|Bid||32.23 x 34100|
|Ask||32.28 x 43500|
|Day's range||31.24 - 32.77|
|52-week range||30.86 - 50.11|
|Beta (5Y monthly)||1.39|
|PE ratio (TTM)||9.67|
|Forward dividend & yield||0.84 (2.39%)|
|Ex-dividend date||02 Jun 2022|
|1y target est||N/A|
Shares in the biggest U.S. banks rallied on Friday after they passed the Federal Reserve's annual health check, but Bank of America underperformed with test results implying it needs a larger-than-expected capital buffer, which could limit share buybacks and dividends. While the broader equity market also rallied on Friday, Wells Fargo & Co, up 7.5%, was the biggest gainer among the 34 lenders that underwent the Fed's so-called stress test, which measures how they would fare in a hypothetical severe economic downturn. The group would have roughly twice the capital required under Fed rules in the downturn scenario, it said.
Yahoo Finance entertainment reporter Allie Canal joins the Live show to break down Netflix's decision to lay off employees and Bank of America's price target slash on the streaming platform's stock.
Warren Buffett has said that he got the idea to invest in Bank of America (NYSE: BAC) while taking a bath in 2011. Here is why Bank of America is worth considering as a buy today. The Federal Open Market Committee, which consists of leadership from the Federal Reserve, is in charge of setting monetary policy in the United States.