BAC - Bank of America Corporation

NYSE - NYSE Delayed Price. Currency in USD
30.16
-0.05 (-0.17%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close30.21
Open30.01
Bid0.00 x 1000
Ask0.00 x 1000
Day's Range29.88 - 30.19
52 Week Range22.07 - 33.05
Volume44,166,742
Avg. Volume66,616,273
Market Cap305.804B
Beta1.62
PE Ratio (TTM)17.49
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.48 (1.57%)
Ex-Dividend Date2018-05-31
1y Target EstN/A
Trade prices are not sourced from all markets
  • What Charlotte's business community can do to help solve affordable-housing woes
    American City Business Journals10 hours ago

    What Charlotte's business community can do to help solve affordable-housing woes

    Foundation for the Carolinas CEO Michael Marsicano tends to dream big. And, as with previous ambitious philanthropy campaigns, his latest depends heavily on buy-in from Charlotte’s corporate sector.

  • How Charlotte's biggest companies fared on latest Fortune 500 ranking
    American City Business Journals10 hours ago

    How Charlotte's biggest companies fared on latest Fortune 500 ranking

    The Charlotte region’s Fortune 500 headquarters count remained steady at six in Fortune magazine’s listing of the largest U.S. public and private corporations for 2018. There were no companies in South Carolina that made the Fortune 500 ranking. Among local companies, Sealed Air Corp. (NYSE: SEE) was the biggest mover on the list, dropping 59 spots to No. 456.

  • The Wall Street Journal11 hours ago

    [$$] Teen Retailer Rue21 Gets Some Help From Bank of America

    has thrown a lifeline to Rue21 allowing the fresh-out-of-bankruptcy teen retailer stock up for the coming back-to-school season just as it failed to get an extra $25 million loan from Pathlight Capital, according to people familiar with the matter. Bank of America, Rue21 Inc.’s lender, has agreed to upsize its loan to the teen retailer, after the company’s effort to sign up a separate junior loan from Pathlight Capital failed collapsed when lenders vetoed the move, people familiar with the matter said. Rue21’s revolver lender, Bank of America, however, has recently upsized its asset-based loan to the retailer to close to $140 million, from $125 million, according to the people.

  • InvestorPlace14 hours ago

    Wells Fargo & Co Stock Is a Rough Diamond — Go Long

    Year-to-date, Wells Fargo & Co (NYSE:WFC) stock is lagging the group, down 10% while other bank stocks like Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) are 10 points better off. WFC stock so far has been able to withstand selling pressure from tremendous market-wide fears, its own inflammatory headlines and tremendous global volatility, and has remained in line with price expectations.

  • Wells Fargo Stock Delivering Payout Yields amid Weak Performance
    Market Realist14 hours ago

    Wells Fargo Stock Delivering Payout Yields amid Weak Performance

    Wells Fargo (WFC) has delivered stable profitability since the beginning of 2017 helped by rates and lower taxes in 2018. The bank has maintained high dividend yields and repurchases in order to boost return on equity (or RoE). It has relatively high capital adequacy ratios and has passed recent stress tests. However, a further hike in payouts will depend on its growth in operating performance. Amid rising rates and lower taxes, credit offtake has been weaker.

  • How Monetary Policy and the Yield Curve Are Shaping Up in 2018
    Market Realist16 hours ago

    How Monetary Policy and the Yield Curve Are Shaping Up in 2018

    The Federal Reserve is expected to increase the Fed funds rate two more times in 2018. The yield curve is flattening, indicating a smaller difference between short-term and long-term interest rates. This has happened because the Fed has pushed for higher short-term rates with no major uptick in long-term rates. A flattening yield curve is a cause for concern, as it indicates weaker expectations from long-term equity and debt assets.

  • Friday’s Vital Data: Micron Technology, Inc. (MU), Bank of America Corp (BAC) and Petróleo Brasileiro S.A. Petrobras (PBR)
    InvestorPlace16 hours ago

    Friday’s Vital Data: Micron Technology, Inc. (MU), Bank of America Corp (BAC) and Petróleo Brasileiro S.A. Petrobras (PBR)

    U.S. stock futures are trading higher this morning, which is a bit surprising. President Donald Trump cancelled the U.S.’s summit with North Korea yesterday. What’s surprising is that North Korea kept its cool and did not ratchet up rhetoric in response.

  • America's biggest companies are raking it in. Here's what's driving the profit boom.
    American City Business Journals16 hours ago

    America's biggest companies are raking it in. Here's what's driving the profit boom.

