Should I buy or sell Bank of America stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 1 sell rating, 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BAC shares. View BAC analyst ratings or view top-rated stocks .

What is Bank of America's stock price target for 2024?

17 Wall Street analysts have issued 12-month target prices for Bank of America's shares. Their BAC share price targets range from $27.50 to $51.00. On average, they predict the company's share price to reach $35.58 in the next year. This suggests a possible upside of 5.7% from the stock's current price. View analysts price targets for BAC or view top-rated stocks among Wall Street analysts .

How have BAC shares performed in 2023?

Bank of America's stock was trading at $33.12 on January 1st, 2023. Since then, BAC shares have increased by 1.7% and is now trading at $33.67. View the best growth stocks for 2023 here .

Are investors shorting Bank of America?

Bank of America saw a increase in short interest in December. As of December 15th, there was short interest totaling 75,750,000 shares, an increase of 8.9% from the November 30th total of 69,580,000 shares. Based on an average trading volume of 47,520,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.0% of the company's stock are sold short. View Bank of America's Short Interest .

When is Bank of America's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, January 12th 2024. View our BAC earnings forecast .

How can I listen to Bank of America's earnings call?

Bank of America will be holding an earnings conference call on Friday, January 12th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Bank of America's earnings last quarter?

Bank of America Co. (NYSE:BAC) posted its earnings results on Tuesday, October, 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The financial services provider had revenue of $25.20 billion for the quarter, compared to analyst estimates of $25.13 billion. Bank of America had a net margin of 18.69% and a trailing twelve-month return on equity of 12.08%. Bank of America's revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Read the conference call transcript .

How often does Bank of America pay dividends? What is the dividend yield for Bank of America?

Bank of America announced a quarterly dividend on Wednesday, October 18th. Investors of record on Friday, December 1st will be paid a dividend of $0.24 per share on Friday, December 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, November 30th. Read our dividend analysis for BAC .

Is Bank of America a good dividend stock?

Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.85%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 29.72% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for BAC .

What ETFs hold Bank of America's stock?

ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO) , Invesco KBW Bank ETF (KBWB) , iShares U.S. Financial Services ETF (IYG) , Invesco S&P 500 Enhanced Value ETF (SPVU) , iShares U.S. Financials ETF (IYF) , Financial Select Sector SPDR Fund (XLF) , Fidelity MSCI Financials Index ETF (FNCL) and iMGP Berkshire Dividend Growth ETF (BDVG) .

What is Brian T. Moynihan's approval rating as Bank of America's CEO?

10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Glassdoor.com . Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Bank of America own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM) , AT&T (T) , Micron Technology (MU) , General Electric (GE) , Intel (INTC) , Citigroup (C) , Alibaba Group (BABA) , NVIDIA (NVDA) , Walt Disney (DIS) and Wells Fargo & Company (WFC) .

How do I buy shares of Bank of America?

Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does Bank of America have any subsidiaries?

The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited. Read More

NYSE:BAC

Bank of America (BAC) Stock Price, News & Analysis

$33.67

-0.21 (-0.62%)

(As of 12/29/2023 ET)

Compare

Today's Range: $33.55
▼
$34.00
50-Day Range: $25.17
▼
$33.94
52-Week Range: $24.96
▼
$37.00

Volume: 28.06 million shs
Average Volume: 41.79 million shs
Market Capitalization: $266.46 billion

P/E Ratio: 9.43
Dividend Yield: 2.85%
Price Target: $35.58

Bank of America MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.53 Rating Score
Upside/Downside: 5.7% Upside
$35.58 Price Target
Short Interest: Healthy
0.96% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.50
Upright™ Environmental Score
News Sentiment: 0.75
Based on 14 Articles This Week
Insider Trading: Selling Shares
$185,372 Sold Last Quarter
Proj. Earnings Growth: -5.28%
From $3.41 to $3.23 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Finance Sector

223rd out of 867 stocks

National Commercial Banks Industry

25th out of 85 stocks

2.3

Analyst's Opinion

Consensus Rating
Bank of America has received a consensus rating of Moderate Buy. The company's average rating score is 2.53, and is based on 10 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $35.58, Bank of America has a forecasted upside of 5.7% from its current price of $33.67.
Amount of Analyst Coverage
Bank of America has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.96% of the float of Bank of America has been sold short.
Short Interest Ratio / Days to Cover
Bank of America has a short interest ratio ("days to cover") of 1.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Bank of America has recently increased by 8.87%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Bank of America pays a meaningful dividend of 2.85%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Bank of America has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Bank of America is 26.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Bank of America will have a dividend payout ratio of 29.72% next year. This indicates that Bank of America will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Bank of America has received a 37.20% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Corporate banking services", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Bank of America is -0.50.

