BAC.MX - Bank of America Corporation

Mexico - Mexico Delayed Price. Currency in MXN
606.00
0.00 (0.00%)
As of 2:40PM CDT. Market open.
Stock chart is not supported by your current browser
Previous Close606.00
Open615.50
Bid592.89 x 1500000
Ask625.00 x 1500000
Day's Range600.97 - 615.50
52 Week Range400.00 - 632.20
Volume3
Avg. Volume27,864
Market Cap6.034T
Beta-0.31
PE Ratio (TTM)351.51
EPS (TTM)1.72
Earnings DateN/A
Forward Dividend & Yield9.58 (1.58%)
Ex-Dividend Date2018-05-31
1y Target EstN/A
  • BofA Unit Reviews Commission-Based Retirement Accounts Ban
    Zacks1 hour ago

    BofA Unit Reviews Commission-Based Retirement Accounts Ban

    While re-evaluating the ban on commission in IRAs, BofA (BAC) will likely keep in mind the SEC's rulemaking process related to fiduciary rules related to financial advisors.

  • Financial Times2 days ago

    [$$] Wall St banks sign up to new platform to underpin bond revenues

    , as Wall Street clubs together to maintain its influence on the lucrative market for debt issuance. Underwriting debt is a relatively stable source of billions in annual revenues that could come under threat from tech start-ups and financial data companies investing in the market. Bank of America, Citigroup and JPMorgan have for months been working together to improve what is often a disjointed and labour-intensive process for getting pricing and other information to potential bond investors.

  • The Wall Street Journal3 days ago

    Merrill Considers Lifting Ban on Commission-Based Retirement Accounts

    Merrill Lynch may reverse a ban on commissions in retirement accounts the firm manages, marking a potentially significant retreat for a leading advocate of fee-based accounts. The brokerage arm of Bank of America Corp. banned commissions for retirement accounts in anticipation of the Labor Department’s “fiduciary rule,” which went into effect in April 2016. The regulation was meant to protect retirement savers from conflicted financial advice from brokers seeking commission income.

  • Reuters3 days ago

    Merrill Lynch reviewing ban on commissions-paying retirement accounts

    The head of Bank of America Corp's (BAC.N) Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new retirement accounts that paid them commissions, according to a source familiar with the situation. Merrill Lynch, along with JPMorgan Chase & Co (JPM.N), moved away from brokerage retirement accounts last year, banning the opening of new ones and moving many clients into advisory accounts, in preparation for the U.S. Department of Labor's fiduciary rule.

  • Reuters3 days ago

    Merrill Lynch reviewing ban on commissions-paying retirement accounts

    The head of Bank of America Corp's Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new retirement accounts that paid them commissions, according to a source familiar with the situation. Merrill Lynch, along with JPMorgan Chase & Co, moved away from brokerage retirement accounts last year, banning the opening of new ones and moving many clients into advisory accounts, in preparation for the U.S. Department of Labor's fiduciary rule.

  • BofA Weighs Allowing Commissions on Merrill Lynch Retirement Accounts
    Bloomberg3 days ago

    BofA Weighs Allowing Commissions on Merrill Lynch Retirement Accounts

    Bank of America Corp., faced with a lighter regulatory climate in the Trump era, is considering whether to reverse a decision it made two years ago to remove broker commissions from Merrill Lynch retirement accounts. The firm’s wealth-management unit may allow retirement-account customers flexibility in fee structures after a review is completed in about 60 days, bank spokesman Jerry Dubrowski said. Merrill Lynch’s top executive, Andy Sieg, made the announcement Friday to the firm’s 14,000 financial advisers.

  • Bank of America picks ex Macron adviser Mourad to run investment banking for France: sources
    Reuters3 days ago

    Bank of America picks ex Macron adviser Mourad to run investment banking for France: sources

    LONDON/PARIS (Reuters) - Bank of America (BAC.N) has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters.     Mourad, who is one of France's most well-connected bankers and made his name advising French telecoms tycoon Patrick Drahi on a string of deals to build his Altice empire, will start his new post in September, two of the sources said.

