Inc. vs. Bank of America

    In this David vs. Goliath battle, which bank will win?

  • Reuters20 hours ago

    U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA

    The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists. The attack by Gun Owners of America and the National Rifle Association (NRA) could imperil de-regulatory gains the banks had hoped to win from Republican lawmakers and regulators, many of whom are staunch defenders of the Second-Amendment right to bear arms, according to industry sources. In March, Citigroup put restrictions on new retail business clients which sell guns to require their customers to pass background checks, following February's Florida high school shooting that killed 17 people.

  • U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA
    Reuters2 days ago

    U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA

    The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists. The attack by Gun Owners of America and the National Rifle Association (NRA) could imperil de-regulatory gains the banks had hoped to win from Republican lawmakers and regulators, many of whom are staunch defenders of the Second-Amendment right to bear arms, according to industry sources. In March, Citigroup put restrictions on new retail business clients which sell guns to require their customers to pass background checks, following February's Florida high school shooting that killed 17 people.

  • Bank of America donates uptown property for Discovery Place program
    American City Business Journals2 days ago

    Bank of America donates uptown property for Discovery Place program

    Bank of America Corp. announced Friday the plans to donate its STEM Center for Career Development, located at Sixth and Poplar streets in uptown Charlotte, to Discovery Place in support of educational initiatives.

  • American City Business Journals2 days ago

    These are the banks duking it out for customers in Tampa

    A report from an investment bank identifies a baker’s dozen of regional banks looking to make money by growing deposit market share.

  • Forbes2 days ago

    Prudent Picks From 3 Top Value Experts

    GM is a value stock pick with impressive Q1 earnings. Here, senior editor John Buckingham along with Chris Quigley and Jason Clark — all occasional contributors to MoneyShow.com — share some of their latest value investment ideas.

  • Friday’s Vital Data: Micron Technology, Inc. (MU), Tesla Inc (TSLA) and Bank of America Corp (BAC)
    InvestorPlace2 days ago

    Friday’s Vital Data: Micron Technology, Inc. (MU), Tesla Inc (TSLA) and Bank of America Corp (BAC)

    U.S. stock futures are battling higher this morning. Wall Street faces some stiff headwinds, but sentiment remains largely positive.

  • PayPal Fills the Credit Gap for Businesses as Banks Fold
    Market Realist2 days ago

    PayPal Fills the Credit Gap for Businesses as Banks Fold

    PayPal (PYPL) is a critical source of credit for American businesses left behind by folding banks. PayPal’s CEO, Dan Schulman, disclosed during a recent interview that 25% of the company’s working capital loans are to small businesses in US counties where at least ten banks have closed their branches. The strong demand for PayPal loans in counties that have been hit hard by the outflow of traditional lenders shows that PayPal is providing a credit lifeline for American small businesses.

  • Reuters2 days ago

    UOB ceasing foreign currency banknotes import in Taiwan - sources

    United Overseas Bank (UOB) will stop supplying foreign currency banknotes to lenders in Taiwan from June 18 amid concern on tighter anti-money laundering rules in the region, four sources with direct knowledge of the matter said. The move by the Singapore bank would effectively leave Bank of America (BoA) the only foreign currency banknotes distributor in Taiwan.

  • Bank of America Raises $2.25 Billion in Largest Green Bond Deal
    Bloomberg2 days ago

    Bank of America Raises $2.25 Billion in Largest Green Bond Deal

    Bank of America Corp. has issued a $2.25 billion bond to support clean energy projects, making it the largest so-called green bond issuance that the bank has done to date.

  • U.S. gunmaker Remington exits bankruptcy in tough gun climate
    Reuters3 days ago

    U.S. gunmaker Remington exits bankruptcy in tough gun climate

    Remington, America's oldest gunmaker, filed for bankruptcy protection in March, weeks after a shooting at a high school in Parkland, Florida killed 17 people and triggered intensified campaigns for gun control by activists. Under the reorganization plan, inked two days before the Feb. 14 Parkland shooting, creditors including JPMorgan Chase & Co (JPM.N) and Franklin Advisors will take ownership stakes in the company in exchange for forgiving more than $775 million (£573.3 million) of debt.

  • Funds Dumped GE Stock In Q1 — But Not As Much As This Dow Jones Giant
    Investor's Business Daily3 days ago

    Funds Dumped GE Stock In Q1 — But Not As Much As This Dow Jones Giant

    Big fund and managers soured on General Electric in the first quarter, but they sold even more of fellow Dow stocks Cisco Systems and Bank of America.

  • Investopedia3 days ago

    13F: Buffett Bought Apple While Others Sold

    According to the Edmonton Journal, hedge funds reduced their holdings in AAPL stock by about 153 million shares across the first quarter of 2018. Investors at firms submitting 13F filings with the SEC have sold off shares of Apple's stock for three of the past four quarters. The exception was the fourth quarter of 2017, a period that saw this group of money managers buying a net 8.6 million shares of the company.

