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Are you looking to buy Bank of America stocks? Chech our BAMagazine with an in-depth review, check prices, statistics and see if buying this stock is interesting right now. This article will help you buy NYSE:BAC! and analyze the company to see if this stock might be an interesting option to invest in. We will enlighten you about Bank of America stocks and how to buy and use them. Click on the button to start reading the review right now or scroll down for real time statistics about this company.
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. It operates in Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets segments. The Consumer Banking segment offers traditional and money market savings accounts, CDs 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. The GWIM segment offers investment management, brokerage, banking, and trust and retirement products; and wealth management solutions, as well as customized solutions, including specialty asset management services. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, fixed-income, and mortgage-related products. As of May 7, 2020, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 16,900 ATMs; and digital banking platforms with approximately 39 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.
Average volume
55.15 million shs
MARKET CAP
$284.96 billion
Stock exchange
NYSE
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- Stephen Johnson
- May 6, 2021
- No Comments
How to buy Bank of America stocks?
Below is a quick guide on how to buy NYSE:BAC stocks safe, fast and around the world in less than five minutes.
Step 1: Open an account with eToro – eToro is the best broker to buy Bank of America shares in the world as you won’t pay any commissions. To do this, visit the eToro website and open an account, it is 100% safe and they offer a huge amount of stocks.
Step 2: Upload your ID – As per KYC regulations eToro will ask you to upload a copy of your passport or driver’s license.
Step 3: Deposit Funds – Deposit some money into your newly created eToro account. You can choose between wire transfer, e-wallet or debit/credit card or Paypal.
Step 4: Buy Bank of America – Search for “”NYSE:BAC”” and click on the “”Trade”” button. Enter the total amount of your investment (minimum $50) and confirm the order by clicking the “”Open Trade”” button. And that’s it: you have just bought Bank of America stocks with 0% commission!.
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Is Bank of America a buy right now?
23 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Bank of America in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should “buy” Bank of America stock.
What stocks does BAMagazine like better than Bank of America?
Wall Street analysts have given Bank of America a “Buy” rating, but there may be better short-term opportunities in the market. Some of BAMagazine’s past winning trading ideas have resulted in 5-15% weekly gains. BAMagazine just released five new trading ideas, but Bank of America wasn’t one of them. BAMagazine thinks five stocks may be even better buys in the how to buy stocks guide.
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How to buy Bank of America stocks step by step guide
It can be difficult to navigate through all the outdated and incorrect information related to purchasing NYSE:BAC stocks. We believe that stocks should be accessible for all, which is why we’ve created this handy guide on where to buy Bank of America stocks with a step by step approach.
Step 1: Open an Account with a Broker
You’ll need to register with a broker, in these times you can’t go without once and it’s crucial to use a regulated broker that’s allowed to operate there, otherwise, you risk losing funds. eToro is one such broker, and one of the best brokers to buy Bank of America stocks with 0% comission, to sign up just click on open account in the following table or compare other options.
Step 2: Verify your Account
Because eToro is a regulated platform, you’ll need to complete the KYC process, this is standard practice and only takes a couple of minutes. You’ll need to provide a photo ID (passport, driving licence) and proof of address (utility bill, bank statement).
Step 3: Fund your eToro Account
Once you’ve signed up and verified your account, you’ll need to deposit funds. eToro accepts credit/debit cards, bank transfers, and also e-wallets. So whatever your preference there will be something for you.
Step 4: Search for Bank of America stocks
Now that you’ve funded your eToro account, just type “NYSE:BAC stocks” into the search bar at the top of the screen and press “trade”.
Step 5: Buy NYSE:BAC
All that’s left is to buy some NYSE:BAC stock. Simply enter the amount you want to purchase and hit the “buy” button. The amount you bought will be automatically credited to your account where you can monitor its performance.
How And Where To Buy Stocks Conclusion
All in all, NYSE:BAC is an incredibly interesting company that has the potential to solve some major issues in the business space. After reading this guide you should know how to buy this investment using the best broker or platform. We recommend eToro to anyone looking for a regulated, easy-to-use, fully-featured broker to buy Bank of America stocks. As with any broker or online platform, it’s crucial you set up 2FA when using their tools as it ensures your funds are completely safe.
When is Bank of America’s next earnings date?
Bank of America is scheduled to release its next quarterly earnings announcement on Wednesday, April 21st 2021.
View our earnings forecast for Bank of America.
How were Bank of America’s earnings last quarter?
Bank of America Co. (NYSE:BAC) issued its earnings results on Tuesday, January, 19th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The financial services provider had revenue of $20.10 billion for the quarter, compared to analyst estimates of $20.76 billion. Bank of America had a net margin of 19.50% and a trailing twelve-month return on equity of 8.00%. Bank of America’s revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS.
View Bank of America’s earnings history.
How has Bank of America’s stock been impacted by COVID-19 (Coronavirus)?
