BAC - Bank of America Corporation

NYSE - Nasdaq Real-time price. Currency in USD
29.22
-0.18 (-0.61%)
As of 3:49PM EDT. Market open.
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Previous close29.40
Open29.04
Bid29.26 x 27000
Ask29.27 x 47300
Day's range28.95 - 29.37
52-week range22.73 - 33.05
Volume49,935,802
Avg. volume67,795,834
Market cap296.273B
Beta1.59
PE ratio (TTM)16.95
EPS (TTM)1.72
Earnings date16 Jul 2018
Forward dividend & yield0.48 (1.64%)
Ex-dividend date2018-05-31
1y target est34.76
Trade prices are not sourced from all markets
  • Reuters1 hour ago

    Merrill Lynch to pay $42 million for misleading customers: SEC

    Bank of America Corp subsidiary Merrill Lynch will pay a $42 million penalty for lying to customers about how it handled their orders, the top U.S. securities regulator said on Tuesday. The Securities ...

  • Reuters1 hour ago

    Merrill Lynch to pay $42 million for misleading customers - U.S. SEC

    WASHINGTON (Reuters) - Bank of America Corp (BAC.N) subsidiary Merrill Lynch will pay a $42 million (£36.9 million) penalty for lying to customers about how it handled their orders, the top U.S. securities ...

  • Merrill Fined $42 Million for Hiding Where It Sent Client Orders
    Bloomberg2 hours ago

    Merrill Fined $42 Million for Hiding Where It Sent Client Orders

    Bank of America Corp.’s Merrill Lynch unit agreed to pay a $42 million penalty to settle a U.S. regulator’s allegations that it routed millions of customer orders to outside brokers, while telling them it had executed the transactions internally. From 2008 to 2013, Merrill hid that the fact that client requests to buy and sell stock were being handled by proprietary trading firms and other outside entities, the Securities and Exchange Commission said in a Tuesday order. Merrill did so after some customers specifically asked that their orders not be executed externally because they were concerned about “information leakage,” the SEC said.

  • Bloomberg2 hours ago

    Merrill Pays $42 Million Fine for Misleading Broker Clients

    Bank of America Corp.’s Merrill Lynch unit agreed to pay a $42 million penalty to settle a U.S. regulator’s allegations that it routed millions of customer orders to outside brokers, while telling them it had executed the transactions internally. From 2008 to 2013, Merrill hid that the fact that client requests to buy and sell stock were being handled by proprietary trading firms and other outside entities, the Securities and Exchange Commission said in a Tuesday order. Merrill did so after some customers specifically requested that their orders not be executed externally because they were concerned about “information leakage,” the SEC said.

  • Focusing on big bank stocks is 'missing the whole ballgame': Analyst Dick Bove
    CNBC22 hours ago

    Focusing on big bank stocks is 'missing the whole ballgame': Analyst Dick Bove

    The big bank stocks aren't having a great year, but there are plenty of opportunities beyond the largest names, says Dick Bove.

  • 3 Top Bank Stocks to Buy Right Now
    Motley Foolyesterday

    3 Top Bank Stocks to Buy Right Now

    Here are three banks well positioned to keep moving higher.

  • BofA Unit Reviews Commission-Based Retirement Accounts Ban
    Zacksyesterday

    BofA Unit Reviews Commission-Based Retirement Accounts Ban

    While re-evaluating the ban on commission in IRAs, BofA (BAC) will likely keep in mind the SEC's rulemaking process related to fiduciary rules related to financial advisors.

  • The Wall Street Journal4 days ago

    Merrill Considers Lifting Ban on Commission-Based Retirement Accounts

    Merrill Lynch may reverse a ban on commissions in retirement accounts the firm manages, marking a potentially significant retreat for a leading advocate of fee-based accounts. The brokerage arm of Bank of America Corp. banned commissions for retirement accounts in anticipation of the Labor Department’s “fiduciary rule,” which went into effect in April 2016. The regulation was meant to protect retirement savers from conflicted financial advice from brokers seeking commission income.

