BAC - Bank of America Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
29.90
+0.60 (+2.05%)
As of 1:43PM EDT. Market open.
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Previous Close29.46
Open29.44
Bid29.90 x 1800
Ask29.91 x 36200
Day's Range29.26 - 29.96
52 Week Range22.66 - 32.45
Volume33,711,492
Avg. Volume67,174,553
Market Cap288.205B
Beta (3Y Monthly)1.49
PE Ratio (TTM)11.46
EPS (TTM)2.61
Earnings DateApr 16, 2019
Forward Dividend & Yield0.60 (2.05%)
Ex-Dividend Date2019-02-28
1y Target Est33.33
Trade prices are not sourced from all markets
  • Buy big bank stocks, sector analyst says
    CNBC Videos4 days ago

    Buy big bank stocks, sector analyst says

    Mike Mayo, senior banking analyst and managing director at Wells Fargo, joins "Squawk Box" to discuss the state of the banking sector and what stocks he's currently watching.

  • 5 Warren Buffett Stocks He's Likely In for the Long Term
    Kiplinger46 minutes ago

    5 Warren Buffett Stocks He's Likely In for the Long Term

    Warren Buffett has a clear investing mantra: He likes value, and he likes holding on for the long term. The tactic has worked out well. Since Buffett took the reins of Berkshire Hathaway (BRK.B) in 1964, through the end of 2018, his stock has delivered an annual return of 20.5% that more than doubled the Standard & Poor's 500-stock index.Indeed, as the Oracle of Omaha famously told investors, his favorite investing period is "forever." This message reappeared in the hedge fund guru's most recent annual letter. In describing the fund's current portfolio of stocks, Buffett wrote, "In all likelihood, we will hold most of these stocks for a long time."The 88-year old continued, "My expectation of more stock purchases is not a market call. Charlie and I have no idea as to how stocks will behave next week or next year. Predictions of that sort have never been a part of our activities. Our thinking, rather, is focused on calculating whether a portion of an attractive business is worth more than its market price."That said, times change, and so do investing theses. Buffett has exited positions before, and will continue doing so when it makes sense - sometimes very quickly. For instance, Berkshire recently announced that it had exited its position in Oracle (ORCL) during the fourth quarter - a position it had initiated just one quarter earlier! That's an exception to the norm, but the point is some Buffett stocks are destined to be around longer than others.With this in mind, we delved into Berkshire's portfolio and found five Warren Buffett stocks that seem likely to stick around for the long term. SEE ALSO: The 25 Best Blue-Chip Stocks to Buy Now (According to Hedge Funds)

  • Deutsche Bank to Set Up Asset Reconstruction Unit in India
    Zacks5 hours ago

    Deutsche Bank to Set Up Asset Reconstruction Unit in India

    Deutsche Bank (DB) decides to set up its ARC in India as it seeks to make profits by buying and reorganizing non-performing credit.

  • Boeing Gains on Reports of Early Software Fix for 737 MAX
    Market Realist6 hours ago

    Boeing Gains on Reports of Early Software Fix for 737 MAX

    Boeing Gains on Reports of Early Software Fix for 737 MAXSooner-than-expected software fix Boeing stock (BA) gained 1.5% last Friday following a report that the airplane manufacturer could come up with a software fix for its 737 MAX jets sooner than

  • Fifth Third (FITB) Undertakes Job Cut in Cincinnati Region
    Zacks6 hours ago

    Fifth Third (FITB) Undertakes Job Cut in Cincinnati Region

    Fifth Third (FITB) plans to retrench 30 employees at a Greater Cincinnati office, following the acquisition of MB Financial.

  • PayPal Ups Its Competition with Expanded Card Variety
    Market Realist6 hours ago

    PayPal Ups Its Competition with Expanded Card Variety

    Payment Providers Seeking Fat Paychecks: PYPL, SQ, and FISV(Continued from Prior Part)Venmo rainbow-color variant added It’s been a tit-for-tat scenario for PayPal (PYPL) and Square (SQ) in the mobile peer-to-peer payment market. In an apparent

  • Deutsche Bank Is Setting Up a Bad-Loan Buying Unit in India
    Bloomberg20 hours ago

    Deutsche Bank Is Setting Up a Bad-Loan Buying Unit in India

    The German bank felt the need to have its own asset reconstruction company to buy and reorganize non-performing credit as current Indian rules restrict overseas investors from buying soured loans directly from lenders in the country, the people said, asking not be identified as the information isn’t public. Bank of America Corp. is also considering setting up a similar unit, other people familiar with the matter said. More than 29 ARCs have been set up in India after parliament passed a law in 2002 to help banks clear their balance sheets by selling bad loans.

