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Bank of America (BAC)

(Delayed Data from NYSE)

$40.27 USD

40.27
70,701,698

-0.60 (-1.47%)

Updated Sep 20, 2024 04:00 PM ET

After-Market: $40.34 +0.07 (0.17%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value C Growth C Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 27% (67 out of 251)

Industry: Banks - Major Regional

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Zacks News

Headquartered in Charlotte, NC, Bank of America Corporation (incorporated in 1874) is one of the largest financial holding companies in the United States. With total assets worth $2.74 trillion as of Jun 30, 2020, it provides a diverse range of banking and non-banking financial services and products.

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Dow Closes at New High as Q2 Earnings Season Heats Up

Earnings season only picks up steam in the weeks to come.

John Blank headshot

A Big Week in the USA: Global Week Ahead

Inflation and higher rates have tested the resilience of households as signs of a cooling economy and inflation bolster expectations for rate cuts to start in September.

Q2 Earnings Parade Continues

Q2 Earnings Parade Continues

Mark Vickery headshot

Pre-Markets Up as 1st Full Week of Q2 Earnings Begins

Goldman Sachs (GS) and BlackRock (BLK) both beat on Q2 earnings this morning, and we're just getting started.

Bank of America (BAC) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Bank of America (BAC) closed at $41.60, marking a -0.5% move from the previous day.

JPMorgan (JPM) Plans to Grow Consumer Deposit Market Share

JPMorgan (JPM) intends to grow its U.S. consumer deposit market share to 15%. This aligns with the bank's initiatives to maintain its industry-leading position in the upcoming years.

JPMorgan's (JPM) Q2 Earnings Top Estimates on Solid IB, Trading

High rates, robust loan balance, a rise in mortgage banking income and solid IB and trading businesses aid JPMorgan's (JPM) Q2 earnings. High credit costs and non-interest expenses are headwinds.

The Bank of New York Mellon Corporation (BK) Surpasses Q2 Earnings and Revenue Estimates

The Bank of New York Mellon (BK) delivered earnings and revenue surprises of 5.59% and 1.25%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

Analysts Estimate BankUnited, Inc. (BKU) to Report a Decline in Earnings: What to Look Out for

BankUnited (BKU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Swayta Shah headshot

Should You Buy JPM, C & Other Big Bank Stocks Before Q2 Earnings?

The Q2 earnings outlook for JPM, C, BAC and WFC has been improving lately as underlying business trends have improved. Should investors buy these big bank stocks now or wait for a better entry point?

Unveiling Bank of America (BAC) Q2 Outlook: Wall Street Estimates for Key Metrics

Beyond analysts' top -and-bottom-line estimates for Bank of America (BAC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Here is What to Know Beyond Why Bank of America Corporation (BAC) is a Trending Stock

Bank of America (BAC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Swayta Shah headshot

Is Bank of America (BAC) Stock a Buy Before Q2 Earnings?

High rates, impressive IB and trading businesses and modest loan demand are likely to have aided Bank of America's (BAC) Q2 earnings. But rising provisions and expenses might have been headwinds. Should investors buy the BAC stock now or wait for a better entry point?

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How Will Bank ETFs Perform in Light of Q2 Earnings?

Big banks will start releasing their quarterly numbers this week.

Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know

Bank of America (BAC) reachead $41.42 at the closing of the latest trading day, reflecting a +1.97% change compared to its last close.

Earnings Preview: Bank of America (BAC) Q2 Earnings Expected to Decline

Bank of America (BAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

John Blank headshot

June CPI Will Focus Trader Minds: Global Week Ahead

In the Global Week Ahead, Fed Chair Powell's testimony and June CPI data top the stock trader agenda. Starting on Friday, major U.S. banks report Q2 earnings.

The Zacks Analyst Blog Highlights Citigroup, JPMorgan & Chase and Bank of America

Citigroup, JPMorgan & Chase and Bank of America are included in this Analyst Blog.

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3 Bank Stocks to Keep an Eye On as They Hit a New 52-Week High

Stocks like Citigroup (C), JPMorgan (JPM) and Bank of America (BAC) are expected to maintain their momentum and keep scaling new highs.

Bank OZK (OZK) Announces a 2.6% Hike in Quarterly Dividend

Bank OZK (OZK) raises its quarterly dividend by 2.6% to 40 cents per share. This marks the 56th consecutive quarter of a dividend hike.

PNC Financial (PNC) Announces a 3% Hike in Quarterly Dividend

PNC Financial (PNC) announces a quarterly dividend hike of 3% following the Fed's stress test results. Its solid balance sheet and earnings strength are set to support the capital distribution moves.

Swayta Shah headshot

5 S&P 500 Banks That Outperformed the Index in the First Half

Investors remain bullish on bank stocks in the first half of 2024, driven by rate cut expectations, decent lending and modest economic growth. So, banks - Citigroup (C), Wells Fargo (WFC), JPMorgan (JPM), Bank of America (BAC) and BNY Mellon (BK) - outperform the S&P 500 index.

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Jefferies (JEF) Q2 Results Show Rebound in IB: Others to Follow?

Jefferies (JEF) Q2 results reflect a marked improvement in IB revenues. So, other banks - JPMorgan (JPM), Citigroup (C) and Bank of America (BAC) - will fare resoundingly well too.

BNY Mellon (BK) Intends to Hike Quarterly Dividend by 11.9%

BNY Mellon (BK) plans to increase quarterly cash dividend by 11.9% to 47 cents per share following the 2024 stress test results, which reflect a robust and resilient balance sheet and capital position.