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Bank Of America Corp.

Bank Of America Corp. share price today

(BAC)

Bank Of America Corp. share price is $46.82 & ₹3,964.95

$46.82

▲

-0.22

(-0.47%)

Market is closed - opens 8 PM, 04 Dec 2024

View live Bank Of America Corp. share price in Dollar and Rupees. Guide to invest in Bank Of America Corp. from India. Also see the sentimental analysis on Indian investors investing in Bank Of America Corp.. Get details on the Indian mutual funds that are investing in Bank Of America Corp.. Get Analyst recommendations and forecasts along with all the Bank Of America Corp.'s financials.

Bank Of America Corp. share price movements

$46.66
$47.44
$46.82
0.34%
Downside
Day's Volatility :1.64%
Upside
1.31%
$30.33
$48.08
$46.82
35.22%
Downside
52 Weeks Volatility :36.92%
Upside
2.62%

Bank Of America Corp. Returns

Period	Bank Of America Corp.	Sector (Financials)	S&P500
3 Months	16.15%	11.8%	9.5%
6 Months	17.72%	23.4%	14.3%
1 Year	53.83%	40.7%	32.3%
3 Years	6.55%	33.7%	33.2%

Bank Of America Corp. Key Statistics

in dollars & INR

Market Capitalization	$366.5B
Revenue TTM	$94.6B
Earnings Per Share (EPS)	$2.76
PE Ratio	17.21
Dividend Yield	2.19%
Profit Margin	24.95%
Quarterly Earnings Growth YOY	-0.1%
Return On Equity TTM	8.09%

How to invest in Bank Of America Corp. from India?

It is very easy for Indian residents to invest directly in Bank Of America Corp. from India. Indian investors can open a free US stocks account on the INDmoney app. You can find live prices of the Bank Of America Corp. stock in both rupees (INR) and dollars (USD). Search for Bank Of America Corp. or BAC on INDmoney app and click on Buy or SIP. You can invest by choosing quantities of shares of Bank Of America Corp. or Rupee/ Dollar value or set up a fixed SIP amount to be invested every month or week.

For example: You can easily buy Rs.100 worth of Bank Of America Corp. shares which would translate to 0.018 fractional shares of Bank Of America Corp. as of today. Learn more about fractional investing here.

Indians via INDmoney can now also, easily transfer and add their money to the US stocks account via INDmoney App. Click here for step by step process for the same

Indian investors sentiment towards Bank Of America Corp.

57.08%

Period: Sep 4, 2024 to Dec 3, 2024. Change in 30 Days versus previous period

Investment in Bank Of America Corp. from India has grown in the last 30 days as on Dec 4, 2024. 57.08% more purchase transactions for Bank Of America Corp. in the last 30 days versus the previous period.

49%

Period: Sep 4, 2024 to Dec 3, 2024. Change in 30 Days versus previous period

Search volume for Bank Of America Corp. on INDmoney from India has grown in the last 30 days as on Dec 4, 2024. 49% more investors are searching Bank Of America Corp. in the last 30 days versus the previous period.

Indian Mutual Funds that own Bank Of America Corp.

Name	Shares Held	Change in Shares	% of Assets
Motilal Oswal S&P 500 Index Fund Direct Growth	58013	1926.03	0.58%

Global Institutional Holdings in Bank Of America Corp.

Berkshire Hathaway Inc
10.40%
Vanguard Group Inc
8.60%
BlackRock Inc
6.17%
State Street Corp
3.76%
FMR Inc
2.48%
JPMorgan Chase & Co
1.95%

Analyst Recommendation on Bank Of America Corp.

Buy

53%Buy

43%Hold

3%Sell

Based on 30 Wall street analysts offering stock ratings for Bank Of America Corp.(by analysts ranked 0 to 5 stars)

Based on 30 analyst

Current
1M Ago
3M Ago

Buy

Hold

Sell

Analyst Forecast on Bank Of America Corp.

What analysts predicted

Upside of 2.08%

Current:

$46.82

Target:

$47.79

Insights on Bank Of America Corp.

