Last ¥1,801 JPY
Change Today +6.00 / 0.33%
Volume 3.3K
8648 On Other Exchanges
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As of 12:42 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

bank of america corp (8648) Snapshot

Open
¥1,830
Previous Close
¥1,795
Day High
¥1,841
Day Low
¥1,797
52 Week High
12/30/14 - ¥2,197
52 Week Low
05/22/14 - ¥1,452
Market Cap
18.9T
Average Volume 10 Days
3.0K
EPS TTM
--
Shares Outstanding
10.5B
EX-Date
12/3/14
P/E TM
--
Dividend
¥0.20
Dividend Yield
0.74%
Current Stock Chart for BANK OF AMERICA CORP (8648)

bank of america corp (8648) Details

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The company’s Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The company’s Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. Its Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company’s Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company was founded in 1874 and is based in Charlotte, North Carolina.

223,715 Employees
Last Reported Date: 01/15/15
Founded in 1874

bank of america corp (8648) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.5M
Chief Financial Officer
Total Annual Compensation: $5.3M
Chief Operating Officer
Total Annual Compensation: $6.8M
Vice Chairman
Total Annual Compensation: $4.6M
Head of Compliance & Regulatory Relations and...
Total Annual Compensation: $4.1M
Compensation as of Fiscal Year 2013.

bank of america corp (8648) Key Developments

Bank of America Announces Opening of New Branches

Bank of America celebrated the opening of a branch in a new market. On January 21, 2015, the Charlotte bank cut the ribbon on a branch in Denver, Colo., its first in that state. More branches will open in Colorado later in the year 2015. In addition, the bank plans to open its first branch in Minnesota during the second quarter. That branch will go in Minneapolis and be followed by other branches the bank plans to open in the Minneapolis-St. Paul area over the next two years.

Bank of America Corporation Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Net Charge-Offs for the Quarter Ended December 31, 2014

Bank of America Corporation announced earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenues, net of interest expense, fully taxable-equivalent basis (FTE) of $18,955 million compared with $21,701 million for the same period a year ago. Total revenue, net of interest expense, FTE basis, excluding DVA and FVO was $19,581 million compared with $22,319 million for the same period a year ago. Net income applicable to common shareholders was $2,738 million or $0.25 per diluted share compared with $3,183 million or $0.29 per diluted share for the same period a year ago. Return on average assets was 0.57% compared to 0.64% a year ago. Return on average tangible common shareholders’ equity was 7.15 % compared to 8.61% a year ago. Tangible book value per share was $14.43 compared with $13.79 for the same period a year ago. Net interest income on a GAAP basis was $9.6 billion and $10.8 billion for the three months ended December 31, 2014 and 2013, and $40.0 billion and $42.3 billion for the years ended December 31, 2014 and 2013. Income before income taxes was $4,310 million against $3,845 million a year ago. For the full year, the company reported total revenues, net of interest expense, FTE of $85,116 million compared with $89,801 million for the same period a year ago. Total revenue, net of interest expense, FTE basis, excluding DVA and FVO was $85,356 million compared with $90,958 million for the same period a year ago. Net income applicable to common shareholders was $3,789 million or $0.36 per diluted share compared with $10,082 million or $0.90 per diluted share for the same period a year ago. Book value per share was $21.32 at December 31, 2014, compared to $20.99 at September 30, 2014 and $20.71 at December 31, 2013. Return on average assets was 0.23% compared to 0.53% a year ago. Return on average tangible common shareholders’ equity was 2.52 % compared to 6.97% a year ago. Tangible book value per share was $14.43 compared with $13.79 for the same period a year ago. Income before income taxes was $6,855 million against $16,172 million a year ago. For the quarter, the company recorded total net charge-offs was $879 million compared with $1,582 million for the same period a year ago.

Bank of America Corporation Declares Dividends on its Preferred Stock

Bank of America Corporation announced that its Board of Directors has authorized dividends on preferred stock. A quarterly cash dividend of $0.38775 per depositary share on the 6.204% Non-Cumulative Preferred Stock, Series D, is payable on March 16, 2015 to shareholders of record as of February 27, 2015. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on February 17, 2015 to shareholders of record as of January 30, 2015. A quarterly cash dividend of $1,000.00 per share on the Floating Rate Non-Cumulative Preferred Stock, Series F, is payable on March 16, 2015 to the shareholder of record as of February 27, 2015. A quarterly cash dividend of $1,000.00 per share on the Adjustable Rate Non-Cumulative Preferred Stock, Series G, is payable on March 16, 2015 to the shareholder of record as of February 27, 2015. A quarterly cash dividend of $0.4140625 per depositary share on the 6.625% Non-Cumulative Preferred Stock, Series I, is payable on April 1, 2015 to shareholders of record as of March 15, 2015. A semi-annual cash dividend of $40.00 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K, is payable on January 30, 2015 to shareholders of record as of January 15, 2015. A quarterly cash dividend of $0.4140625 per depositary share on the 6.625% Non-Cumulative Preferred Stock, Series W, is payable on March 9, 2015 to shareholders of record as of February 15, 2015. A semi-annual cash dividend of $31.25 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series X, is payable on March 5¸2015 to shareholders of record as of February 15, 2015. A quarterly cash dividend of $0.18750 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 1, is payable on February 27, 2015 to shareholders of record as of February 15, 2015. A quarterly cash dividend of $0.19167 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 2, is payable on February 27, 2015 to shareholders of record as of February 15, 2015. A quarterly cash dividend of $0.3984375 per depositary share on the 6.375% Non-Cumulative Preferred Stock, Series 3, is payable on March 2, 2015 to shareholders of record as of February 15, 2015. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 4, is payable on February 27, 2015 to shareholders of record as of February 15, 2015. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 5, is payable on February 23, 2015 to shareholders of record as of February 1¸2015.

 

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Industry Analysis

8648

Industry Average

Valuation 8648 Industry Range
Price/Earnings 42.5x
Price/Sales 2.0x
Price/Book 0.7x
Price/Cash Flow 33.1x
TEV/Sales NM Not Meaningful
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