  • Reuters4 days ago

    Merrill Lynch reviewing ban on commissions-paying retirement accounts

    The head of Bank of America Corp's (BAC.N) Merrill Lynch Wealth Management on Friday said the firm is reconsidering an internal policy from 2017 that banned advisers from opening new retirement accounts that paid them commissions, according to a source familiar with the situation. Merrill Lynch, along with JPMorgan Chase & Co (JPM.N), moved away from brokerage retirement accounts last year, banning the opening of new ones and moving many clients into advisory accounts, in preparation for the U.S. Department of Labor's fiduciary rule.

  • BofA Weighs Allowing Commissions on Merrill Lynch Retirement Accounts
    Bloomberg4 days ago

    BofA Weighs Allowing Commissions on Merrill Lynch Retirement Accounts

    Bank of America Corp., faced with a lighter regulatory climate in the Trump era, is considering whether to reverse a decision it made two years ago to remove broker commissions from Merrill Lynch retirement accounts. The firm’s wealth-management unit may allow retirement-account customers flexibility in fee structures after a review is completed in about 60 days, bank spokesman Jerry Dubrowski said. Merrill Lynch’s top executive, Andy Sieg, made the announcement Friday to the firm’s 14,000 financial advisers.

  • Bank of America picks ex Macron adviser Mourad to run investment banking for France: sources
    Reuters4 days ago

    Bank of America picks ex Macron adviser Mourad to run investment banking for France: sources

    LONDON/PARIS (Reuters) - Bank of America (BAC.N) has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters.     Mourad, who is one of France's most well-connected bankers and made his name advising French telecoms tycoon Patrick Drahi on a string of deals to build his Altice empire, will start his new post in September, two of the sources said.

  • Bank of America picks ex Macron adviser Mourad to run investment banking for France - sources
    Reuters4 days ago

    Bank of America picks ex Macron adviser Mourad to run investment banking for France - sources

    LONDON/PARIS (Reuters) - Bank of America (BAC.N) has hired Morgan Stanley veteran Bernard Mourad, who recently worked as an adviser to French President Emmanuel Macron, as its new head of corporate and investment banking for France, three sources familiar with the matter told Reuters. Mourad, who is one of France's most well-connected bankers and made his name advising French telecoms tycoon Patrick Drahi on a string of deals to build his Altice empire, will start his new post in September, two of the sources said.

  • The Wall Street Journal4 days ago

    [$$] Merrill Considers Lifting Ban on Commission-Based Retirement Accounts

    Merrill Lynch may reverse a ban on commissions in retirement accounts the firm manages, marking a potentially significant retreat for a leading advocate of fee-based accounts. The brokerage arm of Bank of America Corp. banned commissions for retirement accounts in anticipation of the Labor Department’s “fiduciary rule,” which went into effect in April 2016. The regulation was meant to protect retirement savers from conflicted financial advice from brokers seeking commission income.

  • Tax software company Avalara nearly doubled in its first day of trading
    CNBC4 days ago

    Tax software company Avalara nearly doubled in its first day of trading

    It's another successful cloud software IPO for the tech sector, following strong debuts for Zuora, Ceridian and Dropbox.

  • How Technology Spending Is Helping Bank of America
    Market Realist4 days ago

    How Technology Spending Is Helping Bank of America

    Bank of America’s (BAC) spending has increased at a far slower pace than its revenues in recent quarters. BAC’s non-interest expenses declined 1.0% to $13.9 billion in the first quarter with an efficiency ratio of 60.0%, which was better than the industry average. The bank’s spending has increased in technology to garner better operating efficiency, penetration, and improved margins.

  • Business Wire4 days ago

    Bank of America Declares Preferred Stock Dividends

    Bank of America Corporation today announced the Board of Directors authorized a regular quarterly cash dividend of $18.125 per share on the 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L.