2.6

News and Social Media Coverage

News Sentiment
Bank of America has a news sentiment score of 0.75. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for Bank of America this week, compared to 20 articles on an average week.
Search Interest
166 people have searched for BAC on MarketBeat in the last 30 days. This is an increase of 2% compared to the previous 30 days.
MarketBeat Follows
57 people have added Bank of America to their MarketBeat watchlist in the last 30 days. This is an increase of 16% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Bank of America insiders have sold 182.47% more of their company's stock than they have bought. Specifically, they have bought $65,625.00 in company stock and sold $185,372.00 in company stock.
Percentage Held by Insiders
Only 0.27% of the stock of Bank of America is held by insiders.
Percentage Held by Institutions
68.06% of the stock of Bank of America is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Bank of America are expected to decrease by -5.28% in the coming year, from $3.41 to $3.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Bank of America is 9.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 105.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Bank of America is 9.43, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 30.86.
Price to Earnings Growth Ratio
Bank of America has a PEG Ratio of 1.41. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Bank of America has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Bank of America Stock (NYSE:BAC)

Bank of America has a rich history dating back to 1800 and even earlier. It was begun by immigrants as a group of separate and unrelated banks that, over the years, merged and grew together. One such is the Bank of Italy which was founded in 1904 by Amadeo Giannini to serve Italian immigrants that were facing discrimination. He later buys out the Banca de America e de Italia (Bank of America and Italy) which was also located in San Francisco. Over the years additional mergers and changes in Federal banking legislation, as well as the boom brought on by WWI and then WWII, helped boost the bank to national prominence.

Things turned sour, however, in 1998 with a major bond default that led to yet another merger, this time with Charlotte, NC-based Nations Bank to officially become the Bank of America that exists today. At the time, the merger was the largest bank merger in history and the company has only grown in the time since.

Other additions to the new Bank of America include MBNA (a major credit card operator), Fleet Boston (then the US 7th largest and one of its oldest banks), and Merril Lynch, now Merril, which was added to the group in 2008 to provide an investment banking branch. Together the company dominates as one of the Big Four Banks in America. Bank of America lays claim to nearly 11% of all US deposits which ranks in line with its peer group and Bank of America Securities is listed as the world’s 3rd largest investment bank.

Today, Bank of America Corporation provides banking and financial services for individuals, small businesses, institutions, corporations, and governments worldwide. The bank operates in three segments Consumer Banking, Global Wealth & Investment Management, and Global Banking bringing in a combined revenue greater than $90 billion in 2022.

As of 2022, Bank of America serves approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers. The bank also operates more than 16,000 ATMs and digital banking platforms with approximately 41 million active users.

Its Consumer Banking segment offers traditional banking and investment products for retail clients. These range from deposit accounts to savings, credit cards, consumer loans, and IRAs. The Global Wealth & Investment Management segment offers investment and wealth management solutions including, brokerage, banking, and trust and retirement products. The Global Banking segment provides lending products and services, including commercial loans and leases for businesses of all varieties. The Global Markets segment offers market-making, clearing, settlement, and custody services, as well as risk management, derivatives, and FX exchange services.

BAC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

BAC Stock News Headlines

December 29, 2023 | marketbeat.com

Do bank stocks go up when interest rates rise?

Rising interest rates usually negatively affect the stock market, but do bank stocks go up when interest rates rise? Learn more with MarketBeat.

November 30, 2023 | marketbeat.com

Are blue chip stocks a good investment? (BAC)

Are blue chip stocks a good investment? Are there other investments you should consider in addition to or before blue chips? Learn more with MarketBeat.

