The final prospectus supplement for each series, if available, is hyperlinked in first column of the table above. Best Savings Accounts Another special dividend is likely coming from Costco -- we just don't know when. Warren Buffett Loves These Stocks. Bank of America (BAC-0.92%) had a great month in October, rising 19.3%, according to S&P Global Market Intelligence. Vous devez activer le JavaScript pour la visualiser. Revenue jumped 7.5% to $24.5 billion in the quarter, year over year, while earnings per share (EPS) came in at $0.81 per share, down from $0.85 per share a year ago. The gains in consumer banking offset declines in investment banking revenue and global markets, although fixed income trading revenue was up. (1) Each series of preferred stock was issued by Bank of America Corporation (the "Corporation"). Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.22 per share, up $0.01 from the prior quarter. Bank of America, N.A. For more information about the Corporation's series of preferred stock, including certain voting rights, see the Corporation's Amended and Restated Certificate This program is in addition to the 500 Urban Alliance interns the bank has hosted over the past 10 years. This most recent partnership brings the bank's total commitment with Urban Alliance up to $3.2 million since 2020. Over the past month, the estimate has changed -3.2%. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Divide stock price by per-share earnings and you get a multiple that tells you how highly the market values the companys current earnings. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. The S&P 500 was up 8% and the Nasdaq Composite gained 3.9% in October. Bank of America has benefited from higher interest rates and should be able to navigate a mild recession or economic downturn. Since 1996, Urban Alliance has connected more than 6,000 young people to paid internships and 23,000 more with workforce training and professional development. History. I sold my late mother's home for $250,000. I want to buy a house. Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Real-time quotes, advancedvisualizations, backtesting, and much more. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). History. Invest better with The Motley Fool. Multiple Use Bioreactors Market 2022 | Business Economics Outlook, Top Key Players Updates, Market Revenue, Growth Share, Upcoming Trends And New Investments Forecasts To 2028 - 2 mins ago I want to buy a house. I make $80,000 and have $220,000 in student debt. BofA is offering zero-down-payment, zero-closing cost mortgages for minority communities here's what you need to know about the program, Bank of America CEO Brian Moynihan on strategy for reducing headcount, 59% of Warren Buffett's Portfolio Is Invested in Just 3 Stocks, Bank of America promotes Jim Morehead to Seattle market president, Bank of America (BAC) Stock Sinks As Market Gains: What You Should Know, Bank of America Chicago Marathon Set to Welcome 45,000 Participants for 45th Anniversary Event, BofA Survey: 70% of Gen X and Baby Boomers Retiring in the Home They Own, BofA Data Finds Consumers Proved Resilient in 2022 and Poised to Start 2023 in Decent Financial Shape, As Bank of America Corporation's (NYSE:BAC)) market cap dropped by US$41b, insiders who sold US$831k worth of stock were able to offset their losses. Loan and lease balances remained high, up 12% to $1 trillion, spurred by strong commercial loan growth and higher credit card balances. The company serves clients through operations across the United States, its territories and approximately 35 countries. var prefix = 'ma' + 'il' + 'to'; Globe Investor offers the most current and up-to-date information on stocks and markets from The Globe and Mail. 1Each series of preferred stock, other than Series F and Series G, is represented by depositary shares. The dividend is payable on September 30, 2022 to shareholders of record as of September 2, 2022. Akin Gump Strauss Hauer & Feld represented Diamondback Energy, while Latham & Watkins represented the underwriters in the offering. As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. The eastern portion of the Bank of America franchise can be traced to 1784, when Massachusetts Bank was chartered, the first federally chartered Site web: www.centrealmouna.org. For more information about the Corporation's series of preferred stock, including certain voting rights, see the Corporation's Amended and Restated Certificate An envelope. Bank of America has benefited from higher interest rates and should be able to navigate a mild recession or economic downturn. The key question now is: What could be the stock's future direction? CFO Alistair Borthwick addressed this on the third-quarter earnings call, and he is bullish that the bank can continue to see gains in NII. Top 15 Dividend Stocks To Buy According To Hedge Funds, Bank of Americas Bhavana Bartholf on accelerating innovation, leaving Microsoft for new role, Natura Works With BofA, Morgan Stanley on Stake Sale for Aesop Unit, Bank of America