Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
How to buy Bank of America (BAC) stocks
Learn how to easily invest in Bank of America stocks.
Bank of America is a banks-diversified business based in the US. Bank of America stocks (BAC.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $27.78 – an increase of 1.41% over the previous week. Bank of America employs 217,000 staff and has a trailing 12-month revenue of around $94.5 billion.
How to buy Bank of America stock
- Choose a stock trading platform. Use our comparison table or choose from our Top Picks below.
- Open an account. Provide your personal information and sign up.
- Fund your account. Deposit funds unto your account by linking your banking information or transfer funds from another trading account.
- Search for the stock name – BAC. Search for the stock by name or ticker symbol.
- Buy the stock. Place your order. It's that simple.
National Bank Direct Brokerage
- Commission-free trading
- Several account types available
- Access to array of research tools
CIBC Investor's Edge
- Easy to use platform
- Low fees
- Student and young investor discounts
- Access to international stock exchanges
- Low margin rates
- Powerful research tools
What's in this guide?
- Can I buy shares in Bank of America?
- Has coronavirus impacted Bank of America shares?
- Bank of America shares summary
- Compare share dealing platforms
- Is Bank of America stock a buy or sell?
- Bank of America performance over time
- Is Bank of America suitable for ethical investing?
- Are Bank of America shares over-valued?
- Bank of America's financials
- How volatile are Bank of America shares?
- Does Bank of America pay a dividend?
- Have Bank of America shares ever split?
- Other common questions
Bank of America stock price (NYSE:BAC)Use our graph to track the performance of BAC stocks over time.
Bank of America shares at a glance
|Latest market close||$28.71|
|52-week range||$26.32 - $38.13|
|50-day moving average||$28.37|
|200-day moving average||$32.71|
|Wall St. target price||$36.40|
|Dividend yield||$0.87 (3.11%)|
|Earnings per share (TTM)||$3.33|
Buy Bank of America stocks from these online trading platformsCompare special offers, low fees and a wide range of investment options among top trading platforms.
Note: The dollar amounts in the table below are in Canadian dollars.
Is it a good time to buy Bank of America 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.
Bank of America price performance over time
Historical closes compared with the close of $28.71 from 2023-06-02
|1 week (2023-05-25)||1.92%|
|1 month (2023-05-03)||3.05%|
|3 months (2023-02-27)||N/A|
|6 months (2022-11-29)||N/A|
|1 year (2022-06-02)||-21.77%|
|2 years (2021-06-03)||-33.62%|
|3 years (2020-06-03)||10.47%|
|5 years (2018-06-01)||29.4|
Is Bank of America stock undervalued or overvalued?
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 P/E ratio
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 8x. In other words, Bank of America shares trade at around 8x 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 PEG ratio
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.
Bank of America financials
|Revenue TTM||$94.5 billion|
|Operating margin TTM||34.04%|
|Gross profit TTM||$92.4 billion|
|Return on assets TTM||0.89%|
|Return on equity TTM||10.47%|
|Market capitalisation||$225.2 billion|
TTM: trailing 12 months
Bank of America'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.
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'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's overall score of 34.53 (as at 01/01/2019) 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 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's environmental score
Environmental score: 7.74/100
Bank of America'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 is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Bank of America's social score
Social score: 23.11/100
Bank of America'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 is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Bank of America's governance score
Governance score: 14.68/100
Bank of America's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Bank of America 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'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 scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Bank of America hasn't always managed to keep its nose clean.
Bank of America share dividends
Dividend payout ratio: 26.04% of net profits
Recently Bank of America has paid out, on average, around 26.04% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.11% 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 3.11% return on their shares, in the form of dividend payments. In Bank of America's case, that would currently equate to about $0.87 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 30 June 2023. The latest dividend was paid out to all shareholders who bought their shares by 1 June 2023 (the "ex-dividend date").
Have Bank of America's shares ever split?
Bank of America's shares were split on a 2:1 basis on 30 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.
Bank of America share price volatility
Over the last 12 months, Bank of America's shares have ranged in value from as little as $26.32 up to $38.1284. 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 1.3783. 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 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. The company was founded in 1784 and is based in Charlotte, North Carolina. .
Stocks similar to Bank of America
Bank of America in the news
JPMorgan COO: 'There will be a recession at some point'
15 Most Affordable Places to Retire on the East Coast
Frequently asked questions
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
More on investing
How do ETFs work?
Your guide to how ETFs work and whether this type of investment is right for you.Read more…
Best stock app for beginners for 2023
The best stock trading app for beginners is easy to use and offers free trades.Read more…
How to read stock charts
Learning how to read stock charts and recognize chart patterns can unlock your success as a trader.Read more…
More guides on Finder
Best bad credit loans in PEI
Compare some of the best bad credit loans in PEI.
Your guide to the features, interest rates and fees to expect when you apply for a short-term loan with Credito.
5 apps like Bree in Canada
Pay for unexpected bills and avoid overdrafts when you sign up for apps like Bree.
Debt Relief Canada (reliefcanada.ca) review
Take a closer look at the debt relief solutions, features and fees of Debt Relief Canada.
Desjardins Online Brokerage (Disnat) review 2023
Learn more about Desjardins Online Brokerage (Disnat) to see if it’s the right broker for you.
Guide to finding the best prepaid card in Canada in June 2023
We show you the best prepaid credit cards in Canada, whether you’re looking for a prepaid card with no fees, cash back rewards, or travel perks, or more.
How to buy Sui (SUI) in Canada
This guide provides step-by-step instructions on how to buy Sui, lists some exchanges where you can get it and provides daily price data on (SUI).
5 apps like Nyble in Canada
Compare apps like Nyble in Canada to access emergency funding.
Your guide to buying and financing a car in Canada with RightRide.
Compare bad credit car loans in BC
Your guide to bad credit car loans in BC and how to find the right financing for your needs.