Bank of America’s stock was trading at $22.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, BAC stock has increased by 43.6% and is now trading at $32.55.
How often does Bank of America pay dividends? What is the dividend yield for Bank of America?
Bank of America announced a quarterly dividend on Tuesday, January 19th. Investors of record on Friday, March 5th will be paid a dividend of $0.18 per share on Friday, March 26th. This represents a $0.72 annualized dividend and a yield of 2.21%. The ex-dividend date is Thursday, March 4th.
View Bank of America’s dividend history.
Where to Buy Bank of America Stocks Broker Reviews
Launched in 2006, eToro is, in our opinion, without a doubt the best broker for buying NYSE:BAC stocks in the world. The onboarding process is simple, it’s designed to make sure even those new to the stock market are ready to start investing the shortest amount of time possible. As a regulated platform you gain several benefits, most importantly, you know they’re not going to run off with your hard-earned money./
- eToro takes pride in keeping their customers safe, they follow strict data protection rules to keep access to sensitive information to a minimum. Any of the information you provide eToro is even protected by SSL encryption, this ensures that even if someone were to gain access to the servers all your data remains safe.
Over 95% of client funds are kept offline, in cold storage, which is crucial for any broker that manages your assets. Regardless of how secure a platform is meant to be, we recommend using 2FA to add an additional layer of security to your account.
Excellent for both new and experienced traders
eToro offers users a range of features to start investing as quickly as possible. They have a relatively unique feature called copy trading, which lets you earn a passive income by mirroring experienced traders, this allows you to start earning profit quickly, and gives you a better understanding of the strategies used by professionals. Additionally, eToro allows users to invest in managed portfolios, a managed portfolio being a variety of similar assets grouped together, allowing you to diversify your account, reducing any potential risk. For those with previous trading experience, you can invest in markets outside of stocks, as eToro allows users to trade ETFs, commodities, crypto and indices. If you already invest outside of the stock market space this can be very useful, as it allows you to manage all your investments in just one place.
Is Bank of America a good dividend stock?
Bank of America pays an annual dividend of $0.72 per share and currently has a dividend yield of 2.22%. Bank of America does not yet have a strock track record of dividend growth. The dividend payout ratio of Bank of America is 24.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Bank of America will have a dividend payout ratio of 32.43% next year. This indicates that Bank of America will be able to sustain or increase its dividend.
View Bank of America’s dividend history.
How will Bank of America’s stock buyback program work?
Bank of America announced that its Board of Directors has approved a share buyback plan on Tuesday, January 19th 2021, which permits the company to repurchase $2,900,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
Compliance
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
What price target have analysts set for BAC?
23 brokers have issued 12-month price objectives for Bank of America’s stock. Their forecasts range from $24.00 to $40.00. On average, they expect Bank of America’s stock price to reach $33.08 in the next twelve months. This suggests a possible upside of 1.6% from the stock’s current price.
View analysts’ price targets for Bank of America or view top-rated stocks among Wall Street analysts.
Who are Bank of America’s key executives?
Bank of America’s management team includes the following people:
Mr. Brian Thomas Moynihan, Chairman, CEO & Pres (Age 62, Pay $1.83M)
Mr. Paul M. Donofrio, Chief Financial Officer (Age 61, Pay $5.85M)
Mr. Thomas Kell Montag, COO & Pres of Global Banking and Markets (Age 64, Pay $8.97M)
Mr. Dean C. Athanasia, Pres of Consumer & Small Bus. (Age 54, Pay $5.65M)
Mr. Geoffrey S. Greener, Chief Risk Officer (Age 56, Pay $5.86M)
Ms. Catherine Pombier Bessant, Chief Operations & Technology Officer (Age 61)
Mr. Rudolf A. Bless, Chief Accounting Officer
Mr. Matthew M. Koder, Pres of Global Corp. & Investment Banking
Ms. Andrea Bradley Smith, Chief Admin. Officer (Age 53)
Mr. E. Lee McEntire, Sr. VP of Investor Relations
What is Brian T. Moynihan’s approval rating as Bank of America’s CEO?
10,089 employees have rated Bank of America CEO Brian T. Moynihan on Glassdoor.com. Brian T. Moynihan has an approval rating of 92% among Bank of America’s employees. This puts Brian T. Moynihan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
Who are some of Bank of America’s key competitors?
Some companies that are related to Bank of America include JPMorgan Chase & Co. (JPM), Industrial and Commercial Bank of China (IDCBY), Wells Fargo & Company (WFC), Citigroup (C), Truist Financial (TFC), U.S. Bancorp (USB), The PNC Financial Services Group (PNC), UBS Group (UBS), National Australia Bank (NABZY), Capital One Financial (COF), DBS Group (DBSDY), Intesa Sanpaolo (ISNPY), Mizuho Financial Group (MFG), China Minsheng Banking (CMAKY) and Standard Chartered (SCBFF).
View all of BAC’s competitors.
