Bank of America (BAC) - Stock Price & Dividends

Exchange: USA Stocks • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0605051046

Banking, Investment, Lending, Credit, Wealth Management, Securities, Insurance

Bank of America Corporation is a global financial powerhouse that provides a wide range of banking and financial products and services to individuals, small businesses, large corporations, governments, and institutional investors worldwide.

The company's Consumer Banking segment offers a variety of products and services, including traditional savings accounts, certificates of deposit, IRAs, checking accounts, investment accounts, credit and debit cards, residential mortgages, home equity loans, and personal loans. This segment is designed to meet the financial needs of individuals and families, providing them with convenient and accessible banking solutions.

The Global Wealth & Investment Management (GWIM) segment provides a comprehensive range of investment management, brokerage, banking, and trust and retirement products and services. This segment offers wealth management solutions, customized investment strategies, and specialty asset management services to high-net-worth individuals, families, and institutions. GWIM helps clients achieve their financial goals through personalized advice, investment guidance, and wealth management expertise.

The Global Banking segment provides a broad range of lending products and services to large corporations, middle-market companies, and governments. This segment offers commercial loans, leases, trade finance, commercial real estate and asset-based lending, treasury solutions, and working capital management solutions. Additionally, it provides debt and equity underwriting and distribution, merger-related and other advisory services, and fixed-income and equity research.

The Global Markets segment is a leading player in the global capital markets, providing market-making, financing, securities clearing, settlement, and custody services. This segment offers a wide range of securities and derivative products, including interest rate, equity, credit, currency, and commodity derivatives, as well as fixed-income and mortgage-related products. It also provides risk management solutions to help clients manage their financial risks and achieve their investment objectives.

Founded in 1784, Bank of America Corporation is one of the oldest and largest financial institutions in the United States. Headquartered in Charlotte, North Carolina, the company has a long history of providing innovative financial solutions to its clients. Today, it is a global leader in the financial services industry, with a strong commitment to responsible growth, customer service, and community development. You can learn more about Bank of America Corporation at https://www.bankofamerica.com.

Drawdown (Underwater) Chart

Drawdown / Underwater Chart for Bank of America (BAC) - Stock Price & Dividends

Overall Trend and Yearly Seasonality

Drawdown / Underwater Chart for Bank of America (BAC) - Stock Price & Dividends

BAC Stock Overview

Market Cap in USD 302,805m
Sector Financial Services
Industry Banks - Diversified
GiC SubIndustry Diversified Banks
TER 0.00%
IPO / Inception 1978-01-13

BAC Stock Ratings

Growth 5y 35.5
Fundamental 2.87
Dividend 7.43
Rel. Performance vs Sector 1.10
Analysts 3.64/5
Fair Price Momentum 38.71 USD
Fair Price DCF 142.80 USD

BAC Dividends

Yield 12m 2.43%
Yield on Cost 5y 3.84%
Dividends CAGR 5y 6.87%
Payout Consistency 93.8%

BAC Growth Ratios

Growth 12m 40.93%
Growth Correlation 12m 67%
Growth Correlation 3m 61%
CAGR 5y 9.60%
CAGR/Mean DD 5y 0.47
Sharpe Ratio 12m 1.53
Alpha vs SP500 12m 8.34
Beta vs SP500 5y weekly 1.29
ValueRay RSI 45.46
Volatility GJR Garch 1y 24.32%
Price / SMA 50 3.89%
Price / SMA 200 20.79%
Current Volume 26135.4k
Average Volume 20d 35409.8k

External Links for BAC Stock

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What is the price of BAC stocks?
As of June 18, 2024, the stock is trading at USD 39.51 with a total of 26,135,368 shares traded.
Over the past week, the price has changed by -0.40%, over one month by +1.17%, over three months by +10.39% and over the past year by +39.38%.
What are the forecast for BAC stock price target?
According to ValueRays Forecast Model, BAC Bank of America will be worth about 42.3 in June 2025. The stock is currently trading at 39.51. This means that the stock has a potential upside of +7.16%.
Issuer Forecast Upside
Wallstreet Target Price 40 1.16
Analysts Target Price 32.1 -18.8
ValueRay Target Price 42.3 7.16

Bank of America Corp: A Journey Through Time and Growth

History of Bank of America

Bank of America Corp (BAC), one of the leading financial institutions in the world, has a rich history that dates back to the late 19th century. Originally known as the Bank of Italy, it was established in San Francisco in 1904 by Amadeo Pietro Giannini. Its mission was to serve immigrants denied services by other banks. Over the years, through numerous mergers and acquisitions, it evolved into the Bank of America we know today. The most significant transformation came in 1998, with the merger of BankAmerica and NationsBank, solidifying its position as a banking powerhouse.

Core Business

At its core, Bank of America provides a wide range of financial services to individual consumers, small and middle-market businesses, and large corporations. These services include banking, investing, asset management, and other financial and risk management products and services. It operates through various segments, including Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets, offering everything from savings accounts to complex financial solutions for multinational corporations.

Side Business and Innovations

Beyond its primary banking operations, Bank of America has ventured into digital banking innovations, sustainability projects, and community development initiatives. It has made significant strides in enhancing its digital platform, providing customers with a seamless online and mobile banking experience. Additionally, the bank is committed to environmental sustainability, investing in renewable energy projects, and offering green financing solutions. Social responsibility initiatives, aimed at supporting housing, jobs, and small businesses in underprivileged communities, also form a crucial part of its side businesses.

Current Market Status

Today, Bank of America stands as one of the world's leading financial institutions. Despite facing challenges like economic fluctuations and regulatory changes, it has shown resilience and adaptability. As of 2023, BAC continues to perform strongly in the stock market, indicating investor confidence in its stability and growth potential. With a robust strategy focusing on technological innovation, customer satisfaction, and sustainable development, Bank of America is well-positioned to navigate the complexities of the global financial landscape in the years to come.