Is Bank of America stock a Buy, Sell or Hold?
Bank of America stock has received a consensus rating of buy. The average rating score is A2 and is based on 27 buy ratings, 12 hold ratings, and 6 sell ratings.What was the 52-week low for Bank of America stock?
The low in the last 52 weeks of Bank of America stock was 27.63. According to the current price, Bank of America is 100.69% away from the 52-week low.What was the 52-week high for Bank of America stock?
The high in the last 52 weeks of Bank of America stock was 44.63. According to the current price, Bank of America is 62.33% away from the 52-week high.What are analysts forecasts for Bank of America stock?
The 45 analysts offering price forecasts for Bank of America have a median target of 45.08, with a high estimate of 60.00 and a low estimate of 33.00. The median estimate represents a 61.71 difference from the last price of 27.82.Bank of America Stock Snapshot
27.81
Bid
265,000.00
Bid Size
27.83
Ask
5,500.00
Ask Size
3/17/2023
Date
4:15 PM
Time
43.55 M
Volume
28.97
Prev. Close
28.65
Open
228.14 B
Market Cap
8.00 B
Number of Shares
27.63
Day Low
28.65
Day High
27.82
27.63
52 Week Low
44.63
52 Week High
27.82
2.72
Dividend Yield
10.37
P/E Ratio
99.81
Free Float in %
3.45
EPS 2023
33.02
Book Value per Share
Bank of America News More News
Bank of America Historical Prices
| Date | Open | Close | Daily High | Daily Low |
|---|
Price change over selected period:
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Bank of America Analyst Data
Total Analysts: 45
Analyst: {{ANALYST_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price-Target: {{PRICE_DATA}}
Rating: {{RATING_DATA}}
Price
*Price Target
Lowest: 33.00
Median: 45.08
Highest: 60.00
*The average price target includes all analyst analysis, not just the most recent analysis presented in the chart.
Bank of America Analyst Opinions
- All
- Buy
- Hold
- Sell
| 03/08/23 | Odeon | Downgraded to Hold | $35.2000007629395 | ||
| 02/09/23 | Keefe, Bruyette & Woods, Inc. | Downgraded to Sell | $33 | ||
| 02/02/23 | Oppenheimer & Co. Inc. | Maintained Buy | $53 | ||
| 01/31/23 | Atlantic Equities | Downgraded to Hold | $40 | ||
| 01/17/23 | Oppenheimer & Co. Inc. | Maintained Buy | $50 | ||
| 01/17/23 | Piper Sandler | Downgraded to Sell | $33 | ||
| 01/10/23 | Odeon | Upgraded to Buy | $38.439998626709 | ||
| 01/06/23 | Deutsche Bank | Downgraded to Hold | $36 | ||
| 01/03/23 | Barclays Capital | Maintained Buy | $48 | ||
| 12/28/22 | Oppenheimer & Co. Inc. | Maintained Buy | $51 | ||
| 12/16/22 | Morgan Stanley | Maintained Hold | $37 | ||
| 12/08/22 | Piper Sandler | Maintained Hold | $36 | ||
| 12/06/22 | Morgan Stanley | Maintained Hold | $38 | ||
| 11/14/22 | Citigroup Corp. | Downgraded to Hold | $40 | ||
| 10/05/22 | Morgan Stanley | Maintained Hold | $36 | ||
| 10/04/22 | Goldman Sachs | Maintained Buy | $40 | ||
| 09/12/22 | Deutsche Bank | Maintained Buy | $45 | ||
| 07/19/22 | RBC Capital Markets | Maintained Buy | $40 | ||
| 07/19/22 | Credit Suisse | Maintained Buy | $43 | ||
| 07/19/22 | Barclays Capital | Maintained Buy | $51 | ||
| 07/12/22 | Morgan Stanley | Maintained Hold | $40 | ||
| 07/01/22 | Wells Fargo & Co | Maintained Buy | $55 | ||
| 07/01/22 | Piper Sandler | Maintained Buy | $47 | ||
| 06/27/22 | Credit Suisse | Maintained Buy | $45 | ||
