BAC
Bank Of America Corp. (BAC)
$31.561.38%▲
Key Stats
$30.64
Day's Range
$31.67
$30.63
52-Week Range
$49.58
| Returns | |
| 1 month return | 12.7% |
| 3 month return | 21.38% |
| 1 year return | 21.18% |
| 5 year return | 30.85% |
Company Information
Bank of America is a multinational financial services and investment bank headquartered in Charlotte, North Carolina. Bank of America is only after JP Morgan Chase in being the 2nd largest banking institution in the USA and 8th largest globally. Now Bank of America is the result of the merger of NationsBank and then BankAmerica in 1998. Bank of America lent D.E. Shaw & Co. hedge funds to run various businesses for the bank. However, after D.E. Shaw suffered significant losses in 1998 due to Russian Bond Default, October 1998 witnessed the most significant bank acquisition when NationsBank acquired BankAmerica.
The commercial banking operations of the bank are spread across all 50 states of the USA and across 40 countries. Its commercial banking service portfolio encapsulates more than 46 million consumers and small business relationships. The Bank of America found its place on spot #25 of the Fortune 500 of the largest US corporations in terms of total revenue. Apart from this, Euromoney Institutional Investor named Bank of America as the ‘World’s Best Bank’ in their 2018 Awards for Excellence.
The critical areas of operation of Bank of America are: Consumer Banking: These are primarily the banking services to retail customers, including small businesses and consumers. Global Banking: This includes Global Corporate Banking, Business Banking, Global Commercial Banking, and Global Investment Banking. Merrill Lynch operates the investment banking division Bank of America acquired after the deal closed in January 2009. Global Wealth and Investment Management: Bank of America is among the ten largest wealth managers in the USA. It includes businesses of US Trust and Merrill Lynch Global Wealth Management. Global Markets: This division offers services to clients trading in financial securities and Institutional Clients.
Currently Bank Of America Corp. has a market cap of $254.28 Billion. It has a P.E ratio of 8.97. The shares of Bank Of America Corp. are trading at $31.56.
.
| Organization | Bank Of America Corp. |
| Employees | 208000 |
| CEO | Brian Moynihan |
| Industry | Finance |
Analyst Recommendation
based on 32 analysts ratings
Buy
62%
Buy
31%
Hold
6%
Sell
Based on 32 Wall street analysts offering stock ratings for Bank Of America Corp.(by analysts ranked 0 to 5 stars)
Analyst Forecast
What analysts predicted
Upside of 64.48%Current
$31.56
Target
$51.91
Recommendation Trend
Based on 32 analyst
| Current | 1M Ago | 3M Ago | |
| Buy | 20 | 21 | 19 |
| Hold | 10 | 9 | 10 |
| Sell | 2 | 2 | 2 |
| Consensus | BUY | BUY | BUY |
Company Financials
Highlights
| Market Capitalization | 292.3B |
| Book Value | 30.37 |
| Dividend Share | 0.78 |
| Dividend Yield | 0.78 |
| Earnings Share | 3.57 |
| PE Ratio | 10.1541 |
| PEG Ratio | 3.25 |
| Wall Street Target Price | 49.16 |
Valuation
| Trailing PE | 10.15 |
| Forward PE | 11.38 |
| Price/Sales (ttm) | 3.12 |
| Price/Book (mrq) | 1.26 |
| Enterprise Value | 73.2B |
| Enterprise Value/Revenue | 0.0 |
| Enterprise Value/Ebitda | 0.0 |
Technicals
| Beta | 1.39 |
| 50 Day MA | 41.57 |
| 200 Day MA | 43.35 |
Sustainability
| Rating Date | 2019-01-01 |
| Total Esg | 34.53 |
| Total Esg Percentile | 54.88 |
| Environment Score | 7.74 |
| Environment Score Percentile | 8.0 |
| Social Score | 23.11 |
| Social Score Percentile | 8.0 |
| Governance Score | 14.68 |
| GovernanceScorePercentile | 8.0 |
| Controversy Level | 3.0 |
Institutional Holdings
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