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How to buy Bank of America Corporation shares | $31.205
Own Bank of America Corporation shares in just a few minutes. Share price changes are updated daily.
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Bank of America Corporation (BAC) is a leading banks-diversified business based in the US. It opened the day at $31.34 after a previous close of $31.16. During the day the price has varied from a low of $31.0201 to a high of $31.43. The latest price was $31.205 (25 minute delay). Bank of America Corporation is listed on the NYSE and employs 212,505 staff. All prices are listed in US Dollars.
How to buy shares in Bank of America Corporation
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: BAC in this case.
- Research Bank of America Corporation shares. The platform should provide the latest information available.
- Buy your Bank of America Corporation shares. It's that simple.
What's in this guide?
- Can I buy shares in Bank of America Corporation?
- Has coronavirus impacted Bank of America Corporation shares?
- Bank of America Corporation shares summary
- Compare share dealing platforms
- Is Bank of America Corporation stock a buy or sell?
- Bank of America Corporation performance over time
- Can I short Bank of America Corporation shares?
- Is Bank of America Corporation suitable for ethical investing?
- Are Bank of America Corporation shares over-valued?
- Bank of America Corporation's financials
- How volatile are Bank of America Corporation shares?
- Does Bank of America Corporation pay a dividend?
- Have Bank of America Corporation shares ever split?
- Other common questions
How has Coronavirus impacted Bank of America Corporation's share price?
Since the stock market crash in March caused by coronavirus, Bank of America Corporation's share price has had significant negative movement.
Its last market close was $31.55, which is 8.18% down on its pre-crash value of $34.36 and 75.77% up on the lowest point reached during the March crash when the shares fell as low as $17.95.
If you had bought $1,000 worth of Bank of America Corporation shares at the start of February 2020, those shares would have been worth $548.37 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $956.91.
Bank of America Corporation share price
Use our graph to track the performance of BAC stocks over time.Bank of America Corporation shares at a glance
Information last updated 2021-01-26.
| Open | $31.34 |
|---|---|
| High | $31.43 |
| Low | $31.0201 |
| Close | $31.205 |
| Previous close | $31.16 |
| Change | $0.045 |
| Change % | 0.144% |
| Volume | 23,857,462 |
Information last updated 2021-01-24.
| 52-week range | $17.5928 - $34.5241 |
|---|---|
| 50-day moving average | $30.5973 |
| 200-day moving average | $26.5616 |
| Wall St. target price | $35.24 |
| PE ratio | 16.8717 |
| Dividend yield | $0.72 (2.28%) |
| Earnings per share (TTM) | $1.87 |
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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.
Bank of America Corporation price performance over time
Historical closes compared with the last close of $31.205
| 1 week (2021-01-19) | -4.78% |
|---|---|
| 1 month (2020-12-24) | 4.16% |
| 3 months (2020-10-26) | 27.16% |
| 6 months (2020-07-24) | 28.15% |
| 1 year (2020-01-24) | -6.96% |
|---|---|
| 2 years (2019-01-25) | 5.49% |
| 3 years (2018-01-26) | -3.09% |
| 5 years (2016-01-26) | 134.45% |
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 17x. In other words, Bank of America Corporation shares trade at around 17x 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.
However, Bank of America Corporation's P/E ratio is best considered in relation to those of others within the banks-diversified industry or those of similar companies.
- Citigroup (C.US): 12.58
- HSBC (HSBA.LSE): 26.97
- Morgan Stanley (MS.US): 11.48
- The Goldman Sachs Group (GS.US): 11.70
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 1.0887. 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.
However, it's sensible to consider Bank of America Corporation's PEG ratio in relation to those of similar companies.
- Citigroup (C.US): 1.64
- HSBC (HSBA.LSE): 0.58
- Morgan Stanley (MS.US): 0.98
- The Goldman Sachs Group (GS.US): 2.12
Bank of America Corporation financials
| Revenue TTM | $74.2 billion |
|---|---|
| Operating margin TTM | 25.6% |
| Gross profit TTM | $74.2 billion |
| Return on assets TTM | 0.68% |
| Return on equity TTM | 6.66% |
| Profit margin | 24.11% |
| Book value | $28.716 |
| Market capitalisation | $272.9 billion |
TTM: trailing 12 months
How to short and sell Bank of America Corporation shares
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "BAC.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 73.5 million Bank of America Corporation shares held short by investors – that's known as Bank of America Corporation's "short interest". This figure is 0.1% down from 73.6 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 47.5 million). Bank of America Corporation's SIR currently stands at 1.55. In other words for every 100,000 Bank of America Corporation shares traded daily on the market, roughly 1550 shares are currently held short.
To gain some more context, you can compare Bank of America Corporation's short interest ratio against those of similar companies.
- Citigroup (C.US): 1.24
- Morgan Stanley (MS.US): 2.9
- The Goldman Sachs Group (GS.US): 1.67
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 0.0096% of the tradable shares (for every 100,000 tradable Bank of America Corporation shares, roughly 10 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 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 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.).
To gain some more context, you can compare Bank of America Corporation's total ESG risk score against those of similar companies.
- Citigroup (C.US): 29.34
- HSBC (HSBA.LSE): 26.14
- Morgan Stanley (MS.US): 21.96
- The Goldman Sachs Group (GS.US): 36.08
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. A high-profile company, 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.
Wondering how that compares? Below are the controversy scores of similar companies.
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: 27.59% of net profits
Recently Bank of America Corporation has paid out, on average, around 27.59% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.28% 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 2.28% 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 26 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 4 March 2021 (the "ex-dividend date").
Bank of America Corporation's dividend payout ratio is perhaps best considered in relation to those of similar companies.
- Citigroup (C.US): 29.39%
- HSBC (HSBA.LSE): 122.59%
- Morgan Stanley (MS.US): 17.65%
- The Goldman Sachs Group (GS.US): 13.78%
Have Bank of America Corporation's shares ever split?
Bank of America Corporation'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 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 $17.5928 up to $34.5241. 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 1.5956. 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).
To put Bank of America Corporation's beta into context you can compare it against those of similar companies.
- Citigroup (C.US): 1.9517
- HSBC (HSBA.LSE): 0.5735
- Morgan Stanley (MS.US): 1.5783
- The Goldman Sachs Group (GS.US): 1.4984
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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. It operates in Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets segments. The Consumer Banking segment offers traditional and money market savings accounts, CDs 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 GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions, as well as customized solutions, including specialty asset management services. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, fixed-income, and mortgage-related products. As of May 7, 2020, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 16,900 ATMs; and digital banking platforms with approximately 39 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.
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