    Corporate America's bottom line is booming on the back of a resurgent economy and the prospect that the good times are just getting started.

  • What to Make of North Korea, Trade Wars, and Rate Hikes
    Market Realist17 hours ago

    What to Make of North Korea, Trade Wars, and Rate Hikes

    President Trump has canceled the scheduled meeting with North Korea’s Kim Jong-un on June 12. The Trump administration and China have achieved consensus in their trade war negotiations, with China agreeing to import natural gas to the tune of $50 billion annually as well as increase agricultural imports by ~30%.

  • Investopedia17 hours ago

    6 Stocks That Can Outperform a Choppy Market

    After years of lagging growth stocks, value stocks may be overdue for a return to market leadership. Among those who are confident about pivoting towards value stocks is Scott Blasdell, manager of the JPMorgan Large Cap Value Fund A (OLVAX). "I'm looking for stocks that rank favorably in terms of valuations but also have a bit of controversy around them," as Blasdell told Barron's.

  • How Trump Administration Policies Are Driving Wells Fargo’s Results
    Market Realist17 hours ago

    How Trump Administration Policies Are Driving Wells Fargo’s Results

    The Trump administration is pushing for policy changes on multiple fronts like tax cuts, trade wars, a push for domestic manufacturing, changes in the Dodd-Frank Act, and immigration policies. Overall, the policies are directed towards improving manufacturing growth and improving operating cash flows for companies in the US. Banks (XLF) with a major domestic presence including Wells Fargo (WFC) and JPMorgan (JPM) are expected to benefit from these policies due to a boost to credit growth.

  • The Wall Street Journalyesterday

    [$$] Merrill Lynch Brokers Face Pay Clawbacks

    Some Merrill Lynch brokers are bracing for a pay cut this summer as the firm’s parent, Bank of America Corp., rolls out a new compensation program that punishes advisers who don’t meet certain sales targets. The new plan is stirring some discord inside Merrill, in part because it emphasizes cross-selling outside brokers’ traditional role. “It’s going to be ugly,” said one longtime Merrill broker who has spent recent weeks grousing with colleagues about the changes.

  • How Rate Hikes Are Affecting Wells Fargo
    Market Realistyesterday

    How Rate Hikes Are Affecting Wells Fargo

    Wells Fargo (WFC) benefited alongside other bankers from rising rates, which resulted in better rate spreads for existing loan books. The bank continues to command the highest net interest margins (or NIMs) among peers (XLF). However, rate hikes going forward aren’t expected to boost margins, and will instead put pressure on further lending due to higher interest rates.

  • Wells Fargo Stock Sees Impact of Weaker Retail Lending
    Market Realistyesterday

    Wells Fargo Stock Sees Impact of Weaker Retail Lending

    Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover? Wells Fargo (WFC) continues to see a contraction in its loan book in recent quarters mainly due to strict underwriting guidelines and repayments from existing clientele. Overall banks (XLF) are facing difficulty in expanding their loan books amid rising interest rates, which has pushed corporates to reduce leverage.

  • Survey: Hispanic business owners more optimistic about their companies' futures
    American City Business Journalsyesterday

    Survey: Hispanic business owners more optimistic about their companies' futures

    Hispanic owners of small businesses across the country were generally more bullish about their companies' growth than small business owners overall, according to a survey conducted in fall 2017 by GfK Public Affairs and Corporate Communications on behalf of Bank of America Corp. The organization surveyed more than 1,000 owners of companies with less than $5 million in revenue and fewer than 100 employees. About 77 percent of Hispanic small business owners surveyed said they will expand their businesses in the next five years, compared to 50 percent of non-Hispanic business owners, according to the report.

  • Investopediayesterday

    Bank Reform Bill to Boost Mortgage Availability: NAR

    The bank reform bill aimed at rolling back regulations from the Dodd-Frank, Wall Street Reform and Consumer Protection Act has won the support of the National Association of Realtors (NAR), which said that it will bring much-needed relief to the banking market and increase the availability of mortgages. With President Donald Trump repeatedly expressing animosity toward the Dodd-Frank Act, it's likely that the new bill will become law when it lands on his desk. After all, once the bill becomes law, smaller banks will be able to lend more – and that includes mortgages.

  • Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover?
    Market Realistyesterday

    Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover?