Corporation (NYSE:BAC) is a favorite amongst institutional investors who own 58%, Stock-market investors should focus on the marathon, not the sprint, says Bank of America, positing an S&P 500 at 6,000 by 2032, Bank of America Corporation (BAC) Is a Trending Stock: Facts to Know Before Betting on It, Bank of America Corporation Announces Hypothetical Accrued Dividends and Hypothetical Total Consideration for LIBOR Depositary Shares Sought in its Cash Tender Offers and Amendments to the Offer to Purchase, JPMorgan, Other Banks in Talks to Reimburse Scammed Zelle Customers, 15 Biggest Holding Companies in the World, Be Sure To Check Out Bank of America Corporation (NYSE:BAC) Before It Goes Ex-Dividend, Bank of America (BAC) Gains As Market Dips: What You Should Know, 93% of Warren Buffett's Portfolio Is in These 4 Sectors, Microsoft Identifies Chinese Hack of Indian Power Grid That Could Go Viral, Bank of America Corporation (NYSE:BAC) is favoured by institutional owners who hold 58% of the company, Microsoft says hackers attacking energy grids using decades-old software, Coinbase share price hits all-time low but one whale keeps buying, Institutional owners may take dramatic actions as Bank of America Corporation's (NYSE:BAC) recent 3.2% drop adds to one-year losses, 2 No-Brainer Buffett Stocks to Buy for 2023, 3 Stocks You Can Buy Today to Take Advantage of Robust Consumer Spending, Banks fund Tenneco buyout after failed sale attempt, Wall Streets Hung Debt Swells to $43 Billion as Tenneco Closes, BofA Awards Over $3.6 Million to Nonprofits Tackling Economic Mobility in Metro Detroit, 3 of the Smartest Stocks to Buy in a Fed-Induced Bear Market, How Bank of America is partnering with NC colleges to tackle socioeconomic mobility. The Star Online delivers economic news, stock, share prices, & personal finance advice from Malaysia and world. Over the last four quarters, Bank of America surpassed consensus EPS estimates three times. During this period, the Zacks Banks - Major Regional industry, which Bank of America falls in, has gained 10.3%. Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.22 per share, up $0.01 from the prior quarter. The bank beat the Dow Jones Industrial Average, which had its best month since 1976, gaining 14%. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. As of December 31, 2021, it served approximately 67 million consumer and small business clients with approximately 4,200 retail financial centers; approximately 16,000 ATMs; and digital banking platforms with approximately 41 million active users. Everyone deserves to feel financially secure. The company has global footprints with ten manufacturing locations spread across India, Germany, Sweden, France and North America. Contribuer au dvloppement et l'panouissement intgral de l'Homme et de meilleures rlations entre Tchadiens.Il organise et accueille rgulirement des colloques et confrences sur des thmes relatifs la socit tchadienne.Al Mouna est donc une institution qui veut faire la promotion de la culture tchadienne dans toute sa diversit promotion de la culture traditionnelle avec des recherches sur les ethnies tchadiennes, une aide aux groupes voulant se structurer pour prserver leur hritage culturel. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. Bank of America is expected to post earnings of $0.86 per share for the current quarter, representing a year-over-year change of +4.9%. The big banks are the first to report every quarter and are often seen as a bellwether for the market. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Promouvoir une culture de la paix. To make the world smarter, happier, and richer. christopher.feeney@bofa.com. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Why Is Bank of America (BAC) Up 8.1% Since Last Earnings Report? The $42 Billion Question: Why Arent Americans Ditching Big Banks? Reporters may contact: Don Vecchiarello, Bank of America Phone: 1.770.361.2573 I sold my late mother's home for $250,000. Bank & Loans. For Bank of America, the consensus sales estimate for the current quarter of $24.34 billion indicates a year-over-year change of +10.3%. Bharat Forge About. The dividend is payable on September 30, 2022 to shareholders of record as of September 2, 2022. The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate Through its flagshipHigh School Internship Program, Urban Alliance connects approximately 500 students annually to paid internship experiences with more than 200 employers across the Greater Washington, DC area, Baltimore, Chicago, and Detroit. Bank of America is expected to post earnings of $0.86 per share for the current quarter, representing a year-over-year change of +4.9%. Saving Money. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America is graded F on this front, indicating that it is trading at a premium to its peers. Investors May Contact:Lee McEntire, Bank of AmericaPhone: 1.980.388.6780lee.mcentire@bofa.com, Jonathan Blum, Bank of America (Fixed Income)Phone: 1.212.449.3112jonathan.blum@bofa.com, Reporters May Contact:Bill Halldin, Bank of AmericaPhone: 1.916.724.0093william.halldin@bofa.com, Christopher P. Feeney, Bank of AmericaPhone: 1.980.386.6794christopher.feeney@bofa.