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Bank of America Corporation (BAC)

NYSE - Nasdaq Real-time price. Currency in USD
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39.15+0.41 (+1.06%)
At close: 4:00PM EDT
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Trade prices are not sourced from all markets
Previous close38.74
Open39.31
Bid39.13 x 4000
Ask39.15 x 1200
Day's range38.91 - 39.42
52-week range20.10 - 40.38
Volume60,633,444
Avg. volume55,385,395
Market cap336.288B
Beta (5Y monthly)1.58
PE ratio (TTM)16.80
EPS (TTM)2.33
Earnings date14 Jul 2021
Forward dividend & yield0.72 (1.84%)
Ex-dividend date04 Mar 2021
1y target est41.25
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  • Bank of America Joins Post-Earnings Bond Frenzy With Six-Part Debt Offering
    Bloomberg

    Bank of America Joins Post-Earnings Bond Frenzy With Six-Part Debt Offering

    (Bloomberg) -- Bank of America Corp. is poised to sell $15 billion of bonds, setting a fresh record for the largest bond sale by a bank just a day after rival JPMorgan Chase & Co. sold what was then the biggest such offering, according to data compiled by Bloomberg.Investors poured about $25 billion of orders into the deal, according to a person with knowledge of the matter, which will help BofA borrow at cheaper rates than it initially offered. JPMorgan raised $13 billion on Thursday.Major U.S. banks are pouncing on historically low rates to replenish capital and to get cheap funding and investors have responded enthusiastically. On Thursday, Goldman Sachs Group Inc. sold $6 billion of notes.Read more: Big Banks Pounce on Cheap Rates as They Bust Bond Market RecordsTreasuries rallied Thursday as JPMorgan and Goldman Sachs were selling debt, driving 30-year rates to the lowest since early March. Corporate bond yields are usually set in terms of their spread to U.S. rates.Bank of America joined other banking giants in reporting strong results from Wall Street operations on Thursday, with revenue from sales and trading rising 17% and equity underwriting fees more than tripling. The bank also released $2.7 billion in credit reserves.The longest portion of the six-part offering on Friday -- a 21-year security -- is set to yield 115 basis points above Treasuries, according to the person, who asked not to be identified as the details are private.Bank of America is the sole bookrunner on the sale, and the proceeds will be used for general corporate purposes, the person said.(Updates with deal size beginning in first paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Bank of America to Set Record for Largest Bank Bond Sale at $15 Billion
    Bloomberg

    Bank of America to Set Record for Largest Bank Bond Sale at $15 Billion

    (Bloomberg) -- Bank of America Corp. is poised to sell $15 billion of bonds, setting a fresh record for the largest bond sale by a bank just a day after rival JPMorgan Chase & Co. sold what was then the biggest such offering, according to data compiled by Bloomberg.Investors poured about $25 billion of orders into the deal, according to a person with knowledge of the matter, which will help BofA borrow at cheaper rates than it initially offered. JPMorgan raised $13 billion on Thursday.Read more: Big Banks Pounce on Cheap Rates as They Bust Bond Market RecordsFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.