    Wells Fargo (WFC) has had a flat operating performance over the past six quarters compared to the stellar performances by its industry peers (XLF) mainly due to controversies involving the fake account opening scam and the latest news about the alteration of internal records. The bank is finding it difficult to shore up its loan book amid such controversies, and its efforts to bump up its integrity through new marketing campaigns are being derailed. The stock has tanked 9.6% over the past one quarter owing to weaker performance and continued controversies surrounding employee culture.

  • The Wall Street Journal2 days ago

    [$$] Bank of America Says It Has a Claim on Assets Sought by Applebee's Parent

    Corp. is fighting back against Applebee’s International Inc.’s move last week to seize control of a bankrupt franchisee’s operations, saying it has a claim on the operator’s leases, equipment and inventory. Inc., the publicly traded parent of the Applebee’s Neighborhood Grill & Bar restaurant chain, last week asked the U.S. Bankruptcy Court in Wilmington, Del., to clear a path for it to possibly seize its restaurants from RMH Franchise Holdings Inc., saying the operator of 159 restaurants in 15 states has been delinquent on royalty and advertising payments. Dine Brands last week asked Judge Brendan Shannon to lift the automatic stay of RMH, which filed for chapter 11 reorganization May 8.

  • Thursday’s Vital Data: General Electric Company (GE), Netflix, Inc. (NFLX) and JD.com Inc(ADR) (JD)
    InvestorPlace2 days ago

    Thursday’s Vital Data: General Electric Company (GE), Netflix, Inc. (NFLX) and JD.com Inc(ADR) (JD)

    U.S. stock futures are headed lower this morning, as North Korea once again threatened to back out of next month’s summit with the U.S. The nation’s vice minister of foreign affairs said that if talks didn’t proceed, the U.S. could face off with North Korea in a “nuclear-to-nuclear showdown.”

  • InvestorPlace2 days ago

    Start Betting on Gambling Stocks

    The Supreme Court recently ruled that individual states can choose whether to legalize or prohibit sports betting, voiding the Professional and Amateur Sports Protection Act of 1992 and paving the way for legalized gambling on all types of sports events outside of Las Vegas. In fact, Bank of America predicts that the gross revenue from legal sports betting will increase from the current $200 million annually to $5 billion-$10 billion in the next five years. Bank of America said it could see incremental annual sales opportunities between $250 million and $1 billion, but I think the upside is even bigger.

  • How Wells Fargo is reaching out to bring veterans on board
    American City Business Journals2 days ago

    How Wells Fargo is reaching out to bring veterans on board

    Transitioning into the civilian workforce after military service is a daunting task for many veterans. That’s why Charlotte’s financial-services industry offers transitional programs for these potential employees, focusing on veterans’ work ethic, leadership and teamwork skills.

  • Bank of America Corporation (NYSE:BAC): What You Have To Know Before Buying For The Upcoming Dividend
    Simply Wall St.2 days ago

    Bank of America Corporation (NYSE:BAC): What You Have To Know Before Buying For The Upcoming Dividend

    Investors who want to cash in on Bank of America Corporation’s (NYSE:BAC) upcoming dividend of $0.12 per share have only 6 days left to buy the shares before its ex-dividendRead More...

  • Reuters2 days ago

    Top banks' Q1 commodities revenue jumps 48 pct -report

    Commodities-related revenue at the 12 biggest investment banks in the first quarter jumped 48 percent year on year driven by the U.S. energy sector and commodity indices, consultancy Coalition said on Thursday. Revenue from commodity trading, selling derivatives to investors and other activities in the sector climbed to $1.2 billion, the financial industry analytics firm said in a report. "Significantly higher U.S. power and gas results were driven by improved market conditions and some one-off transactions," Coalition said.

  • Markets Right Now: Stocks shake off weak start, end higher
    Associated Press2 days ago

    Markets Right Now: Stocks shake off weak start, end higher

    The latest on developments in financial markets (all times local): 4 p.m. U.S. stocks turned higher and finished with small gains after the Federal Reserve indicated it's not in a hurry to raise interest ...

  • U.K. Economy Grows 0.1% in 1Q as Consumer Spending Slows
    Bloomberg Video19 hours ago

    U.K. Economy Grows 0.1% in 1Q as Consumer Spending Slows

    May.25 -- Kamal Sharma, director of G10 FX strategy at Bank of America Merrill Lynch, examines first-quarter U.K. economic growth with Bloomberg's Francine Lacqua on "Bloomberg Surveillance."