How to buy Bank of America Corporation stock

Bank of America Corporation is a banks-diversified business based in the US. Bank of America Corporation shares (BAC) are listed on the NYSE and all prices are listed in US Dollars. Bank of America Corporation employs 212,000 staff and has a trailing 12-month revenue of around 0.00.

Bank of America Corporation share price

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Bank of America Corporation shares at a glance

• Key figures

Information last updated 2021-05-07.

52-week range	$19.60 - $42.25
50-day moving average	$39.33
200-day moving average	$32.76
Wall St. target price	$42.95
PE ratio	18.0107
Dividend yield	$0.72 (1.71%)
Earnings per share (TTM)	$2.33

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Is it a good time to buy Bank of America Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Bank of America Corporation by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Bank of America Corporation under- or over-valued?

Valuing Bank of America Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Bank of America Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Bank of America Corporation's P/E ratio

Bank of America Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 18x. In other words, Bank of America Corporation shares trade at around 18x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Bank of America Corporation's PEG ratio

Bank of America Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.5149. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Bank of America Corporation's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Bank of America Corporation financials

Revenue TTM	$80.9 billion
Operating margin TTM	29.22%
Gross profit TTM	$74.2 billion
Return on assets TTM	0.79%
Return on equity TTM	8.14%
Profit margin	27.12%
Book value	$29.07
Market capitalisation	$359.6 billion

TTM: trailing 12 months

Shorting Bank of America Corporation shares

There are currently 83.5 million Bank of America Corporation shares held short by investors – that's known as Bank of America Corporation's "short interest". This figure is 0.3% down from 83.8 million last month.

There are a few different ways that this level of interest in shorting Bank of America Corporation shares can be evaluated.

Bank of America Corporation's "short interest ratio" (SIR)

Bank of America Corporation's "short interest ratio" (SIR) is the quantity of Bank of America Corporation shares currently shorted divided by the average quantity of Bank of America Corporation shares traded daily (recently around 58.0 million). Bank of America Corporation's SIR currently stands at 1.44. In other words for every 100,000 Bank of America Corporation shares traded daily on the market, roughly 1440 shares are currently held short.

However Bank of America Corporation's short interest can also be evaluated against the total number of Bank of America Corporation shares, or, against the total number of tradable Bank of America Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Bank of America Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Bank of America Corporation shares in existence, roughly 10 shares are currently held short) or 0.0111% of the tradable shares (for every 100,000 tradable Bank of America Corporation shares, roughly 11 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Bank of America Corporation.

Find out more about how you can short Bank of America Corporation stock.

Bank of America Corporation's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Bank of America Corporation.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Bank of America Corporation's total ESG risk score

Total ESG risk: 34.53

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Bank of America Corporation's overall score of 34.53 (as at 12/31/2018) is nothing to write home about – landing it in it in the 55th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Bank of America Corporation is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Bank of America Corporation's environmental score

Environmental score: 7.74/100

Bank of America Corporation's environmental score of 7.74 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Bank of America Corporation is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Bank of America Corporation's social score

Social score: 23.11/100

Bank of America Corporation's social score of 23.11 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Bank of America Corporation is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Bank of America Corporation's governance score

Governance score: 14.68/100

Bank of America Corporation's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Bank of America Corporation is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Bank of America Corporation's controversy score

Controversy score: 3/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Bank of America Corporation scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Bank of America Corporation hasn't always managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Bank of America Corporation was last rated for ESG on: 2019-01-01.

Total ESG score	34.53
Total ESG percentile	54.88
Environmental score	7.74
Environmental score percentile	8
Social score	23.11
Social score percentile	8
Governance score	14.68
Governance score percentile	8
Level of controversy	3

Bank of America Corporation share dividends

Dividend payout ratio: 30.9% of net profits

Recently Bank of America Corporation has paid out, on average, around 30.9% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.71% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Bank of America Corporation shareholders could enjoy a 1.71% return on their shares, in the form of dividend payments. In Bank of America Corporation's case, that would currently equate to about $0.72 per share.

While Bank of America Corporation's payout ratio might seem fairly standard, it's worth remembering that Bank of America Corporation may be investing much of the rest of its net profits in future growth.

Bank of America Corporation's most recent dividend payout was on 24 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 2 June 2021 (the "ex-dividend date").

Have Bank of America Corporation's shares ever split?

Bank of America Corporation's shares were split on a 2:1 basis on 29 August 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Bank of America Corporation shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Bank of America Corporation shares which in turn could have impacted Bank of America Corporation's share price.

Bank of America Corporation share price volatility

Over the last 12 months, Bank of America Corporation's shares have ranged in value from as little as $19.6025 up to $42.25. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Bank of America Corporation's is 1.5722. This would suggest that Bank of America Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Bank of America Corporation overview

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of April 15, 2021, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 17,000 ATMs; and digital banking platforms with approximately 40 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.

Frequently asked questions

• What percentage of Bank of America Corporation is owned by insiders or institutions?

  Currently 0.115% of Bank of America Corporation shares are held by insiders and 72.77% by institutions.

• How many people work for Bank of America Corporation?

  Latest data suggests 212,000 work at Bank of America Corporation.

• When does the fiscal year end for Bank of America Corporation?

  Bank of America Corporation's fiscal year ends in December.

• Where is Bank of America Corporation based?

  Bank of America Corporation's address is: Bank of America Corporate Center, Charlotte, NC, United States, 28255

• What is Bank of America Corporation's ISIN number?

  Bank of America Corporation's international securities identification number is: US0605051046

• What is Bank of America Corporation's CUSIP number?

  Bank of America Corporation's Committee on Uniform Securities Identification Procedures number is: 060505104