BAC - Bank of America Corporation

NYSE - NYSE Delayed Price. Currency in USD
29.40
+0.12 (+0.41%)
At close: 4:00PM EDT

29.45 +0.05 (0.17%)
After hours: 5:44PM EDT

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Previous Close29.28
Open28.94
Bid29.41 x 900
Ask29.43 x 1300
Day's Range28.81 - 29.50
52 Week Range22.73 - 33.05
Volume52,511,684
Avg. Volume67,996,379
Market Cap298.098B
Beta1.59
PE Ratio (TTM)17.05
EPS (TTM)1.72
Earnings DateJul 16, 2018
Forward Dividend & Yield0.48 (1.64%)
Ex-Dividend Date2018-05-31
1y Target Est34.76
Trade prices are not sourced from all markets
  • Investopedia3 hours ago

    Merrill Lynch Could Do About Face on Retirement Account Commissions

    Merrill Lynch, the brokerage unit of Bank of America Corporation ( BAC) that early on banned commissions on retirement accounts ahead of a Department of Labor fiduciary rule, may reverse course on that front now that the regulation was tossed out by a court in March. According to a report in The Wall Street Journal, with the Securities and Exchange Commission (SEC) putting together its own version of the rule that would require brokers handling retirement accounts to put the client's interests first, Merrill Lynch is reviewing its policy and could eliminate the rule. It doesn't hurt that, according to The Wall Street Journal, an increasing portion of assets under management at Merrill Lynch are in fee-based accounts.

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    3 Top Bank Stocks to Buy Right Now

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  • BofA Unit Reviews Commission-Based Retirement Accounts Ban
    Zacks7 hours 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.

  • Monday’s Vital Data: Apple Inc., Micron Technology, Inc. and Ford Motor Company
    InvestorPlace8 hours ago

    Monday’s Vital Data: Apple Inc., Micron Technology, Inc. and Ford Motor Company

    U.S. stock futures are tanking this morning. Futures on the Dow Jones Industrial Average are off more than 100 points as fears of a trade war between the U.S. and China grow. In retaliation, China offered up $34 billion in tariffs on U.S. goods, mainly targeting agricultural products.

  • 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.

  • Student loan debt is crushing college grads
    Yahoo Finance Video4 hours ago

    Student loan debt is crushing college grads

    44 million Americans are paying off student loan debt and colleges are adding to the burden. Yahoo Finance's Seana Smith, Andy Serwer, Julia LaRoche and Jeanie Ahn discuss.