Bank of America Stock Price | BAC Stock Quote, News, and History | Markets Insider (2024)



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On Tuesday 04/23/2024 the closing price of the Bank of America Corp. share was $38.32 on BTT.Compared to the opening price on Tuesday 04/23/2024 on BTT of $37.75, this is a gain of 1.49%.Bank of America Corp.'s market capitalization is $302.22 B by 7.87 B shares outstanding.

Is Bank of America stock a Buy, Sell or Hold?Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 48 buy ratings, 23 hold ratings, and 6 sell ratings.
What was the 52-week low for Bank of America stock?The low in the last 52 weeks of Bank of America stock was 24.97. According to the current price, Bank of America is 153.01% away from the 52-week low.
What was the 52-week high for Bank of America stock?The high in the last 52 weeks of Bank of America stock was 38.50. According to the current price, Bank of America is 99.23% away from the 52-week high.
What are analysts forecasts for Bank of America stock?The 77 analysts offering price forecasts for Bank of America have a median target of 40.05, with a high estimate of 55.00 and a low estimate of 27.50. The median estimate represents a 95.38 difference from the last price of 38.20.

Bank of America Stock Snapshot

38.32

Bid

2,101.00

Bid Size

38.33

Ask

2,901.00

Ask Size

4/24/2024

Date

6:37 PM

Time

1.02 M

Volume

38.32

Prev. Close

302.22 B

Market Cap

7.87 B

Number of Shares

38.01

Day Low

38.50

Day High

38.20

24.97

52 Week Low

38.50

52 Week High

38.20

1.00

Dividend

2.62

Dividend Yield

10.93

P/E Ratio

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Historical Prices for Bank of America

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DateOpenCloseDaily HighDaily Low

Price change over selected period:0%0

Bank of America Analyst Data

Total Analysts: 77

Buy Ratings: 48 Neutral Ratings: 23 Sell Ratings: 6

Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}

Price *Price Target

Lowest: 27.50 Median: 40.05 Highest: 55.00

*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.

Bank of America Analyst Opinions

  • All
  • Buy
  • Hold
  • Sell
DateAnalystRatingPrice
04/19/24Wolfe ResearchUpgraded to Buy$42gut
04/18/24BMO Capital MarketsMaintained Buy$37gut
04/17/24Oppenheimer & Co. Inc.Maintained Buy$45gut
04/08/24Jefferies & Company Inc.Maintained Hold$39neutral
04/05/24Keefe, Bruyette & Woods, Inc.Maintained Hold$37neutral
04/04/24EvercoreMaintained Buy$41gut
04/04/24UBSDowngraded to Hold$40neutral
03/28/24Wells Fargo & CoMaintained Buy$44gut
03/28/24HSBCDowngraded to Sell$39schlecht
03/20/24Citigroup Corp.Maintained Hold$39neutral
03/19/24Oppenheimer & Co. Inc.Maintained Buy$46gut
03/08/24Piper SandlerMaintained Sell$33schlecht
01/30/24Oppenheimer & Co. Inc.Maintained Buy$50gut
01/30/24Morgan StanleyUpgraded to Buy$41gut
01/16/24OdeonDowngraded to Hold$33.9000015258789neutral
01/16/24Oppenheimer & Co. Inc.Maintained Buy$49gut
01/16/24BMO Capital MarketsMaintained Buy$36gut
01/02/24Barclays CapitalMaintained Buy$43gut
12/14/23OdeonUpgraded to Buy$37.939998626709gut
12/01/23Goldman SachsMaintained Buy$33gut
11/16/23Oppenheimer & Co. Inc.Maintained Buy$51gut
11/06/23Keefe, Bruyette & Woods, Inc.Upgraded to Hold$30neutral
10/18/23Oppenheimer & Co. Inc.Maintained Buy$49gut
10/18/23BMO Capital MarketsMaintained Buy$40gut
10/03/23Morgan StanleyMaintained Hold$32neutral
09/26/23Oppenheimer & Co. Inc.Maintained Buy$48gut
09/15/23Piper SandlerMaintained Sell$27.5schlecht
09/12/23RBC Capital MarketsMaintained Buy$35gut
09/07/23HSBCMaintained Buy$35gut
08/23/23Wells Fargo & CoMaintained Buy$40gut
08/18/23Oppenheimer & Co. Inc.Maintained Buy$49gut
07/19/23Morgan StanleyMaintained Hold$34neutral
07/19/23BMO Capital MarketsMaintained Buy$40gut
07/19/23Oppenheimer & Co. Inc.Maintained Buy$52gut
07/07/23Morgan StanleyMaintained Hold$33neutral
06/30/23RBC Capital MarketsMaintained Buy$35gut
06/14/23Citigroup Corp.Maintained Hold$31neutral
05/12/23EvercoreMaintained Buy$35gut
04/19/23BMO Capital MarketsMaintained Buy$41gut
04/19/23RBC Capital MarketsMaintained Buy$35gut
04/19/23Morgan StanleyMaintained Hold$32neutral
04/19/23Oppenheimer & Co. Inc.Maintained Buy$47gut
04/19/23Keefe, Bruyette & Woods, Inc.Maintained Sell$29schlecht
04/19/23Citigroup Corp.Maintained Hold$33neutral
04/12/23Barclays CapitalMaintained Buy$39gut
04/10/23J.P. MorganMaintained Buy$34gut
04/05/23Morgan StanleyMaintained Hold$31neutral
04/03/23Wells Fargo & CoMaintained Buy$45gut
04/03/23Goldman SachsMaintained Buy$35gut
03/24/23RBC Capital MarketsMaintained Buy$34gut