December 31, 2023 | Behind the Markets (Ad)

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December 29, 2023 | bizjournals.com

Billionaire sues Bank of America over sale of Washington Commanders

December 28, 2023 | americanbankingnews.com

UniCredit (OTCMKTS:UNCRY) & Bank of America (NYSE:BAC) Financial Review

December 26, 2023 | seekingalpha.com

Bank Of America: Overbought With Weak On Balance Volume Trends (Technical Analysis)

December 24, 2023 | seekingalpha.com

Bank of America: Fortunes Set To Shift As Rate Cuts Diminish Paper Losses (Rating Upgrade)

December 24, 2023 | ft.com

Bank of America’s bet on trading is paying off. Why don’t investors care?

December 31, 2023 | MarketBeat Internal (Ad)

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December 23, 2023 | seekingalpha.com

Bank of America: Don't Be Fooled Into Getting Out This Early

December 23, 2023 | seekingalpha.com

Bank of America: Lower Interest Rates Will Restore Confidence

December 23, 2023 | seekingalpha.com

BAC.PR.S Dividend Yield Grade

December 21, 2023 | finance.yahoo.com

For 2024, I'm Going 'BAC' to the Bank

December 20, 2023 | uk.finance.yahoo.com

Beacon Roofing Supply and America's Car-Mart have been highlighted as Zacks Bull and Bear of the Day

December 20, 2023 | fool.com

Meet the Stock That Just Paid Warren Buffett $184 Million in Quarterly Dividends, and Another That's About to Pay Him $248 Million

December 19, 2023 | financialpost.com

BofA Poll Shows Rate Cut Expectations Fueling Rush Into Stocks

December 18, 2023 | finance.yahoo.com

Bank of America (BAC) Stock Drops Despite Market Gains: Important Facts to Note

December 18, 2023 | fortune.com

Bank of America warned of a mild recession at the beginning of the year. Now, it says the Fed is close to ‘sticking’ a soft landing

December 18, 2023 | msn.com

Bank of America Pfd Shs Series L declares $18.125 dividend

December 17, 2023 | fool.com

57.7% of Warren Buffett's $375 Billion Portfolio Is Invested in These 2 Dividend-Paying Stocks

December 16, 2023 | seekingalpha.com

Bank Of America: Grab The 6% Yield Preferreds

December 15, 2023 | seekingalpha.com

Bank Of America: The Soaring Value Of Low-Cost Deposit Base

December 15, 2023 | finance.yahoo.com

Bank of America Declares First Quarter 2024 Preferred Stock Dividends

December 15, 2023 | finance.yahoo.com

Buy Comerica, skip Bank of America: Good Buy or Goodbye

December 15, 2023 | finance.yahoo.com

We're Taking Some Profits on Bank of America After a 35% Move

December 14, 2023 | finance.yahoo.com

The Fed took 'the lid off' market concerns, fueling stock market rally

December 14, 2023 | fool.com

Why SoFi Technologies, Bank of America, and Fifth Third Bancorp Stocks Rallied on Wednesday

See More Headlines

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Company Calendar

Last Earnings: 10/17/2023
Ex-Dividend for 12/29 Dividend: 11/30/2023
Dividend Payable: 12/29/2023
Today: 12/31/2023
Fiscal Year End: 12/31/2023
Next Earnings (Confirmed): 1/12/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: National commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:BAC
CUSIP: N/A
CIK: 70858
Web: www.bankofamerica.com
Phone: (704) 386-5681
Fax: 704-386-8009
Employees: 217,000
Year Founded: 1998

Price Target and Rating

Average Stock Price Target: $35.58
High Stock Price Target: $51.00
Low Stock Price Target: $27.50
Potential Upside/Downside: +5.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.53
Research Coverage: 17 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.57
Trailing P/E Ratio: 9.43
Forward P/E Ratio: 9.87
P/E Growth: 1.41
Net Income: $27.53 billion
Net Margins: 18.69%
Pretax Margin: 20.29%
Return on Equity: 12.08%
Return on Assets: 0.97%

