Bank of America Corporation preferred BAC.PR.Q is upgraded to Hold, reflecting its yield now mid-range among major bank peers. BAC.PR.Q offers a 6.0% yield with strong dividend (21x coverage) and principal (10.7x coverage) protection, minimizing default risk. BAC.PR.Q benefits from call protection and a lower coupon, making it preferable to BAC.PR.N for taxable accounts.
WFC, BAC and JPM could regain mortgage market share as the Fed weighs easing capital rules, pressuring non-banks like RKT and PFSI.
Zacks.com users have recently been watching Bank of America (BAC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Bank of America is launching a no-fee rewards program, thus opening relationship perks to 30M+ checking clients and nudging deeper deposits, cards and wealth ties.
Goldman Sachs is the acknowledged leader in the investment landscape on Wall Street and worldwide.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes?
Bank of America Corporation demonstrates strong financial health, with net interest income up 10% YoY and robust coverage of preferred dividends. BAC's preferred shares, notably Series PP, offer a near 6% yield and trade at a 30% discount to par, presenting attractive risk/reward. Despite a 20% EPS increase to $3.86 in FY 2025, BAC trades at 14x earnings; consensus estimates suggest a forward multiple of 10.5x.
Bank of America (BAC) reported earnings 30 days ago. What's next for the stock?
Shares of Wells Fargo & Company WFC have gained 14.2% in the past six months compared with the industry's rise of 11.3%. Its peers, Citigroup C and Bank of America BAC have risen 24% and 14%, respectively, over the same time frame.
“The market is oversupplied, inventories are rising,” Francisco Blanch, head of commodities research at Bank of America Global Research, says in Bloomberg Television interview. “We expect roughly a 2 million barrel-a-day surplus this year in the global Brent market,” he says.
Bank of America Corporation (BAC) Presents at Bank of America Financial Services Conference 2026 Transcript
Bank of America BAC stock is currently trading at a 12-month trailing price-to-tangible book (P/TB) of 2.04X, which is below the industry's 3.42X. This shows the stock is trading at a discount.