Bank of America Estimates* in USD

2024202520262027
Revenue---111,062
Dividend1.001.091.291.36
Dividend Yield (in %)2.62 %2.84 %3.38 %3.57 %
EPS---4.25
P/E Ratio12.0010.949.658.99
EBIT----
EBITDA----
Net Profit---30,370
Net Profit Adjusted26,00327,47429,39130,370
Pre-Tax Profit---37,466
Net Profit (Adjusted)----
EPS (Non-GAAP) ex. SOE3.233.503.904.25
EPS (GAAP)---4.25
Gross Income----
Cash Flow from Investing----
Cash Flow from Operations----
Cash Flow from Financing----
Cash Flow per Share----
Free Cash Flow----
Free Cash Flow per Share----
Book Value per Share----
Net Debt----
Research & Development Exp.----
Capital Expenditure----
Selling, General & Admin. Exp.----
Shareholder’s Equity282,552295,840296,708-
Total Assets3,246,0393,321,1943,372,216-
Previous Quarter
ending 03/31/24
Current Quarter
ending 06/30/24
Next Quarter
ending 09/30/24
Current Year
ending 12/31/27
Next Year
Earnings Estimates
No. of Analysts1918181-
Average Estimate0.761 USD0.812 USD0.800 USD4.251 USD-
Year Ago0.940 USD0.880 USD0.900 USD--
Publish Date4/16/20247/16/202410/15/2024--
Revenue Estimates
No. of Analysts1716161-
Average Estimate25,487 USD25,290 USD25,343 USD111,062 USD-
Year Ago26,391 USD25,197 USD25,200 USD--
Publish Date4/16/20247/16/202410/15/2024--

* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet

Bank of America Insider Activity

NameDateshares tradedshares heldPricetype (sell/buy)option
MOYNIHAN BRIAN T04/14/202420,683.002,552,927.0035.95Sell No
MOYNIHAN BRIAN T04/14/202420,683.002,573,610.00n/aBuy No
MOYNIHAN BRIAN T03/14/202420,682.002,552,927.0035.41Sell No
MOYNIHAN BRIAN T03/14/202420,682.002,573,609.00n/aBuy No
Nguyen Thong M02/29/202452,391.00584,437.0034.35Sell No
Knox Kathleen A.02/29/202420,152.00287,454.0034.35Sell No
Mensah Bernard A02/29/20241,431.00170,175.0034.35Sell No
MOYNIHAN BRIAN T02/29/2024173,413.002,552,927.0034.35Sell No
Nguyen Thong M02/29/202495,290.00636,828.00n/aBuy No
Knox Kathleen A.02/29/202446,483.00307,606.00n/aBuy No
Mensah Bernard A02/29/20241,431.00171,606.00n/aBuy No
MOYNIHAN BRIAN T02/29/2024356,369.002,726,340.00n/aBuy No
Borthwick Alastair M02/20/202430,000.00326,855.00n/aSell No
Bronstein Sheri B.02/14/20245,046.00249,771.0034.07Sell No
Bronstein Sheri B.02/14/20244,059.00244,930.0034.07Sell No
Bronstein Sheri B.02/14/20244,887.00241,037.0034.07Sell No
DeMare James P02/14/202420,721.00272,570.0034.07Sell No
DeMare James P02/14/202434,874.00255,822.0034.07Sell No
DeMare James P02/14/20249,661.00227,633.0034.07Sell No
DeMare James P02/14/202419,463.00219,824.0034.07Sell No
DeMare James P02/14/202413,825.00204,092.0034.07Sell No
Boland Darrin Steve02/14/20243,053.00127,911.0034.07Sell No
Boland Darrin Steve02/14/20245,645.00124,199.0034.07Sell No
Boland Darrin Steve02/14/20243,385.00117,240.0034.07Sell No
Boland Darrin Steve02/14/20246,676.00113,021.0034.07Sell No

