BML-PG - Bank of America - Stock Price & Dividends

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

Banking, Investments, Lending, Credit, Wealth Management

Bank of America Corporation is a global financial giant that provides 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 offers a variety of financial products and services, including traditional savings accounts, credit and debit cards, residential mortgages, home equity loans, and investment accounts and products.

The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services, as well as customized wealth management solutions and specialty asset management services. This segment helps individuals and institutions manage their wealth and achieve their financial goals.

The Global Banking segment offers a range of lending products and services, including commercial loans, leases, and commitment facilities. It also provides treasury solutions, such as treasury management, foreign exchange, and merchant services, as well as debt and equity underwriting and distribution, and merger-related and other advisory services.

The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services. It also offers a range of securities and derivative products, as well as risk management products using interest rate, equity, credit, currency, and commodity derivatives.

Founded in 1784, Bank of America Corporation is one of the oldest and largest financial institutions in the United States, with its headquarters in Charlotte, North Carolina. With a strong online presence, the company provides convenient access to its products and services through its website at https://www.bankofamerica.com.

Today, Bank of America Corporation is a global leader in the financial services industry, with a diverse range of products and services that cater to the financial needs of individuals, businesses, and governments around the world.

Drawdown (Underwater) Chart

Drawdown / Underwater Chart for BML-PG - Bank of America  - Stock Price & Dividends

BML-PG Stock Overview

Market Cap in USD 306,930m
Sector Financial Services
Industry Banks - Diversified
GiC SubIndustry Regional Banks
TER 0.00%
IPO / Inception

BML-PG Stock Ratings

Growth 5y 49.4
Fundamental 1.20
Dividend 87.20
Rel. Performance vs Sector -0.31
Analysts -
Fair Price Momentum 22.39 USD
Fair Price DCF 109.44 USD

BML-PG Dividends

Dividend Yield 12m 6.98%
Yield on Cost 5y 10.01%
Dividends CAGR 5y 12.68%
Payout Consistency 97.2%

BML-PG Growth Ratios

Growth 12m 22.78%
Growth Correlation 12m 86%
Growth Correlation 3m 60%
CAGR 5y 7.46%
CAGR/Mean DD 5y 0.91
Sharpe Ratio 12m 1.64
Alpha vs SP500 12m 3.73
Beta vs SP500 5y weekly 0.65
ValueRay RSI 24.18
Volatility GJR Garch 1y 9.81%
Price / SMA 50 0.53%
Price / SMA 200 7.73%
Current Volume 2.9k
Average Volume 20d 6.5k

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What is the price of BML-PG stocks?
As of July 13, 2024, the stock is trading at USD 22.72 with a total of 2,928 shares traded.
Over the past week, the price has changed by -0.10%, over one month by +1.87%, over three months by +4.65% and over the past year by +23.58%.
What are the forecast for BML-PG stock price target?
According to ValueRays Forecast Model, BML-PG Bank of America will be worth about 24.3 in July 2025. The stock is currently trading at 22.72. This means that the stock has a potential upside of +7.09%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 24.3 7.09

The Extensive Saga of Bank of America: A Financial Giant's Journey Through Time

Historical Overview

Bank of America Corporation, a name synonymous with global banking and financial services, embarked on its journey over a century ago. With roots dating back to the early 1900s, it was initially established to serve the financial needs of immigrants in San Francisco, California, United States. Through decades of strategic mergers, acquisitions, and expansions, Bank of America has grown into a behemoth, serving millions of customers worldwide.

The Core Business

At its core, Bank of America caters to a wide array of financial needs. Its services span consumer banking, wealth management, and corporate banking, to name a few. With a significant emphasis on innovation and customer service, it remains committed to offering banking solutions that are both accessible and convenient for its diverse clientele. The adoption of digital banking platforms exemplifies its dedication to modernizing financial experiences for customers around the globe.

Side Businesses and Diversification

Beyond its primary banking operations, Bank of America has ventured into various side businesses and sectors. These include investment services through Merrill Lynch, a subsidiary known for its wealth management prowess. Additionally, the bank's endeavors in mortgage lending and credit card services complement its comprehensive suite of financial offerings, catering to a broader spectrum of customer needs.

Current Market Status

As of the latest market assessments, Bank of America Corporation (NYSE:BML-PG) stands as a formidable force in the banking industry, both domestically in the United States and internationally. Despite facing challenges such as economic fluctuations and regulatory changes, it continues to exhibit growth and resilience. Bank of America's strategic focus on digital innovation, customer satisfaction, and global expansion further solidifies its position in today's competitive financial landscape.