BAC - Bank of America Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
29.16
+0.05 (+0.15%)
As of 3:49PM EST. Market open.
Stock chart is not supported by your current browser
Previous Close29.11
Open28.93
Bid29.200 x 36900
Ask29.210 x 900
Day's Range28.75 - 29.26
52 Week Range22.66 - 33.05
Volume36,142,536
Avg. Volume73,809,054
Market Cap281.908B
Beta (3Y Monthly)1.56
PE Ratio (TTM)11.17
EPS (TTM)2.610
Earnings DateApr 16, 2019
Forward Dividend & Yield0.60 (2.11%)
Ex-Dividend Date2019-02-28
1y Target Est33.09
Trade prices are not sourced from all markets
  • Reuters40 minutes ago

    Aviva, NatWest to join 'Brexodus' of business to EU

    England's High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around £9 billion in assets to a new Irish company just before the starting gun is fired on Brexit. The move, timed for 2259 GMT on March 29, is part of a wider withdrawal of business and money by financial companies seeking to keep contracts and policies within the European Union even after Britain departs. Brexit formally takes effect at 2300 GMT on March 29.

  • CNBC5 hours ago

    GM, Bank of America and Johnson & Johnson earn top scores in new study of corporate gender equality

    You can't fix what you don't measure — so the saying goes — and a new study by Equileap crunches the numbers on gender equality at America's biggest companies . General Motors GM , Bank of America BAC and Johnson & Johnson JNJ were awarded top marks across 19 criteria, including gender balance in the workforce (senior management and the board), as well as pay equity, parental leave and non-discriminatory hiring practices. For investors and consumers looking for companies working to close the gender gap, the new ranking provides some guidance, Equileap CEO and co-founder Diana van Maasdijk tells CNBC Make It .

  • Invest Like Warren Buffet With These Bank ETFs
    Zacks5 hours ago

    Invest Like Warren Buffet With These Bank ETFs

    Investors seeking to emulate Buffett's investing style should look at bank ETFs.

  • Investing.com6 hours ago

    Palladium King Again With New Record High Over Gold

    By Barani Krishnan

  • Is Warren Buffett Expecting a Market Crash?
    Market Realist8 hours ago

    Is Warren Buffett Expecting a Market Crash?

    Is Warren Buffett Expecting a Market Crash?Warren BuffettLast week, Berkshire Hathaway (BRK-B) released its fourth-quarter 13F. Markets were eagerly awaiting the filing to get a sense of how Berkshire chair Warren Buffett deployed its $100 billion

  • Reuters13 hours ago

    Dubai-based Mashreqbank starts marketing dollar bonds -document

    Dubai-based Mashreqbank has started marketing dollar-denominated bonds with an initial price guidance of about 200 basis points over mid-swaps, a document issued by one of the banks leading the deal showed. ...

  • Citigroup (C) Raises CEO Corbat's 2018 Compensation by 4.35%
    Zacksyesterday

    Citigroup (C) Raises CEO Corbat's 2018 Compensation by 4.35%

    Citigroup's (C) chief executive officer (CEO) - Michael Corbat - receives about 4.35% pay hike in total compensation package to $24 million for 2018.

  • ETF Trends4 days ago

    Bank ETFs Climb on Buffett’s Berkshire Bet on Financials

    Bank stocks and sector-related exchange traded funds were leading the markets higher after recent filings revealed Warren Buffett's Berkshire Hathaway Inc. jumped in on the falling bank stocks to increase his bets on financials, hinting at the possibility of further merger and acquisition activity in the space. Among the top performing non-leveraged ETFs on Friday, the Invesco KBW Bank ETF (KBWB) increased 2.3%, First Trust NASDAQ ABA Community Bank Index Fund (QABA) advanced 2.0% and SPDR S&P Bank ETF (KBE) gained 2.1%. Meanwhile, the broader Financial Select Sector SPDR (XLF) was 1.8% higher.