Bank of America Dividend Calendar

DateNameDividend*yieldCurrency
2023Bank of America Corp.0.922.73USD
2022Bank of America Corp.0.862.60USD
2021Bank of America Corp.0.781.75USD
2020Bank of America Corp.0.722.38USD
2019Bank of America Corp.0.661.87USD
2018Bank of America Corp.0.542.19USD
2017Bank of America Corp.0.391.32USD
2016Bank of America Corp.0.251.13USD
2015Bank of America Corp.0.201.19USD
2014Bank of America Corp.0.120.67USD
2013Bank of America Corp.0.040.26USD
2012Bank of America Corp.0.040.34USD
2011Bank of America Corp.0.040.72USD
2010Bank of America Corp.0.040.30USD
2009Bank of America Corp.0.040.27USD
2008Bank of America Corp.2.2415.91USD
2007Bank of America Corp.2.405.82USD
2006Bank of America Corp.2.123.97USD
2005Bank of America Corp.1.904.12USD
2004Bank of America Corp.1.703.62USD
2003Bank of America Corp.1.443.58USD
2002Bank of America Corp.1.223.51USD
2001Bank of America Corp.1.143.62USD
2000Bank of America Corp.1.034.49USD
1999Bank of America Corp.0.933.71USD

*Yield of the Respective Date

Bank of America Corp. Calendar

EventEstimateInfoDate
Earnings Report0.812 USD Q2 2024 Earnings Release07/16/2024
Earnings Report0.800 USD Q3 2024 Earnings Release10/15/2024
Earnings Report- Q4 2024 Earnings Release01/15/2025
Earnings Report- Q1 2025 Earnings Release04/22/2025
Earnings Report- Q2 2025 Earnings Release07/21/2025
Earnings Report- Q3 2025 Earnings Release10/20/2025

Bank of America Corp. Past Events

EventActual EPSInfoDate
Annual General Meeting -Annual General Meeting04/24/2024
Earnings Report 0.760 USDQ1 2024 Earnings Release04/16/2024

Bank of America Profile

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The GWIM segment offers solutions to meet clients’ needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other.

Bank of America Stock Price History by Markets Insider

Bank of America is the United States’ second-largest bank by assets. While Bank of America stock price is still nowhere near the levels it reached before the financial crisis of 2008, Bank of America stock price has still been a steady growth prospect for investors since it first took its current form in 1980. (read more)

The bank can trace its history all the way back more than 200 years to the Bank of Italy, which expanded to America in 1922. In 1980, the ticker BAC first debuted on the New York Stock Exchange.

Throughout the 1980’s, shares of Bank of America slowly chugged along, but Bank of America stock price hit an all-time-low on August 12, 1982, when they closed at $1.47. Even lower than the original IPO stock price of $1.94.

BAC stock price was relatively flat throughout the 1980s, but the thriving economic period in the 1990s would bring Bank of America and BAC stock price to the forefront of Wall Street finance.

For years, Bank of America wanted to live up to its name and become the biggest bank in the country. In 1998, it achieved that goal, when NationsBank (the only bank it was trailing) bought Bank of America but kept the name post-merger.

From 1990 to 1998, shares of Bank of America rose over six-fold, Bank of America stock price went from $4 to over $26. It is important to note that stock price data before the 1998 merger reflect historical prices of NationsBank.

As the housing market soared in the first years of the 21st century, so too did Bank of America stock price. In November 2006, Bank of America stock price would hit its all-time high of $55.08 — a record it has still yet to return to. Bank of America’s cash dividend yield during these years was also very high, making the profits even more impressive.

