Last ¥1,770 JPY
Change Today +48.00 / 2.79%
Volume 4.6K
8648 On Other Exchanges
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As of 1:47 AM 10/22/14 All times are local (Market data is delayed by at least 15 minutes).

bank of america corp (8648) Snapshot

Open
¥1,770
Previous Close
¥1,722
Day High
¥1,770
Day Low
¥1,760
52 Week High
10/6/14 - ¥1,905
52 Week Low
11/8/13 - ¥1,344
Market Cap
18.6T
Average Volume 10 Days
2.7K
EPS TTM
--
Shares Outstanding
10.5B
EX-Date
09/3/14
P/E TM
--
Dividend
¥0.20
Dividend Yield
0.47%
Current Stock Chart for BANK OF AMERICA CORP (8648)

bank of america corp (8648) Details

Bank of America Corporation, through its subsidiaries, provides various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations, and governments in the United States and internationally. The company’s Consumer & Business Banking segment offers traditional and money market savings accounts, CDs and IRAs, checking accounts, and investment accounts and products, as well as credit and debit cards; and lending related products and services, working capital management, and treasury solutions. This segment provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchase and refinancing needs, home equity lines of credit, and home equity loans. The company’s Global Wealth & Investment Management segment provides investment and brokerage, estate and financial planning, fiduciary portfolio management, cash and liability management, and specialty asset management services; and retirement and benefit plan, philanthropic management, and asset management services. Its Global Banking segment provides various commercial loans, leases, commitment facilities, trade finance, real estate and asset-based loans, and consumer loans; treasury management, foreign exchange, and short-term investing options; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company’s Global Markets segment offers sales and trading services for securities and derivative products in primary and secondary markets; market-making, financing, securities clearing, settlement, and custody services to institutional investor clients; and risk management products. The company was founded in 1874 and is based in Charlotte, North Carolina.

229,538 Employees
Last Reported Date: 10/15/14
Founded in 1874

bank of america corp (8648) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.5M
Chief Financial Officer
Total Annual Compensation: $5.3M
Chief Operating Officer
Total Annual Compensation: $6.8M
Vice Chairman
Total Annual Compensation: $4.6M
Head of Compliance & Regulatory Relations and...
Total Annual Compensation: $4.1M
Compensation as of Fiscal Year 2013.

bank of america corp (8648) Key Developments

Bank of America to Lay Off 75 Employees in Addison, Texas

Bank of America announced that it is set to lay off 75 jobs at its Legacy Asset Servicing unit in Addison, Texas in the next 90 days. The job cuts are expected to be permanent. The bank will offer career transition resources, severance pay and benefits to eligible associates.

Bank of America Corporation Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge-Offs for the Third Quarter Ended September 30, 2014

Bank of America Corporation reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $10,219 million compared to $10,266 million a year ago. Total revenue, net of interest expense was $21,209 million compared to $21,530 million a year ago. Net loss applicable to common shareholders was $70 million or $0.01 per diluted share compared to net income applicable to common shareholders of $2,218 million or $0.20 per diluted share a year ago. Return on average assets was 0.03% compared to 0.47% a year ago. Return on average tangible shareholders' equity was 0.40% compared to 6.32% a year ago. Book value per share of common stock was $21.03 compared to $20.50 a year ago. Tangible book value per share of common stock was $14.13 compared to $13.62 a year ago. For the nine months, the company reported net interest income of $30,317 million compared to $31,479 million a year ago. Total revenue, net of interest expense was $65,522 million compared to $67,454 million a year ago. Net income applicable to common shareholders was $1,451 million or $0.14 per diluted share compared to $6,899 million or $0.62 per diluted share a year ago. Return on average assets was 0.14% compared to 0.49% a year ago. Return on average common shareholders’ equity was 0.87% compared to 4.23% a year ago. Return on average tangible common shareholders' equity was 1.30% compared to 6.40% a year ago. Return on average tangible shareholders' equity was 0.1.78% compared to 6.67% a year ago. Net charge-offs for the third quarter was $1,043 million compared to $1,687 million a year ago.

Bank of America Corporation Declares Preferred Dividends

Bank of America Corporation announced the Board of Directors has authorized dividends on preferred stock. A quarterly cash dividend of $0.38775 per depositary share on the 6.204% Non-Cumulative Preferred Stock, Series D, is payable on December 15, 2014 to shareholders of record as of November 28, 2014. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series E, is payable on November 17, 2014 to shareholders of record as of October 31, 2014. A quarterly cash dividend of $1,011.11111 per share on the Floating Rate Non-Cumulative Preferred Stock, Series F, is payable on December 15, 2014 to the shareholder of record as of November 28, 2014. A quarterly cash dividend of $1,011.11111 per share on the Adjustable Rate Non-Cumulative Preferred Stock, Series G, is payable on December 15, 2014 to the shareholder of record as of November 28, 2014. A quarterly cash dividend of $0.4140625 per depositary share on the 6.625% Non-Cumulative Preferred Stock, Series I, is payable on January 2, 2015 to shareholders of record as of December 15. A semi-annual cash dividend of $40.625 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series M, is payable on November 17 to shareholders of record as of October 31. A quarterly cash dividend of $26.00 per depositary share on the Fixed to Floating Rate Non-Cumulative Preferred Stock, Series U, is payable on December 1 to shareholders of record as of November 15. A semi-annual cash dividend of $25.625 per depositary share on the Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series V, is payable on December 17 to shareholders of record as of December 1. A quarterly cash dividend of $0.4140625 per depositary share on the 6.625% Non-Cumulative Preferred Stock, Series W, is payable on December 9 to shareholders of record as of November 15. A quarterly cash dividend of $0.18750 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 1, is payable on November 28 to shareholders of record as of November 15. A quarterly cash dividend of $0.19167 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 2, is payable on November 28 to shareholders of record as of November 15. A quarterly cash dividend of $0.3984375 per depositary share on the 6.375% Non-Cumulative Preferred Stock, Series 3, is payable on November 28 to shareholders of record as of November 15. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 4, is payable on November 28 to shareholders of record as of November 15. A quarterly cash dividend of $0.25556 per depositary share on the Floating Rate Non-Cumulative Preferred Stock, Series 5, is payable on November 21 to shareholders of record as of November 1.

 

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8648:JP ¥1,770.00 JPY +48.00

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Industry Analysis

8648

Industry Average

Valuation 8648 Industry Range
Price/Earnings 38.7x
Price/Sales 2.1x
Price/Book 0.8x
Price/Cash Flow 31.1x
TEV/Sales NM Not Meaningful
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