  • Here are the top risks on Goldman Sachs CEO David Solomon's radar
    Yahoo Finance3 days ago

    Here are the top risks on Goldman Sachs CEO David Solomon's radar

    Goldman Sachs CEO David Solomon is closely monitoring cyber threats, market structure, and government debt.

  • TheStreet.com3 days ago

    Hong Kong Stock Watchdog Slaps 4 Major Banks for Shoddy Work

    Hong Kong's securities watchdog has punished four of the world's largest investment banks for not doing their jobs properly when arranging stock offerings in the city. for their roles as sponsors underwriting new listings on the Hong Kong Stock Exchange. Specifically, it outlined a litany of faults concerning a lack of fact checking and due diligence in preparing the stock offerings of the logging company China Forestry Holdings in 2009 and chemicals manufacturer Tianhe Chemicals Group in 2014.

  • The Zacks Analyst Blog Highlights: Civista, Bank of America, Fifth Third Bancorp and Chemung Financial
    Zacks3 days ago

    The Zacks Analyst Blog Highlights: Civista, Bank of America, Fifth Third Bancorp and Chemung Financial

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  • 5 Chipmaker Stocks to Buy as Industry Prepares for Rebound
    Zacks3 days ago

    5 Chipmaker Stocks to Buy as Industry Prepares for Rebound

    Probable macroeconomic developments in the near future and certain corporate decisions could pull chip stocks higher.

  • Bank Stock Roundup: U.S-China Trade Talks Progress, Citi & JPMorgan in Focus
    Zacks3 days ago

    Bank Stock Roundup: U.S-China Trade Talks Progress, Citi & JPMorgan in Focus

    The U.S. economy is showing no signs of recession anytime soon. Also, business expansion efforts by banks cheer investors.

  • BofA bets it can catch Philly rivals, fend off Chase
    American City Business Journals3 days ago

    BofA bets it can catch Philly rivals, fend off Chase

    About 15 years after entering the market with 4 percent deposit market share, it now has 9 percent. But it still trails four other big banks and now has another angling to shrink its piece of the pie.

  • Reuters4 days ago

    Hong Kong suspends UBS sponsor licence, fines it and others $100 million for IPO failures

    Hong Kong's securities regulator banned UBS from leading initial public offerings (IPOs) in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures on a series of IPOs. The Securities and Futures Commission (SFC) on Thursday fined Swiss giant UBS HK$375 million (£36.27 million). It fined Morgan Stanley HK$224 million, Merrill Lynch HK$128 million and Standard Chartered (StanChart) HK$59.7 million, all for failures when sponsoring, or leading, IPOs.

  • Reuters4 days ago

    Nine banks win dismissal of Canadian rate-rigging lawsuit in U.S.

    A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits ...

  • Reuters4 days ago

    HK suspends UBS sponsor licence, fines it and others $100 mln for IPO failures

    Hong Kong's securities regulator banned UBS from leading initial public offerings in the city for a year, while fining it and rivals including Morgan Stanley a combined $100 million for due diligence failures ...

  • 5 Top Stock Trades for Friday: CLDR, Snap and the Banks
    InvestorPlace4 days ago

