Bank of America Corporation (BAC) — Stock analysis
USDCurrent price
51,60 USD
0,83 USD (+1.63%) today
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About Bank of America Corporation
Bank of America is the second-largest US bank by assets (~$3.3 trillion). Four segments: Consumer Banking (branches, deposits, retail mortgages), Global Wealth & Investment Management (Merrill Lynch), Global Banking (corporate banking, M&A), Global Markets (trading). Significantly active in wealth management following the 2009 Merrill Lynch acquisition. Headquartered in Charlotte, North Carolina.
What does Bank of America do?▾
Bank of America is an American universal bank. It runs retail branches (BofA), wealth management via Merrill Lynch, corporate banking, trading and capital markets. It's the leading US retail bank by customer count.
Does Bank of America pay dividends?▾
Yes. It pays a quarterly dividend that has progressively grown since 2014 (after a drastic post-crisis cut). Dividend yield is typically 2.3-3.0%.
Difference between Bank of America and JPMorgan?▾
Smaller assets (~$3.3T vs ~$4T JPM). More consumer-focused retail exposure (more branches, more residential mortgages). Investment banking present but smaller in scale than JPM or Goldman. More sensitive to US rate cycles, because Net Interest Income share is structurally higher.
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