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

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

Banking, Investments, Loans, Credit, Cards

Bank of America Corporation is a global financial powerhouse that offers a vast array of banking and financial products and services to individual consumers, 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 provides a range of financial products and services, including traditional savings accounts, certificates of deposit, IRAs, checking accounts, investment accounts, credit and debit cards, residential mortgages, home equity loans, and personal loans.

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

The Global Banking segment provides lending products and services, including commercial loans, leases, trade finance, and commercial real estate and asset-based lending. It also offers 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, as well as securities and derivative products. It also offers risk management products using various derivatives, foreign exchange, fixed-income, and mortgage-related products. This segment helps clients manage their financial risks and achieve their investment objectives.

Founded in 1784, Bank of America Corporation is headquartered in Charlotte, North Carolina, and has a rich history of providing financial services to individuals, businesses, and governments. With a strong online presence, the company's website (https://www.bankofamerica.com) provides easy access to its wide range of financial products and services.

Drawdown (Underwater) Chart

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

BML-PL Stock Overview

Market Cap in USD 271,066m
Sector Financial Services
Industry Banks - Diversified
GiC SubIndustry Regional Banks
TER 0.00%
IPO / Inception

BML-PL Stock Ratings

Growth 5y 39.2
Fundamental 0.49
Dividend 9.03
Rel. Performance vs Sector -0.41
Analysts -
Fair Price Momentum 21.41 USD
Fair Price DCF 113.79 USD

BML-PL Dividends

Yield 12m 6.91%
Yield on Cost 5y 9.20%
Dividends CAGR 5y 7.17%
Payout Consistency 97.2%

BML-PL Growth Ratios

Growth 12m 20.77%
Growth Correlation 12m 85%
Growth Correlation 3m 28%
CAGR 5y 5.86%
CAGR/Mean DD 5y 0.75
Sharpe Ratio 12m 1.68
Alpha vs SP500 12m 1.10
Beta vs SP500 5y weekly 0.68
ValueRay RSI 32.67
Volatility GJR Garch 1y 7.95%
Price / SMA 50 0.68%
Price / SMA 200 5.8%
Current Volume 116.7k
Average Volume 20d 21.4k

External Links for BML-PL Stock

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What is the price of BML-PL stocks?
As of June 18, 2024, the stock is trading at USD 22.26 with a total of 116,745 shares traded.
Over the past week, the price has changed by +1.18%, over one month by -1.11%, over three months by +1.63% and over the past year by +19.44%.
What are the forecast for BML-PL stock price target?
According to ValueRays Forecast Model, BML-PL Bank of America will be worth about 23.3 in June 2025. The stock is currently trading at 22.26. This means that the stock has a potential upside of +4.67%.
Issuer Forecast Upside
Wallstreet Target Price - -
Analysts Target Price - -
ValueRay Target Price 23.3 4.67

The Evolution and Current Stand of Bank of America Corporation

History of Bank of America

Bank of America's journey began over a century ago, with its roots tracing back to the Bank of Italy in San Francisco, established by Amadeo Giannini in 1904. Its mission was to serve immigrants denied service by other banks. This focus on inclusivity and customer service became a staple of its operating philosophy. Through numerous mergers and expansions, including a significant one with NationsBank in 1998, Bank of America grew into one of the largest banking institutions in the United States.

Core Business

The core business of Bank of America revolves around consumer banking, which offers a variety of services such as checking and savings accounts, home loans, and credit cards. Besides consumer banking, it has a strong presence in wealth management, investment banking, and financial and risk management solutions for corporate clients. With its acquisition of Merrill Lynch in 2008, Bank of America also solidified its position in wealth management and investment services.

Side Businesses

Apart from its primary financial services, Bank of America explores various side businesses. These include, but are not limited to, insurance services, mortgage lending, and investments in fintech and sustainable energy projects. These ventures allow Bank of America to diversify its revenue streams and explore new market territories.

Current Market Status

As of the latest update, Bank of America stands as a titan in the banking sector, both domestically within the United States and internationally. Despite the challenges posed by economic fluctuations and the competitive landscape of the financial industry, Bank of America has managed to maintain a strong market position. It continues to innovate and expand its services, adapting to the changing needs of consumers and businesses alike. With a keen focus on digital banking, Bank of America is embracing the future of finance, ensuring it remains at the forefront of the banking industry.