Debt

Debt-to-Equity Ratio: 1.12
Current Ratio: 0.83
Quick Ratio: 0.82

Sales & Book Value

Annual Sales: $115.05 billion
Price / Sales: 2.32
Cash Flow: $3.94 per share
Price / Cash Flow: 8.55
Book Value: $30.51 per share
Price / Book: 1.10

Miscellaneous

Outstanding Shares: 7,913,730,000
Free Float: 7,892,365,000
Market Cap: $266.46 billion
Optionable: Optionable
Beta: 1.40

Social Links

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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Key Executives

Mr. Brian Thomas Moynihan (Age 64)
Chairman, CEO & President
Comp: $1.98M
Mr. Alastair M. Borthwick (Age 54)
Chief Financial Officer
Comp: $4.84M
Mr. Dean C. Athanasia (Age 56)
President of Regional Banking
Comp: $6.21M
Mr. Paul M. Donofrio (Age 63)
Vice Chairman
Comp: $6.22M
Mr. Geoffrey S. Greener (Age 58)
Chief Risk Officer
Comp: $6.21M
Mr. Thomas M. Scrivener (Age 51)
Chief Operations Executive
Mr. Christopher M. Hyzy
Chief Investment Officer
Mr. Rudolf A. Bless
Chief Accounting Officer
Mr. Matthew M. Koder (Age 51)
President of Global Corporate & Investment Banking
Comp: $9.19M
Mr. Aditya Bhasin (Age 49)
Chief Technology & Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BAC Stock Analysis - Frequently Asked Questions

Should I buy or sell Bank of America stock right now?: 17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bank of America in the last year. There are currently 1 sell rating, 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BAC shares.
View BAC analyst ratings or view top-rated stocks.
What is Bank of America's stock price target for 2024?: 17 Wall Street analysts have issued 12-month target prices for Bank of America's shares. Their BAC share price targets range from $27.50 to $51.00. On average, they predict the company's share price to reach $35.58 in the next year. This suggests a possible upside of 5.7% from the stock's current price.
View analysts price targets for BAC or view top-rated stocks among Wall Street analysts.
How have BAC shares performed in 2023?: Bank of America's stock was trading at $33.12 on January 1st, 2023. Since then, BAC shares have increased by 1.7% and is now trading at $33.67.
View the best growth stocks for 2023 here.
Are investors shorting Bank of America?: Bank of America saw a increase in short interest in December. As of December 15th, there was short interest totaling 75,750,000 shares, an increase of 8.9% from the November 30th total of 69,580,000 shares. Based on an average trading volume of 47,520,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.0% of the company's stock are sold short.
View Bank of America's Short Interest.
When is Bank of America's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, January 12th 2024.
View our BAC earnings forecast.
How can I listen to Bank of America's earnings call?: Bank of America will be holding an earnings conference call on Friday, January 12th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Bank of America's earnings last quarter?: Bank of America Co. (NYSE:BAC) posted its earnings results on Tuesday, October, 17th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.07. The financial services provider had revenue of $25.20 billion for the quarter, compared to analyst estimates of $25.13 billion. Bank of America had a net margin of 18.69% and a trailing twelve-month return on equity of 12.08%. Bank of America's revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share.
Read the conference call transcript.
How often does Bank of America pay dividends? What is the dividend yield for Bank of America?: Bank of America announced a quarterly dividend on Wednesday, October 18th. Investors of record on Friday, December 1st will be paid a dividend of $0.24 per share on Friday, December 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for BAC.