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What other stocks do shareholders of Bank of America own?
Based on aggregate information from BAMagazine watchlists, some companies that other Bank of America investors own include JPMorgan Chase & Co. (JPM), AT&T (T), Micron Technology (MU), General Electric (GE), Intel (INTC), Citigroup (C), Alibaba Group (BABA), NVIDIA (NVDA), The Walt Disney (DIS) and Wells Fargo & Company (WFC).
What is Bank of America’s stock symbol?
Bank of America trades on the New York Stock Exchange (NYSE) under the ticker symbol “BAC.”
Who are Bank of America’s major shareholders?
Bank of America’s stock is owned by many different institutional and retail investors. Top institutional shareholders include Boston Partners (0.35%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), California Public Employees Retirement System (0.21%), Pzena Investment Management LLC (0.13%), New York State Teachers Retirement System (0.12%) and US Bancorp DE (0.09%). Company insiders that own Bank of America stock include Berkshire Hathaway Inc, Dean C Athanasia, Frank P Bramble, Kathleen A Knox and Of America Corp /De/ Bank.
View institutional ownership trends for Bank of America.
Which major investors are selling Bank of America stock?
BAC stock was sold by a variety of institutional investors in the last quarter, including Sumitomo Mitsui Trust Holdings Inc., M&G Investment Management Ltd., Boston Partners, Hexavest Inc., Sadoff Investment Management LLC, Fort Washington Investment Advisors Inc. OH, NorthCoast Asset Management LLC, and New York State Teachers Retirement System.
View insider buying and selling activity for Bank of America or view top insider-selling stocks.
Which major investors are buying Bank of America stock?
BAC stock was acquired by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Robeco Institutional Asset Management B.V., PGGM Investments, California Public Employees Retirement System, Ceredex Value Advisors LLC, Meitav Dash Investments Ltd., Daiwa Securities Group Inc., and DNB Asset Management AS. Company insiders that have bought Bank of America stock in the last two years include Berkshire Hathaway Inc, and Of America Corp /De/ Bank.
View insider buying and selling activity for Bank of America or or view top insider-buying stocks.
How do I buy shares of Bank of America?
Shares of BAC can be purchased through any online brokerage account. Popular online brokerages with access to the stock market include Interactive Brokers Review, eToro Review, DEGiro Review, AvaTrade Review, IG Markets Review, IC Markets Review, CMC Markets Review, Admiral Markets Review and many more. Read one of the reviews to find out everything about the broker and start buying stocks now.
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Frequently asked questions
How to buy Bank of America stocks?
The safest and easiest way to buy NYSE:BAC stocks is by using a regulated broker like eToro or DEGiro. You can open an account with the platform, make a deposit and buy this stock in under 5 minutes from start to finish.
Opening an account with one of these brokers is a smart move, they have been active for more then 10 years, are very safe to use and they have the best platform for novice and experienced traders. If you want to learn more then we suggest you to read our eToro or DeGiro guides.
Where to buy Bank of America stock?
You will first want to find a licensed broker that supports Bank of America stock. One of our favourite brokers, eToro for example, allows you to make investments into this asset from just $25 and only charges you the spread. Another option is using a regulated broker like DEGIRO or Interactive Brokers. You can open an account with these brokers and start buying or trading NYSE:BAC stocks in a safe and complete environment.
Is NYSE:BAC stock a good investment?
As with any other asset, there is an element of risk associated with buying NYSE:BAC stocks. Therefore, you will want to study the market and make a decision based on your financial standing and the risk you are willing to take.
Is Bank of America stock safe to invest in?
All stocks are volatile, or affected by market circumstances. The case with NYSE:BAC is no different, with its price fluctuating dramatically within short periods. As such, if the market goes against you, then you will end up facing a loss. We advice you to do research first before investing in Bank of America stock.
How do you trade Bank of America stocks?
You can trade stocks by first opening an account with a regulated platform and making a deposit in US dollars, EUROs or other currency. Next, search for Bank of America stock and choose from a buy or sell order – depending on whether you think the stock asset will rise or fall in value. If you speculated on NYSE:BAC stocks correctly, you will have made a profit. The size of your trading profit will ultimately be determined by your stake and at what percentage your position grew.
How to sell Bank of America stock?
To sell your NYSE:BAC stocks investment, you can sign in to your broker account and cash out directly from within your portfolio. If you have stored the stocks elsewhere, you will first have to transfer them to a third-party provider or broker to cash out.
What is the best Bank of America stock trading platform?
eToro, is a top-rated platform for beginners, albeit, it charges significantly lower fees. For example, there are no fees to deposit with a debit/credit card and you only need to cover the spread when trading NYSE:BAC stock.
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Stephen Johnson
Stephen knows a lot about financial products and in particular has a great passion for the stock markets and its participants. We hope that the information provided will help you. Something not quite clear? Please leave your questions or comments at the bottom of the page.
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