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Bank of America is a banks-diversified business based in the US. Bank of America shares (BAC) are listed on the NYSE and all prices are listed in US Dollars. Bank of America employs 216,823 staff and has a trailing 12-month revenue of around $92.4 billion.
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| Latest market close | $36.77 |
|---|---|
| 52-week range | $29.14 - $48.97 |
| 50-day moving average | $34.38 |
| 200-day moving average | $34.38 |
| Wall St. target price | $40.92 |
| PE ratio | 11.1223 |
| Dividend yield | $0.86 (2.49%) |
| Earnings per share (TTM) | $3.19 |
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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.
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.
Historical closes compared with the close of $36.77 from 2023-02-07
| 1 week (2023-02-01) | 2.37% |
|---|---|
| 1 month (2023-01-04) | N/A |
| 3 months (2022-11-08) | -0.92% |
| 6 months (2022-08-04) | N/A |
| 1 year (2022-02-08) | -25.54% |
|---|---|
| 2 years (2021-02-08) | 12.14% |
| 3 years (2020-02-07) | 11.19% |
| 5 years (2018-02-08) | 37.93% |
Valuing Bank of America stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Bank of America's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Bank of America's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, Bank of America shares trade at around 11x 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's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 87.4797. 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's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
| Revenue TTM | $92.4 billion |
|---|---|
| Operating margin TTM | 33.51% |
| Gross profit TTM | $92.4 billion |
| Return on assets TTM | 0.89% |
| Return on equity TTM | 10.13% |
| Profit margin | 29.79% |
| Book value | $30.61 |
| Market capitalisation | $283.7 billion |
TTM: trailing 12 months
Dividend payout ratio: 26.96% of net profits
Recently Bank of America has paid out, on average, around 26.96% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.49% 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 shareholders could enjoy a 2.49% return on their shares, in the form of dividend payments. In Bank of America's case, that would currently equate to about $0.86 per share.
While Bank of America's payout ratio might seem fairly standard, it's worth remembering that Bank of America may be investing much of the rest of its net profits in future growth.
Bank of America's most recent dividend payout was on 29 December 2022. The latest dividend was paid out to all shareholders who bought their shares by 30 November 2022 (the "ex-dividend date").
Bank of America'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 shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Bank of America shares which in turn could have impacted Bank of America's share price.
Over the last 12 months, Bank of America's shares have ranged in value from as little as $29.1396 up to $48.9698. 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's is 1.4022. This would suggest that Bank of America'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, 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 December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. The company was founded in 1784 and is based in Charlotte, North Carolina.
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