  • Buffett Goes Bigger on Banks, Pumps Brakes on Apple Stock
    InvestorPlace4 days ago

    Buffett Goes Bigger on Banks, Pumps Brakes on Apple Stock

    Berkshire Hathaway (NYSE:BRK.A) has filed its final 13f report for 2018 detailing its stock investments and, as usual, people are poring over it like Cold War Kremlinologists … the headlines, however, screamed about Buffett selling out of Apple (NASDAQ:AAPL) stock.Source: Shutterstock The report showed the portfolio losing $38 billion during the quarter, almost 21% of its value, during the worst bear market since the 2008 financial meltdown. Berkshire stock fell about 6.5% during the period.But Berkshire only sold about 1% of its Apple stock. AAPL remains the largest holding in the portfolio, and it reportedly wasn't even Buffett doing the selling. The company's "basis" in the shares, its average purchase price, is $126. Apple was due to open on February 15 at $170.40 per share.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Hot Stocks Leading the Market's Blitz Higher Buffett Likes BanksBuffett started as a stock investor, Berkshire as a sort of mutual fund representing his investments.As Berkshire grew, however, it began buying entire companies, and is now primarily an insurance firm with brands like GEICO and Homestate. Berkshire is also a major electrical utility, one of the largest solar energy investors in the U.S.To the extent it matters to Berkshire Hathaway shareholders, its stakes in other companies are its "mad money," an investment pool that's an alternative to the usual insurance industry practice of buying bonds or index funds. The 13f lists 14 fund managers, one for each insurance company.Still, journalists tell us, this is Warren Buffett, he must know something.Buffett knows the value of time. Buffett also knows finance. Buffett knows that banking and insurance are great businesses to be in. Buffett also knows how to take advantage of a huge cash position. This brought the decade's biggest win, warrants in Bank of America (NYSE:BAC).The warrants were purchased at the peak of the 2008 crisis. The warrants cost $5, each convertible into a share of common stock which opened for trade Feb. 15 at $28.39. This is nice work if you can get it. You can if you have billions of dollars in cash and don't lose your nerve. Berkshire now owns about 9.5% of the bank. Bank of America is now Berkshire's second-largest holding.The big news in this report is a renewed bet on big banks. New money went into US Bancorp (NYSE:USB), JPMorgan Chase (NYSE:JPM), PNC Financial (NYSE:PNC), and Bank of New York Mellon (NYSE:BK).The 13f shows Berkshire reducing its stake in Wells Fargo (NYSE:WFC), which has been under pressure over its various scandals and opened at $48.80. But Berkshire's cost basis in this stock is $24 per share.The big lesson of Berkshire Hathaway is to buy good companies and let time do your work. Even if they falter, you will still have a profit. Berkshire Hathaway and Tech LossesThat is also the lesson of Apple.Buffett has said in the past he doesn't like tech and doesn't understand it. Maybe we should take him at his word. Apple is less a computing play than a company built on consumer products and services.Early in 2018 Berkshire sold entirely out of IBM (NYSE:IBM), and the big tech news here may be that he's getting back in, having bought stock in Red Hat (NYSE:RHT), which IBM is now acquiring.Buffett's biggest tech mistake now may be Oracle (NASDAQ:ORCL), which Berkshire exited during the quarter at about break-even. The Bottom Line on Berkshire HathawayApple's stock price collapse after it reported earnings in October cost Buffett's portfolio almost $17 billion, the value of its stake plunging from almost $57 billion to about $39.4 billion. It still represented 21.5% of the portfolio at year-end and was its largest holding.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL and JPM. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal Compare Brokers The post Buffett Goes Bigger on Banks, Pumps Brakes on Apple Stock appeared first on InvestorPlace.

  • Citigroup Stock: Analyzing the Uptrend
    Market Realist4 days ago

    Citigroup Stock: Analyzing the Uptrend

    Citigroup Stock: Potential Upside(Continued from Prior Part)Strong financial performance Citigroup (C) impressed investors with its financial performance in 2018 due to higher net interest revenues, lower costs, and a decline in the effective tax

  • Reuters4 days ago

    Thomas Cook enlists three banks to prepare airline sale - source

    Thomas Cook has enlisted Credit Suisse, Morgan Stanley and Bank of America Merrill Lynch to explore the possible sale of its airline business, a source familiar with the discussions said. The holiday company this month said it was willing to sell its profitable airline business to fund its fightback from losses racked up in 2018. Credit Suisse, Morgan Stanley and Bank of America Merrill Lynch declined to comment.

  • Reuters4 days ago

    Thomas Cook enlists three banks to prepare airline sale -source

    Thomas Cook has enlisted Credit Suisse, Morgan Stanley and Bank of America Merrill Lynch to explore the possible sale of its airline business, a source familiar with the discussions said. The holiday company this month said it was willing to sell its profitable airline business to fund its fightback from losses racked up in 2018. Credit Suisse, Morgan Stanley and Bank of America Merrill Lynch declined to comment.

