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Bank of America Corp BAC Stock Quote

Morningstar Rating
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NYSE: BAC

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| Currency in USD

  • Last Close 27.27
  • Sector Financial Services
  • Industry Banks - Diversified
  • Investment Style Large Value
  • Day Range 27.17  –  27.47
  • Year Range 26.32  –  38.60
  • Market Cap 217.3333 Bil
  • Volume / Avg 2.3 Mil /  41.1 Mil
  • Price / Sales 2.21
  • Price / Book 0.85
  • Forward Div Yield 3.14%
  • Trailing Div Yield 3.29%

Morningstar‘s Stock Analysis BAC

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Lowering Our Bank of America Fair Value Estimate, but Shares Still Modestly Undervalued

Eric Compton Strategist

Business Strategy and Outlook

| Eric Compton |

The acquisitions of shaky investment bank Merrill Lynch, shady mortgage lender Countrywide Financial, and the equally dysfunctional MBNA led to a decade of troubles for Bank of America. The bank had to spend billions of dollars to settle legal and regulatory issues, and it took years to reshape the business and work through the credit losses. With all of this behind it, Bank of America has emerged as one of the preeminent U.S. banking franchises. The bank now has one of the best retail branch networks and overall retail franchises in the United States, is a Tier 1 investment bank, is a top four U.S. credit card issuer, is a top three U.S. acquirer, has a solid commercial banking franchise, and owns the Merrill Lynch franchise, which has turned into one of the leading U.S. brokerage and advisor firms.

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Key Statistics BAC

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Company Profile BAC

Business Description

Bank of America is one of the largest financial institutions in the United States, with more than $2.5 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily U.S.-focused.

Contact
100 North Tryon Street, Bank of America Corporate Center
Charlotte, NC, 28255
Sector Financial Services
Industry Banks - Diversified
Employees 216,000

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Related News BAC

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Competitors & Peers BAC

More on BAC’s Competitors & Peers

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of BAC’s competitive advantage.

Bank of America Corp

XNYS: BAC

Citigroup Inc

XNYS: C

JPMorgan Chase & Co

XNYS: JPM

Wells Fargo & Co

XNYS: WFC
Price
27.2740.46145.7840.86
Currency
USDUSDUSDUSD
Change
+$0.10 (0.37%) +$0.24 (0.60%) +$0.85 (0.59%) +$0.21 (0.52%)
Market Cap
216.70 Bil77.91 Bil423.65 Bil149.50 Bil
Industry
Banks - Diversified Banks - Diversified Banks - Diversified Banks - Diversified
Sector
Financial Services
Financial Services
Financial Services
Financial Services

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Bank of America Corp Stock

Yes. BAC has a forward dividend yield of 3.52%. See BAC’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

BAC’s market cap is 217.33 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

BAC’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

BAC’s price/sales is 2.21.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

BAC’s price/forward earnings is 7.84.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

BAC’s price/book is 0.85.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See BAC’s valuation ratios compared to the Market Index.

BAC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare BAC’s historical performance against its industry peers and the overall market.