Decreasing Revenue
Bank of America Corp. has experienced a decline in revenue over the last three quarters. It started at $25.81 billion and decreased to $25.34 billion. On average, this reflects a decrease of about 0.9% per quarter.
Decreasing Net Profit
Bank of America Corp. has reported a net profit of $6.89 billion for the last two quarters. There has been no change in profit over these quarters, resulting in an average decrease of 0.0% per quarter.
Vs WMT
In the last 1 year, Walmart Inc. has given 80.1% return, outperforming this stock by 27.5%
Vs WMT
In the last 3 years, Walmart Inc. has given 102.1% return, outperforming this stock by 94.9%

Bank Of America Corp. Financials in INR & Dollars

	FY18	Y/Y Change
Revenue	$87.7B	↑ 4.79%
Net Income	$28.1B	↑ 54.38%
Net Profit Margin	32.08%	↑ 10.31%

	FY19	Y/Y Change
Revenue	$85.6B	↓ 2.46%
Net Income	$27.4B	↓ 2.55%
Net Profit Margin	32.05%	↓ 0.03%

	FY20	Y/Y Change
Revenue	$74.2B	↓ 13.29%
Net Income	$17.9B	↓ 34.76%
Net Profit Margin	24.11%	↓ 7.94%

	FY21	Y/Y Change
Revenue	$89.1B	↑ 20.09%
Net Income	$32.0B	↑ 78.71%
Net Profit Margin	35.88%	↑ 11.77%

	FY22	Y/Y Change
Revenue	$95.0B	↑ 6.55%
Net Income	$27.5B	↓ 13.92%
Net Profit Margin	28.99%	↓ 6.89%

	FY23	Y/Y Change
Revenue	$98.6B	↑ 3.82%
Net Income	$26.5B	↓ 3.68%
Net Profit Margin	26.9%	↓ 2.09%

	Q2 FY23	Q/Q Change
Revenue	$25.2B	↓ 0.51%
Net Income	$7.4B	↓ 9.23%
Net Profit Margin	29.4%	↓ 2.82%

	Q3 FY23	Q/Q Change
Revenue	$25.2B	↓ 0.12%
Net Income	$7.8B	↑ 5.32%
Net Profit Margin	31.0%	↑ 1.6%

	Q4 FY23	Q/Q Change
Revenue	$20.9B	↓ 17.13%
Net Income	$3.1B	↓ 59.7%
Net Profit Margin	15.08%	↓ 15.92%

	Q1 FY24	Q/Q Change
Revenue	$25.8B	↑ 23.8%
Net Income	$6.7B	↑ 112.28%
Net Profit Margin	25.85%	↑ 10.77%

	Q2 FY24	Q/Q Change
Revenue	$25.4B	↓ 1.71%
Net Income	$6.9B	↑ 3.34%
Net Profit Margin	27.18%	↑ 1.33%

	Q3 FY24	Q/Q Change
Revenue	$25.3B	↓ 0.13%
Net Income	$6.9B	↓ 0.01%
Net Profit Margin	27.21%	↑ 0.03%

	FY18	Y/Y Change
Total Assets	$2.4T	↑ 3.21%
Total Liabilities	$2.1T	↑ 3.73%

	FY19	Y/Y Change
Total Assets	$2.4T	↑ 3.38%
Total Liabilities	$2.2T	↑ 3.83%

	FY20	Y/Y Change
Total Assets	$2.8T	↑ 15.84%
Total Liabilities	$2.5T	↑ 17.4%

	FY21	Y/Y Change
Total Assets	$3.2T	↑ 12.42%
Total Liabilities	$2.9T	↑ 13.87%

	FY22	Y/Y Change
Total Assets	$3.1T	↓ 3.76%
Total Liabilities	$2.8T	↓ 4.22%

	FY23	Y/Y Change
Total Assets	$3.2T	↑ 4.24%
Total Liabilities	$2.9T	↑ 4.0%

	Q2 FY23	Q/Q Change
Total Assets	$3.1T	↓ 2.25%
Total Liabilities	$2.8T	↓ 2.58%

	Q3 FY23	Q/Q Change
Total Assets	$3.2T	↑ 0.98%
Total Liabilities	$2.9T	↑ 0.94%

	Q4 FY23	Q/Q Change
Total Assets	$3.2T	↑ 0.86%
Total Liabilities	$2.9T	↑ 0.78%

	Q1 FY24	Q/Q Change
Total Assets	$3.3T	↑ 2.94%
Total Liabilities	$3.0T	↑ 3.18%

	Q2 FY24	Q/Q Change
Total Assets	$3.3T	↓ 0.48%
Total Liabilities	$3.0T	↓ 0.54%

	Q3 FY24	Q/Q Change
Total Assets	$3.3T	↑ 2.03%
Total Liabilities	$3.0T	↑ 2.15%

	FY18	Y/Y Change
Operating Cash Flow	$39.5B	↑ 279.89%
Investing Cash Flow	$-71.5B	↑ 37.42%
Financing Cash Flow	$53.1B	↑ 7.97%