| 06/24/22 | Morgan Stanley | Maintained Hold | $47 | ||
| 06/14/22 | RBC Capital Markets | Maintained Buy | $45 | ||
| 04/19/22 | BMO Capital Markets | Maintained Buy | $46 | ||
| 04/05/22 | Piper Sandler | Maintained Buy | $51 | ||
| 03/28/22 | Morgan Stanley | Upgraded to Hold | $49 | ||
| 03/08/22 | Baird Patrick & Co | Upgraded to Hold | |||
| 01/20/22 | Morgan Stanley | Maintained Sell | $51 | ||
| 01/06/22 | J.P. Morgan | Maintained Buy | $52.5 | ||
| 01/03/22 | Barclays Capital | Maintained Buy | $58 | ||
| 12/06/21 | Morgan Stanley | Maintained Sell | $49 | ||
| 11/01/21 | Baird Patrick & Co | Downgraded to Sell | $42 | ||
| 10/25/21 | Wells Fargo & Co | Maintained Buy | $60 | ||
| 10/15/21 | Barclays Capital | Maintained Buy | $49 | ||
| 10/15/21 | Goldman Sachs | Maintained Buy | $50 | ||
| 10/15/21 | Oppenheimer & Co. Inc. | Maintained Buy | $51 | ||
| 10/15/21 | RBC Capital Markets | Maintained Buy | $50 | ||
| 10/07/21 | Wolfe Research | Downgraded to Hold | |||
| 09/13/21 | Odeon | Upgraded to Buy | $46.5 | ||
| 07/29/21 | Morgan Stanley | Maintained Sell | $42 | ||
| 07/16/21 | Credit Suisse | Maintained Buy | $47 | ||
| 06/15/21 | Credit Suisse | Maintained Buy | $46 | ||
| 05/04/21 | Baird Patrick & Co | Downgraded to Hold | $42 | ||
| 04/01/21 | Deutsche Bank | Maintained Buy | $44 |
Bank of America Estimates* in USD
| 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|
| Revenue | 101,286 | 103,324 | 106,451 | - |
| Dividend | - | - | 1.13 | - |
| Dividend Yield (in %) | 2.72 % | 3.02 % | 3.87 % | - |
| EPS | 3.45 | 3.73 | 4.15 | 3.77 |
| P/E Ratio | 8.47 | 7.84 | 7.05 | 7.76 |
| EBIT | 38,390 | 39,867 | 42,437 | - |
| EBITDA | - | - | - | - |
| Net Profit | 27,858 | 28,986 | 30,031 | - |
| Net Profit Adjusted | 28,297 | 29,139 | 29,571 | - |
| Pre-Tax Profit | 32,760 | 34,201 | 35,989 | - |
| Net Profit (Adjusted) | 33,792 | 35,399 | - | - |
| EPS (Non-GAAP) ex. SOE | 3.51 | 3.74 | 4.04 | - |
| EPS (GAAP) | 3.45 | 3.73 | 4.15 | 3.77 |
| Gross Income | - | - | - | - |
| Cash Flow from Investing | - | - | - | - |
| Cash Flow from Operations | - | - | - | - |
| Cash Flow from Financing | - | - | - | - |
| Cash Flow per Share | - | - | - | - |
| Free Cash Flow | - | - | - | - |
| Free Cash Flow per Share | - | - | - | - |
| Book Value per Share | 33.02 | 35.44 | 37.85 | - |
| Net Debt | - | - | - | - |
| Research & Development Exp. | - | - | - | - |
| Capital Expenditure | - | - | - | - |
| Selling, General & Admin. Exp. | - | - | - | - |
| Shareholder’s Equity | 262,978 | 270,348 | - | - |
| Total Assets | - | - | 3,070,000 | - |
|
Previous Quarter ending 12/31/22 |
Current Quarter ending 03/31/23 |
Next Quarter ending 06/30/23 |
Current Year ending 12/31/23 |
Next Year ending 12/31/24 |
|
|---|---|---|---|---|---|
| Earnings Estimates | |||||
| No. of Analysts | 22 | 19 | 19 | 25 | 25 |
| Average Estimate | 0.771 USD | 0.841 USD | 0.872 USD | 3.453 USD | 3.731 USD |
| Year Ago | 0.820 USD | 0.800 USD | 0.730 USD | 3.190 USD | 3.453 USD |
| Publish Date | 1/13/2023 | 4/18/2023 | 7/18/2023 | - | - |
| Revenue Estimates | |||||
| No. of Analysts | 18 | 15 | 15 | 20 | 20 |
| Average Estimate | 24,173 USD | 25,479 USD | 25,328 USD | 101,286 USD | 103,324 USD |
| Year Ago | 22,060 USD | 23,228 USD | 22,688 USD | 94,950 USD | 101,286 USD |
| Publish Date | 1/13/2023 | 4/18/2023 | 7/18/2023 | - | - |
* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet
Bank of America Insider Activity
| Name | Date | shares traded | shares held | Price | type (sell/buy) | option |
|---|---|---|---|---|---|---|
| MOYNIHAN BRIAN T | 03/14/2023 | 19,775.00 | 2,314,872.00 | 28.49 | Sell | No |
| MOYNIHAN BRIAN T | 03/14/2023 | 19,775.00 | 2,334,647.00 | n/a | Buy | No |
| Donofrio Paul M | 02/28/2023 | 51,402.00 | 1,017,977.00 | 34.14 | Sell | No |
| Bronstein Sheri B. | 02/28/2023 | 16,849.00 | 236,395.00 | 34.14 | Sell | No |
| Athanasia Dean C | 02/28/2023 | 39,507.00 | 431,777.00 | 34.14 | Sell | No |
| Greener Geoffrey S | 02/28/2023 | 47,501.00 | 1,178,690.00 | 34.14 | Sell | No |
| Knox Kathleen A. | 02/28/2023 | 16,081.00 | 241,480.00 | 34.14 | Sell | No |
| Mensah Bernard A | 02/28/2023 | 1,432.00 | 109,830.00 | 34.14 | Sell | No |
| Nguyen Thong M | 02/28/2023 | 40,783.00 | 506,293.00 | 34.14 | Sell | No |
| MOYNIHAN BRIAN T | 02/28/2023 | 144,942.00 | 2,314,872.00 | 34.14 | Sell | No |
| Sieg Andrew M. | 02/28/2023 | 21,749.00 | 391,831.18 | 34.14 | Sell | No |
| Donofrio Paul M | 02/28/2023 | 92,950.00 | 1,069,379.00 | n/a | Buy | No |
| Bronstein Sheri B. | 02/28/2023 | 32,920.00 | 253,244.00 | n/a | Buy | No |
| Athanasia Dean C | 02/28/2023 | 89,078.00 | 471,284.00 | n/a | Buy | No |
| Greener Geoffrey S | 02/28/2023 | 92,950.00 | 1,226,191.00 | n/a | Buy | No |
| Knox Kathleen A. | 02/28/2023 | 34,856.00 | 257,561.00 | n/a | Buy | No |
| Mensah Bernard A | 02/28/2023 | 1,432.00 | 111,262.00 | n/a | Buy | No |
| Nguyen Thong M | 02/28/2023 | 85,205.00 | 547,076.00 | n/a | Buy | No |
| MOYNIHAN BRIAN T | 02/28/2023 | 322,745.00 | 2,459,814.00 | n/a | Buy | No |
| Sieg Andrew M. | 02/28/2023 | 42,602.00 | 413,580.18 | n/a | Buy | No |
| Koder Matthew M | 02/22/2023 | 105,054.00 | 319,803.00 | 34.27 | Sell | No |
| Nguyen Thong M | 02/14/2023 | 9,768.00 | 461,871.00 | 35.56 | Sell | No |
| Nguyen Thong M | 02/14/2023 | 11,391.00 | 451,369.00 | 35.56 | Sell | No |
| Nguyen Thong M | 02/14/2023 | 15,283.00 | 438,937.00 | 35.56 | Sell | No |
| Mogensen Lauren A | 02/14/2023 | 7,847.00 | 397,059.00 | 35.56 | Sell | No |
Bank of America Dividend Calendar
| Date | Name | Dividend | *yield | Currency |
|---|---|---|---|---|
| 2022 | Bank of America Corp. | 0.86 | 2.60 | USD |
| 2021 | Bank of America Corp. | 0.78 | 1.75 | USD |
| 2020 | Bank of America Corp. | 0.72 | 2.38 | USD |
| 2019 | Bank of America Corp. | 0.66 | 1.87 | USD |
| 2018 | Bank of America Corp. | 0.54 | 2.19 | USD |
| 2017 | Bank of America Corp. | 0.39 | 1.32 | USD |
| 2016 | Bank of America Corp. | 0.25 | 1.13 | USD |
| 2015 | Bank of America Corp. | 0.20 | 1.19 | USD |
| 2014 | Bank of America Corp. | 0.12 | 0.67 | USD |
| 2013 | Bank of America Corp. | 0.04 | 0.26 | USD |
| 2012 | Bank of America Corp. | 0.04 | 0.34 | USD |
| 2011 | Bank of America Corp. | 0.04 | 0.72 | USD |
| 2010 | Bank of America Corp. | 0.04 | 0.30 | USD |
| 2009 | Bank of America Corp. | 0.04 | 0.27 | USD |
| 2008 | Bank of America Corp. | 2.24 | 15.91 | USD |
| 2007 | Bank of America Corp. | 2.40 | 5.82 | USD |
| 2006 | Bank of America Corp. | 2.12 | 3.97 | USD |
| 2005 | Bank of America Corp. | 1.90 | 4.12 | USD |
| 2004 | Bank of America Corp. | 1.70 | 3.62 | USD |
| 2003 | Bank of America Corp. | 1.44 | 3.58 | USD |
