Bank of America Corp

This behemoth is the second-largest publicly traded bank by market capitalization and one of the few systematically important banks. Its diversified portfolio of innovative financial products and services has made BoA an esteemed name in the American banking industry. BAC reported close to $3 trillion in assets in 2022.

$46.66
(as of Dec 3, 11:39 AM EST)

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Ticker Information for Bank of America Corp

Stock Price
$46.67
Ticker Symbol
BAC
Exchange
NYSE

Industry Information for Bank of America Corp

Sector
Financial Services
Industry
Banks - Diversified

Company Description for Bank of America Corp

Country
USA
Full Time Employees
213,000

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.

Fundamentals for Bank of America Corp

Market Capitalization
$360,932,278,272
EBITDA
Dividends per Share
$0.98
P/E Ratio
17.04
Forward P/E Ratio
12.95
Earnings per Share
$2.76
Earnings per Share Estimate Next Year
$3.61
Profit Margin
24.95%
Shares Outstanding
7,672,880,128
Percent Owned by Insiders
10.08%
Percent Owned by Institutions
63.30%
52-Week High
$48.08
52-Week Low
$29.85

Technical Indicators for Bank of America Corp

50-Day Moving Average
$42.86
200-Day Moving Average
$39.54
RSI
64.22
0.82

Analyst Ratings for Bank of America Corp

Strong Buy
8
Buy
8
Hold
5
Sell
1
Strong Sell
0

News About Bank of America Corp

Nov 30, 2024, 5:00 AM EST
WASHINGTON— Donald Trump’s campaign-trail vow to end President Biden’s signature climate law is running into a cold reality: Too many Republican lawmakers want to keep it. See more.
Nov 29, 2024, 9:00 PM EST
Among Berkshire Hathaway’s largest holdings is a financial information-services company. See more.
Nov 27, 2024, 3:04 PM EST
Super Micro Computer has ended loan agreements with two banks as recent amendments to those pacts made them more burdensome. See more.
Nov 27, 2024, 9:51 AM EST
European equities, credit and the euro are expected to perform worse than their U.S. counterparts as the eurozone’s economy deteriorates while the U.S. economy advances, analysts say. See more.
Nov 13, 2024, 2:52 PM EST
A former Bank of America broker has pleaded guilty to laundering bribes that went to his father, a former Ecuadorean antibribery official, in connection with a scheme involving Brazilian conglomerate Odebrecht. See more.