BAC - Bank of America Corporation

NYSE - NYSE Delayed Price. Currency in USD
+0.06 (+0.20%)
At close: 4:00PM EDT
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Previous Close30.02
Bid0.00 x 28000
Ask30.10 x 800
Day's Range29.90 - 30.32
52 Week Range22.66 - 31.91
Avg. Volume57,442,383
Market Cap287.817B
Beta (3Y Monthly)1.54
PE Ratio (TTM)11.18
EPS (TTM)2.69
Earnings DateJul 17, 2019
Forward Dividend & Yield0.60 (2.17%)
Ex-Dividend Date2019-02-28
1y Target Est33.40
Trade prices are not sourced from all markets
  • Financial Times4 hours ago

    Can Buffett rediscover his mojo and outperform the S&P 500?

    FT premium subscribers can click here to receive Due Diligence every day by email. Warren Buffett holds many titles — the sage of Omaha, America’s favourite capitalist and the third-richest man in the world — but the one he’s most proud of still seems to be the chief executive of Berkshire Hathaway. The billionaire investor spent three hours with DD’s own Eric Platt and the FT’s Robert Armstrong and Oliver Ralph in his office in Omaha to reflect on his legacy, expectations and finding value in a booming market.

  • Uber Aims for an IPO Valuation of as Much as $90 Billion
    Bloomberg4 hours ago

    Uber Aims for an IPO Valuation of as Much as $90 Billion

    Uber could aim to raise about $8 billion to $10 billion in the listing, though the final details of the pricing may still change, the people said. At the lower end of the range the price would value Uber just above its last private funding round, in which Toyota Motor Corp. invested at a valuation of about $76 billion. Uber is taking a conservative approach to its valuation and could later raise the price depending on investor demand, the people said.

  • Alarm Sounds for World Growth as Bellwether Economy Contracts
    Bloomberg18 hours ago

    Alarm Sounds for World Growth as Bellwether Economy Contracts

    A separate report showed global trade volumes are falling at the fastest pace in a decade. Hot on the heels of the surprise reading from Korea, the Bank of Japan warned of “high uncertainties” in its outlook for growth as it pledged to keep interest rates at rock bottom levels through at least spring of 2020. The BOJ now projects that it won’t hit its 2 percent inflation target at least through March 2022, which will be nine years since Governor Haruhiko Kuroda launched his radical program to reflate prices.

  • Major German banks scrap merger talks over fear of costs
    Associated Press20 hours ago

    Major German banks scrap merger talks over fear of costs

    Germany's Deutsche Bank and Commerzbank said Thursday they were halting talks on a possible merger that aimed to create a stronger global banking player, saying it would be too risky and costly. Deutsche Bank CEO Christian Sewing said in a statement that that the combination "would not have created sufficient benefits to offset the additional execution risks" in carrying out such a sweeping combination. Deutsche Bank made a profit last year after three straight years of losses and a wrenching restructuring that has seen it shed thousands of jobs and pull out of countries where its business was less profitable.

  • Financial Timesyesterday

    Occidental snubs hostile takeover specialists in Anadarko bid

    for Anadarko Petroleum, Wall Street dealmakers were not surprised. Occidental has forged close relationships with both banks, particularly Bank of America, where it has regularly poached high-level talent. It is also a reflection of how Occidental has approached the deal — at first hoping to strike a friendly merger before being outmanoeuvred by oil giant Chevron — and how symbiotic its relationship has become with Bank of America, where it has repeatedly relied on high-level talent as part of its strategic decision-making.

  • Business Wireyesterday

    Bank of America Declares Quarterly Stock Dividends

    Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.15 per share, payable on June 28, 2019 to shareholders of record as of June 7, 2019.

  • Power, profits and people: Inside BofA's annual shareholder meeting
    American City Business Journals2 days ago

    Power, profits and people: Inside BofA's annual shareholder meeting

    Bank of America Corp.'s annual shareholder meeting on Wednesday went smoothly compared to Wells Fargo & Co.'s contentious affair the day before.

  • Motley Fool2 days ago

    A Trio of Financial Sector Earnings

    Here's how Bank of America, Morgan Stanley, and Travelers fared in the first quarter.