| 2002 | Bank of America Corp. | 1.22 | 3.51 | USD |
| 2001 | Bank of America Corp. | 1.14 | 3.62 | USD |
| 2000 | Bank of America Corp. | 1.03 | 4.49 | USD |
| 1999 | Bank of America Corp. | 0.93 | 3.71 | USD |
*Yield of the Respective Date
Bank of America Corp. Calendar
| Event | Estimate | Info | Date |
|---|---|---|---|
| Earnings Report | 0.841 USD | Q1 2023 Earnings Release | 04/18/2023 |
| Annual General Meeting | - | Annual General Meeting | 04/25/2023 |
| Earnings Report | 0.872 USD | Q2 2023 Earnings Release | 07/18/2023 |
| Earnings Report | - | Q3 2023 Earnings Release | 10/17/2023 |
| Earnings Report | - | Q4 2023 Earnings Release | 01/17/2024 |
| Earnings Report | - | Q1 2024 Earnings Release | 04/16/2024 |
| Earnings Report | - | Q2 2024 Earnings Release | 07/16/2024 |
| Earnings Report | - | Q3 2024 Earnings Release | 10/14/2024 |
Bank of America Corp. Past Events
| Event | Actual EPS | Info | Date |
|---|---|---|---|
| Earnings Report | 0.850 USD | Q4 2022 Earnings Release | 01/13/2023 |
| Shareholders' Meeting | - | - | 04/26/2022 |
Bank of America Profile
Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The GWIM segment offers solutions to meet clients’ needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other.
Bank of America Stock Price History by Markets Insider
Bank of America is the United States’ second-largest bank by assets. While Bank of America stock price is still nowhere near the levels it reached before the financial crisis of 2008, Bank of America stock price has still been a steady growth prospect for investors since it first took its current form in 1980. (read more)
The bank can trace its history all the way back more than 200 years to the Bank of Italy, which expanded to America in 1922. In 1980, the ticker BAC first debuted on the New York Stock Exchange.
Throughout the 1980’s, shares of Bank of America slowly chugged along, but Bank of America stock price hit an all-time-low on August 12, 1982, when they closed at $1.47. Even lower than the original IPO stock price of $1.94.
BAC stock price was relatively flat throughout the 1980s, but the thriving economic period in the 1990s would bring Bank of America and BAC stock price to the forefront of Wall Street finance.
For years, Bank of America wanted to live up to its name and become the biggest bank in the country. In 1998, it achieved that goal, when NationsBank (the only bank it was trailing) bought Bank of America but kept the name post-merger.
From 1990 to 1998, shares of Bank of America rose over six-fold, Bank of America stock price went from $4 to over $26. It is important to note that stock price data before the 1998 merger reflect historical prices of NationsBank.
As the housing market soared in the first years of the 21st century, so too did Bank of America stock price. In November 2006, Bank of America stock price would hit its all-time high of $55.08 — a record it has still yet to return to. Bank of America’s cash dividend yield during these years was also very high, making the profits even more impressive.
Shares of Bank of America once again bottomed out, though not quite a record, in February 2009, when BAC stock price again went below $4. Since then, it has slowly posted gains despite a brief hiccup in 2010 to 2012 when the bank was going through a $175+ million fraud settlement with the US government.