Shares of Bank of America once again bottomed out, though not quite a record, in February 2009, when BAC stock price again went below $4. Since then, it has slowly posted gains despite a brief hiccup in 2010 to 2012 when the bank was going through a $175+ million fraud settlement with the US government.

Bank of America CEO and President Brian Moynihan has helmed the company since the beginning of 2010 when the bank also announced it had paid off its final obligations remaining from the Wall Street bailout known as Troubled Assets Relief Program.

Bank of America is one of Warren Buffett’s top investments through Berkshire Hathaway. As of October 2017, the company owns 700 million shares of Bank of America stock, valued at over $18 billion.

Moody’s Daily Credit Risk Score

Risk

  • Low
  • Medium
  • High

6

Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’sbalance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of creditrisk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes intoaccount day-to-day movements in market value compared to a company’s liability structure.

Bank of America Shareholder

Ownerin %
Freefloat99.83
Berkshire Hathaway, Inc.13.12
The Vanguard Group, Inc.7.73
Vanguard Group, Inc. (Subfiler)7.34
State Street Corp.3.69
Vanguard Total Stock Market ETF2.67
Vanguard 500 Index Fund2.20
BlackRock Fund Advisors2.05
BlackRock Institutional Trust Co. NA1.94
Geode Capital Management LLC1.68
Fidelity Management & Research Co. LLC1.48
Norges Bank (13F)1.41
Government Pension Fund - Global (The)1.39
JPMorgan Investment Management, Inc.1.22
T Rowe Price Associates, Inc. (13F Subfiler)1.20

Shareholder percentage totals can add to more than 100% because some holders are included in the free float.

Bank of America Management

NameJob
Mark HarrisAdvisor
Christopher HernandezAssistant Vice President-Financial Solutions
Brian T. MoynihanChairman, President & Chief Executive Officer
Rudolf Anton BlessChief Accounting Officer
Steve D. BolandChief Administrative Officer
Christine P. KatziffChief Audit Executive
Alastair BorthwickChief Financial Officer
Sheri B. BronsteinChief Human Resources Officer
Geoffrey S. GreenerChief Risk Officer
Aditya BhasinChief Technology & Information Officer
Vijay RalhanCo-Head-Financial Sponsor Coverage-EMEA
Laurent DhomeCo-Head-Financial Sponsor Coverage-EMEA
Jil SchwartzExecutive Vice Chair-Global Corporate
Madhu KannanExecutive Vice Chairman-Global Corporate
Lauren A. MogensenGlobal General Counsel
Andreas LoulloupisGlobal Head-Private Capital Family Office Banking
Christine ChannelsHead-Client Services & Credit Assistance
Bruce R. ThompsonHead-Enterprise Credit
Simeon StevensHead-UK Corporate Banking
Linda Parker HudsonIndependent Director
Maria T. ZuberIndependent Director
Pierre J. P. de WeckIndependent Director
Denise L. RamosIndependent Director
José E. AlmeidaIndependent Director
Michael D. WhiteIndependent Director
Monica Cecilia LozanoIndependent Director
Thomas D. WoodsIndependent Director
Arnold W. DonaldIndependent Director
Clayton S. RoseIndependent Director
Sharon L. AllenIndependent Director
Lee McEntireInvestor Relations Contact
Lionel L. NowellLead Independent Director
Saba NazarMD & Co-Head-Global Financial Sponsors
Joshua FreedmanManaging Director
Si Hang MaMember-Global Advisory Council
Ted JanickiPresident-Buffalo Market
Matthew M. KoderPresident-Global Corporate & Investment Banking
James P DemarePresident-Global Markets
Aron LevinePresident-Preferred & Consumer Banking & Invts
Dean C. AthanasiaPresident-Regional Banking
Mohammad SyahrialPrincipal
Lindsey StreeterSVP-Global Military Affairs & CSR Program Manager
Ross E. JeffriesSecretary & Deputy General Counsel
Angela RiversSenior Vice President
Paul M. DonofrioVice Chairman
Thong M. NguyenVice Chairman
Catherine P. BessantVice Chairman-Global Strategy
Thomas Dawson StoddardVice Chairman-Investment Banking
Bank of America Stock Price | BAC Stock Quote, News, and History | Markets Insider (2024)

FAQs

Is Bank of America a good buy right now? ›

Bank of America has a consensus rating of Moderate Buy which is based on 12 buy ratings, 11 hold ratings and 1 sell ratings. What is Bank of America's price target? The average price target for Bank of America is $39.89. This is based on 24 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

What is the stock price prediction for Bank of America in 2024? ›

Bank of America Stock Price Forecast 2024-2025

The forecasted Bank of America price at the end of 2024 is $44.05 - and the year to year change +31%. The rise from today to year-end: +15%. In the middle of 2024, we expect to see $39.39.

