BAC - Bank of America Corporation

NYSE - NYSE Delayed Price. Currency in USD
30.03
0.00 (0.00%)
At close: 4:00PM EDT
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Previous Close30.03
Open29.95
Bid30.01 x 47300
Ask30.02 x 41800
Day's Range29.82 - 30.16
52 Week Range22.66 - 31.91
Volume58,341,559
Avg. Volume59,637,261
Market Cap287.339B
Beta (3Y Monthly)1.54
PE Ratio (TTM)11.16
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.60 (2.17%)
Ex-Dividend Date2019-02-28
1y Target EstN/A
Trade prices are not sourced from all markets
  • Barrons.com21 hours ago

    Why Teams Dominate at the Top Financial Advisors

    Taking a more integrated approach to financial stewardship, advisory firms are relying on teams offering both investment advice and related services. It’s paying off nicely for advisory practices and their clients.

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    Investopedia21 hours ago

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  • Financial Times2 days ago

    Goldman Sachs pays price for delay to strategic update

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  • This Unconventional Metric is Bank of America's Key to Success
    Motley Fool2 days ago

    This Unconventional Metric is Bank of America's Key to Success

    And the bank has an impressive 17-quarter streak getting results.

  • Reuters2 days ago

    BUZZ-U.S. stocks weekly: Calm before the earnings storm

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  • Bank of America Stock Is One Catalyst Away From Moving Higher
    InvestorPlace2 days ago

    Bank of America Stock Is One Catalyst Away From Moving Higher

    Bank of America (NYSE:BAC) dropped and then recovered in Tuesday trading following its earnings announcement. The Charlotte-based banking giant beat earnings estimates, but missed on revenue. This, along with a warning about slowing net interest income, hit BAC stock before it recovered later in the day. * 5 Dividend Stocks Perfect for Retirees Source: Shutterstock However, the quick move to pre-report levels may show underlying confidence in BAC. With a low multiple and double-digit profit growth set to continue, Bank of America stock looks poised for a breakout. BAC Stock Beat on Earnings, Fell Short on RevenueFor the first quarter, BAC reported its 16th consecutive beat on earnings. In Q1, the company earned 70 cents per share, or $7.3 billion. This beat estimates by 5 cents per share and came in ahead of the year-ago level of 62 cents per share. Consumer banking led the way as net income from that division rose 25% to $3 billion. Net income in its Global Wealth and Investment Management division also rose by 14%.However, other divisions saw slower profit growth or, in the case of Global Banking, an outright decline. Also, revenues of $23 billion fell short of the first quarter revenue level of $23.07 billion last year. Analysts had expected $23.3 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe disappointment did not end there. The company also acknowledged that net interest income would rise by only 3% this year. Net interest income increased by 6% in 2018. This news sent BAC stock falling by as much as 2.8% in morning trading. BAC Stock Recovered QuicklyHowever, the fact that the stock ended the day 0.13% higher shows underlying confidence in BAC. Since mid-January, the stock has mostly traded between $28 and $30 per share. The exception occurred in mid-March. BAC stock fell to as low as $26.67 per share when the Fed announced an intention to delay further rate increases for the year. Still, it recovered quickly to the previous range.Traders appear justified in keeping BAC stock at these levels. When looking at the overall picture, little reason exists to sell Bank of America stock. The current price-to-earnings (PE) ratio stands at around 11.5. At this price level, the PE falls to 9.3 on a forward basis. For this valuation, investors buy a company expected to increase profits by 9.5% this year and 10.8% in fiscal 2020.The improvements extend beyond BAC. JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C) confirmed the strength of this sector in their recent earnings reports. Wells Fargo (NYSE:WFC) did not perform as well, but it continues to struggle with reputation issues. Goldman Sachs (NYSE:GS), which also offered mixed news in its report, depends more on investment banking. When Will BAC Stock Finally Rise?With BAC stock, the near-term questions involve when a breakout will occur and what will cause it? Since quarterly earnings did not offer a catalyst, predicting when becomes more difficult.If nothing else, rising profits and falling earnings multiples will eventually take BAC stock higher. Moreover, BAC will pay its investors to wait with dividends. BAC has increased its payout for five straight years now. This year's dividend of 60 cents per share yields about 2%. Hence, investors will receive a payout slightly above the current S&P 500 average of 1.85%. Also, if history serves as an indication, investors can expect the dividend to increase over time. Final Thoughts on BAC StockConditions remain in place for BAC stock to move higher. The question hinges on when? As predicted, earnings increased and beat estimates again. Also, despite disappointments in revenue and net interest income, the stock recovered quickly. Still, this leaves BAC stock rangebound and traders with no indication as to when it will break out. * 10 Best Stocks to Buy and Hold Forever Investors can buy now and earn a yield of about 2% on the dividend. Also, even if little else occurs, improving profits will force Bank of America stock to move higher at some point. However, until a catalyst appears, expect payouts and little else from BAC stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Bank of America Stock Is One Catalyst Away From Moving Higher appeared first on InvestorPlace.

