Bank of America Corporation (BAC)

BAC (NYSE:Banking) EQUITY
$14.10
pos +0.05
+0.36%
Today's Range: 13.80 - 14.14 | BAC Avg Daily Volume: 122,458,000
Last Update: 05/06/16 - 4:00 PM EDT
Volume: 76,181,393
YTD Performance: -16.52%
Open: $13.83
Previous Close: $14.05
52 Week Range: $10.99 - $18.48
Oustanding Shares: 10,271,915,653
Market Cap: 145,142,168,177
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 12 11 12 12
Moderate Buy 4 4 4 4
Hold 4 4 4 3
Moderate Sell 0 0 0 0
Strong Sell 0 0 0 0
Mean Rec. 1.60 1.63 1.60 1.53
Latest Dividend: 0.05
Latest Dividend Yield: 1.42%
Dividend Ex-Date: 06/01/16
Price Earnings Ratio: 9.88
Price Earnings Comparisons:
BAC Sector Avg. S&P 500
9.88 11.00 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
8.49% -14.07% 14.79%
GROWTH 12 Mo 3 Yr CAGR
Revenue -2.20 -0.10 -0.02
Net Income 228.70 2.80 0.55
EPS 258.80 4.30 0.73
Earnings for BAC:
EBITDA 32.70B
Revenue 93.06B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $0.38 $0.35 $1.32 $1.60
Number of Analysts 11 11 12 10
High Estimate $0.43 $0.40 $1.42 $1.69
Low Estimate $0.35 $0.32 $1.24 $1.47
Prior Year $0.45 $0.37 $1.31 $1.32
Growth Rate (Year over Year) -16.57% -4.67% 0.64% 21.37%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
By

Doug Kass

 | May 3, 2016 | 6:09 PM EDT
The U.S. dollar strengthened. Crude oil dropped by nearly a dollar to close at $43.83. Nat gas rose by four cents. Gold fell by $7.20 to $1,288. $1,300 seems to be something of a hurdle.  Agricultural commodities registered big declines. Wheat -17.00, corn -12.50, soybean -15.25 and oats –5.75. Lumber -4.40. Bonds rallied smartly and yields dove. The 10-year yield declined by seven basis points to 1.79% and the long bond by six basis points to 2.66%. Municipals were well-bid and closed-end municipal bond funds rallied strongly. The high-yield bond market got hit. Blackstone/GSO Strategic Credit Fund (BGB) shed seven cents to close a bit under $14 resistance ($13.96). Banks were clipped in light of lower bond yields, with losses of 2% to 4% for Citigroup (C), Bank of America (BAC) and JPMorgan Chase (JPM). I remain short Financial Select Sector SPDR (XLF), which shed 1.3%. A good think. Life insurance was hit by the specter of reinvestment challenges in a low-rate world. Lincoln  National (LNC) and MetLife (MET) were 3% lower. Hartford Financial Services Group (HIG) held up in a relative sense. Brokers declined with concerns about reduced capital markets activity. Goldman Sachs (GS) was down $3 and Morgan Stanley (MS) off 40 cents. Retail was broadly lower; my short Nordstrom (JWN) was down 80 cents and is my only position in the space. Energy stocks suffered mightily. Schlumberger (SLB) was down $2.17 and Exxon Mobil (XOM) was off $1.02. I remain short bought. Old tech declined broadly. Staples were flattish. Autos suffered as more signs of Peak Autos reign.  Biotech was weak, with iShares Nasdaq Biotechnology ETF (IBB) down $5. I continue to see further weakness in biotech, despite some technical advice to buy here and there. Valeant (VRX) rallied by $3 after Ackman's defense on CNBC's "Fast Money Halftime." My speculative biotech basket got hammered -- thankfully, I am out. Media got hit. Comcast (CMCSA) was down 30 cents and Disney (DIS) off 60 cents. Ag equipment, which I disfavor and am short, was lower. Deere (DE) was down 90 cents and Caterpillar (CAT) down $1.50. (T)FANG's leadership now seems wobbly. Tesla (TSLA) was a standout to the downside, off $6. Amazon (AMZN) fell $13 and Netflix (NFLX) was down 2%. NOSH was mixed. O'Reilly Automotive (ORLY) was up $4 but my short Starbucks (SBUX) dropped by nearly a beaner. CRABBY was lower, led by C and Alleghany (Y), down $7. In miscellaneous stocks, Twitter (TWTR) is in the dumps and hit a new all-time low, Potash (POT) smelled funky, DuPont (DD), my fav large cap, which is extended, slipped $1.24, and Oaktree Capital Group (OAK) was down $1.14. Apple bounced $1.50 after a week of near-consecutive declines. Here is some great material on Real Money Pro today: Jim "El Capitan" Cramer on why not to sell in May and go away.  Ben "Goldfinger" Cross on why gold is struggling.   RevShark thinks the market has halitosis!  Roger Arnold on more volatility ahead.  I enjoyed reading "
By

Tim Melvin

 | May 2, 2016 | 12:00 PM EDT

Far too many people are running around trying to invest like Warren. 

