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

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

Bank of America Corporation, listed on the New York Stock Exchange under the ticker symbol BML-PJ, is a well-established financial institution that operates globally through its subsidiaries. The company caters to a broad range of clients, including individuals, small and medium-sized businesses, institutional investors, large corporations, and governments.

In its Consumer Banking segment, Bank of America offers a variety of financial products and services such as traditional and money market savings accounts, certificates of deposit, IRAs, checking accounts, investment accounts, credit and debit cards, residential mortgages, home equity loans, and various types of loans like automotive and consumer personal loans.

The Global Wealth & Investment Management segment provides investment management, brokerage, banking, trust, retirement products, wealth management solutions, and specialty asset management services tailored to individual and institutional clients.

Bank of America's Global Banking segment specializes in lending products like commercial loans, leases, trade finance, real estate lending, treasury solutions, working capital management, debt and equity underwriting, as well as merger-related and advisory services for businesses.

The Global Markets segment of the company focuses on market-making, financing, securities clearing, settlement, custody services, and risk management products using a wide array of derivatives and financial instruments such as interest rate, equity, credit, and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products.

Founded in 1784, Bank of America Corporation is headquartered 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 (BML-PJ) - Stock Price & Dividends

BML-PJ Stock Overview

Market Cap in USD 263,675m
Sector Financial Services
Industry Banks - Diversified
GiC SubIndustry Regional Banks
TER 0.00%
IPO / Inception

BML-PJ Stock Ratings

Fundamental 0.04
Dividend 9.29
Growth 5y 4.29
Rel. Performance vs Sector -1.14
Analysts -
Fair Price Momentum 21.67 USD
Fair Price DCF 125.62 USD

BML-PJ Dividends

Yield 12m 6.89%
Yield on Cost 5y 9.60%
Dividends CAGR 5y 8.28%
Payout Consistency 95.6%

BML-PJ Growth Ratios

Growth 12m 16.67%
Growth Correlation 12m 75%
Growth Correlation 3m 74%
CAGR 5y 6.86%
Sharpe Ratio 12m 0.97
Alpha vs SP500 12m -6.14
Beta vs SP500 5y weekly 0.65
ValueRay RSI 64.94
Volatility GJR Garch 1y 8.42%
Price / SMA 50 2.61%
Price / SMA 200 9%
Current Volume 4.4k
Average Volume 20d 11.6k

External Links for BML-PJ Stock

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What is the price of BML-PJ stocks?
As of March 28, 2024, the stock is trading at USD 22.76 with a total of 4,385 shares traded.
Over the past week, the price has changed by -0.45%, over one month by +2.29%, over three months by +6.22% and over the past year by +21.53%.
What is the forecast for BML-PJ stock price target?
According to ValueRays Forecast Model, BML-PJ Bank of America will be worth about 23.8 in March 2025. The stock is currently trading at 22.76. This means that the stock has a potential upside of +4.75%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 23.8 4.75%

Bank of America Corporation: A Comprehensive Overview

History

Bank of America Corporation, often abbreviated as BofA, has a rich history that dates back to more than a century. Founded in 1904 by Amadeo Pietro Giannini as Bank of Italy in San Francisco, it aimed to serve immigrants who were denied service by other banks. After surviving the 1906 San Francisco earthquake, the bank expanded, renaming itself as Bank of America in 1930. It went on to become one of the largest banks in the United States, both in terms of assets and influence.

Core Business

The core business of Bank of America revolves around providing a wide range of banking and financial services. This includes consumer banking, wealth management, and commercial banking. Among its most well-known services are checking and savings accounts, credit cards, mortgage loans, and investment services. Bank of America serves millions of customers through its nationwide network of branches and ATMs, as well as its digital banking platform.

Side Business

Beyond its traditional banking operations, Bank of America also engages in various side businesses. This includes global banking and markets, which cater to corporate clients with services like trading, brokerage, and investment banking. Another notable area is its investment in fintech and blockchain technologies, aiming to innovate and improve financial services. Bank of America holds numerous patents in these areas, reflecting its commitment to staying at the forefront of financial technology.

Current Market Status

As of the latest data available in 2023, Bank of America Corporation remains a formidable presence in the financial industry. It is listed on the New York Stock Exchange (NYSE) under the ticker symbol BAC. Despite the challenges posed by economic fluctuations and a competitive banking landscape, Bank of America continues to show resilience. Its strategic investments in technology and commitment to customer service have helped maintain its status as a banking powerhouse in the United States and globally.