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-america-declares-preferred-stock-dividends-for-fourth-quarter-2022-301649032.html, https://www.prnewswire.com/news-releases/bank-of-america-declares-preferred-stock-dividends-for-fourth-quarter-2022-301649032.html, RPT--China's healthcare system put to the test as COVID curbs fade, Asia Stocks to Open Down in Week of Rate Decisions: Markets Wrap, Exclusive-Toyota to outline 3-year EV plan changes to suppliers -sources, Chinese consumers wary of splurging after COVID strictures fall, UPDATE 1-Soccer-Chelsea on top after nervy win, Manchester derby ends in a draw. The dividend is payable on September 30, 2022 to shareholders of record as of September 2, 2022. Renaissance Capital analysts talked up Uranium Ones stock, assigning it a buy rating and saying in a July 2010 research report that it was the best play in the uranium markets. "Loans growth is still pretty good at this stage. Bank of America is still pretty cheap and is a good buy right now, as NII should carry it until economic and market growth start to kick in. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). Multiple Use Bioreactors Market 2022 | Business Economics Outlook, Top Key Players Updates, Market Revenue, Growth Share, Upcoming Trends And New Investments Forecasts To 2028 - 2 mins ago In addition, the bank added 418,000 net new consumer checking accounts in the quarter, the highest since 2008. Bank of America is expected to post earnings of $0.86 per share for the current quarter, representing a year-over-year change of +4.9%. addy23367 = addy23367 + 'yahoo' + '.' + 'fr'; "The Smithsonian is honored to join the Urban Alliance in building a diverse talent pipeline to build the next-generation workforce," said Monique Chism, Under Secretary for Education "The Smithsonian Institution is the world's largest museum complex,and students will have a unique experience that sparks curiosity and develops transferable skills.". The megabank is currently trading at roughly $36 per share, down about 17% year to date. Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. You can now display menu or modules in Off-Canvas sidebar. It indicates the ability to send an email. The final prospectus supplement for each series, if available, is hyperlinked in first column of the table above. An curved arrow pointing right. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Should I use all my inheritance for a down payment? Zacks Investment Research, Bank of America Corporation (BAC) : Free Stock Analysis Report. For the current and next fiscal years, $94.62 billion and $103.06 billion estimates indicate +6.2% and +8.9% changes, respectively. This was an even higher gain than management had expected in its guidance. The final prospectus supplement for each series, if available, is hyperlinked in first column of the table above. Click here to see the values of some of the valuation metrics that have driven this grade. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For the next fiscal year, the consensus earnings estimate of $3.72 indicates a change of +16% from what Bank of America is expected to report a year ago. The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 4,000 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 55 million verified digital users. Akin Gump Strauss Hauer & Feld represented Diamondback Energy, while Latham & Watkins represented the underwriters in the offering. Urban Alliance will recruit and train students and place them at positions across the Smithsonian network for exposure to career paths in history, science, art, education, and museum operations. var path = 'hr' + 'ef' + '='; Vous devez activer le JavaScript pour la visualiser. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Certain links may direct you away from Bank of America to an unaffiliated site. Are They Right for You? Phone: 1.980.388.6780 As Bank of America Corporation's (NYSE:BAC)) market cap dropped by US$41b, insiders who sold US$831k worth of stock were able to offset their losses Dividend Stock Portfolio: Top 10 Stock Picks By Hedge Funds. Without considering a stock's valuation, no investment decision can be efficient. The Bank of America name first appeared in 1923, with the formation of Bank of America, Los Angeles.In 1928, it was acquired by Bank of Italy of San Francisco, which took the Bank of America name two years later.. The historical dividend information provided is for informational purposes only, and is not intended for trading purposes. Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: Bank of America Issues Its Third Equality Progress Sustainability Bond for $2 Billion, Bank of America Corporation Announces Cash Tender Offers by BofA Securities, Inc. for up to $1.5 Billion in Aggregate Liquidation Preference of Certain Outstanding Depositary Shares of Bank of America Corporation, BofA Data Finds Overall Consumer Spending Continued to Grow in October though at a Slower Pace than Prior Months, Why Bank of America Was Up 19.3% in October, Bank of America and CrossBoundary Energy join forces to expand renewable energy across Africa for a more sustainable future, 12 Best Financial Dividend Stocks to Invest In, Rising Rates Help Some Banks More Than Others, Consorcio Energetico Punta Cana Macao (CEPM), an InterEnergy company, to secure a Green Loan from Bank of America and a Multilateral Development Bank to Advance its Ambition to Achieve Net Zero by 2030, 10 Best Stocks According to Clint Carlsons Carlson Capital, Zaid Kahn from Microsoft joins the Internet Ecosystem Innovation Committee (IEIC) Board, Dividend Stock Portfolio: Top 10 Stock Picks By Hedge Funds, Bank of Americas CEO doesnt foresee a deep recession, Junk bonds may be a good play for returns that are competitive with stocks but less volatile, Washington Commanders hire Bank of America to consider potential transactions, Heres where the big U.S. banks stand up and fall down on climate change, A BofA Stocks Indicator Is Close to Signaling Buy as Fed Looms, BofA Indicator Closest to Buy on US Stocks Since 17, Mastercard CEO: 'We have no indication that there is a near-term recession', BofA Indicator Is Closest to Saying Buy US Stocks Since 2017, Bank of America Cardholders Can Earn More Rewards on Nov. 5, Apple, Bank of America, and Chevron Earnings Show the Warren Buffett Way Still Works, Bank of AmericasTrading Staff Can Work Remotely Only Two Days a Month, Bank of AmericasTrading Staff Can Only Work Remotely Two Days a Month, Bank of America Names Cady Head of Americas Financial Sponsors, Tether Bank-Fraud Probe Gets Fresh Look by Justice Department, Insiders who sold US$1.0m worth of Bank of America Corporation (NYSE:BAC) stock last year were handsomely rewarded, 3 Stocks That Could Double Even If Inflation Stays High. CONFRENCE-DBATDU SAMEDI 19 NOVEMBRE 2, CONFRENCE-DBATDU SAMEDI 19 NOVEMBRE 22. Investopedia is the world's leading source of financial content on the web, ranging from market news to retirement strategies, investing education to insights from advisors. Insider Monkey Fortune. It indicates the ability to send an email. For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. High interest rates have been a boon for Bank of America thus far as loan growth has remained solid. Jonathan G. Blum, Bank of America (Fixed Income). It can be a good addition to dividend portfolios alongside other bank dividend stocks like U.S. Bancorp (NYSE:USB), JPMorgan Chase & Co. (NYSE:JPM), and Bank of America Corporation (NYSE:BAC). Bank of America is optimistic about small-cap stocks, even if the risks of a recession are rising. Bank of America (BAC-0.92%) had a great month in October, rising 19.3%, according to S&P Global Market Intelligence. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. An envelope. Lee McEntire, Bank of America Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Divide stock price by per-share earnings and you get a multiple that tells you how highly the market values the companys current earnings. Globe Investor offers the most current and up-to-date information on stocks and markets from The Globe and Mail. Over the past month, shares of this nation's second-largest bank have returned +14.1%, compared to the Zacks S&P 500 composite's +1.2% change. Making sense of the latest news in finance, markets and policy and the power brokers behind the headlines. It can be a good addition to dividend portfolios alongside other bank dividend stocks like U.S. Bancorp (NYSE:USB), JPMorgan Chase & Co. (NYSE:JPM), and Bank of America Corporation (NYSE:BAC). Bank of America beat earnings and revenue estimates in the third quarter. For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. View Bank of America Corporation BAC investment & stock information. Renaissance Capital analysts talked up Uranium Ones stock, assigning it a buy rating and saying in a July 2010 research report that it was the best play in the uranium markets. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The major catalyst for Bank of America in October was a better-than-expected third-quarter earnings report. In this case, it was true as Bank of America, and other big banks, posted strong earnings and the market followed.. Bank & Loans. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Meet Americas climate finance pledge and provide green debt relief for developing countries EPS of $0.81 for the same period compares with $0.85 a year ago. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. (1) Each series of preferred stock was issued by Bank of America Corporation (the "Corporation"). I sold my late mother's home for $250,000. Net interest income surged 24% higher year over year due to higher interest rates. The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. RPT--China's healthcare system put to the test as COVID curbs fade, Asia Stocks to Open Down in Week of Rate Decisions: Markets Wrap, Exclusive-Toyota to outline 3-year EV plan changes to suppliers -sources, Chinese consumers wary of splurging after COVID strictures fall, UPDATE 1-Soccer-Chelsea on top after nervy win, Manchester derby ends in a draw. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Company goals are aspirational and not guarantees or promises that all goals will be met. To read this article on Zacks.com click here. Bank of America is optimistic about small-cap stocks, even if the risks of a recession are rising. The EPS surprise was +2.53%. Warren Buffett Owns a Lot of Stocks -- Here's the One I'm Most Excited About, BofA Names Jim Morehead President of Seattle, 2008 all over again? The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. I want to buy a house. CHARLOTTE, N.C., Oct. 13, 2022 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: Floating Rate Non-Cumulative Preferred Stock, Series E, Floating Rate Non-Cumulative Preferred Stock, Series F, Adjustable Rate Non-Cumulative Preferred Stock, Series G, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series U, Floating Rate Non-Cumulative Preferred Stock, Series 1, Floating Rate Non-Cumulative Preferred Stock, Series 2, Floating Rate Non-Cumulative Preferred Stock, Series 4, Floating Rate Non-Cumulative Preferred Stock, Series 5, 6.000% Non-Cumulative Preferred Stock, Series GG, Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series JJ, 5.375% Non-Cumulative Preferred Stock, Series KK, 5.000% Non-Cumulative Preferred Stock, Series LL, 4.250% Non-Cumulative Preferred Stock, Series QQ, 4.750% Non-Cumulative Preferred Stock, Series SS. Malaysia business and financial market news. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. We help more people save through partnerships with leading financial institutions and state governments. The company serves clients through operations across the United States, its territories and approximately 35 countries. (1) Each series of preferred stock was issued by Bank of America Corporation (the "Corporation"). Making sense of the latest news in finance, markets and policy and the power brokers behind the headlines. Over the last 30 days, the Zacks Consensus Estimate has changed -1.6%. Bank of America (BAC -0.18%) had a great month in October, rising 19.3%, according to S&P Global Market Intelligence. Want the latest recommendations from Zacks Investment Research? Program Recognizes Founder of Urban Alliance in its 25th Anniversary Year. Should I use all my inheritance for a down payment? The eastern portion of the Bank of America franchise can be traced to 1784, when Massachusetts Bank was chartered, the first federally chartered The Star Online delivers economic news, stock, share prices, & personal finance advice from Malaysia and world. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Bank of America. So, we're anticipating that will keep growing on the loan side," Borthwick said. Insider Monkey Fortune. Bank of America (BAC) has recently been on Zacks.com's list of the most searched stocks. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Fidelity Investments offers Financial Planning and Advice, Retirement Plans, Wealth Management Services, Trading and Brokerage services, and a wide range of investment products including Mutual Funds, ETFs, Fixed income Bonds and CDs and much more. As Bank of America Corporation's (NYSE:BAC)) market cap dropped by US$41b, insiders who sold US$831k worth of stock were able to offset their losses Dividend Stock Portfolio: Top 10 Stock Picks By Hedge Funds. Faire du Tchad un terreau de paix o cohabitent plusieurs cultures", Centre Culture Al MounaAvenue Charles de Gaulle,Quartier Djamal Bahr - Rue BabokumB.P: 456 NDjamna - Tchad Tel: (+235) 66 52 34 02E-mail: Cette adresse e-mail est protge contre les robots spammeurs. The historical dividend information provided is for informational purposes only, and is not intended for trading purposes. Today, you can download 7 Best Stocks for the Next 30 Days. WASHINGTON, Oct. 14, 2022 /PRNewswire/ -- In a partnership with the Urban Alliance and the Smithsonian Institution, Bank of America is providing $800,000 to form an internship program designed to support youth employment and increase representation in arts and culture organizations. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Reporters May Contact: Susan Atran, Bank of America Phone: 1.917.861.6882 Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Member FDIC. Meet Americas climate finance pledge and provide green debt relief for developing countries Making sense of the latest news in finance, markets and policy and the power brokers behind the headlines. *Average returns of all recommendations since inception. And if earnings estimates go up for a company, the fair value for its stock goes up. Reporters may contact: Don Vecchiarello, Bank of America Phone: 1.770.361.2573 document.getElementById('cloak23367').innerHTML += '' +addy23367+'<\/a>'; For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for email news alerts. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. Reporters May Contact: Susan Atran, Bank of America Phone: 1.917.861.6882 The company topped consensus revenue estimates three times over this period. Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.22 per share, up $0.01 from the prior quarter. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. Fidelity Investments offers Financial Planning and Advice, Retirement Plans, Wealth Management Services, Trading and Brokerage services, and a wide range of investment products including Mutual Funds, ETFs, Fixed income Bonds and CDs and much more. Get the latest Bank of America Corporation BAC detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. Over the course of a year, a high school senior can gain 500 hours of paid work experience and receive 100 hours of skills training, professional development, and mentoring. jonathan.blum@bofa.com, Christopher P. Feeney, Bank of America Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. "We are excited to be working alongside the Smithsonian to further connect young people to paid work experiences.". It indicates the ability to send an email. var addy23367 = 'centrealmouna' + '@'; Le Centre Al Mouna cr en 1986 est une association but non lucratif ayant pour objectif de: Promouvoir, sans distinction d'origines culturelles, religieuses ou politiques, les rlations entre Tchadiens. It can be a good addition to dividend portfolios alongside other bank dividend stocks like U.S. Bancorp (NYSE:USB), JPMorgan Chase & Co. (NYSE:JPM), and Bank of America Corporation (NYSE:BAC). Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: How Four Families Are Redefining Holiday Traditions to Deal With Record High Inflation. Reporters May Contact: Susan Atran, Bank of America Phone: 1.917.861.6882 The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States of America.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate The Bank of America name first appeared in 1923, with the formation of Bank of America, Los Angeles.In 1928, it was acquired by Bank of Italy of San Francisco, which took the Bank of America name two years later.. An envelope. Compared to the Zacks Consensus Estimate of $23.6 billion, the reported revenues represent a surprise of +3.84%. Berkshire Hathaway Has Been Selling Financials. Higher provision for credit losses, based on a dampened macroeconomic outlook, also bit into earnings. Cost basis and return based on previous market day close. "As a leader at Bank of America, Andrew has been instrumental in shaping programs to enhance economic mobility, and the Plepler Internships recognize his long-time commitment to that.". Bank of America is expected to post earnings of $0.86 per share for the current quarter, representing a year-over-year change of +4.9%. The company was founded in 1784 and is based in Charlotte, North Carolina. Investopedia is the world's leading source of financial content on the web, ranging from market news to retirement strategies, investing education to insights from advisors. For example, these agencies will be prohibited from any financing for coal-fired power plants so that U.S. finance is no longer a dirtier alternative to the World Bank. Everyone deserves to feel financially secure. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. For more Bank of America news, including dividend announcements and other important information, register for email news alerts. lee.mcentire@bofa.com, Jonathan G. Blum, Bank of America (Fixed Income) 13 Best American Stocks To Buy Heading Into 2023, Selling US$831k worth of Bank of America Corporation (NYSE:BAC) stock at high prices would have gotten insiders a handsome reward. The newly created Andrew Plepler Internship Program will provide paid internships at Smithsonian museums and locations for 45 high school students from communities of color across Greater Washington, DC. View Bank of America Corporation BAC investment & stock information. Bank of America reported revenues of $24.5 billion in the last reported quarter, representing a year-over-year change of +7.6%. "Andrew has built a career that combines his professional expertise with his passion for creating meaningful opportunities for young people to build their own careers," said Larry Di Rita, President, Bank of America Washington, DC. Meet Americas climate finance pledge and provide green debt relief for developing countries But that is a balance that could shift as we head into 2023. Saving Money. These materials are for informational purposes only. The company provides unmatched convenience in the United States, serving approximately 67 million consumer and small business clients with approximately 4,000 retail financial centers, approximately 16,000 ATMs and award-winning digital banking with approximately 55 million verified digital users. Last Reported Results and Surprise History. Etre un lieu d'accueil, de dialogue et de rencontres entre les diverses composantes de la socit tchadienne. Best Savings Accounts Another special dividend is likely coming from Costco -- we just don't know when. Best Savings Accounts Another special dividend is likely coming from Costco -- we just don't know when. