K-Line Chart, actual market data is subject to the trading page.
Key Data
Prev. Open
$59.37
Prev. Close
$58.32
Prev. Day's Range
$58.31 - $59.57
52W Range
$43.80 - $60.83
Trading Volume
18.95M
MC
$424.802B
P/E Ratio
14.8x
EPS
$4.03
Company Overview
NYSE
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. Founded in San Francisco, Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase, and the eighth largest bank in the world. Bank of America is one of the Big Four banking institutions of the United States. It services approximately 10 percent of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
SectorFINANCIAL SERVICES
IndustryBANKS - DIVERSIFIED
HeadquartersBANK OF AMERICA CORPORATE CENTER, CHARLOTTE, NC, UNITED STATES, 28255
Bank of America (BAC) is a leading financial institution in the United States, offering a range of banking, investment, and financial services to consumers, small businesses, and institutional clients. Core services include retail banking, wealth management, corporate banking, and investment banking. The company operates globally, though the majority of its revenue comes from the U.S. market.
Bank of America operates in the Financial sector and falls under the Banking and Financial Services industry. It is one of the largest U.S. banks by assets and market capitalization and competes with other major banks such as JPMorgan Chase, Citigroup, and Wells Fargo, as well as non-bank financial service providers.
Bank of America’s revenue is primarily driven by interest income from loans and deposits, as well as fees from wealth management, corporate advisory, and trading services. Market conditions, interest rate trends, and client demand for financial products play significant roles in the company's financial performance.
Yes, Bank of America pays a dividend to its shareholders. The company has a history of consistent dividend payments, making it an attractive option for income-focused investors. However, dividends are subject to change based on the company’s financial performance and other external factors.
Key risks for Bank of America include exposure to economic cycles, fluctuations in interest rates, regulatory changes, and competitive pressures from both traditional banks and fintech companies. Additionally, global economic uncertainty and credit market volatility can impact its financial performance.
Bank of America competes primarily with other major U.S. banks, including JPMorgan Chase, Citigroup, and Wells Fargo. Beyond traditional banks, it faces competition from fintech firms and specialized financial services companies in areas like payments, lending, and wealth management.
Higher interest rates generally benefit Bank of America by increasing net interest income, which is the difference between the interest the bank earns on loans and the interest it pays on deposits. However, higher rates can also lower loan demand and impact overall economic activity.
When evaluating Bank of America’s valuation, investors may look at key metrics like price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, and return on equity (ROE) compared to its industry peers. Other factors include the bank’s ability to sustain earnings growth, manage costs, and navigate market conditions.
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