Bank of America Corporation (BAC)

BAC (NYSE:Banking) EQUITY
$16.01
pos +0.20
+1.26%
Today's Range: 15.72 - 16.03 | BAC Avg Daily Volume: 95,054,800
Last Update: 03/02/15 - 4:04 PM EST
Volume: 71,243,701
YTD Performance: -11.63%
Open: $15.79
Previous Close: $15.81
52 Week Range: $14.37 - $18.21
Oustanding Shares: 10,519,566,829
Market Cap: 168,733,851,937
6-Month Chart
TheStreet Ratings Grade for BAC
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 10 9 10 10
Moderate Buy 0 0 1 1
Hold 7 7 7 7
Moderate Sell 0 0 0 0
Strong Sell 2 2 2 2
Mean Rec. 2.16 2.22 2.15 2.15
Latest Dividend: 0.05
Latest Dividend Yield: 1.25%
Dividend Ex-Date: 03/04/15
Price Earnings Ratio: 44.56
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
44.56 44.80 26.52
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-7.60% -4.12% 96.64%
GROWTH 12 Mo 3 Yr CAGR
Revenue -6.40 -0.18 -0.06
Net Income -57.70 2.34 0.49
EPS -59.20 35.00 2.26
Earnings for BAC:
EBITDA 17.79B
Revenue 95.18B
Average Earnings Estimates
Qtr (03/15) Qtr (06/15) FY (12/15) FY (12/16)
Average Estimate $0.30 $0.37 $1.42 $1.68
Number of Analysts 13 13 16 13
High Estimate $0.35 $0.39 $1.55 $1.90
Low Estimate $0.25 $0.33 $1.25 $1.50
Prior Year $-0.05 $0.31 $0.43 $1.42
Growth Rate (Year over Year) 692.31% 17.87% 231.10% 18.05%
Chart Benchmark Timeframe
Average Frequency Indicator Chart
Scale Symbol Comparison Bollinger Bands
By

Tim Melvin

 | Mar 2, 2015 | 2:00 PM EST

Community bank stocks are similar to his 1950s' purchases.

By

Doug Kass

 | Feb 27, 2015 | 11:39 AM EST
Feels like a sleepy summer Friday. I added small to iShares Nasdaq Biotechnology (IBB), SPDR S&P 500 (SPY), PowerShares QQQ (QQQ) and Microsoft (MSFT) shorts.
By

Doug Kass

 | Feb 27, 2015 | 7:28 AM EST
Apple (AAPL) rebounded from Wednesday's uncharacteristic loss and most of the Horsemen on the Nasdaq continued strong. The redirection "from old tech to new tech" that I noted earlier in the week and again by Jim "El Capitan" Cramer yesterday. Altisource Residential's (RESI) strength and news were good for the home team. Bond yields rose and that trend has continued this morning, with the yield on the 10-year U.S. note approaching 2.05%. (I shorted the iShares 20+ Year Treasury Bond (TLT) at around $129.75 to hedge the interest rate risk in my closed-end municipal bond funds). The most important company news was not cited by the business media: weakness in Bank of America (BAC) shares. After the close, UBS confirmed my 10K filing concerns that could result in an adver
By

Doug Kass

 | Feb 26, 2015 | 3:23 PM EST
Caterpillar (CAT) looks like it has a rendezvous with $80 ahead of it. CAT remains on my Best Ideas List (short). For now, the market bends but doesn't break. I will stick to my notion of a "topping process." I am a $90.75 buyer of Deere (DE). I am working on a thesis why the U.S. auto manufacturers are destined for a period of underperformance and a protracted period of market share loss from foreign exchange weak exporters and from alternative manufacturers (e.g., Tesla (TSLA)) that are improving the "driving experience." The price of crude oil, as I feared, looks like it is destined to make a double bottom and to retest recent lows (-$2.37/barrel on the day). I missed shorting some more Apple (AAPL) as the shares never traded at my level of $131. I mentioned Ocwen (OCN) traded higher on word of a large naked short put trade. What happens is that the market maker on the other side is effectively short (long puts) and is forced to buy stock on a delta-adjusted basis to "even out." New low on TLT on the day and down by about $0.50 from short sale (hedge against muni funds). New daily low on IBM (IBM). Bank of America (BAC) breaks $16, avoid. All five of my regional bank holdings are higher today. Ali Blah Blah has missed out of the Nasdaq rip. Looks lower. (Remember, BABA is on my Surprise List.) I have raised my net short exposure today -- up to 15% net short. Is Warren Buffett becoming fearful while most others have become greedy? Stay tuned to Becky's interview with The Oracle on CNBC's "Squawk Box" on Monday.
By

Doug Kass

 | Feb 26, 2015 | 2:06 PM EST
Like Bruce Willis, Apple's shares don't die hard or quickly. (The shares are trading +$1.63 after being lower earlier in the day.) The media event invitation for early March (watch) should be no surprise. I plan to add to my short at about $131/share. I suspect the net neutrality decision has been already discounted in the shares of cable companies, Netflix (NFLX), Facebook (FB), et al. The yield on the 10-year U.S. note is now back over 2.00% (up by three basis points). I shorted iShares 20+ Treasury (TLT) at $129.70 as an interest rate hedge to my closed-end municipal bond funds. Maybe the Nasdaq "has" to go to 5,000, despite being +23 handles in Nazzie futures, I continue to add to QQQ short. The redirection out of Hewlett and into Internet plays continues for the second day in a row. Again Jimmy Cramer wrote a great piece last night on this. Bank of America (BAC) is down on some concerns regarding CCAR risks in the company's 10-K. I would stay away from this name. The bank's latest quarter was god awful and it is so poorly managed. I prefer Citigroup (C) and my five smaller regional banks. RESI trades well and is at a day's high now. HLSS trades like there will be a competing and higher bid for the company. To complete the complex, OCN trades well after a multi-thousand sale of out-of-the-money puts. I expect the price of oil to be $47/barrel before $55/barrel. In reading the comments, IBM's investor day has been uninspiring. IBM remains a show-me stock. Anyone can make projections (just ask CAT's management).The presentation was long on "strategic imperatives," ecosystems, core competence, stewardship initiatives and a bunch of management consultant gobbledegook. "If you want to be short innovation, buy IBM's stock." (Hat tip Stan Druckenmiller) I am getting psyched for Warren's letter to Berkshire shareholders on Saturday morning. I am participating in a special project which analyzes The Oracle's shareholder letter with the Wall Street Journal.
By

Roger Arnold

 | Feb 18, 2015 | 4:19 PM EST

Consumer loans losing out to corporate lending.

By

Roger Arnold

 | Feb 17, 2015 | 4:00 PM EST

 The "too big to fail' rule creates advantages for money center banks.

By

Roger Arnold

 | Feb 12, 2015 | 3:30 PM EST

Look at how banks increased holdings of U.S. Treasuries.

By

Roger Arnold

 | Feb 10, 2015 | 12:00 PM EST

C&I loan growth shows profound shift in lending activity.

By

Robert Lang

 | Feb 9, 2015 | 7:00 AM EST

If there is no reason to invest or trade, then players will simply exit.

Nails a couple of oils that are in deep trouble; must read

After the close Oak announced a 4 million share secondary offering (no proceeds to the com...
Very solid day to start March as equities tack on to their gains from February. Appreciate...

I know these long-term care guys. You do not want to own these stocks..

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