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

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

Banking, Investing, Loans, Cards, Mortgages

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

The company operates through four main segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment provides traditional banking services, including savings accounts, credit and debit cards, residential mortgages, and personal loans, as well as investment products and services.

The GWIM segment focuses on wealth management, offering investment management, brokerage, and trust services, as well as customized solutions for high-net-worth individuals and institutional clients. This segment also provides retirement products and services, including 401(k) plans and individual retirement accounts (IRAs).

The Global Banking segment is responsible for providing lending products and services to large corporations, including commercial loans, leases, and trade finance. This segment also offers treasury solutions, such as cash management and foreign exchange services, as well as debt and equity underwriting and distribution.

The Global Markets segment is the company's investment banking arm, providing market-making, financing, and securities clearing services to institutional clients. This segment also offers a range of financial products, including derivatives, fixed-income securities, and mortgage-backed securities.

With a rich history dating back to 1784, Bank of America Corporation is one of the oldest and largest financial institutions in the world. Headquartered in Charlotte, North Carolina, the company has a strong online presence, with a website that provides customers with convenient access to its products and services.

Drawdown (Underwater) Chart

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

BAC-PE Stock Overview

Market Cap in USD 280,437m
Sector Financial Services
Industry Banks - Diversified
GiC SubIndustry Regional Banks
TER 0.00%
IPO / Inception

BAC-PE Stock Ratings

Growth 5y 38.5
Fundamental 0.57
Dividend 8.14
Rel. Performance vs Sector -0.09
Analysts -
Fair Price Momentum 22.48 USD
Fair Price DCF 113.79 USD

BAC-PE Dividends

Yield 12m 6.41%
Yield on Cost 5y 8.71%
Dividends CAGR 5y 4.47%
Payout Consistency 94.3%

BAC-PE Growth Ratios

Growth 12m 23.22%
Growth Correlation 12m 80%
Growth Correlation 3m 54%
CAGR 5y 6.30%
CAGR/Mean DD 5y 0.87
Sharpe Ratio 12m 1.92
Alpha vs SP500 12m 6.14
Beta vs SP500 5y weekly 0.60
ValueRay RSI 5.02
Volatility GJR Garch 1y 7.70%
Price / SMA 50 -0.76%
Price / SMA 200 7.75%
Current Volume 12.3k
Average Volume 20d 18.1k

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What is the price of BAC-PE stocks?
As of June 15, 2024, the stock is trading at USD 23.35 with a total of 12,278 shares traded.
Over the past week, the price has changed by -1.10%, over one month by -1.97%, over three months by +1.37% and over the past year by +22.51%.
What are the forecast for BAC-PE stock price target?
According to ValueRays Forecast Model, BAC-PE Bank of America will be worth about 24.5 in June 2025. The stock is currently trading at 23.35. This means that the stock has a potential upside of +4.71%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 24.5 4.71

Bank of America Corporation: A Comprehensive Overview

History

Bank of America Corporation, known widely as Bank of America, has a rich history that dates back to over a century. Initially founded as the Bank of Italy in San Francisco in 1904 by Amadeo Pietro Giannini, it aimed to serve the financial needs of immigrants whom other banks often overlooked at the time. After years of growth and strategic acquisitions, it eventually became Bank of America. Today, it stands as a testament to innovative banking, inclusion, and expansion.

Core Business

The core business of Bank of America revolves around providing a vast range of banking and financial services. These include consumer banking, which is the heart of its operations, offering services such as checking and savings accounts, credit cards, and mortgages. Additionally, it has a substantial presence in wealth management, investment banking, and commercial banking. Through its Merrill Lynch division, it extends wealth management and brokerage services, while its investment banking prowess is demonstrated through strategic advisory services, capital raising, and risk management.

Side Business

Beyond its primary banking and financial services, Bank of America engages in a variety of side businesses that complement its core operations. These include, but are not limited to, insurance services, investment in renewable energy projects, and philanthropic endeavors through its charitable foundation. These ventures reflect the corporation's commitment to social responsibility and sustainability, aligning with broader economic and environmental goals.

Current Market Status

As of the latest update in 2023, Bank of America stands as a leading financial institution not just in the United States, but globally. With a robust financial position, it continues to navigate the complexities of the global economy, adapting to changes and seizing opportunities for growth. Its stock, traded under the ticker NYSE:BAC-PE, reflects its market stability and investor confidence. Despite economic fluctuations and competitive pressures, the corporation remains focused on delivering value to its stakeholders and maintaining its market leadership.