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

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

Bank of America Corporation, trading under the ticker symbol BAC-PL, is a global financial institution that operates through various subsidiaries, catering to a diverse range of clients worldwide. The company serves individual consumers, small and medium-sized businesses, institutional investors, large corporations, and governmental entities alike.

In the Consumer Banking segment, Bank of America offers a comprehensive suite of financial products and services, including traditional and money market savings accounts, certificates of deposit, IRAs, checking accounts, investment accounts, credit and debit cards, residential mortgages, and home equity loans. Additionally, it provides various types of loans, such as automotive, recreational vehicle, and consumer personal loans.

Bank of America's Global Wealth & Investment Management segment specializes in investment management, brokerage services, banking solutions, trust and retirement products, wealth management, and customized offerings like specialty asset management services to meet the diverse needs of its clientele.

The Global Banking division of Bank of America functions as a lender, offering commercial loans, leases, commitment facilities, trade finance services, commercial real estate lending, treasury solutions, working capital management options, debt and equity underwriting, and distribution services. It also provides advisory services for mergers and other corporate transactions.

Bank of America's Global Markets segment is engaged in market-making activities, financing, securities clearing, settlement, custody services, and risk management products. The division handles a wide range of products, including interest rate, equity, credit, currency, and commodity derivatives, as well as foreign exchange, fixed-income, and mortgage-related products.

Established in 1784, Bank of America Corporation has its headquarters in Charlotte, North Carolina. For more information about the company and its services, visit their official website at https://www.bankofamerica.com.

Drawdown (Underwater) Chart

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

BAC-PL Stock Overview

Market Cap in USD 241,314m
Sector Financial Services
Industry Banks - Diversified
GiC SubIndustry Regional Banks
TER 0.00%
IPO / Inception

BAC-PL Stock Ratings

Growth 5y 1.26
Fundamental 0.09
Dividend 6.94
Rel. Performance vs Sector -1.53
Analysts -
Fair Price Momentum 1053.95 USD
Fair Price DCF -

BAC-PL Dividends

Yield 12m 6.27%
Yield on Cost 5y 7.23%
Dividends CAGR 5y 0.00%
Payout Consistency 97.2%

BAC-PL Growth Ratios

Growth 12m 4.56%
Growth Correlation 12m 38%
Growth Correlation 3m 8%
CAGR 5y 2.87%
Sharpe Ratio 12m -0.05
Alpha vs SP500 12m -9.85
Beta vs SP500 5y weekly 0.52
ValueRay RSI 13.11
Volatility GJR Garch 1y 10.04%
Price / SMA 50 -1.8%
Price / SMA 200 2.71%
Current Volume 2.8k
Average Volume 20d 6.6k

External Links for BAC-PL Stock

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What is the price of BAC-PL stocks?
As of April 19, 2024, the stock is trading at USD 1156.00 with a total of 2,785 shares traded.
Over the past week, the price has changed by -1.38%, over one month by -1.93%, over three months by +1.13% and over the past year by +4.42%.
What is the forecast for BAC-PL stock price target?
According to ValueRays Forecast Model, BAC-PL Bank of America will be worth about 1158.8 in April 2025. The stock is currently trading at 1156.00. This means that the stock has a potential upside of +0.24%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 1158.8 0.24%

Bank of America Corporation: A Comprehensive Overview

Bank of America Corporation, often abbreviated as BofA, stands as one of the leading global banking and financial institutions. With its roots stretching back to 1904, the corporation has evolved significantly over the decades. It was founded by Amadeo Pietro Giannini as the Bank of Italy in San Francisco, aiming to serve immigrants denied services by other banks. Through a series of strategic merges and acquisitions, notably with NationsBank in 1998, it metamorphosed into the entity now recognized worldwide as Bank of America.

Core Business

At its core, Bank of America provides a wide array of banking and financial products and services. These encompass retail banking, wealth management, commercial banking, and investment banking. The institution serves individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management, and other financial and risk management products and services.

Side Business and Innovations

Aside from its core operations, Bank of America actively invests in technology and innovation to enhance customer experience and efficiency. Through its Global Technology & Operations division, the bank focuses on leveraging cutting-edge technology, including artificial intelligence, blockchain, and cloud computing. Moreover, it has embraced digital banking, with a substantial number of consumers using its online and mobile banking platforms, facilitating various transactions and services online.

Current Market Status

As of now, Bank of America holds a strong position in the financial industry. It's one of the largest banks in the United States by assets and has a significant presence in several international markets. Despite the challenges posed by economic fluctuations and stringent regulatory environments, the corporation has demonstrated resilience and adaptability. It continues to report substantial earnings, attract investments, and maintain a loyal customer base. The stock of Bank of America Corporation (NYSE:BAC-PL) remains a watched and analyzed component in the financial markets, indicative of its influence and importance in the global financial arena.