    5 Top Stock Trades for Friday: CLDR, Snap and the Banks

    Thursday started off as a boring, choppy session and it ended that way too. In all honesty, it was probably the best thing bulls could have asked for. Extending much higher could cause stocks to become overbought in the short term. So they need to digest through price or through time and, with today's action anyway, it's choosing the latter. That doesn't mean there weren't big movers though. Let's look at some top stock trades. Top Stock Trades for Tomorrow 1: ClouderaDisappointing earnings results from Cloudera (NYSE:CLDR) sent the stock spiraling, down almost 18% on the day. The move thrust CLDR below all of its major moving averages and through all notable levels of support.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy With High ESG Momentum Shares are now in no man's land in my eyes, and we'll need to see how the next few days shape up before touching this one. Should the selling persist or CLDR find itself in a downtrend, $10.50-ish could be the eventual target on the downside. Unfortunately, there are way too many cloud stocks that are doing well to want to be in this one. Top Stock Trades for Tomorrow 2: SnapAn upgrade to buy from BTIG sent shares of Snap (NYSE:SNAP) higher by 11% on Thursday. Save for a few long trades, I've never been a big fan of Snap stock. But over $10.50 and this name is looking much healthier. Below $10.50 and bulls should limit their risk with this one, but over this mark and more upside seems possible. Particularly with a near-14% short interest in this name, a squeeze could propel Snap stock higher. As far as upside targets go, I'd watch for $12 and $12.80, respectively. Top Stock Trades for Tomorrow 3: Bank of AmericaThe other day, I posted several bank stock charts to my Twitter account and with the sector acting well, I'd like to cover them in more depth here. This has been a choppy market, full of sector rotation. If banks gather some momentum, it could trigger a number of breakouts in the group. Starting with Bank of America (NYSE:BAC), shares have been bouncing between $28 support and $29.50 resistance. Now above all of its major moving averages, not yet overbought and with an MACD swinging in bulls' favor, a rally could be in store. BAC needs to push over $29.50 with authority and if it can, a rally into the low-$30s is possible. Keep in mind though, this has been a tricky market with slow moves and tricky fake outs. Top Stock Trades for Tomorrow 4: Goldman SachsGoldman Sachs (NYSE:GS) has a similar setup, chopping between $190 and $200 since mid-January. If we can get a a close over $200, it could accelerate a rally up to the 200-day at $210. Below $190 is trouble. Keep it simple. Top Stock Trades for Tomorrow 5: JPMorganJPMorgan (NYSE:JPM) doesn't have the same setup as BAC or GS, but nonetheless is deserving of some attention. Trending higher and over downtrend resistance (blue line), this name is struggling to breach $106. More so, the 200-day is just overhead at $106.93. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% If we can get a breakout over this area that sticks, a rally to $112 doesn't seem too aggressive. This has been a notable level over the past 12 months. On the downside, a close below uptrend support and/or the 50-day moving average would be a concern. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields Compare Brokers The post 5 Top Stock Trades for Friday: CLDR, Snap and the Banks appeared first on InvestorPlace.

  • Apple (AAPL) Stock Up 8% Over the Last Week: Time to Buy?
    Zacks4 days ago

    Apple (AAPL) Stock Up 8% Over the Last Week: Time to Buy?

    Apple (AAPL) shares jumped over 1.1% Thursday on the back of a continued wave of positive news, including a Bank of America (BAC) upgrade, bullish Cowen coverage, services strength, and much more. This begs the question: is now the time to buy Apple stock?

  • The bosses of the six largest US banks made $150 million last year
    Quartz4 days ago

    The bosses of the six largest US banks made $150 million last year

    The CEO of Wells Fargo's 5% pay hike is raising a few eyebrows.

  • JPMorgan (JPM) to Open 90 Branches in 2019, Hire New Staff
    Zacks4 days ago

    JPMorgan (JPM) to Open 90 Branches in 2019, Hire New Staff

    JPMorgan's (JPM) plan to expand by opening retail branches in new areas will support its top line over the long run.

  • Don't Write Off Banks, Play These 4 Low P/E Stocks in 2019
    Zacks4 days ago

    Don't Write Off Banks, Play These 4 Low P/E Stocks in 2019

    Warren Buffett's bullishness, opportunities for value investors and Trump's deregulatory measures are expected to boost Americ's banking industry in 2019.

  • Wells Fargo Awards CEO With Pay Hike, Gives Performance Bonus
    Zacks4 days ago

    Wells Fargo Awards CEO With Pay Hike, Gives Performance Bonus

    Wells Fargo's (WFC) decision to raise CEO's pay by 5% reflects its improving financial position.

  • Why is BancorpSouth (BXS) Stock a Potential Pick Right Now?
    Zacks4 days ago

    Why is BancorpSouth (BXS) Stock a Potential Pick Right Now?

    BancorpSouth (BXS) can be a solid bet now, on the back of its organic and inorganic growth strategies, which have placed it well for the future. Moreover, the bank's focus on capital deployment is encouraging.

  • Financial Times4 days ago

    [$$] Hong Kong watchdog fines global banks $100m over China IPOs

    Hong Kong’s securities regulator has imposed its largest ever fine on a number of international investment banks for failing in their roles as sponsors for Chinese initial public offerings. The Securities and Futures Commission penalised UBS, Morgan Stanley, Bank of America Merrill Lynch and Standard Chartered a total of about HK$786.7m ($100m). It also suspended for one year the Hong Kong licence of UBS Securities to advise on corporate finance, following an 18-month sponsorship ban it proposed last year.