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Last $14.00 USD
Change Today 0.00 / 0.00%
Volume 773.0
As of 11:35 AM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

bank of america corp (BAC) Snapshot

Open
$14.00
Previous Close
$14.00
Day High
$14.00
Day Low
$14.00
52 Week High
05/27/14 - $14.00
52 Week Low
05/27/14 - $14.00
Market Cap
147.0B
Average Volume 10 Days
986.2K
EPS TTM
--
Shares Outstanding
10.5B
EX-Date
06/3/15
P/E TM
--
Dividend
$0.20
Dividend Yield
1.14%
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

Bank of America Corp Hires Chris Cormier as New Equity Capital Markets Managing Director

Bank of America Corp. has announced that it has expanded its equities business. The firm hired Chris Cormier as new equity capital markets managing director.

Federal Reserve Announces Fines totaling More Than $1.8 Billion Against Six Banking Organizations for Their Unsafe and Unsound Practices in the Foreign Exchange Markets

The Federal Reserve on May 20, 2015 announced it will impose fines totaling more than $1.8 billion against six major banking organizations for their unsafe and unsound practices in the foreign exchange (FX) markets. The fines, among the large ever assessed by the Federal Reserve, include: $342 million each for UBS AG, Barclays Bank PLC, Citigroup Inc., and JPMorgan Chase and Co.; $274 million for Royal Bank of Scotland PLC; and $205 million for Bank of America Corporation. The Federal Reserve also issued cease and desist orders requiring the firms to improve their policies and procedures for oversight and controls over activities in the wholesale FX and similar types of markets. The Federal Reserve is requiring the firms to correct deficiencies in their oversight and internal controls over traders who buy and sell U.S. dollars and foreign currencies for the organizations' own accounts and for customers. As a result of these deficient policies and procedures, the organizations engaged in unsafe and unsound conduct by failing to detect and address improper actions by their traders. These actions included the disclosure in electronic chat rooms of confidential customer information to traders at other organizations. Five of the banks failed to detect and address illegal agreements among traders to manipulate benchmark currency prices. Bank of America failed to detect and address conduct by traders who discussed the possibility of entering into similar agreements to manipulate prices. In addition, the Federal Reserve found UBS, Citigroup, JPMorgan Chase, and Barclays engaged in unsafe and unsound conduct in FX sales, including conduct relating to how the organizations disclosed to customers the methods for determining price quotes.

Bank of America Corporation Names Claudio Irigoyen as Head of Latin American Economics

Claudio Irigoyen, head of Latin American fixed-income and foreign-exchange strategy at Bank of America Corp. has been given the additional title of head of economics for the region. Irigoyen has been at the bank since 2011 and previously worked at Deutsche Bank AG and served as the chief economist and director of monetary policy at the Central Bank of Argentina.

 

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BAC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Agricultural Bank of China Ltd CNY3.87 CNY -0.03
Bank of China Ltd CNY4.64 CNY -0.04
Citigroup Inc $54.24 USD -0.73
Industrial & Commercial Bank of China Ltd CNY5.40 CNY -0.04
JPMorgan Chase & Co $65.73 USD -0.74
View Industry Companies
 

Industry Analysis

BAC

Industry Average

Valuation BAC Industry Range
Price/Earnings 24.8x
Price/Sales 2.2x
Price/Book 0.8x
Price/Cash Flow 20.8x
TEV/Sales NM Not Meaningful
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