  • Health Care Tanks on Medicare-for-All Worries
    Investopedia2 days ago

    Health Care Tanks on Medicare-for-All Worries

    Health care concerns could be oversold, and while consumers look good for banks, the yield curve remains a problem.

  • Thomson Reuters StreetEvents2 days ago

    Edited Transcript of BAC earnings conference call or presentation 16-Apr-19 12:30pm GMT

    Q1 2019 Bank of America Corp Earnings Call

  • CNBC3 days ago

    JP Morgan and Bank of America posted record profits, but investors worry it's downhill from here

    J.P. Morgan made $9.2 billion in the first three months of the year. Bank of America said that it generated $7.3 billion. More than anything else that banks do, investors value net interest income, or the revenue that banks garner from collecting loan payments, minus the interest it pays to depositors.

  • Bank of America’s Asset Quality, Efficiency, and Earnings
    Market Realist3 days ago

    Bank of America’s Asset Quality, Efficiency, and Earnings

    Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Asset quality Bank of America’s (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter. The net

  • Banks Offer Hope for Trading Turnaround After Six-Month Slump
    Bloomberg3 days ago

    Banks Offer Hope for Trading Turnaround After Six-Month Slump

    Executives cited a good start to April and the expectation of several large initial public offerings in coming months to offer hope after a rough start to 2019 for their capital-markets businesses. The five largest Wall Street firms’ trading and investment banking revenue both fell in back-to-back quarters, the first time that’s happened in more than six years. "After a slow start, momentum and confidence picked up," Morgan Stanley Chief Financial Officer Jon Pruzan told investors Wednesday.

  • Analyzing Bank of America’s Revenues in Q1
    Market Realist3 days ago

    Analyzing Bank of America’s Revenues in Q1

    Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Revenues missed the estimate Bank of America (BAC) posted total revenues, net of the interest expense, of $23.0 billion. The revenues were roughly flat compared to

  • Barrons.com3 days ago

    Bank of America’s Earnings Got a Lot of Praise. This Analyst Cut Its Stock.

    “The stock should remain a core holding,” Ken Usdin of Jeffries says, but now isn’t the time to invest new money in the name, saying there is “not enough upside.”

  • Morgan Stanley (MS) Q1 Earnings & Revenues Beat, Stock Up
    Zacks3 days ago

    Morgan Stanley (MS) Q1 Earnings & Revenues Beat, Stock Up

    Amid slump in investment banking and trading, Morgan Stanley's (MS) Q1 earnings beat estimates driven by loan growth and lower expenses.

  • Stock Market News For Apr 17, 2019
    Zacks3 days ago

    Stock Market News For Apr 17, 2019

    Markets closed higher on Tuesday as investors welcomed a spate of healthy first quarter earnings results.

  • Why Bank of America’s Q1 Results Didn’t Lift Its Stock
    Market Realist3 days ago

    Why Bank of America’s Q1 Results Didn’t Lift Its Stock

    Why Bank of America’s Q1 Results Didn't Lift Its StockWhat restricted the upside in stock? On April 16, Bank of America (BAC) announced mixed first-quarter results. The YoY (year-over-year) improvement in the net interest due to continued growth in

  • This is Why Bank of America (BAC) is a Great Dividend Stock
    Zacks3 days ago

    This is Why Bank of America (BAC) is a Great Dividend Stock

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes? Let's find out.

  • Moody's3 days ago

    Moody's Fully Supported Municipal & IRB Deals

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  • 3 Big Stock Charts for Wednesday: Western Digital, UnitedHealth Group and Bank of America
    InvestorPlace3 days ago

