Bank Of America Stock Today
| BAC Stock | USD 41.95 1.98 4.95% |
Performance0 of 100
| Odds Of DistressLess than 6
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Bank of America is trading at 41.95 as of the 11th of October 2024, a 4.95% increase since the beginning of the trading day. The stock's open price was 39.97. Bank of America has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Note, on September 6, 2024, Representative John James of US Congress acquired under $15k worth of Bank of America's common stock.
Business Domain Banks | IPO Date 13th of January 1978 | Category Financial Services | Classification Financials |
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. The company was founded in 1784 and is based in Charlotte, North Carolina. The company has 7.76 B outstanding shares of which 67.38 M shares are currently shorted by investors with about 1.68 days to cover. More on Bank of America
Moving together with Bank Stock
| 0.87 | C | Citigroup Earnings Call This Week | PairCorr |
Bank Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Vice Chairman of the Board | Paul Donofrio | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Ideas | Showing 3 out of 6 themes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Bank of America Corporation, Bank of America Corp] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Diversified Banks, Banks - Diversified, Financial Services, NYSE Composite, SP 500 Index, SP 100 Index, SP 100, KBW Bank, NYSE 100 Index, ARCA Institutional, BETTERINVESTING 100 INDEX, BTRINVSTNG 100 INDEX, Momentum, Investor Favorites, Warren Buffett Holdings, FinTech, Baby Boomer Prospects, Hedge Favorites, Financials, Banks, Banks—Diversified, Financial Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsBank of America can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Bank of America's financial leverage. It provides some insight into what part of Bank of America's total assets is financed by creditors.
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Bank of America (BAC) is traded on New York Stock Exchange in USA. It is located in Bank of America Corporate Center, Charlotte, NC, United States, 28255 and employs 212,000 people. Bank of America is listed under Diversified Banks category by Fama And French industry classification. The company currently falls under 'Mega-Cap' category with a total capitalization of 310.15 B. Bank of America runs under Banks sector within Financials industry. The entity has 7.76 B outstanding shares of which 67.38 M shares are currently shorted by investors with about 1.68 days to cover.
Bank of America has about 733.43 B in cash with 44.98 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 91.42, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Bank of America Probability Of Bankruptcy
Ownership AllocationBank of America holds a total of 7.76 Billion outstanding shares. Over half of Bank of America's outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that acquire positions in a given instrument to benefit from reduced trade commissions. Please note that on September 6, 2024, Representative John James of US Congress acquired under $15k worth of Bank of America's common stock.
Check Bank Ownership Details
Bank Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Capital World Investors | 2024-06-30 | 68.9 M | |
| Northern Trust Corp | 2024-06-30 | 60.8 M | |
| Dodge & Cox | 2024-06-30 | 60.6 M | |
| Legal & General Group Plc | 2024-06-30 | 57.5 M | |
| Ameriprise Financial Inc | 2024-06-30 | 53.8 M | |
| Bank Of New York Mellon Corp | 2024-06-30 | 50.5 M | |
| Amvescap Plc. | 2024-06-30 | 45.7 M | |
| Fisher Asset Management, Llc | 2024-06-30 | 43.5 M | |
| Charles Schwab Investment Management Inc | 2024-06-30 | 42.8 M | |
| Berkshire Hathaway Inc | 2024-06-30 | 1 B | |
| Vanguard Group Inc | 2024-06-30 | 641.6 M |
Bank of America Historical Income Statement
Bank Stock Against Markets
Bank of America Corporate Directors
| Frank Bramble | Independent Director | Profile | |
| Susan Bies | Independent Director | Profile | |
| Thomas Woods | Independent Director | Profile | |
| Sharon Allen | Independent Director | Profile |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank of America. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation. For information on how to trade Bank Stock refer to our How to Trade Bank Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Is Diversified Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Bank of America. If investors know Bank will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Bank of America listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.06) | Dividend Share 0.96 | Earnings Share 2.85 | Revenue Per Share 11.891 | Quarterly Revenue Growth (0.01) |
The market value of Bank of America is measured differently than its book value, which is the value of Bank that is recorded on the company's balance sheet. Investors also form their own opinion of Bank of America's value that differs from its market value or its book value, called intrinsic value, which is Bank of America's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Bank of America's market value can be influenced by many factors that don't directly affect Bank of America's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Bank of America's value and its price as these two are different measures arrived at by different means. Investors typically determine if Bank of America is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank of America's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.