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Last $17.77 USD
Change Today -0.11 / -0.62%
Volume 62.4M
As of 8:04 PM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

bank of america corp (BAC) Snapshot

Open
$17.91
Previous Close
$17.88
Day High
$17.97
Day Low
$17.64
52 Week High
07/22/15 - $18.48
52 Week Low
08/5/14 - $14.90
Market Cap
186.0B
Average Volume 10 Days
83.1M
EPS TTM
$1.43
Shares Outstanding
10.5B
EX-Date
09/2/15
P/E TM
12.5x
Dividend
$0.20
Dividend Yield
1.13%
Current Stock Chart for BANK OF AMERICA CORP (BAC)

bank of america corp (BAC) Details

Bank of America Corporation is a bank holding company. The company, through its subsidiaries, operates through Consumer and Business Banking; Consumer Real Estate Services; Global Wealth and Investment Management; Global Banking; Global Markets; and Other segments. It’s Consumer and Business Banking segment offers a range of credit, banking, and investment products and services including traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, investment accounts and products, and credit and debit cards. The company’s Consumer Real Estate Services segment 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. It’s Global Wealth and Investment Management segment provides investment and brokerage services, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services. The company’s Global Banking segment provides commercial loans, leases, commitment facilities, trade finance, real-estate lending, asset-based lending, treasury management, foreign exchange, short-term investing options, debt and equity underwriting and distribution, and merger-related and other advisory services. Its Global Markets segment offers risk management products, and sales and trading services, market-making, financing, securities clearing, settlement, and custody services to institutional investor clients. The company’s other segment includes residential mortgage portfolio and investment securities, interest rate and foreign currency risk management, international consumer card business, and other services. It caters to individual customers, large and small companies, institutional investors, corporations, and governments worldwide. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.

216,700 Employees
Last Reported Date: 07/29/15
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

Bank of America Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charge-Offs for the Second Quarter of 2015

Bank of America Corporation reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of $10,488 million compared to $10,013 million a year ago. Total revenue, net of interest expense was $22,117 million compared to $21,747 million a year ago. Income before income taxes was $7,519 million compared to $2,795 million a year ago. Net income applicable to common shareholders was $4,990 million or $0.48 per basic and diluted share compared to $2,035 million or $0.19 per diluted share a year ago. Return on average assets was 0.99 % compared to 0.42% a year ago. Return on average tangible common shareholders' equity was 12.78% compared to 5.47% a year ago. For the six months period, the company reported net interest income of $19,939 million compared to $20,098 million a year ago. Total revenue, net of interest expense was $43,319 million compared to $44,313 million a year ago. Income before income taxes was $12,261 million compared to $2,114 million a year ago. Net income applicable to common shareholders was $7,965 million or $0.76 basic and diluted per share compared to $1,521 million or $0.14 per diluted share a year ago. Return on average assets was 0.82 % compared to 0.19% a year ago. Return on average tangible common shareholders' equity was 10.38% compared to 2.05% a year ago. Book value per share as at June 30, 2015 was $21.91 compared to $21.16 a year ago. Tangible book value per share as at June 30, 2015 was $15.02 compared to $14.24 a year ago. The company reported net charge-offs of $1,068 million for the second quarter of 2015 compared to $1,073 million a year ago.

Bank of America Corporation Announces Preferred Dividends, Payable on July 30, 2015, August 17, 2015, August 21, 2015, August 28, 2015, September 8, 2015, September 9, 2015, September 14, 2015, September 15, 2015, September 17, 2015, and October 1, 2015 Respectively

Bank of America Corporation announced the board of directors has authorized dividends on the following series of 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 September 14, 2015 to shareholders of record as of August 31, 2015. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on August 17, 2015, to shareholders of record as of July 31, 2015. A quarterly cash dividend of $1,022.22222 per share on the Floating Rate Non-Cumulative Preferred Stock, Series F, is payable on September 15, 2015 to the shareholder of record as of August 31, 2015. A quarterly cash dividend of $1,022.22222 per share on the Adjustable Rate Non-Cumulative Preferred Stock, Series G, is payable on September 15, 2015 to the shareholder of record as of August 31, 2015. A quarterly cash dividend of $0.4140625 per depositary share on the 6.625% Non-Cumulative Preferred Stock, Series I, is payable on October 1, 2015 to shareholders of record as of September 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 July 30, 2015 to shareholders of record as of July 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 September 9, 2015 to shareholders of record as of August 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 September 8, 2015 to shareholders of record as of August 15, 2015. A semi-annual cash dividend of $30.50 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series AA, is payable on September 17, 2015 to shareholders of record as of September 1, 2015. A quarterly cash dividend of $0.18750 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 1, is payable on August 28, 2015 to shareholders of record as of August 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 August 28, 2015 to shareholders of record as of August 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 August 28, 2015 to shareholders of record as of August 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 August 28, 2015 to shareholders of record as of August 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 August 21, 2015 to shareholders of record as of August 1, 2015.

Bank of America Names Jackie Yoon as Market President for St. Louis

Bank of America announced that Jackie Yoon has been named market president, serving as the company’s enterprise leader in St. Louis. In this role, Yoon will work across the region to connect Bank of America’s business lines to deliver integrated financial services to individuals, families and businesses. She will also lead Bank of America’s corporate social responsibility work in the market, which leverages the unmatched capabilities of the company to help partners, people, communities and a broad client and customer base more effectively address a wide range of issues. Yoon brings outstanding leadership credentials to the market president role including her current position as managing director of U.S. Trust’s Midwest region for St. Louis and Kansas City. She joined Bank of America in 2014 with more than two decades of private wealth management experience in leader global financial institutions.

 

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BAC:US $17.77 USD -0.11

BAC Competitors

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Industry Analysis

BAC

Industry Average

Valuation BAC Industry Range
Price/Earnings 19.1x
Price/Sales 2.3x
Price/Book 0.8x
Price/Cash Flow 16.3x
TEV/Sales NM Not Meaningful
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