    3 Big Stock Charts for Wednesday: Western Digital, UnitedHealth Group and Bank of America

    Another day of lethargy and uncertainty, with the S&P 500 essentially breaking even on Tuesday. Volume wasn't wild, but it was above the recent average, suggesting some traders are sneaking out of trades while things are quiet.Source: Allan Ajifo via Wikimedia (Modified)There were still major movers though. Netflix (NASDAQ:NFLX) was one of them, up a little more than 3% headed into its earnings report. Last quarter's results were good, but its outlook was lackluster. However, NFLX stock held onto most of its regular-hours gains during the after-hours session.At the other end of the spectrum, Tenet Healthcare (NYSE:THC) led a herd of healthcare plan stocks lower, giving up more than 11% of its value on a combination of profit-taking and worries about the future of healthcare with either party in the White House.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm Neither are compelling prospects headed into today's session though. Rather, it's the stock charts of Western Digital (NASDAQ:WDC), UnitedHealth Group (NYSE:UNH) and Bank of America (NYSE:BAC) that merit the closest looks. Here's what to look for. Bank of America (BAC)Bank of America is a name we've taken several looks at in recent weeks, as it continues to chip away at a technical ceiling. As of our last look on the last day of February, it hadn't happened yet, but BAC was once again close to clearing resistance at $29.75.That's happened in the meantime, but BofA isn't over its final hump just yet. The shape of Tuesday's bar, however, is subtly bullish in that it implies the bears can't keep BAC stock down, and the bulls are willing to buy en masse on big dips. Click to Enlarge * Notice on the daily chart how yesterday's open fairly deep in the red was almost entirely wiped away by the day's end. * Also notice on the daily chart that the bulls poured in on Friday and Tuesday. While no major progress was made, the market tipped its hand. * The key, of course, is still clearing the new technical ceiling at $30.17, where BAC stock has peaked twice since mid-March. UnitedHealth Group (UNH)UnitedHealth Group might ring a bell. We've warned several times that the stock was rocking its way into trouble, and the resistance found at key moving average lines late last month only exacerbated the risks.The worst-case scenario has been realized in the meantime. That is, the last bastion of technical support has been obliterated … and in the worst way possible. The shape of Tuesday's bar opens the door to the possibility of a rebound, but if that effort crumbles, there's little left that will be able to prop UNH stock up. * 10 Dividend Growth Stocks You Can't Miss Click to Enlarge * On Friday, UnitedHealth shares fell under what would have ideally been a floor that tagged the December and March lows. It looked like the bulls would draw a line in the sand there, but they clearly didn't. * Yesterday was a bearish day, albeit not the worst kind. The worst kind would have happened after a prolonged rally. * The volume spike that accompanied yesterday's setback often indicates a capitulation, where the last of the sellers are flushed out and the first of the bargain hunters flood in. It could take a few days to determine if that's the way things are going to pan out though. Getting back above that technical floor will be the key. Western Digital (WDC)In late February, we pointed out Western Digital shares were acting like they were in recovery mode. Although the effort may have only been to close a gap, that action had the potential to put a bigger recovery move into place.That's exactly how things have taken shape in the meantime. While the bulls and the bears have continued to grapple even after closing the gap, yesterday's big gain may have dealt a decisive blow to the bearish pressure. It also pushed WDC stock above a key technical hurdle. Click to Enlarge * Although the gap has been closed, the rally didn't follow through straight-away. But, the slide back to the 50-day moving average line (highlighted) and push up and off of it may actually lay the better foundation. * The big win on Tuesday was the break above the white 200-day moving average line at $53.16. This is the first time Western Digital has been above it since the middle of 2018. * Zooming out to the weekly chart, it's easy to see WDC stock is no stranger to major moves once the 200-day moving average line is crossed.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 3 Big Stock Charts for Wednesday: Western Digital, UnitedHealth Group and Bank of America appeared first on InvestorPlace.

  • Bank of America Jumps Into Brazil’s Booming Local Bond Business
    Bloomberg3 days ago

    Bank of America Jumps Into Brazil’s Booming Local Bond Business

    The bank started working with clients this month to help them with potential sales of corporate bonds denominated in the local currency, according to Eduardo Alcalay, Bank of America’s chief executive officer for Brazil. The securities will only be offered to professional investors, he said.

  • Investing.com4 days ago

    Morgan Stanley Shares Rise After 1Q Revenue Drops Less Than Feared

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  • Financial Times4 days ago

    Boring banking is exciting again in the US

    At JPMorgan Chase and Bank of America, bank deposits and loans grew and lending margins widened. Retail net interest income rose 11 per cent at Chase and 10 per cent at BofA, to $9.4bn and $7.1bn, respectively. “Look at the banks’ different businesses — corporate and investment banking is not a source of growth, and asset management is not [either].

  • Bank of America Corp (BAC) Q1 2019 Earnings Call Transcript
    Motley Fool4 days ago

    Bank of America Corp (BAC) Q1 2019 Earnings Call Transcript

    BAC earnings call for the period ending March 31, 2019.

  • Reuters4 days ago

    Brazil's Petrobras hires JPMorgan, Citi to manage BR Distribuidora offering -sources

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  • Stocks rise after strong earnings results
    Yahoo Finance4 days ago

    Stocks rise after strong earnings results

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