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

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

Bank of America Corporation, traded on the NYSE as BML-PH, is a global financial institution that provides a wide range of banking and financial services to various customer segments around the world.

The company's Consumer Banking division offers a variety of products and services, including savings accounts, checking accounts, investment accounts, credit and debit cards, mortgages, and personal loans, catering to individual consumers and small to middle-market businesses.

Bank of America's Global Wealth & Investment Management segment delivers investment management, brokerage, banking, trust, retirement products, and wealth management solutions to meet the diverse needs of its clients, including specialized asset management services.

Furthermore, the Global Banking division focuses on providing lending products, treasury solutions, working capital management, and underwriting services to large corporations, governments, and institutional investors worldwide, ensuring comprehensive financial assistance.

In addition, the company's Global Markets segment delivers market-making, securities clearing, risk management, and custody services, utilizing various derivatives and financial products to manage interest rate, equity, credit, currency, and commodity risks for its customers.

Established in 1784 and headquartered in Charlotte, North Carolina, Bank of America Corporation continues to be a leading financial institution with a strong global presence, serving the banking and financial needs of a diverse clientele.

For more information, visit Bank of America's official website: https://www.bankofamerica.com

Drawdown (Underwater) Chart

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

Overall Trend and Yearly Seasonality

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

BML-PH Stock Overview

Market Cap in USD 291,370m
Sector Financial Services
Industry Banks - Diversified
GiC SubIndustry Regional Banks
TER 0.00%
IPO / Inception

BML-PH Stock Ratings

Fundamental 0.02
Dividend 9.73
Growth 5y 5.00
Rel. Performance vs Sector -1.67
Analysts -
Fair Price Momentum 20.21 USD
Fair Price DCF 125.62 USD

BML-PH Dividends

Yield 12m 7.24%
Yield on Cost 5y 10.27%
Dividends CAGR 5y 12.83%
Payout Consistency 94.6%

BML-PH Growth Ratios

Growth 12m 11.77%
Growth Correlation 12m 70%
Growth Correlation 3m 89%
CAGR 5y 7.23%
Sharpe Ratio 12m 0.71
Alpha vs SP500 12m -11.76
Beta vs SP500 5y weekly 0.68
ValueRay RSI 20.69
Volatility GJR Garch 1y 8.53%
Price / SMA 50 1.19%
Price / SMA 200 7.04%
Current Volume 68.4k
Average Volume 20d 124.6k

External Links for BML-PH Stock

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What is the price of BML-PH stocks?
As of March 28, 2024, the stock is trading at USD 21.28 with a total of 68,371 shares traded.
Over the past week, the price has changed by -3.05%, over one month by +1.58%, over three months by +6.37% and over the past year by +13.38%.
What is the forecast for BML-PH stock price target?
According to ValueRays Forecast Model, BML-PH Bank of America will be worth about 22.3 in March 2025. The stock is currently trading at 21.28. This means that the stock has a potential upside of +4.56%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 22.3 4.56%

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.