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Last $16.50 USD
Change Today -0.17 / -1.02%
Volume 74.3M
BAC On Other Exchanges
Symbol
Exchange
New York
Mexico
London
Tokyo
Sao Paulo
Frankfurt
Bogota
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

bank of america corp (BAC) Snapshot

Open
$16.66
Previous Close
$16.67
Day High
$16.67
Day Low
$16.47
52 Week High
12/31/14 - $18.21
52 Week Low
08/1/14 - $14.84
Market Cap
173.3B
Average Volume 10 Days
66.7M
EPS TTM
$1.39
Shares Outstanding
10.5B
EX-Date
06/3/15
P/E TM
11.9x
Dividend
$0.20
Dividend Yield
0.97%
Current Stock Chart for BANK OF AMERICA CORP (BAC)

bank of america corp (BAC) Details

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. The company operates through Consumer & Business Banking; Consumer Real Estate Services; Global Wealth & Investment Management; Global Banking; Global Markets; and Legacy Assets & Servicing segments. It 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. The company also provides 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. In addition, it offers 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. Further, the company provides various commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. Additionally, it 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 provides its products and services through 4,800 banking centers, 15,800 ATMs, call centers, and online and mobile banking platforms. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.

220,000 Employees
Last Reported Date: 04/29/15
Founded in 1874

bank of america corp (BAC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.5M
Chief Financial Officer
Total Annual Compensation: $4.8M
Chief Operating Officer
Total Annual Compensation: $6.2M
Vice Chairman of Global Wealth & Investment M...
Total Annual Compensation: $4.1M
Global General Counsel
Total Annual Compensation: $3.8M
Compensation as of Fiscal Year 2014.

bank of america corp (BAC) Key Developments

The Office of the Comptroller of the Currency Fines $30 Million to Bank of America for Handling of Military Personnel Accounts

The Office of the Comptroller of the Currency has fined Bank of America $30 million and the company remediation for roughly 73,000 customer accounts. The OCC announced that it took the actions against the bank for "violations of law and unsafe or unsound practices in connection with the bank's non-home loan compliance with the Service members Civil Relief Act, and unsafe or unsound practices in connection with non-home debt collection litigation practices." The law shields military personnel from being sued while in the service and for up to a year after active duty. Such protections date back to the Civil War. The agency says the enforcement action is intended to correct deficiencies in the bank's compliance with the law and to address the preparation of affidavits and other documents used in debt-collection litigation. The OCC also told the bank to improve its SCRA-compliance policies and procedures for determining whether military personnel are eligible for requested SCRA-related benefits, for ensuring that the bank calculates the benefits correctly, and for verifying the military-service status of service members prior to seeking or obtaining default judgments on non-home loans. The issues came to light in 2011. Bank of America says it has since enhanced its collections-litigation and sworn-documents processes and improved controls around compliance with the law.

Bank of America In Talks To Buy Loans Of About €400 Million from Bankia

Bank of America Corporation (NYSE:BAC) is in final talks to buy loans with a nominal value of €400 Million from Bankia, S.A. (CATS:BKIA). The loan package is named called Castle and will probably be sold for less than the nominal value of the borrowings, according to people familiar with the matter. A spokesman for Bankia, declined to comment.

Bank of America Corporation Presents at Bank of America Merrill Lynch 2015 Emerging Markets Corporate Conference, May-27-2015 through May-29-2015

Bank of America Corporation Presents at Bank of America Merrill Lynch 2015 Emerging Markets Corporate Conference, May-27-2015 through May-29-2015. Venue: Fontainebleau Miami Beach, 4441 Collins Avenue, Miami Beach, Florida, United States. Presentation Date & Speakers: May-27-2015, Aleen Lee, Asia Corporate Credit Analyst, Alessandro Arlant, Latin America Corporate Credit Analyst, Anne Milne, Head, Global Emerging Markets Corporate Credit, Christopher Hays, Global Emerging Markets Corporate Credit Strategist, Hital Desai, Asia DCM Syndicate, Michele Barlow, Head, Asia Pacific Credit, Tolu Alamutu, EEMEA Corporate Credit Analyst, Vadim Khramov, EEMEA Strategist and Economist. May-28-2015, Alberto Ades, Co-Head, Global Economics & Head, Global EM Fixed Income Strategy, Alessandro Arlant, Latin America Corporate Credit Analyst, Alexei Yu, EEMEA Corporate Trading, Andrew Kuchins, Director CSIS Russia and Eurasia Program, Anne Milne, Head, Global EM Corporate Credit, Barbara Halberstadt, LatAm Corporate Credit Analyst, Bo Bazylevsky, Latin America Corporate Trading, Christopher Hays, Global EM Corporate Credit, David Beker, Chief Brazil Economist, Deep Ranjan, EEMEA Corporate Trading, Federico Marini, Latin America Loan & Illiquid Trading, Francisco Blanch, Head, Global Commodities & Derivatives, Jayesh Mehta, Head, FICC & Country Treasurer, Kathryn Rooney Vera, Director of Macroeconomic Strategy, Kay Hope, EEMEA Corporate Credit Analyst, Matthias Schwarz, EMEA Credit Trading, Mauricio Fernandes, Head, Brazil Equity Research, Melvina Lecaros, Head, CEEMEA Loan & Illiquid Credit Trading, Michael Cattano, Cattano, Latin America Corporate Trading, Michael Cattano, Latin America Corporate Trading, Roy Yackulic, Latin America Corporate Credit Analyst, Tolu Alamutu, EEMEA Corporate Credit Analyst, Vadim Khramov, EEMEA Strategist and Economist. May-29-2015, Andres Victorica, Latin America Loan & Illiquid Trading, Sunny Tam, Corporate Credit Research Analyst.

 

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Industry Analysis

BAC

Industry Average

Valuation BAC Industry Range
Price/Earnings 24.4x
Price/Sales 2.1x
Price/Book 0.8x
Price/Cash Flow 20.5x
TEV/Sales NM Not Meaningful
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