By

Doug Kass

 | May 2, 2016 | 8:55 AM EDT
Warren Buffett and Charlie Munger "brought it" this weekend to the "Woodstock of Capitalists" -- the annual shareholder meeting for Berkshire Hathaway (BRK.A, BRK.B).
By

Jim Cramer

 | Apr 29, 2016 | 11:39 AM EDT

Jim Cramer says Ford finally has its day in the sun and does not agree with a downgrade from Bank of America.

By

Doug Kass

 | Apr 28, 2016 | 4:28 PM EDT
Stocks slid sharply in the final hour to finish at the day's lows after a real roller coaster of a day! Booyah! The U.S. dollar weakened. The price of crude oil rose by 63 cents to $45.96. Gold climbed by $17 to $1,267. Silver rose by 30 cents. Agricultural commodities: wheat +1.50, corn +7.00, soybean flat and oats -2.25. Bonds rose in price, declined in yield. The yield on the 10-year U.S. note dropped by three basis points to 1.83% and the long bond by only one basis points to yield 2.68%. Municipals were well-bid. Closed-end municipal bond funds were mixed. The high-yield market showed little price movement. Blackstone/GSO Strategic Credit Fund (BGB), up earlier in the day, closed down a dime. Banks are at the lows of the day. I double my XLF short today. JPMorgan Chase (JPM) and Citigroup (C) were down by about a half a beaner, while Bank of America (BAC) slid by 25 cents. Brokerages were lower. Morgan Stanley (MS) was down 30 cents and Goldman Sachs (GS) was off about $2.50. Life insurance, the object of my disaffection, got schmeissed with dollar-plus losses for MetLife (MET), Lincoln National (LNC) and Berkshire Hathaway (BRK.B). My long Hartford Financial Services Group (HIG) also was lower by a similar amount. Retail stocks were broadly lower, led by Bed, Bath & Beyond (BBBY), Home Depot (HD) and Lowe's (LOW). Short Nordstrom (JWN) was off 65 cents. Old media sank, led by IBM (IBM), down $3.35, and Microsoft (MSFT), down $1.30. Auto stocks held well, with a good gain for Ford (F), up 45 cents. Energy stocks fell despite a higher commodity price. Schlumberger (SLB) was down $1.15 and Exxon Mobil (XOM) off 80 cents. Biotech was only slightly lower. Allergan (AGN) was down a beaner. Ag equipment was under pressure, with Deere (DE) and Caterpillar (CAT) down about 1% each. Media was mixed, though Disney (DIS) was down $1.20 after a rich premium deal for Comcast (CMCSA) to acquire DreamWorks (DWA) was announced. (T)FANG was lower, save Facebook (FB), which was up nearly $8. NOSH saw all components lower. CRABBY components all were lower as well. Apple (AAPL) was a leader on the downside, off $3. Short/sell, don't hold.  Oaktree Capital Group (OAK) was lower after earnings (I'll review tomorrow). Some good stuff on Real Money Pro today: Jim "El Capitan" Cramer on the worst over for pharma.  RevShark is running with the bulls.  Tim Melvin on Carlyle Group (CG) and its tons of cash.  Tim "Not Judy or Phil" Collins on playing earnings-related volatility of Amazon (AMZN), LinkedIn (LNKD) and Expedia (EXPE).  Daniel "Oil Vey" Dicker on Hess (HES) over Pioneer Natural Resources (PXD). 

updateBAC Investor Mtg.

Apr 27, 2016 | 6:55 AM EDT

BAC - Bank of America Corp Annual Shareholders Meeting - 10AM

By

Jim Cramer

 | Apr 20, 2016 | 12:19 PM EDT

If you are looking for a broker to buy, then Bank of America is a smart choice, says Jim Cramer.

By

Jim Cramer

 | Apr 20, 2016 | 12:14 PM EDT

If forced to choose, pick Bank of America over Wells Fargo in the banking sector, says Jim Cramer.

By

Doug Kass

 | Apr 20, 2016 | 12:10 PM EDT
Banks aren't following the S&P 500's small intraday rally of about seven handles from the morning lows.
By

Jim Cramer

 | Apr 20, 2016 | 12:08 PM EDT

Jim Cramer says Hershey is a play on improving convenience store sales, and as that stock comes in and bottoms, he looks at it as a buy.

It would have been nice to see today's payroll spike reach our downside target of 2026. Su...
Netflix may be setting up for a healthy rebound. The stock is heading for a 1.5% gai...

Post on the way.

God I do long for those days as well... When the Fed anticipated a slower 18-month economi...

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