Bank of America (BML-PH) - Stock Price & Dividends

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

Banking, Financial, Investment, Lending, Brokerage, Mortgage, Securities

Bank of America Corporation is a global financial powerhouse that provides a wide range of banking and financial products and services to individuals, small and medium-sized 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. This segment is designed to meet the financial needs of individual consumers and small businesses.

The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services to high-net-worth individuals, families, and institutions. This segment offers customized wealth management solutions, including specialty asset management services, to help clients achieve their financial goals.

The Global Banking segment provides lending products and services to large corporations, governments, and institutional clients. This segment offers commercial loans, leases, trade finance, and asset-based lending, as well as treasury solutions, working capital management, and debt and equity underwriting and distribution services. The Global Banking segment also provides merger-related and other advisory services to help clients navigate complex financial transactions.

The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services to institutional clients. This segment offers a range of securities and derivative products, including interest rate, equity, credit, currency, and commodity derivatives, as well as risk management products to help clients manage their financial risks.

Founded in 1784, Bank of America Corporation is one of the oldest and largest financial institutions in the world, with a long history of providing innovative financial solutions to its clients. Headquartered in Charlotte, North Carolina, the company has a strong online presence, with a website at https://www.bankofamerica.com, where customers can access a range of financial products and services.

Drawdown (Underwater) Chart

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

BML-PH Stock Overview

Market Cap in USD 294,760m
Sector Financial Services
Industry Banks - Diversified
GiC SubIndustry Regional Banks
TER 0.00%
IPO / Inception

BML-PH Stock Ratings

Growth 5y 51.5
Fundamental 0.38
Dividend 9.73
Rel. Performance vs Sector -0.05
Analysts -
Fair Price Momentum 21.72 USD
Fair Price DCF 113.79 USD

BML-PH Dividends

Yield 12m 7.16%
Yield on Cost 5y 10.26%
Dividends CAGR 5y 12.83%
Payout Consistency 94.6%

BML-PH Growth Ratios

Growth 12m 23.21%
Growth Correlation 12m 85%
Growth Correlation 3m 60%
CAGR 5y 7.55%
CAGR/Mean DD 5y 1.01
Sharpe Ratio 12m 2.08
Alpha vs SP500 12m 4.48
Beta vs SP500 5y weekly 0.69
ValueRay RSI 75.10
Volatility GJR Garch 1y 7.94%
Price / SMA 50 3.24%
Price / SMA 200 9.27%
Current Volume 23.7k
Average Volume 20d 20.8k

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What is the price of BML-PH stocks?
As of June 15, 2024, the stock is trading at USD 22.28 with a total of 23,741 shares traded.
Over the past week, the price has changed by +1.23%, over one month by +3.87%, over three months by +4.52% and over the past year by +23.53%.
What are the forecast for BML-PH stock price target?
According to ValueRays Forecast Model, BML-PH Bank of America will be worth about 23.6 in June 2025. The stock is currently trading at 22.28. This means that the stock has a potential upside of +6.1%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 23.6 6.10

Understanding Bank of America: Its Journey and Presence in Today's Market

History of Bank of America

Bank of America, often abbreviated as BofA, began its journey more than a century ago. Its roots can be traced back to the early 1900s with the establishment of the Bank of Italy in San Francisco by Amadeo Giannini. Aimed initially at serving immigrants denied services by other banks, it quickly grew. Following a series of expansions and mergers, the most notable being with NationsBank in 1998, the enterprise eventually came to be known as Bank of America Corporation.

Core and Side Businesses

The core business of Bank of America involves a wide range of financial services including personal banking, loans, mortgages, investment services, and credit cards. It operates through various segments such as Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

Besides its main financial operations, Bank of America also engages in side businesses that complement its primary activities. These include insurance services, investment management for institutional investors, and transaction services. Moreover, the firm is involved in philanthropy through the Bank of America Charitable Foundation, investing in social causes and community development.

Current Market Status

As of now, Bank of America stands as one of the largest banking institutions in the United States and a significant player globally. It serves millions of customers through a vast network of branches and ATMs across the U.S. and in international markets. The bank has embraced digital banking, with a strong focus on mobile and online services to meet the evolving needs of its customers.

Financially, Bank of America has shown resilience and growth, continuing to strengthen its market position. Its stock, listed under the ticker symbol BML-PH, is actively traded and reflects investor confidence in the bank's stability and future prospects. Despite challenges in the banking sector, Bank of America's diverse range of services and global reach position it well to navigate the complexities of the financial landscape.