What is the target price for BAC stock? ›

Stock Price Targets
High$46.00
Median$40.00
Low$37.00
Average$40.38
Current Price$39.46

What is the highest Bank of America stock has been? ›

The latest closing stock price for Bank Of America as of June 07, 2024 is 39.78.
  • The all-time high Bank Of America stock closing price was 46.47 on February 08, 2022.
  • The Bank Of America 52-week high stock price is 40.19, which is 1% above the current share price.

What is the prediction for Bank of America? ›

Bank of America Stock Forecast

The 17 analysts with 12-month price forecasts for Bank of America stock have an average target of 39.02, with a low estimate of 33 and a high estimate of 46. The average target predicts an increase of 0.77% from the current stock price of 38.72.

What is the 12 month forecast for Bank of America stock? ›

Based on analysts offering 12 month price targets for BAC in the last 3 months. The average price target is $39.89 with a high estimate of $46 and a low estimate of $35.2.

What is happening to Bank of America? ›

Bank of America was ordered to pay millions of dollars after regulators learned it had opened fake accounts, double charged customers and withheld credit card rewards.

What will the BAC stock price be in 2030? ›

According to our Bank Of America stock prediction for 2030, BAC stock will be priced at $ 69.92 in 2030. This forecast is based on the stock's average growth over the past 10 years.

What are the assets of Bank of America in 2024? ›

Bank Of America total assets for the quarter ending March 31, 2024 were $3,273.803B, a 2.48% increase year-over-year. Bank Of America total assets for 2023 were $3180.151B, a 4.22% increase from 2022. Bank Of America total assets for 2022 were $3051.375B, a 3.73% decline from 2021.

Who owns most of Bank of America? ›

Bank of America is a publicly held company owned by shareholders. Institutional investors own about 59% of its shares. The largest shareholder is Warren Buffett's Berkshire Hathaway, which owns about 13% of the shares.

Is BAC a good long-term investment? ›

Based on its current forecast, Bank of America Corporation (BAC) stock is a solid investment for 2024 and beyond. Analysts predict a stable increase in BAC's stock price, underpinned by the company's solid financials and consistent dividend history.

Is BAC a good dividend stock? ›

Over the past three years, Bank of America Corp's annual dividend growth rate was 8.50%. Extended to a five-year horizon, this rate increased to 10.60% per year. And over the past decade, Bank of America Corp's annual dividends per share growth rate stands at an impressive 31.70%.

Is Bank of America stock a good buy right now? ›

Is Bank of America stock a Buy, Sell or Hold? Bank of America stock has received a consensus rating of buy. The average rating score is A1 and is based on 50 buy ratings, 23 hold ratings, and 7 sell ratings.

What is the fair value of Bank of America? ›

As of 2024-06-06, the Fair Value of Bank of America Corp (BAC) is 16 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 39.7 USD, the upside of Bank of America Corp is -59.7%.

How many times has Bank of America stock split? ›

BAC Splits
Split dateSplit Ratio
Oct 20, 19721/2 Stock Split
Nov 21, 19861/2 Stock Split
Feb 28, 19971/2 Stock Split
Aug 30, 20041/2 Stock Split

Is Bank of America going under? ›

Overall, Bank of America appears to be in a relatively healthy financial position and is not currently in imminent danger of collapse. However, as with any financial institution, there are always risks involved, and customers and investors should always monitor the bank's financial health and risk profile.

Is Bank of America a good Bank to deal with? ›

Based on our research on more than 100 traditional and online banks and credit unions, we give Bank of America 4 out of 5 stars overall. It earns points for its extensive branch network and solid mobile app and online platform, but loses points for offering lower interest rates than its competitors on deposit accounts.

What stocks are a strong buy right now? ›

The 9 Best Stocks To Buy Now
Company (Ticker)Forward P/E Ratio
Spotify Technology S.A. (SPOT)20.9
The Progressive Corporation (PGR)8.6
Alphabet, Inc. (GOOG, GOOGL)13.2
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