	FY19	Y/Y Change
Operating Cash Flow	$61.8B	↑ 56.32%
Investing Cash Flow	$-80.6B	↑ 12.82%
Financing Cash Flow	$3.4B	↓ 93.64%

	FY20	Y/Y Change
Operating Cash Flow	$38.0B	↓ 38.5%
Investing Cash Flow	$-177.7B	↑ 120.35%
Financing Cash Flow	$355.8B	↑ 10436.54%

	FY21	Y/Y Change
Operating Cash Flow	$-7.2B	↓ 118.93%
Investing Cash Flow	$-313.3B	↑ 76.34%
Financing Cash Flow	$291.7B	↓ 18.03%

	FY22	Y/Y Change
Operating Cash Flow	$-6.3B	↓ 12.04%
Investing Cash Flow	$-2.5B	↓ 99.19%
Financing Cash Flow	$-106.0B	↓ 136.36%

	Q2 FY23	Q/Q Change
Operating Cash Flow	$11.8B	↓ 204.3%
Investing Cash Flow	$88.7B	↑ 187.65%
Financing Cash Flow	$-71.7B	↓ 156.85%

	Q3 FY23	Q/Q Change
Operating Cash Flow	$11.8B	↓ 0.12%
Investing Cash Flow	$28.8B	↓ 67.55%
Financing Cash Flow	$27.6B	↓ 138.54%

Bank Of America Corp. Technicals Summary

Sell

Neutral

Buy

Bank Of America Corp. is currently in a neutral trading position according to technical analysis indicators.

Bank Of America Corp. Vs Peers

Company Name	1 Month	6 Month	1 Year	3 Years	5 Years
Bank Of America Corp.	13.82%	17.72%	53.83%	6.55%	39.71%
Walmart Inc.	12.36%	38.08%	78.46%	99.94%	132.03%

Company Name	P/E Ratio	P/B Ratio	PEG Ratio	EPS	ROE	ROA	Div Yield	BVPS
Bank Of America Corp.	17.21	17.21	2.12	3.2	0.08	0.01	0.02	35.37
Walmart Inc.	38.22	38.22	2.78	6.48	0.19	0.07	0.01	10.41

Company Name	Analyst View	Market Cap	5 Years Return %	PE Ratio	Profit Margin
Bank Of America Corp.	Buy	$366.5B	39.71%	17.21	24.95%
Walmart Inc.	Buy	$743.5B	132.03%	38.22	2.34%

Bank Of America Corp. Dividend announcements

Bank Of America Corp. Dividends June, 2024
In the quarter ending June,2024. Bank Of America Corp. has declared dividend of $0.26
Read More

About Bank Of America Corp.

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 $311.7 Billion. It has a P.E ratio of 13.65. The shares of Bank Of America Corp. are trading at $47.04. .

Organization	Bank Of America Corp.
Employees	213000
CEO	Mr. Brian Thomas Moynihan
Industry	Finance

Important FAQs about investing in Bank Of America Corp. from India :

What is Bank Of America Corp. share price today?

Bank Of America Corp. (BAC) share price today is $46.82.

Can Indians buy Bank Of America Corp. shares?

Yes, Indians can invest in the Bank Of America Corp. (BAC) from India.

With INDmoney, you can buy Bank Of America Corp. at 0 brokerage. The step-by-step process is as follows:

Open your zero cost US Stocks account and zero balance IND linked savings a/c (this can be done in less than 3 minutes)
Transfer funds to your US Stocks account using your IND linked savings a/c (It takes 24 hours excluding Saturday and Sunday). With INDmoney, you get the best INR USD exchange rates.
Once funds are transferred successfully, you can buy Bank Of America Corp. at zero transaction cost.

How can I buy Bank Of America Corp. shares from India?

It is very easy to buy Bank Of America Corp. from India. With INDmoney, you can open a US stocks account in less than 3 minutes. Transfer funds in 24 hours and buy stocks very easily - that too at 0 brokerage. All this is done at 0 account opening & management fee, 0 brokerages, and at the same time you get the best rupee-US dollar exchange rate.

Can Fractional shares of Bank Of America Corp. be purchased?

Yes, you can buy fractional shares of Bank Of America Corp. with INDmoney app.

What are the documents required to start investing in Bank Of America Corp. stocks?

To start investing in Bank Of America Corp., You will need the following documents:

Proof of Identification (PAN, Aadhaar etc)
Proof of address (Aadhaar, Voter ID etc)

These documents are required as per RBI's guidelines to create your IND linked savings a/c so that you can execute for global fund transfer. The entire process is paperless and can be completed seamlessly.