BAC.MX - Bank of America Corporation

Mexico - Mexico Delayed Price. Currency in MXN
510.50
-5.09 (-0.99%)
As of 1:30PM CST. Market open.
Stock chart is not supported by your current browser
Previous Close515.59
Open508.71
Bid510.01 x 1500000
Ask546.53 x 1500000
Day's Range508.65 - 512.30
52 Week Range452.00 - 632.20
Volume33,805
Avg. Volume22,282
Market Cap5.126T
Beta (3Y Monthly)-0.07
PE Ratio (TTM)195.59
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield11.57 (2.24%)
Ex-Dividend Date2019-02-28
1y Target EstN/A
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  • Here's Why Shares of Bank of America Were Down on Friday
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    Here's Why Shares of Bank of America Were Down on Friday

    Bank-stock investors are not happy with what the Federal Reserve had to say.

  • MarketWatch3 days ago

    Financial stocks in broad selloff again, as Treasury yields fall

    Financial stocks were broadly lower Friday, with the sector headed for a fourth-straight loss, as the benchmark 10-year Treasury yield dropped to a 15-month low in the wake of the Federal Reserve's downbeat economic outlook and disappointing eurozone data. The SPDR Financial Select Sector ETF shed 1.3%, with 67 of 68 components trading lower, and has not dropped 4.4% over the past four sessions. Among the ETF's most-active components, shares of Bank of America Corp. lost 1.4%, Citigroup Inc. gave up 2.4%, J.P. Morgan Chase & Co. slid 0.9% and Regions Financial Corp. slumped 3.1%. Lower long-term interest rates can hurt bank profits, as the spread between what the banks earn on longer-term assets, such as loans, and what they pay to fund the assets with shorter-term liabilities, narrow. The financial ETF has lost 7.1% over the past 12 months, while the Dow Jones Industrial Average has gained 7.9%.

  • One Junk-Bond Buyer Just Saved $600,000 With 21-Second ETF Trade
    Bloomberg3 days ago

    One Junk-Bond Buyer Just Saved $600,000 With 21-Second ETF Trade

    An investor looks to have saved hundreds of thousands of dollars on Thursday by switching from one exchange-traded fund focused on junk bonds, to a cheaper ETF with a similar strategy. All told, the transactions took 21 seconds, and could reduce the trader’s investment bill by about $600,000. More than $350 million worth of shares in State Street Corp.’s SPDR Bloomberg Barclays High Yield Bond ETF, or JNK, hit the tape in two blocks at 12:46 p.m. in New York, data compiled by Bloomberg show.

  • MarketWatch4 days ago

    Financial stocks fall again, as Fed's dovish messages weighs on yields

    Financial stocks fell Friday, and were the only sector of the S&P 500's 11 sectors to be losing ground, as Treasury yields extending declines amid growing concerns of a slowing economy. The SPDR Financial Select Sector ETF declined 0.4%, and has now lost 3.2% amid a 3-session losing streak. Among some of the financial ETF's most heavily weighted components, shares of J.P. Morgan Chase & Co. fell 1.8% to pace the Dow Jones Industrial Average's decliners, Bank of America Corp. shed 1.4%, Citigroup Inc. slid 1.0%, Goldman Sachs Group Inc. gave up 0.3% and Wells Fargo & Co. lost 1.2%. Meanwhile, the yield on the 10-year Treasury yield declined 1.4 basis points to a 14-month low of 2.451%, in the wake of the Federal Reserve's dovish message, in which the central bank cut its outlook for economic growth and inflation, as well as its projections for interest-rate hikes to none from two. Lower Treasury yields can hurt bank profits, as they narrow the spread between what banks earn on longer-term assets, like loans, that are funded by shorter-term liabilities.

  • Why the Federal Reserve may have just killed the stock market rally
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  • Reuters5 days ago

    Brazil's Neoenergia taps JPMorgan, BofA and Banco do Brasil for IPO -sources

    Brazilian power company Neoenergia SA has picked the investment banking units of JPMorgan Chase & Co, Bank of America Corp and Banco do Brasil SA to manage its initial public offering, three people familiar with the matter said on Wednesday. Other banks may still join the group managing the IPO, added one of the sources, who asked for anonymity to discuss the plans openly. Neoenergia, JPMorgan, Bank of America and Banco do Brasil declined to comment.

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  • Reuters6 days ago

    MOVES-Bank of America appoints new co-heads of APAC M&A - memo

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  • Bank of America Dives Deep Into India’s Bad Debt
    Bloomberg6 days ago

    Bank of America Dives Deep Into India’s Bad Debt

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  • Deutsche Bank Is Setting Up a Bad-Loan Buying Unit in India
    Bloomberg8 days ago

    Deutsche Bank Is Setting Up a Bad-Loan Buying Unit in India

    The German bank felt the need to have its own asset reconstruction company to buy and reorganize non-performing credit as current Indian rules restrict overseas investors from buying soured loans directly from lenders in the country, the people said, asking not be identified as the information isn’t public. Bank of America Corp. is also considering setting up a similar unit, other people familiar with the matter said. More than 29 ARCs have been set up in India after parliament passed a law in 2002 to help banks clear their balance sheets by selling bad loans.

  • TheStreet.com10 days ago

    Hong Kong Stock Watchdog Slaps 4 Major Banks for Shoddy Work

    Hong Kong's securities watchdog has punished four of the world's largest investment banks for not doing their jobs properly when arranging stock offerings in the city. for their roles as sponsors underwriting new listings on the Hong Kong Stock Exchange. Specifically, it outlined a litany of faults concerning a lack of fact checking and due diligence in preparing the stock offerings of the logging company China Forestry Holdings in 2009 and chemicals manufacturer Tianhe Chemicals Group in 2014.

  • Reuters11 days ago

    Nine banks win dismissal of Canadian rate-rigging lawsuit in U.S.

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    [$$] Hong Kong watchdog fines global banks $100m over China IPOs

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    BRIEF-Hong Kong SFC Reprimands And Fines Merrill Lynch Far East Limited HK$128 Mln For Sponsor Failures

    March 14 (Reuters) - Hong Kong Securities and Futures Commission : * HONG KONG SFC SAYS IT REPRIMANDS AND FINES MERRILL LYNCH FAR EAST LIMITED HK$128 MILLION ($16.31 million) FOR SPONSOR FAILURES Source ...

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    Bloomberg12 days ago

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  • CNBC12 days ago

    JP Morgan escalates deposit wars with expansion into the heart of Bank of America country

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  • Barrons.com13 days ago

    Merrill Lynch Wields Discounted Mortgages

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