BAC - Bank of America Corporation

NYSE - Nasdaq Real-time price. Currency in USD
29.98
-0.23 (-0.76%)
As of 2:49PM EDT. Market open.
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Previous close30.21
Open30.01
Bid30.02 x 1800
Ask30.03 x 1000
Day's range29.88 - 30.17
52-week range22.07 - 33.05
Volume30,908,026
Avg. volume66,967,187
Market cap303.979B
Beta1.62
PE ratio (TTM)17.39
EPS (TTM)1.72
Earnings date16 Jul 2018
Forward dividend & yield0.48 (1.57%)
Ex-dividend date2018-05-31
1y target est34.88
Trade prices are not sourced from all markets
  • The Wall Street Journal1 hour ago

    [$$] Teen Retailer Rue21 Gets Some Help From Bank of America

    has thrown a lifeline to Rue21 allowing the fresh-out-of-bankruptcy teen retailer stock up for the coming back-to-school season just as it failed to get an extra $25 million loan from Pathlight Capital, according to people familiar with the matter. Bank of America, Rue21 Inc.’s lender, has agreed to upsize its loan to the teen retailer, after the company’s effort to sign up a separate junior loan from Pathlight Capital failed collapsed when lenders vetoed the move, people familiar with the matter said. Rue21’s revolver lender, Bank of America, however, has recently upsized its asset-based loan to the retailer to close to $140 million, from $125 million, according to the people.

  • Wells Fargo Stock Delivering Payout Yields amid Weak Performance
    Market Realist4 hours ago

    Wells Fargo Stock Delivering Payout Yields amid Weak Performance

    Wells Fargo (WFC) has delivered stable profitability since the beginning of 2017 helped by rates and lower taxes in 2018. The bank has maintained high dividend yields and repurchases in order to boost return on equity (or RoE). It has relatively high capital adequacy ratios and has passed recent stress tests. However, a further hike in payouts will depend on its growth in operating performance. Amid rising rates and lower taxes, credit offtake has been weaker.

  • How Monetary Policy and the Yield Curve Are Shaping Up in 2018
    Market Realist6 hours ago

    How Monetary Policy and the Yield Curve Are Shaping Up in 2018

    The Federal Reserve is expected to increase the Fed funds rate two more times in 2018. The yield curve is flattening, indicating a smaller difference between short-term and long-term interest rates. This has happened because the Fed has pushed for higher short-term rates with no major uptick in long-term rates. A flattening yield curve is a cause for concern, as it indicates weaker expectations from long-term equity and debt assets.

  • What to Make of North Korea, Trade Wars, and Rate Hikes
    Market Realist6 hours ago

    What to Make of North Korea, Trade Wars, and Rate Hikes

    President Trump has canceled the scheduled meeting with North Korea’s Kim Jong-un on June 12. The Trump administration and China have achieved consensus in their trade war negotiations, with China agreeing to import natural gas to the tune of $50 billion annually as well as increase agricultural imports by ~30%.

  • How Trump Administration Policies Are Driving Wells Fargo’s Results
    Market Realist7 hours ago

    How Trump Administration Policies Are Driving Wells Fargo’s Results

    The Trump administration is pushing for policy changes on multiple fronts like tax cuts, trade wars, a push for domestic manufacturing, changes in the Dodd-Frank Act, and immigration policies. Overall, the policies are directed towards improving manufacturing growth and improving operating cash flows for companies in the US. Banks (XLF) with a major domestic presence including Wells Fargo (WFC) and JPMorgan (JPM) are expected to benefit from these policies due to a boost to credit growth.

  • The Wall Street Journal15 hours ago

    [$$] Merrill Lynch Brokers Face Pay Clawbacks

    Some Merrill Lynch brokers are bracing for a pay cut this summer as the firm’s parent, Bank of America Corp., rolls out a new compensation program that punishes advisers who don’t meet certain sales targets. The new plan is stirring some discord inside Merrill, in part because it emphasizes cross-selling outside brokers’ traditional role. “It’s going to be ugly,” said one longtime Merrill broker who has spent recent weeks grousing with colleagues about the changes.

  • How Rate Hikes Are Affecting Wells Fargo
    Market Realist23 hours ago

    How Rate Hikes Are Affecting Wells Fargo

    Wells Fargo (WFC) benefited alongside other bankers from rising rates, which resulted in better rate spreads for existing loan books. The bank continues to command the highest net interest margins (or NIMs) among peers (XLF). However, rate hikes going forward aren’t expected to boost margins, and will instead put pressure on further lending due to higher interest rates.

  • Wells Fargo Stock Sees Impact of Weaker Retail Lending
    Market Realistyesterday

    Wells Fargo Stock Sees Impact of Weaker Retail Lending

    Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover? Wells Fargo (WFC) continues to see a contraction in its loan book in recent quarters mainly due to strict underwriting guidelines and repayments from existing clientele. Overall banks (XLF) are facing difficulty in expanding their loan books amid rising interest rates, which has pushed corporates to reduce leverage.

  • Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover?
    Market Realistyesterday

    Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover?

    Wells Fargo (WFC) has had a flat operating performance over the past six quarters compared to the stellar performances by its industry peers (XLF) mainly due to controversies involving the fake account opening scam and the latest news about the alteration of internal records. The bank is finding it difficult to shore up its loan book amid such controversies, and its efforts to bump up its integrity through new marketing campaigns are being derailed. The stock has tanked 9.6% over the past one quarter owing to weaker performance and continued controversies surrounding employee culture.