Bank of America CEO and President Brian Moynihan has helmed the company since the beginning of 2010 when the bank also announced it had paid off its final obligations remaining from the Wall Street bailout known as Troubled Assets Relief Program.
Bank of America is one of Warren Buffett’s top investments through Berkshire Hathaway. As of October 2017, the company owns 700 million shares of Bank of America stock, valued at over $18 billion.
Moody’s Daily Credit Risk Score
Bank of America Shareholder
| Owner | in % |
|---|---|
| Freefloat | 99.81 |
| Berkshire Hathaway, Inc. | 12.62 |
| Vanguard Group, Inc. (Subfiler) | 7.22 |
| State Street Corp. | 3.72 |
| Vanguard Total Stock Market Index Fund | 2.62 |
| Fidelity Management & Research Co. LLC | 2.23 |
| Vanguard 500 Index Fund | 2.03 |
| BlackRock Fund Advisors | 1.97 |
| BlackRock Institutional Trust Co. NA | 1.91 |
| T. Rowe Price Associates, Inc. (Investment Management) | 1.59 |
| Geode Capital Management LLC | 1.54 |
| Norges Bank (13F) | 1.30 |
| Government Pension Fund - Global (The) | 1.28 |
| Capital Research & Management Co. (World Investors) | 1.11 |
| JPMorgan Investment Management, Inc. | 1.09 |
Shareholder percentage totals can add to more than 100% because some holders are included in the free float.
Bank of America Management
| Name | Job |
|---|---|
| Mark Harris | Advisor |
| Christopher Hernandez | Assistant Vice President-Financial Solutions |
| Brian T. Moynihan | Chairman, President & Chief Executive Officer |
| Rudolf Anton Bless | Chief Accounting Officer |
| Steve D. Boland | Chief Administrative Officer |
| Christine P. Katziff | Chief Audit Executive |
| Alastair Borthwick | Chief Financial Officer |
| Sheri B. Bronstein | Chief Human Resources Officer |
| Geoffrey S. Greener | Chief Risk Officer |
| Aditya Bhasin | Chief Technology & Information Officer |
| Vijay Ralhan | Co-Head-Financial Sponsor Coverage-EMEA |
| Laurent Dhome | Co-Head-Financial Sponsor Coverage-EMEA |
| Madhu Kannan | Executive Vice Chairman-Global Corporate |
| Lauren A. Mogensen | Global General Counsel |
| Andreas Loulloupis | Global Head-Private Capital Family Office Banking |
| Woody Boueiz | Head-Sovereign Wealth Funds & Pension Investors |
| Simeon Stevens | Head-UK Corporate Banking |
| Linda Parker Hudson | Independent Director |
| Denise L. Ramos | Independent Director |
| Clayton S. Rose | Independent Director |
| Sharon L. Allen | Independent Director |
| Pierre J. P. de Weck | Independent Director |
| José E. Almeida | Independent Director |
| Thomas D. Woods | Independent Director |
| Michael D. White | Independent Director |
| Frank P. Bramble | Independent Director |
| Monica Cecilia Lozano | Independent Director |
| R. David Yost | Independent Director |
| Arnold W. Donald | Independent Director |
| Maria T. Zuber | Independent Director |
| Lee McEntire | Investor Relations Contact |
| Lionel L. Nowell | Lead Independent Director |
| John Collmer | Managing Dir. & Head-US Private Markets Business |
| Joshua Freedman | Managing Director |
| Si Hang Ma | Member-Global Advisory Council |
| Ted Janicki | President-Buffalo Market |
| Matthew Michael Koder | President-Global Corporate & Investment Banking |
| James P Demare | President-Global Markets |
| Aron Levine | President-Preferred & Consumer Banking & Invts |
| Dean C. Athanasia | President-Regional Banking |
| Mohammad Syahrial | Principal |
| Ross E. Jeffries | Secretary & Deputy General Counsel |
| Angela Rivers | Senior Vice President |
| Paul M. Donofrio | Vice Chairman |
| Thong M. Nguyen | Vice Chairman |
| David G. Leitch | Vice Chairman |
| Catherine P. Bessant | Vice Chairman-Global Strategy |
| Thomas Dawson Stoddard | Vice Chairman-Investment Banking |