Bank of America (BAC-PB) - Stock Price & Dividends

Exchange: USA Stocks • Country: United States • Currency: USD • Type: Preferred Stock • ISIN: -s

Bank of America Corporation is a global financial institution that offers a wide range of banking and investment services to individuals, businesses, institutions, corporations, and governments around the world. The company operates in four key segments:

The Consumer Banking segment provides a variety of financial products such as savings accounts, certificates of deposit, checking accounts, credit and debit cards, mortgages, and loans to meet the needs of individual consumers. Additionally, it offers investment accounts and products to help customers grow their wealth.

The Global Wealth & Investment Management (GWIM) segment focuses on providing investment management, brokerage, banking, trust, and retirement products and services. It offers tailor-made solutions for wealth management and specialty asset management services to meet the diverse needs of its clients.

Through the Global Banking segment, Bank of America offers lending products and services including commercial loans, trade finance, treasury solutions, working capital management, and debt and equity underwriting. It also provides advisory services and market research to assist clients with their financial decisions.

The Global Markets segment specializes in market-making, financing, securities clearing, and risk management services. It offers a wide range of securities and derivative products to clients, along with expert advice on interest rates, equities, credit, and currency markets.

Founded in 1784 and headquartered in Charlotte, North Carolina, Bank of America Corporation is committed to providing comprehensive financial solutions and expert advice to its diverse customer base. To learn more about the services offered, visit their website: https://www.bankofamerica.com

Drawdown (Underwater) Chart

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

BAC-PB Stock Overview

Market Cap in USD 252,378m
Sector Financial Services
Industry Banks - Diversified
GiC SubIndustry Regional Banks
TER 0.00%
IPO / Inception

BAC-PB Stock Ratings

Growth 5y 7.31
Fundamental 0.52
Dividend 9.21
Rel. Performance vs Sector -0.85
Analysts -
Fair Price Momentum 24.20 USD
Fair Price DCF 128.18 USD

BAC-PB Dividends

Yield 12m 12.93%
Yield on Cost 5y 17.48%
Dividends CAGR 5y 9.86%
Payout Consistency 98.7%

BAC-PB Growth Ratios

Growth 12m 14.09%
Growth Correlation 12m 70%
Growth Correlation 3m 16%
CAGR 5y 6.21%
Sharpe Ratio 12m 0.76
Alpha vs SP500 12m 2.34
Beta vs SP500 5y weekly 0.37
ValueRay RSI 26.10
Volatility GJR Garch 1y 9.69%
Price / SMA 50 0.08%
Price / SMA 200 3.76%
Current Volume 36.7k
Average Volume 20d 78.9k

External Links for BAC-PB Stock

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What is the price of BAC-PB stocks?
As of April 23, 2024, the stock is trading at USD 25.14 with a total of 36,697 shares traded.
Over the past week, the price has changed by +0.92%, over one month by -0.20%, over three months by +1.01% and over the past year by +14.04%.
What is the forecast for BAC-PB stock price target?
According to ValueRays Forecast Model, BAC-PB Bank of America will be worth about 26.6 in April 2025. The stock is currently trading at 25.14. This means that the stock has a potential upside of +5.69%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 26.6 5.69

The Evolution and Status of Bank of America Corporation

History of Bank of America

Bank of America Corporation, with its roots tracing back to 1904, began as the Bank of Italy in San Francisco. Founded by Amadeo Pietro Giannini, it was aimed at providing financial services to immigrants who faced service denial from other banks. Over the decades, through significant mergers and acquisitions, including a notable one with NationsBank in 1998, it transformed into the banking giant known today as Bank of America.

Core and Side Businesses

At its core, Bank of America operates through various segments, including Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. These divisions cover a wide range of financial services, from everyday bank accounts and mortgages to investment management and commercial banking solutions.

Beyond its fundamental banking and financial services, Bank of America also engages in side businesses, such as providing innovation in banking technology and financial advisory services. The bank's commitment to technology has placed it at the forefront of digital banking, offering its clients state-of-the-art online and mobile banking experiences.

Current Market Status

As of my knowledge cutoff in early 2023, Bank of America Corporation continues to be a leading entity in the financial sector. With a significant presence not just in the United States but globally, it plays a crucial role in the world's banking and financial landscape. Despite the challenges faced by the banking industry, including economic fluctuations and the increased competition from fintech companies, Bank of America maintains a strong market position through strategic initiatives and innovation.