  • Bank of America’s Valuations Fair to Low on Growth Expectations
    Market Realist4 days ago

    Bank of America’s Valuations Fair to Low on Growth Expectations

    Bank of America (BAC) stock has risen 2.5% in the last six months and 26.4% in the last year. Bank of America has underperformed in the last month on expectations of lower trading. Bank of America has reported an improved efficiency ratio in recent quarters, helped by operating efficiency on the back of technology spending.

  • BAC’s Lower Taxes, Higher Cash Flows to Allow Distributions
    Market Realist4 days ago

    BAC’s Lower Taxes, Higher Cash Flows to Allow Distributions

    Bank of America (BAC) has enhanced its payouts since the second half of 2017 after it cleared its stress tests and built a strong balance sheet. As the Trump administration has lowered tax rates and operating cash flows have risen due to higher net interest income and non-interest income, bankers (XLF) are looking at higher repurchases to improve return on equity (or RoE). Bank of America is focusing less on an expansion of branch network globally.

  • Julian Robertson says FANG stock valuations are 'cheap' versus the market
    CNBC5 days ago

    Julian Robertson says FANG stock valuations are 'cheap' versus the market

    Julian Robertson believes the top American technology firms are the "greatest companies in the world."

  • What Could Change the Expected Rate Hike Cycle through 2020?
    Market Realist5 days ago

    What Could Change the Expected Rate Hike Cycle through 2020?

    The Fed has provided a fairly clear picture of two more rate hikes in 2018, three rate hikes in 2019, and one in 2020. Investors are anticipating an end to the rate hike cycle by the end of the first quarter of 2020. Rate hikes are subject to an inflation target of 2.1% (revised from 1.9%), the unemployment rate, and continued economic growth.

  • Why Wall Street Is Long on Bank of America amid Slow Credit
    Market Realist5 days ago

    Why Wall Street Is Long on Bank of America amid Slow Credit

    Bank of America (BAC) garnered 22 “buys” or “strong buys” from the 30 analysts covering it in June. Seven recommended “hold” ratings, and one analyst has given a “sell” rating. Bank of America’s mean price target is $34.76 per share, implying a rise of 15.8% over the next 12 months.

  • Bank of America’s Consumer Banking Rides on Interest Income
    Market Realist5 days ago

    Bank of America’s Consumer Banking Rides on Interest Income

    The Fed’s hawkish monetary policy has benefited US commercial banks (XLF) since December 2015. This policy has allowed these banks to garner improving net interest margins (or NIMs). The rate hike cycle is in line with the Federal Reserve targeting three rate hikes in 2018. As yield curves have flattened out, the cycle might end sooner than expected, possibly in 2019.

  • Why Global Reach Could Be a Profitable Option for BAC and Peers
    Market Realist5 days ago

    Why Global Reach Could Be a Profitable Option for BAC and Peers

    Credit offtake is expected to be a challenge for bankers (XLF) this year as rate hikes can dissuade borrowers from leveraging up. Retail lending is driving current credit growth due to consumer confidence and a lower unemployment rate. In the second quarter, banks can see lower credit offtake across the major sectors.

  • Does Bank of America Corporation’s (NYSE:BAC) PE Ratio Signal A Buying Opportunity?
    Simply Wall St.5 days ago

    Does Bank of America Corporation’s (NYSE:BAC) PE Ratio Signal A Buying Opportunity?

    Bank of America Corporation (NYSE:BAC) trades with a trailing P/E of 16.8x, which is lower than the industry average of 17x. While BAC might seem like an attractive stock toRead More...

  • Bloomberg6 days ago

    Bond Traders Can Get in Trouble Without Lying to Customers

    The customer would pay 70. Federal prosecutors decided that lying to your customers about the price you had paid for bonds is fraud, and that people should go to prison for it. What is surprising is that a lot of judges and juries seem to have disagreed, and recently several of these traders—who indisputably lied to customers about the prices they had paid for bonds—were either acquitted of fraud, or had their convictions tossed out by judges after juries had convicted them.

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