  • Bank of America picks ex Macron adviser Mourad to run investment banking for France - sources
    Reuters3 days ago

    Bank of America picks ex Macron adviser Mourad to run investment banking for France - sources

    LONDON/PARIS (Reuters) - Bank of America (BAC.N) has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters. Mourad, who is one of France's most well-connected bankers and made his name advising French telecoms tycoon Patrick Drahi on a string of deals to build his Altice empire, will start his new post in September, two of the sources said.

  • Reuters3 days ago

    US loan market slow to adapt to electronic trading even as volume rises

    Electronic loan trading volume is rising in the US$1trn US leveraged loan market, but these trades still make up just a fraction of overall activity as many participants have yet to embrace the technology. MarketAxess, a multi-dealer system, said trade volume in the first quarter jumped more than 123% year-over-year, but activity was still just US$643m for loans compared to US$47bn for high-yield bonds. Electronic trading across investments increased as banks pulled back from making markets due to regulatory pressure, and new platforms offered liquidity by facilitating multiple offers.

  • Just Stop Worrying Already and Buy Bank of America Corp Stock
    InvestorPlace3 days ago

    Just Stop Worrying Already and Buy Bank of America Corp Stock

    Last year was a good great one for Bank of America Corp (NYSE:BAC) shareholders. BAC stock was up a little more than 40% in 2017, following 2016’s 60% advance. This year, however, has been far less thrilling for B of A shareholders.

  • How Technology Spending Is Helping Bank of America
    Market Realist3 days ago

    How Technology Spending Is Helping Bank of America

    Bank of America’s (BAC) spending has increased at a far slower pace than its revenues in recent quarters. BAC’s non-interest expenses declined 1.0% to $13.9 billion in the first quarter with an efficiency ratio of 60.0%, which was better than the industry average. The bank’s spending has increased in technology to garner better operating efficiency, penetration, and improved margins.

  • Business Wire3 days ago

    Bank of America Declares Preferred Stock Dividends

    Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L.

  • Bank of America’s Valuations Fair to Low on Growth Expectations
    Market Realist3 days ago

    Bank of America’s Valuations Fair to Low on Growth Expectations

    Bank of America (BAC) stock has risen 2.5% in the last six months and 26.4% in the last year. Bank of America has underperformed in the last month on expectations of lower trading. Bank of America has reported an improved efficiency ratio in recent quarters, helped by operating efficiency on the back of technology spending.

  • BAC’s Lower Taxes, Higher Cash Flows to Allow Distributions
    Market Realist3 days ago

    BAC’s Lower Taxes, Higher Cash Flows to Allow Distributions

    Bank of America (BAC) has enhanced its payouts since the second half of 2017 after it cleared its stress tests and built a strong balance sheet. As the Trump administration has lowered tax rates and operating cash flows have risen due to higher net interest income and non-interest income, bankers (XLF) are looking at higher repurchases to improve return on equity (or RoE). Bank of America is focusing less on an expansion of branch network globally.

  • Investopedia4 days ago

    Bank of America Focused on Growing Merrill Edge

    Merrill Edge – the financial platform that offers access to online and advised investing, trading, brokerage and banking services – is a big focus for parent Bank of America Corporation ( BAC), which plans on expanding its number of physical investment centers by as many as 600 by 2020. Dean Athanasia, president of preferred and small business at Bank of America, said during an industry conference that was covered by American Banker that the biggest opportunity for the bank is its retail brokerage, given that only around 15% of the company's customers use Merrill Edge.

  • Why Wall Street Is Long on Bank of America amid Slow Credit
    Market Realist4 days ago

    Why Wall Street Is Long on Bank of America amid Slow Credit

    Bank of America (BAC) garnered 22 “buys” or “strong buys” from the 30 analysts covering it in June. Seven recommended “hold” ratings, and one analyst has given a “sell” rating. Bank of America’s mean price target is $34.76 per share, implying a rise of 15.8% over the next 12 months.

