Bank of America Corp BAC

$53.75 +0.02 (0.04%)

Valuation

Market cap
375,860,288,000
Revenue TTM
$191,567,000,000
Net income TTM
$30,509,000,000
PE ratio
12.32
Forward PE
11.53
Profit margin
15.93%
Debt to equity
1.13

Trading

Volume
35,089,400
Avg volume
32,956,898
Day's range
$53.31 – $54.00
Shares out
6,992,749,000
Stochastic %K
16%
Beta
1.21
Analysts
Strong Sell
Price target
$66.04

Price

Company profile

Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional...

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Bank of America Corporation, through its subsidiaries, provides various financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through 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, checking accounts, and investment accounts and products; credit and debit cards; residential mortgages and home equity loans; and direct and indirect 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, and underwriting and advisory 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.

Industry
Banks - Diversified
Sector
Financial Services
Phone
(704) 386-5681
Website
https://www.bankofamerica.com
Address
Bank of America Corporate Center, 100 North Tryon Street, Charlotte, United States

Latest news

Stocktwits

KryptonResearch14 Oct 4, 10:00 PM
$BAC Bank of America reports Q3 before the open Wednesday, October 14. Consensus is clustered around 1.12 to 1.18 a share (TipRanks, MarketBeat, Barchart), up from 1.06 a year ago, on roughly 30.8 billion in revenue. The setup is the story. The bank has beaten four straight quarters, by about 13, 2, 11 and 7 percent. The tape still sits roughly 16 percent below the Street's average target near 64, closing Friday at 53.78. The Street is hedging into the print anyway: JPMorgan cut its target to 62 from 68 last week, Overweight kept; Truist trimmed to 62 from 65, Buy kept. JPMorgan opens bank season two days earlier. BofA is the consumer and deposit read against JPM's markets bar. Watching whether the beat streak closes the gap.
0 replies
masonjoel99 Oct 4, 9:46 PM
$BAC yes of course. Last week saw interest rates on treasuries drop and value of holdings goes back up. Back in 1980 interest rates rose to huge numbers 24% was were it landed and banks did not go out of business. Only developers with floating rate loans…and buyers of homes backed out of home purchases…I had built 22 homes in Boca Raton by the water. Sold one. All others backed out…bank survived. And worked out the settlement with me over three years…we sold homes, paid off loan and owed a sum to bank and investors. Bad experience but good lesson …
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masonjoel99 Oct 4, 9:40 PM
$BAC A good long term holding. They will continue to purchase new higher rate treasuries and as rates go down like last week the value of portfolio will improve and stock price will go back up.
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masonjoel99 Oct 4, 9:33 PM
$BAC bac is a good investment at this price. The reason it is down over last few weeks is value of treasury bonds in portfolio has declined as interest rates go up. When that happens valuemof bonds in portfolio go down. As interest rates on treasuries go down, as last week, the value of holdings in treasuries goes back up. Treasuries are paying good interest now so if bank continues to purchase current rated treasuries the income goes up. Confusing yes but that is the story. Big investment firms only invest in 7 year treasuries to protect in those movements. Bank America pays a good dividend and will continue to do so. Be comfortable holding bac.
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masonjoel99 Oct 4, 12:57 PM
$BAC interest rates starting to move down smartlkey.
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REDWIR Oct 4, 1:15 AM 0 replies
REDWIR Oct 4, 1:14 AM 0 replies
AstroApes Oct 4, 1:04 AM 0 replies