Is Bank of America a good dividend stock?: Bank of America (NYSE:BAC) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.85%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAC will have a dividend payout ratio of 29.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BAC.
What ETFs hold Bank of America's stock?: ETFs with the largest weight of Bank of America (NYSE:BAC) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO), Invesco KBW Bank ETF (KBWB), iShares U.S. Financial Services ETF (IYG), Invesco S&P 500 Enhanced Value ETF (SPVU), iShares U.S. Financials ETF (IYF), Financial Select Sector SPDR Fund (XLF), Fidelity MSCI Financials Index ETF (FNCL) and iMGP Berkshire Dividend Growth ETF (BDVG).
What is Brian T. Moynihan's approval rating as Bank of America's CEO?: 10,089 employees have rated Bank of America Chief Executive Officer Brian T. Moynihan on Glassdoor.com. Brian T. Moynihan has an approval rating of 92% among the company's employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Bank of America own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU), General Electric (GE), Intel (INTC), Citigroup (C), Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS) and Wells Fargo & Company (WFC).
How do I buy shares of Bank of America?: Shares of BAC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Bank of America have any subsidiaries?: The following companies are subsidiares of Bank of America: BA Continuum Costa Rica, BA Continuum India Private Limited, BA Continuum Singapore International Holdings Private Limited, BA Credit Card Funding, BA Electronic Data Processing (Guangzhou) Ltd., BAC Canada Finance Company, BAC North America Holding Company, BAL Investment & Advisory, BAMS Solutions, BANA Canada Funding Company Ltd., BANA Holding Corporation, Banc of America FSC Holdings, Banc of America Leasing & Capital, Banc of America Preferred Funding Corporation, Banc of America Public Capital Corp, Banc of America Securities Asia Limited, Bank of America California, Bank of America Custodial Services (Ireland) Limited, Bank of America Malaysia Berhad, Bank of America Merrill Lynch Banco Multiplo S.A., Bank of America Merrill Lynch International Designated Activity Company, Bank of America Merrill Lynch International Limited, Bank of America Mexico, Bank of America Singapore Limited, BankAmerica International Financial Corporation, Blue Ridge Investments, BofA Canada Bank, BofA Finance LLC, BofA Securities, BofAML EMEA Funding Limited, BofAML Jersey Holdings Limited, Boston Overseas Financial Corporation, CM Investment Solutions Limited, Catahoula-LaSalle Bank, Cherry Park LLC, Countrywide Financial Corporation, Countrywide Home Loans, DSP Merrill Lynch Limited, FIA Holdings S.a.r.l., Financial Data Services, First Franklin Financial Corporation, HealthLogic Systems, MBNA, ML Equity Solutions Jersey Limited, ML UK Capital Holdings Limited, Managed Account Advisors LLC, Merrill Lynch, Merrill Lynch (Asia Pacific) Limited, Merrill Lynch (Australia) Futures Limited, Merrill Lynch (Singapore) Pte. Ltd., Merrill Lynch Argentina S.A., Merrill Lynch B.V., Merrill Lynch Bank and Trust Company (Cayman) Limited, Merrill Lynch Canada Inc., Merrill Lynch Capital Markets Espana, Merrill Lynch Capital Services, Merrill Lynch Commodities, Merrill Lynch Commodities Canada, Merrill Lynch Corredores de Bolsa SpA, Merrill Lynch Credit Reinsurance Limited, Merrill Lynch Derivative Products AG, Merrill Lynch Equities (Australia) Limited, Merrill Lynch Equity S.a.r.l., Merrill Lynch Far East Limited, Merrill Lynch Financial Markets, Merrill Lynch Global Services Pte. Ltd., Merrill Lynch International, Merrill Lynch International & Co. C.V., Merrill Lynch Israel Ltd., Merrill Lynch Japan Finance GK, Merrill Lynch Japan Securities Co., Merrill Lynch Luxembourg Finance S.A., Merrill Lynch Malaysian Advisory Sdn. Bhd., Merrill Lynch Markets (Australia) Pty. Limited, Merrill Lynch Markets Singapore Pte. Ltd., Merrill Lynch Mexico, Merrill Lynch Professional Clearing Corp., Merrill Lynch Reinsurance Solutions LTD, Merrill Lynch S.A. Corretora de Titulos e Valores Mobiliarios, Merrill Lynch Securities (Taiwan) Ltd., Merrill Lynch Securities (Thailand) Limited, Merrill Lynch South Africa Proprietary Limited, Merrill Lynch Yatirim Bank A.S., Mortgages 1 Limited, Mortgages plc, NB Holdings Corporation, National Processing, OOO Merrill Lynch Securities, One Bryant Park LLC, PT Merrill Lynch Indonesia, PT Merrill Lynch Sekuritas Indonesia, Plano Partners, ReconTrust Company, U.S. Trust Company of Delaware, and Wave Lending Limited.
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This page (NYSE:BAC) was last updated on 12/31/2023 by MarketBeat.com Staff

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Bank of America (BAC) Stock Price, News & Analysis

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