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. All rights reserved. How Four Families Are Redefining Holiday Traditions to Deal With Record High Inflation. Both revenue and EPS came in above analysts estimates. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Bank of America has benefited from higher interest rates and should be able to navigate a mild recession or economic downturn. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. Join Nearly 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, better-than-expected third-quarter earnings report, Copyright, Trademark and Patent Information. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members ofSIPC, and, in other jurisdictions, by locally registered entities. Renaissance Capital analysts talked up Uranium Ones stock, assigning it a buy rating and saying in a July 2010 research report that it was the best play in the uranium markets. Reporters may contact: Don Vecchiarello, Bank of America Phone: 1.770.361.2573 The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Bank of America. 2022 Bank of America Corporation. Berkshire Hathaway Cuts Stake in U.S. Bancorp By More Than Half. The Motley Fool has a disclosure policy. Akin Gump Strauss Hauer & Feld represented Diamondback Energy, while Latham & Watkins represented the underwriters in the offering. Dave Kovaleski has no position in any of the stocks mentioned. If rates keep rising and the economy slows, that could put a damper on loan activity. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Divide stock price by per-share earnings and you get a multiple that tells you how highly the market values the companys current earnings. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. 2 Bank Stocks to Buy Before the Bear Market Is Over, Trenton Health Team and Interfaith Neighbors Awarded Funding and Training as 2022 Bank of America Neighborhood Builders, WhyBank of America Stock Was Falling Today, Bank of America stock plunges, leading selloff in shares of largest U.S. banks, Trading Poised to Finish the Year Hot at Bank of America, Heres What Makes Bank of America Corporation (BAC) a Strong Investment Avenue, Bank of America Announces Redemption of 3.004% Fixed/Floating Rate Senior Notes Due December 2023, Bank of America Corporation's (NYSE:BAC) recent 4.3% pullback adds to one-year year losses, institutional owners may take drastic measures, Bank of America CEO Is Hopeful That an Upcoming Recession Will Be Mild, 73% of Warren Buffett's Portfolio Is in These 5 Stocks as 2022 Winds Down, Bank of America (BAC) Dips More Than Broader Markets: What You Should Know, Big banks announce plans to cut back on end-of-year bonuses, Biggest Wall Street Banks Are Slashing Bonuses by as Much as 30%, JPMorgan, BofA and Citi to slash banker bonuses - Bloomberg Law, Bank of America, other financial giants discuss refund plan for Zelle customer fraud victims. Over the last 30 days, this estimate has changed +0.1%. Click to get this free reportBank of America Corporation (BAC) : Free Stock Analysis ReportTo read this article on Zacks.com click here. We help more people save through partnerships with leading financial institutions and state governments. For example, these agencies will be prohibited from any financing for coal-fired power plants so that U.S. finance is no longer a dirtier alternative to the World Bank. //--> So, look, we've got our assumptions in there to be competitive on deposit pricing in each of the various segments. if necessary, seek professional advice. For the current fiscal year, the consensus earnings estimate of $3.20 points to a change of -10.4% from the prior year. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Should You Buy the 5 Highest-Paying Dividend Stocks in the S&P 500? Al Mouna est aussi un centre de dialogue interreligieux, un lieu de formation en langues et un lieu de promotion du bilinguisme. " For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts. "We've got an opportunity to restrike our balance sheet at higher rates with every opportunity now, as things come off of our existing securities portfolio. Andy Aldridge, Bank of AmericaPhone: 980.387.0514andrew.aldridge@bofa.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/urban-alliance-smithsonian-institution-and-bank-of-america-promote-diversity-in-the-arts-through-newly-announced-andrew-plepler-internship-program-301649646.html, https://www.prnewswire.com/news-releases/urban-alliance-smithsonian-institution-and-bank-of-america-promote-diversity-in-the-arts-through-newly-announced-andrew-plepler-internship-program-301649646.html, RPT--China's healthcare system put to the test as COVID curbs fade, Asia Stocks to Open Down in Week of Rate Decisions: Markets Wrap, Exclusive-Toyota to outline 3-year EV plan changes to suppliers -sources, Chinese consumers wary of splurging after COVID strictures fall, UPDATE 1-Soccer-Chelsea on top after nervy win, Manchester derby ends in a draw. The above stock gives details related to interim dividend and record date. Saving Money. 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