  • Business Wire2 days ago

    Bank of America Announces Preliminary Voting Results From 2019 Annual Meeting of Stockholders

    Bank of America Corporation today announced preliminary results of matters voted upon during the company’s 2019 annual meeting of stockholders.

  • Barrons.com2 days ago

    The Borrowing Binge Isn’t Over for Companies Like Lowe’s and Netflix

    It isn’t clear that U.S. corporate borrowers have learned lasting lessons from last year’s near-death experience. In fact, all but the most-indebted ones seem all too willing to borrow even more.

  • 3 Charts That Suggest Financial Sector Is Headed Higher
    Investopedia2 days ago

    3 Charts That Suggest Financial Sector Is Headed Higher

    Bullish chart patterns across niche subsectors suggest that the financial sector could be gearing up for a major move higher.

  • Bank of America hires thousands in low- to middle-income areas
    American City Business Journals3 days ago

    Bank of America hires thousands in low- to middle-income areas

    The Charlotte-based financial giant is on track to surpass its hiring goals in low- to middle-income communities.

  • ACCESSWIRE3 days ago

    Positive News in The Biotech, Social Media, Financial & Cannabis Sectors Help the Market Towards New Highs

    CORAL GABLES, FL / ACCESSWIRE / April 23, 2019 / The stock market is on the verge of setting new record highs today April 23, 2019. Today we are highlighting: Akari Therapeutics, Plc (AKTX), Twitter Inc. (TWTR), Bank of America Corporation (BAC), Leafbuyer Technologies, Inc. (LBUY). Akari Therapeutics, Plc (AKTX) (Market Cap: $65.409M) traded higher on Tuesday 4/23/2019 after making a big announcement.

  • Bank investors face a 'conundrum' in an inverting yield curve
    Yahoo Finance3 days ago

    Bank investors face a 'conundrum' in an inverting yield curve

    Following mixed earnings results from the big banks, investors face a conundrum: embrace the promise of beating estimates at the risk of slower growth?

  • Business Wire3 days ago

    Bank of America Hires 4,700 Individuals From Low- to Moderate-Income Communities

    Bank of America today announced it has hired 4,700 individuals from low- and moderate-income communities over the last 18 months, bolstered by the 2018 launch of its Pathways career program. Nearly 30 percent of the company’s Consumer business teammates come from LMI neighborhoods, and the company is on track to exceed its 2018 commitment to hire 10,000 individuals over five years from LMI neighborhoods it serves.

  • DouYu, Game-Streaming Firm Backed by Tencent, Files for U.S. IPO
    Bloomberg4 days ago

    DouYu, Game-Streaming Firm Backed by Tencent, Files for U.S. IPO

    The initial filing came almost a year after its biggest competitor, Huya Inc., listed in the U.S. last May. The duo, which operate like Twitch, are China’s top two video-game live-streaming platforms. Both companies are backed by Tencent Holdings Ltd., which plowed more than $1 billion into DouYu and Huya in the past year. DouYu said in the filing that its relationship with Tencent does not restrict the Chinese giant from collaborating with others.

  • GuruFocus.com4 days ago

    3 Bank Stocks to Watch

    Bank of America posted its first-quarter earnings on April 16. Revenue was down slightly from last year, totaling $23 billion, but net income rose to $7.3 billion from $6.9 billion last year. Earnings per share were 70 cents, beating expectations of 66 cents.

  • Best Bank Rewards Programs for the Wealthy
    Investopedia4 days ago

    Best Bank Rewards Programs for the Wealthy

    Compare perks offered by three large banks to wealthy individuals, including higher payment limits, elimination of fees and travel rewards.

  • Federal Bank Holidays 2019: Is My Bank Open Today?
    Kiplinger4 days ago

    Federal Bank Holidays 2019: Is My Bank Open Today?

    Find out if your bank is likely to be open in 2019 on New Year's Day, MLK Day, Presidents Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans Day, Thanksgiving or Christmas.

  • Banking Earnings Mixed, ETFs Gain Moderately
    Zacks4 days ago

    Banking Earnings Mixed, ETFs Gain Moderately

    Banking earnings have been pretty mixed so far in the first quarter but the related ETFs have gained in the key reporting spell.