  • How Citigroup Is Rewarding Shareholders in 2018
    Market Realist3 days ago

    How Citigroup Is Rewarding Shareholders in 2018

    Bankers (XLF) have improved their payout ratio in the recent quarters helped by improved operating performance and the passing of stress tests. The dividend yields have risen to ~2.0% to 3.0%, whereas repurchases have risen at a relatively fast pace. Buybacks have helped bankers in expanding return on equity (or RoE) amid subdued credit offtake.

  • Banking Roundup: JPMorgan keeps board… Apple credit card in the works… BofA on technology
    American City Business Journals4 days ago

    Banking Roundup: JPMorgan keeps board… Apple credit card in the works… BofA on technology

    The nation’s largest banks — such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley — have operations around the country. Here are other recent stories reported by The Business Journals and other media outlets.

  • Head tax won't slow Bank of America's growth in Seattle, CEO says
    American City Business Journals4 days ago

    Head tax won't slow Bank of America's growth in Seattle, CEO says

    The bank will continue hiring “as long as the market’s growing and there's opportunity,” Moynihan said.

  • InvestorPlace4 days ago

    Bank Stocks Will Benefit Greatly From Upcoming Regulatory Changes

    As if there wasn’t enough reason to be bullish on them in the shadow of rising interest rates, Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C) and Wells Fargo & Co (NYSE:WFC) — along with all other bank stocks — could soon be enjoying an even stronger tailwind. By the time you’re reading this, the U.S. bank regulations landscape could look considerably different than it has at any time since 2008’s subprime mortgage meltdown. The matter is now in the hands of the nation’s House of Representatives.

  • BofA, Citi Saw Institutional Investors Cash Out
    Bloomberg4 days ago

    BofA, Citi Saw Institutional Investors Cash Out

    Institutional investors shed shares of Bank of America Corp, Citigroup Inc. and JPMorgan Chase & Co. last quarter just as the S&P 500 Index declined amid questions about the health of the Trump trade and the longevity of the bull market. An analysis of 13F filings for the quarter ended March 31 showed institutions have continued to shift away from Bank of America, Citigroup and JPMorgan. Among Bank of America’s hedge fund holders, Citadel Advisors and Coatue Management topped the list of sales, cutting their positions by 23.7 million and 13.9 million shares respectively.

  • What Wall Street Recommends for Citigroup Stock in 2018
    Market Realist4 days ago

    What Wall Street Recommends for Citigroup Stock in 2018

    Valuations for banks have improved in recent quarters due to improvement in earnings from core banking, trading, and the asset management businesses. Citigroup (C) has received strong ratings in May 2018. Of the 29 analysts covering the bank, 17 have given the bank “strong buy” or “buy” ratings, ten analysts have given the stock “hold” ratings, and two analysts are recommending an “underperform” or “sell.” The bank has a one-year forward price target of $83.91 with an upside of 15.2% based on its current price.

  • How Rate Hikes Are Affecting Citigroup Stock and the Banking Sector
    Market Realist4 days ago

    How Rate Hikes Are Affecting Citigroup Stock and the Banking Sector

    The Federal Reserve has indicated we could see two more rate hikes in 2018 after a 25-basis-point hike in the Fed funds rate in March 2018 to 1.8%. Rate hikes have helped banks (XLF) with higher net interest margins (or NIMs). However, the yield curve has flattened in recent months, suggesting we won’t see a major expansion in spreads going forward. Thus, rate hikes from here on will impact credit offtake as corporates could look to reduce leverage amid lower taxes and improving cash flows.

  • See what the IHS Markit Score report has to say about Bank of America Corp.
    Markit4 days ago

    See what the IHS Markit Score report has to say about Bank of America Corp.

    This could indicate that investors who seek to profit from falling equity prices are not currently targeting BAC. BAC credit default swap spreads are within the middle of their range for the last three years.

  • TheStreet.com4 days ago

    The Curious Case of Goldman Sachs, and Let's Consider Bank of America

    The culprit was not just the April Retail Sales report, that really printed in line with expectation, or actually missed if autos are omitted from the data. Weak month over month numbers for both the April PPI, and the April CPI that makes inflation seem benign?

  • How Citigroup Is Expanding Its Balance Sheet amid Reducing Risk
    Market Realist4 days ago

    How Citigroup Is Expanding Its Balance Sheet amid Reducing Risk

    Citigroup’s (C) balance sheet expansion continued in 1Q18 helped by deposits, growth in assets under management, and credit card lending partially offset by the disposal of legacy assets and repurchases. The bank is targeting higher ROE (return on equity) by improving operating performance and engaging in buybacks. Its return on average equity rose to 9.7% in 1Q18 from 7.4% in 1Q17 mainly due to higher revenues, lower credit costs, and lower taxes.

  • Five real estate teams selected to submit plan for two-block North Tryon project
    American City Business Journals4 days ago

    Five real estate teams selected to submit plan for two-block North Tryon project

    Five development teams have been selected to submit a detailed plan for a two-block, public-private redevelopment project along North Tryon Street.

  • InvestorPlace4 days ago

    A Vicious Debt Cycle Could Send Interest Rates Much Higher

    With an improving economy and low unemployment, the country is now experiencing something it has not seen in a long time, rising interest rates. The Federal Reserve Bank has also steadily increased the federal funds rate. Due to these factors, interest rates are poised to move even higher.