  • The Wall Street Journalyesterday

    [$$] Bank of America Says It Has a Claim on Assets Sought by Applebee's Parent

    Corp. is fighting back against Applebee’s International Inc.’s move last week to seize control of a bankrupt franchisee’s operations, saying it has a claim on the operator’s leases, equipment and inventory. Inc., the publicly traded parent of the Applebee’s Neighborhood Grill & Bar restaurant chain, last week asked the U.S. Bankruptcy Court in Wilmington, Del., to clear a path for it to possibly seize its restaurants from RMH Franchise Holdings Inc., saying the operator of 159 restaurants in 15 states has been delinquent on royalty and advertising payments. Dine Brands last week asked Judge Brendan Shannon to lift the automatic stay of RMH, which filed for chapter 11 reorganization May 8.

  • Reuters - UK Focus2 days ago

    Top banks' Q1 commodities revenue jumps 48 pct -report

    Commodities-related revenue at the 12 biggest investment banks in the first quarter jumped 48 percent year on year driven by the U.S. energy sector and commodity indices, consultancy Coalition said on ...

  • Markets Right Now: Stocks shake off weak start, end higher
    Associated Press2 days ago

    Markets Right Now: Stocks shake off weak start, end higher

    The latest on developments in financial markets (all times local): 4 p.m. U.S. stocks turned higher and finished with small gains after the Federal Reserve indicated it's not in a hurry to raise interest ...

  • Stocks to open lower, Trump’s ‘not satisfied’ over trade talks with China
    Yahoo Finance2 days ago

    Stocks to open lower, Trump’s ‘not satisfied’ over trade talks with China

    Yahoo Finance's LIVE market coverage and analysis of what you need to watch in the stock market begins each day at 9:25 a.m. ET.

  • Take Advantage of Higher Interest Rates With These 2 Stocks
    Motley Fool2 days ago

    Take Advantage of Higher Interest Rates With These 2 Stocks

    Thanks to rising interest rates, these two stocks could be long-term bargains.

  • Amazon can go big in finance but is unlikely to open a bank, Goldman says
    CNBC3 days ago

    Amazon can go big in finance but is unlikely to open a bank, Goldman says

    Amazon has a huge opportunity in expanding its financial services, but it likely won't build a standalone banking operation, Goldman Sachs wrote in a report Tuesday.

  • Rep. Jeb Hensarling: Displeased shareholders are 'free to leave' banks that cut off gunmakers
    CNBC3 days ago

    Rep. Jeb Hensarling: Displeased shareholders are 'free to leave' banks that cut off gunmakers

    "There are plenty of other banks out there who respect the Second Amendment, perhaps even more," the chairman of the House Financial Services Committee says.

  • Goldman: Don't worry about rising interest rates until the 10-year yield hits 4%
    CNBC4 days ago

    Goldman: Don't worry about rising interest rates until the 10-year yield hits 4%

    David Kostin, Goldman's chief U.S. equity strategist, says investors should not worry about rising interest rates until the 10-year Treasury yield zeroes in on 4 percent.

  • Is Bank of America Corporation a Buy?
    Motley Fool4 days ago

    Is Bank of America Corporation a Buy?

    Despite a big upward move over the past few years, here's why Bank of America could still be a nice addition to your portfolio.

  • Your Complete Guide to Investing in Bank Stocks
    Motley Fool5 days ago

    Your Complete Guide to Investing in Bank Stocks

    All you really need to know about investing in bank stocks in one place.

  • Better Buy: BofI Holding, Inc. vs. Bank of America
    Motley Fool6 days ago

    Better Buy: BofI Holding, Inc. vs. Bank of America

    In this David vs. Goliath battle, which bank will win?

  • Reuters6 days ago

    U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA

    The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists. The attack by Gun Owners of America and the National Rifle Association (NRA) could imperil de-regulatory gains the banks had hoped to win from Republican lawmakers and regulators, many of whom are staunch defenders of the Second-Amendment right to bear arms, according to industry sources. In March, Citigroup put restrictions on new retail business clients which sell guns to require their customers to pass background checks, following February's Florida high school shooting that killed 17 people.

  • Bank of America's AI assistant is ready to help with your finances
    Engadget7 days ago

    Bank of America's AI assistant is ready to help with your finances

    We've been expecting voice-powered virtual assistants in financial apps for a

  • U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA
    Reuters7 days ago

    U.S. gun lobby takes aim at 'gun-hating' banks Citi, BofA

    The U.S. gun lobby is taking aim at "gun-hating" banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists. The attack by Gun Owners of America and the National Rifle Association (NRA) could imperil de-regulatory gains the banks had hoped to win from Republican lawmakers and regulators, many of whom are staunch defenders of the Second-Amendment right to bear arms, according to industry sources. In March, Citigroup put restrictions on new retail business clients which sell guns to require their customers to pass background checks, following February's Florida high school shooting that killed 17 people.

  • U.K. Economy Grows 0.1% in 1Q as Consumer Spending Slows
    Bloomberg Video9 hours ago

    U.K. Economy Grows 0.1% in 1Q as Consumer Spending Slows

    May.25 -- Kamal Sharma, director of G10 FX strategy at Bank of America Merrill Lynch, examines first-quarter U.K. economic growth with Bloomberg's Francine Lacqua on "Bloomberg Surveillance."

  • Talks at GS: Goldman Sachs CEO Lloyd Blankfein interviews GM CEO Mary Barra
    Yahoo Finance Video2 days ago

    Talks at GS: Goldman Sachs CEO Lloyd Blankfein interviews GM CEO Mary Barra

    Goldman Sachs CEO Lloyd Blankfein interviews GM CEO Mary Barra

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