23.17 +0.16 (0.70%)
Before hours: 4:51AM EDT
|Bid||23.00 x 28000|
|Ask||0.00 x 800|
|Day's range||22.90 - 23.39|
|52-week range||17.95 - 35.72|
|Beta (5Y monthly)||1.59|
|PE ratio (TTM)||9.35|
|Earnings date||16 Jul 2020|
|Forward dividend & yield||0.72 (3.13%)|
|Ex-dividend date||04 Jun 2020|
|1y target est||28.13|
Bank of America Corporation announced today that it will redeem on July 21, 2020 all $1,000,000,000 principal amount outstanding of its Floating Rate Senior Notes, due July 2021 (CUSIP No. 06051GGN3) (the "Floating Rate Notes"), and all $2,500,000,000 principal amount outstanding of its 2.369% Fixed/Floating Rate Senior Notes, due July 2021 (CUSIP No. 06051GGP8) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Senior Notes").
Former CFPB head Richard Cordray says Monday's Supreme Court ruling would mean quick removal of the agency's Trump-appointed director if the Democrats win the White House.
Bank of America today commented on the results of the Federal Reserve’s 2020 Comprehensive Capital Analysis and Review (CCAR). The company continues to be well capitalized and able to serve clients, communities and businesses, even during times of severe economic and financial market stress.
Not everyone in the market is buying hand over fist. Interactive Brokers founder and chairman Thomas Peterffy joins Yahoo Finance to discuss markets.
Bank of America announced today its first 10-year structured renewable energy agreement for solar power in Texas. In partnership with Reliant, an NRG Energy company, the deal will contribute to Bank of America’s commitment to purchase 100% of electricity from renewable sources and builds on the company’s carbon-neutral efforts. The project will provide electricity through the Electric Reliability Council of Texas (ERCOT) region to 345 facilities, which include office sites, financial centers and ATMs. Bank of America will receive both electricity and Green-e®-certified renewable energy certificates (RECs).
The Fed will bar big banks from increasing their dividend payments, following the central bank’s annual stress tests that included a “sensitivity” analysis incorporating the impact of the COVID-19 crisis.
For the 11th consecutive year, the J.D. Power Certified Customer Service Program has recognized Bank of America’s Corporate, Commercial and Business Banking contact centers, which include card servicing, for providing "An Outstanding Customer Service Experience."
Bank of America said on Monday it has appointed Matt Basler and Craig Coben to co-head its Asia Pacific capital markets business. Basler joined the bank in 2007 and was most recently the Americas head of the financial institutions group within the debt capital markets business. Coben has been BofA's vice chairman of global capital markets since 2018 and has been with the bank for 15 years.
Despite this past week's pullback, bank stocks have been on a nice run as of late, buoyed by the gradual reopening of state economies and people getting back to work. Bank of America is an excellent company that is well-run, well-diversified, and well capitalized, with a common equity tier 1 capital ratio (CET1) of 10.8% and $699 billion in liquidity sources -- an increase over the first quarter of last year.