  • Citigroup’s EPS: Quarterly Growth Projections
    Market Realist4 days ago

    Citigroup’s EPS: Quarterly Growth Projections

    Citigroup Stock: Potential Upside(Continued from Prior Part)Quarterly growth projections Citigroup (C) has a strong history of beating analysts’ earnings estimates. The bank has beaten analysts’ estimates in the past eight quarters with an

  • Bank of America (BAC) Down 2.1% Since Last Earnings Report: Can It Rebound?
    Zacks4 days ago

    Bank of America (BAC) Down 2.1% Since Last Earnings Report: Can It Rebound?

    Bank of America (BAC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Fund for Charlotte fintech startups raises $2.5M, looks to bolster local ecosystem
    American City Business Journals4 days ago

    Fund for Charlotte fintech startups raises $2.5M, looks to bolster local ecosystem

    Charlotte's first capital fund for financial-technology startups is up and running. So far, Carolinas Fintech Ventures has raised $2.5 million.

  • The Real Story Behind What Warren Buffett Bought and Sold in the Fourth Quarter
    Motley Fool4 days ago

    The Real Story Behind What Warren Buffett Bought and Sold in the Fourth Quarter

    Buffett's actions tell a story, if you're willing to dig deep enough.

  • Banks That Will Pay You to Roll Over a 401(k)
    Investopedia4 days ago

    Banks That Will Pay You to Roll Over a 401(k)

    Discover four financial institutions will pay you a cash bonus or match when you roll over assets from an old 401(k) or qualified retirement plan.

  • Investing.com4 days ago

    Bank of America Rises 3%

    Investing.com - Bank of America (NYSE:BAC) rose by 3.11% to trade at $29.28 by 12:42 (17:42 GMT) on Friday on the NYSE exchange.

  • Morningstar4 days ago

    Berkshire Picks Up Red Hat and Suncor, Dumps Oracle

    The firm also increased its stake in JPMorgan Chase and other financials.

  • Berkshire Trims Apple, Sells Oracle and Buys Big Banks
    Investopedia4 days ago

    Berkshire Trims Apple, Sells Oracle and Buys Big Banks

    Berkshire Hathaway Inc. (BRK.B), the conglomerate run by billionaire investor Warren Buffett, sold some of its giant stake in Apple Inc. (AAPL), called it quits on Oracle Corp. (ORCL) and used some of its freed-up capital to top up on bank stocks in the last three months of 2018. Berkshire also boosted its stake in regional lenders, including PNC Financial Services Group Inc. (PNC) and US Bancorp (USB).

  • Charlotte's Women In Business: Stephanie Titus
    American City Business Journals4 days ago

    Charlotte's Women In Business: Stephanie Titus

    Stephanie Titus, credit manager, custom underwriting global wealth and investment management at Bank of America Corp., is a 2019 honoree in the CBJ’s Women in Business awards program.

  • Investing.com4 days ago

    Stocks - Wall Street Rises as Trade Talks Progress

    The S&P; 500 rose 19 points, or 0.71%, as of 9:30 AM ET (14:30 GMT), while the Dow gained 125 points, or 0.49%, and the tech-heavy Nasdaq Composite increased 41 points, or 0.56%.

  • Analysts Are Questioning the Latest Retail Sales Figures
    Bloomberg5 days ago

    Analysts Are Questioning the Latest Retail Sales Figures

    Commerce Department figures released Thursday show U.S. retail sales fell 1.2 percent in December from the previous month, the most since 2009, rather than the slight increase economists had forecast. Jim O’Sullivan of High Frequency Economics Ltd said the figures were so much weaker than expected “that the data lose credibility,” while Stephen Stanley of Amherst Pierpont Securities LLC said the report “seems seriously out of whack” given mostly upbeat comments from retailers about the Christmas season.

  • Orlando real estate opportunities may ‘shake out’ of BB&T-SunTrust deal
    American City Business Journals5 days ago

    Orlando real estate opportunities may ‘shake out’ of BB&T-SunTrust deal

    Two of Central Florida’s largest banks that occupy prominent downtown Orlando offices and have dozens of branches across the Orlando area may put some of that real estate up for lease or sale in the coming months. Winston-Salem, N.C.-based BB&T Corp. (NYSE: BBT) will buy Atlanta-based SunTrust Banks Inc. (NYSE: STI) in this year’s fourth quarter for roughly $28 billion, creating a plethora of local real estate opportunities as the banks begin to consolidate operations.

  • BofA a newcomer on Fortune's '100 Best Companies to Work For' list in 2019
    American City Business Journals5 days ago

    BofA a newcomer on Fortune's '100 Best Companies to Work For' list in 2019

    Just one Charlotte-based company has ranked among Fortune's "100 Best Companies to Work For" — and it's a newcomer to the list.