Bank of America Corp. (BAC): Price and Financial Metrics
BAC Price/Volume Stats
| Current price | $27.60 | 52-week high | $38.60 |
| Prev. close | $27.64 | 52-week low | $26.32 |
| Day low | $27.35 | Volume | 32,693,350 |
| Day high | $27.62 | Avg. volume | 48,769,652 |
| 50-day MA | $29.87 | Dividend yield | 3.42% |
| 200-day MA | $30.61 | Market Cap | 219.32B |
BAC Stock Price Chart Interactive Chart >
BAC POWR Grades
- BAC scores best on the Momentum dimension, with a Momentum rank ahead of 89.64% of US stocks.
- BAC's strongest trending metric is Sentiment; it's been moving up over the last 179 days.
- BAC ranks lowest in Sentiment; there it ranks in the 33rd percentile.
BAC Stock Summary
- With a market capitalization of $228,537,651,760, BANK OF AMERICA CORP has a greater market value than 99.28% of US stocks.
- BANK OF AMERICA CORP's stock had its IPO on May 29, 1986, making it an older stock than 92.99% of US equities in our set.
- Equity multiplier, or assets relative to shareholders' equity, comes in at 11.25 for BANK OF AMERICA CORP; that's greater than it is for 91.75% of US stocks.
- If you're looking for stocks that are quantitatively similar to BANK OF AMERICA CORP, a group of peers worth examining would be KO, PEP, COST, MCD, and CMCSA.
- Visit BAC's SEC page to see the company's official filings. To visit the company's web site, go to www.bankofamerica.com.
BAC Valuation Summary
- BAC's price/earnings ratio is 8.1; this is 14.74% lower than that of the median Financial Services stock.
- Over the past 243 months, BAC's price/earnings ratio has gone down 3.7.
Below are key valuation metrics over time for BAC.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| BAC | 2023-09-15 | 2.3 | 0.8 | 8.1 | 5.6 |
| BAC | 2023-09-14 | 2.3 | 0.8 | 8.2 | 5.7 |
| BAC | 2023-09-13 | 2.3 | 0.8 | 8.1 | 5.6 |
| BAC | 2023-09-12 | 2.3 | 0.8 | 8.2 | 5.6 |
| BAC | 2023-09-11 | 2.3 | 0.8 | 8.0 | 5.5 |
| BAC | 2023-09-08 | 2.2 | 0.8 | 8.0 | 5.5 |
BAC Growth Metrics
- Its 3 year net income to common stockholders growth rate is now at 9.31%.
- Its 5 year cash and equivalents growth rate is now at 44.51%.
- Its 4 year net cashflow from operations growth rate is now at 1320.86%.
The table below shows BAC's growth in key financial areas (numbers in millions of US dollars).
| Date | Revenue | Operating Cash Flow | Net Income to Common Stock |
|---|---|---|---|
| 2022-09-30 | 92,478 | 7,326 | 25,884 |
| 2022-06-30 | 90,742 | 3,967 | 26,565 |
| 2022-03-31 | 89,520 | -295 | 29,597 |
| 2021-12-31 | 89,113 | -7,193 | 30,557 |
| 2021-09-30 | 87,152 | 2,750 | 28,992 |
| 2021-06-30 | 84,722 | -39,683 | 26,172 |
BAC's Quality Factors
The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.- BAC has a Quality Grade of C, ranking ahead of 27.67% of graded US stocks.
- BAC's asset turnover comes in at 0.029 -- ranking 388th of 428 Banking stocks.
- PNC, UBFO, and GCBC are the stocks whose asset turnover ratios are most correlated with BAC.
The table below shows BAC's key quality metrics over time.
| Period | Asset Turnover | Gross Margin | ROIC |
|---|---|---|---|
| 2021-09-30 | 0.029 | 1 | 0.012 |
| 2021-06-30 | 0.029 | 1 | 0.010 |
| 2021-03-31 | 0.030 | 1 | 0.009 |
| 2020-12-31 | 0.031 | 1 | 0.008 |
| 2020-09-30 | 0.033 | 1 | 0.009 |
| 2020-06-30 | 0.035 | 1 | 0.010 |
BAC Price Target
For more insight on analysts targets of BAC, see our BAC price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $44.09 | Average Broker Recommendation | 1.69 (Moderate Buy) |
Bank of America Corp. (BAC) Company Bio
Bank of America is a financial institution founded in 1784. Bank of America is considered to be one of the ‘big four’ U.S. banks, along with JPMorgan Chase & Co., Wells Fargo & Company, and Citigroup, Inc. Bank of America serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company has operations across the United States, its territories and approximately 35 countries worldwide.
Latest BAC News From Around the Web
Below are the latest news stories about BANK OF AMERICA CORP that investors may wish to consider to help them evaluate BAC as an investment opportunity.
Bank of America Isn't the Dividend Bargain You ThinkBank of America isn't a bad bank, but there are other options with more attractive dividend yields and histories. |
Most Active Equity Options For Midday - Friday, Sep. 22Here are the most active equity options for midday. |
3 Stocks Delivering $2.8 Billion in Dividends to Warren Buffett Each YearJust three Warren Buffett dividend stocks account for nearly half of all the dividend payments Berkshire Hathaway will receive in 2023. |
Bank of America shares extend losses for the sixth consecutive dayFollowing a challenging trading session on Friday, Bank of America Corp (NYSE:BAC).'s share price continued its downward trend, marking the sixth consecutive day of losses. The banking giant's shares decreased by 1.46%, closing at $27.64. |
Bank of America boosts minimum wage to $23, but when will U.S.?Bank of America (BAC) has announced its plans to raise the company's minimum hourly wage to $23 in October. The objective is to achieve a minimum employee wage of $25 by the year 2025. Currently, the federal minimum wage stands at just $7.25, though Senators have proposed a bill that would gradually raise the minimum wage to $11 over the next four years. Yahoo Finance's Rachelle Akuffo speaks with Public Policy Professor Betsey Stevenson of the University of Michigan's Ford School to discuss the big difference between federal and corporate minimum wages, and how factors like inflation could impact wages. "While legally you can get away with paying somebody $7.25 an hour," Stevenson says, "you're gonna have a very hard time finding very many people who are gonna wanna do work for you at ... |
BAC Price Returns
| 1-mo | -2.35% |
| 3-mo | -1.45% |
| 6-mo | -2.16% |
| 1-year | -10.50% |
| 3-year | 26.14% |
| 5-year | 3.21% |
| YTD | -14.75% |
| 2022 | -23.82% |
| 2021 | 49.61% |
| 2020 | -11.63% |
| 2019 | 46.19% |
| 2018 | -15.00% |
BAC Dividends
| Ex-Dividend Date | Type | Payout Amount | Change | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Loading, please wait... | |||||||||
Continue Researching BAC
Want to see what other sources are saying about Bank Of America Corp's financials and stock price? Try the links below:Bank Of America Corp (BAC) Stock Price | Nasdaq
Bank Of America Corp (BAC) Stock Quote, History and News - Yahoo Finance
Bank Of America Corp (BAC) Stock Price and Basic Information | MarketWatch
Loading social stream, please wait...