  • Reuters4 days ago

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

    ** S&P 500 snaps 3-week win streak, though just inches lower by 0.08%. This as 155 cos prepare to report results next week, the busiest period of Q1 earnings season ** Indeed, the SPX is almost there in ...

  • Buy Morgan Stanley Stock on Valuation, Not External Factors
    InvestorPlace4 days ago

    Buy Morgan Stanley Stock on Valuation, Not External Factors

    Morgan Stanley (NYSE:MS) beat earnings and revenue estimates. This helped to continue the march higher in Morgan Stanley stock that began in the middle of March. * 10 S&P 500 Stocks to Weather the Earnings Storm Source: Shutterstock Over the last year, fear of tariffs and worries about the economy have influenced bank stocks. This seems remarkable, as higher interest rates generally boost profits for banks. However, one factor has emerged that could change that dynamic. With the price-to-earnings (PE) ratio flirting with single-digit levels, MS stock may become a buy regardless of the economy. MS Sees Brighter Outlook After Earnings, Revenue BeatsThe New York-based investment bank reported first-quarter earnings at $1.33 per share. This came in 17 cents ahead of estimates, but well short of the $1.45 per share reported in the same quarter last year. Revenues of $10.29 billion beat consensus estimates of $9.93 billion. However, year-ago revenues came in at $11.08 billion.Without question, earnings have slumped this year. Morgan Stanley stock, along with peers such as Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), and JPMorgan Chase (NYSE:JPM), saw their stock prices drop through most of 2018. They also stagnated between mid-January and the middle of March, as tariff-related concerns continued to weigh on these stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, fears of a recession led to a more dovish tone from the Fed. Higher interest rates tend to boost earnings potential for bank stocks. However, Morgan Stanley stock and other bank stocks have seemingly traded on prospects for the economy in recent months.Optimism about the economy rebounded as the Fed's more dovish tone and the optimism about a U.S.-China trade agreement helped to boost bank stocks. Indeed, the outlook now appears brighter. Analysts forecast earnings growth of 10.9% next year. Wall Street also forecasts average earnings increases of 10.82% per year for the next five years. Morgan Stanley Stock Becoming a Valuation PlayStill, investors may have a bigger reason to buy than profit projections. Traders should also recognize that valuation could again become a key driver for Morgan Stanley stock. Due to falling multiples, MS may have also become a buy regardless of the economy. Investors who purchase now will pay only about 10.2 times earnings, much lower than its 14.5 average PE in recent years.Multiples on Morgan Stanley stock have rarely fallen into the single digits historically. Moreover, when this low valuation comes with double-digit earnings growth, it becomes hard to see MS as anything but a buy. Unless earnings drop significantly, I see little else to change a bullish investment thesis on Morgan Stanley stock.Moreover, even if a recovery in MS stock takes time, investors can still benefit. Thanks to the economic recovery, bank stocks have again begun to increase dividends annually. The annual dividend increases in Morgan Stanley stock resumed in 2014. Today, MS pays $1.20 per share in yearly dividends, a 2.5% yield. Over the last few years, these payout hikes have come when the company reports its second-quarter earnings. Hence, the yield will likely move higher in July. Final Thoughts on Morgan Stanley StockFollowing earnings, investors should consider buying Morgan Stanley stock regardless of the recent influence of economic forces. MS beat reduced earnings and revenue estimates. However, this has held little sway over the equity as it has fallen over the last year. During that time, investors sold off bank stocks in general, as economic worries became more significant. * 6 Cheap Stocks That Cost Less Than $10 This worry has taken Morgan Stanley stock to a PE ratio of just over 10. The stock fell to that valuation despite projections of double-digit earnings growth and an increased payout. With the low PE ratio and the potential earnings growth, MS's downside appears limited. Add in the rising dividend, and it becomes hard to call MS stock anything but a buy.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 Buy Morgan Stanley Stock on Valuation, Not External Factors appeared first on InvestorPlace.

  • Is the USAA Money Market Fund Worth It? (USAXX)
    Investopedia5 days ago

    Is the USAA Money Market Fund Worth It? (USAXX)

    Learn about the USAA Money Market Fund and understand why it offers safety for short-term investors but leaves much to be desired where yield is concerned.