  • Bank of America’s Consumer Banking Rides on Interest Income
    Market Realist4 days ago

    Bank of America’s Consumer Banking Rides on Interest Income

    The Fed’s hawkish monetary policy has benefited US commercial banks (XLF) since December 2015. This policy has allowed these banks to garner improving net interest margins (or NIMs). The rate hike cycle is in line with the Federal Reserve targeting three rate hikes in 2018. As yield curves have flattened out, the cycle might end sooner than expected, possibly in 2019.

  • ACCESSWIRE4 days ago

    Today's Research Reports on Trending Tickers: Bank of America and JPMorgan Chase

    LONDON, UK / ACCESSWIRE / June 14, 2018 / U.S. markets fell Wednesday after the Federal Reserve raised interest rates and hinted at more increases were coming in 2018. The Nasdaq Composite Index declined 0.11 percent to close at 7,695.70. On Wednesday, the Federal Reserve raised its benchmark short-term interest rate by 0.25 percent.

  • Investopedia4 days ago

    Global Banks Entering Bear Market Are Red Flag for US

    Bear attack: stocks of 16 'Systemically Important' global banks are down by 20% or more from their highs.

  • GlobeNewswire4 days ago

    Consolidated Research: 2018 Summary Expectations for Humana, DexCom, Royal Dutch Shell, First Connecticut, Bank of America, and Equifax — Fundamental Analysis, Key Performance Indications

    NEW YORK, June 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Humana ...

  • Why Global Reach Could Be a Profitable Option for BAC and Peers
    Market Realist4 days ago

    Why Global Reach Could Be a Profitable Option for BAC and Peers

    Credit offtake is expected to be a challenge for bankers (XLF) this year as rate hikes can dissuade borrowers from leveraging up. Retail lending is driving current credit growth due to consumer confidence and a lower unemployment rate. In the second quarter, banks can see lower credit offtake across the major sectors.

  • Does Bank of America Corporation’s (NYSE:BAC) PE Ratio Signal A Buying Opportunity?
    Simply Wall St.4 days ago

    Does Bank of America Corporation’s (NYSE:BAC) PE Ratio Signal A Buying Opportunity?

    Bank of America Corporation (NYSE:BAC) trades with a trailing P/E of 16.8x, which is lower than the industry average of 17x. While BAC might seem like an attractive stock toRead More...

  • Bloomberg5 days ago

    Bond Traders Can Get in Trouble Without Lying to Customers

    The customer would pay 70. Federal prosecutors decided that lying to your customers about the price you had paid for bonds is fraud, and that people should go to prison for it. What is surprising is that a lot of judges and juries seem to have disagreed, and recently several of these traders—who indisputably lied to customers about the prices they had paid for bonds—were either acquitted of fraud, or had their convictions tossed out by judges after juries had convicted them.

  • CNBC5 days ago

    Trader: buy these two bank stocks as the Fed hikes rates

    On Wednesday "Halftime Report" trader Joe Terranova bought Regions Financial RF and added to his Bank of America BAC position. On Wednesday Virtus Investment Partners' Joe Terranova bought Regions Financial RF and added to his Bank of America BAC position because he thinks the bank stocks will benefit from a rising rate environment. The problem is they have not given you the type of performance that maybe some of the higher growth technology names have, but if you look longer term, financials have recovered," he argued on Wednesday's Halftime Report .

  • TheStreet.com5 days ago

    Fed Chairman Jerome Powell Clearly Hates Inflation: Top FOMC Takeaways

    This is the real-time analysis you can't afford to miss, via TheStreet. Stocks turned slightly green around 3:00 p.m. Investors may like Powell's continued pledge to stay data dependent. Powell thinks inflation will top 2% this summer thanks to rising oil prices.