How to Buy Bank Of America Stock
Bank Of America Corp
Bank Of America is a diversified bank company located in North Carolina, United States, which is part of the Financial Services sector, and is traded under the ticker BAC on the NYSE exchange.
Bank Of America stock last closed at $42.56, down 0.61% from the previous day, and has increased 12.56% in one year. It has underperformed other stocks in the Banks - Diversified industry by 0.05 percentage points. Bank Of America stock is currently +24.63% from its 52-week low of $34.15, and -11.48% from its 52-week high of $48.08.
As of Mar 27, 2025, there are 7.6B BAC shares outstanding. The market capitalization of BAC is $323.66B. In the past 24 hours, 25.52M BAC shares were traded.
How to Buy Bank Of America Stock
Not sure how to invest in Bank Of America stock? Here's how.
- Decide where to buy Bank Of America stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Bank Of America stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your method of payment and add your details.
- Research Bank Of America stock: The Bank Of America ticker symbol is BAC. Is Bank Of America stock a good investment? Should you buy shares of BAC? How do BAC's underlying business fundamentals look? Do top analysts think Bank Of America is a good buy? Why has BAC's stock price moved recently? (Hint: Our stock market analysis website can help you understand if BAC is a good stock to buy).
- Place your BAC buy order: Decide if you will purchase BAC shares at the current market price or use a limit order to buy BAC stock at a specific price.
- Get notifications regarding your BAC position: Create a watchlist to keep track of your investment in Bank Of America shares.
Step 1: Decide where to buy Bank Of America stock
You need an online brokerage account in order to access the NYSE market and buy BAC stock.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected the right brokerage, you'll need to fill out some personal details so you can buy BAC today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new brokerage account.
- Send your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have finished signing up on the best stock app, you need to deposit funds:
Watch the walkthrough below if you need help depositing funds into your new brokerage account.
Step 4: Research Bank Of America stock
After you have identified the best place to buy Bank Of America stock, it's very important to research their stock prior to investing, so you truly comprehend the risk as well as the upside.
Bank Of America Metrics
BAC Due Diligence Score
WallStreetZen was built to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on BAC's stock page.
How is BAC stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge BAC's fair value.
Using relative valuations ratios:
- BAC could be undervalued based on its P/E ratio of 13.1x, relative to Banks - Diversified industry P/E ratio of 13.31x
- BAC may be undervalued based on its P/B ratio of 1.1x, relative to Banks - Diversified industry P/B ratio of 1.28x
- BAC may be undervalued based on its PEG ratio of 0.91x
You can access more valuation research on BAC's stock here.
BAC Financial Summary
Cons:
- BAC has a relatively high debt to equity ratio of 10.04.
- BAC profit margin has gone down from 25.2% to 25% in the past year.
- Total BAC debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy Bank Of America stock, according to analysts?
Out of 14 sell side analysts who give recommendations on BAC, the consensus analyst rating on Bank Of America is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent BAC Analyst Ratings
John McDonald, a bottom 24% analyst from Truist Securities maintains BAC with a strong buy rating and raises their BAC price target from $52.00 to $53.00, on Jan 17, 2025.
Glenn Schorr, a top 13% analyst from Evercore ISI Group maintains BAC with a buy rating and lowers their BAC price target from $53.00 to $51.00, on Jan 17, 2025.
Erika Najarian, a bottom 11% analyst from UBS upgrades BAC to a strong buy rating and announces their BAC price target of $53.00, on Jan 7, 2025.
Jason Goldberg, a bottom 26% analyst from Barclays maintains BAC with a strong buy rating and raises their BAC price target from $53.00 to $58.00, on Jan 6, 2025.
David Konrad, a top 11% analyst from Keefe, Bruyette & Woods maintains BAC with a buy rating and raises their BAC price target from $50.00 to $57.00, on Dec 3, 2024.
You can dive deeper into what analysts are projecting on the Bank Of America stock forecast page.
Metrics for Advanced BAC Traders
BAC Performance Numbers
Last year, BAC earnings were $25.50B. In the last 5 year, BAC's earnings have increased by 3.25% per year. This was slower than the Banks - Diversified industry average of 9.31%.
Last year, BAC revenue was $101.89B. In the past 5 year, BAC's revenue has gone up by 2.23% per year. This was slower than the Banks - Diversified industry average of 4.14%.
Learn more about BAC's earnings and revenue performance here.
Who is buying/selling BAC?
Over the last 12 months, insiders at BAC have sold more shares than they have bought.
Brian T. Moynihan, Chair and CEO of BAC, was the latest BAC insider to sell. They sold $731,562.99 worth of BAC stock on Mar 15, 2025.
Research more about who owns BAC shares here.
Can I get consistent income from BAC stock?
Bank Of America pays a dividend of 1.83%, compared to the Banks - Diversified industry's average dividend yield of 3.51%. If you owned $1,000 worth of BAC stock, you would have been paid $18.33 in the past 12 months.
Bank Of America dividend payments have consistently grown over the past decade and have remained stable.
Find more info about Bank Of America dividend yield and history here.
What others are saying about BAC
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your BAC buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a given price limit, use a limit order.
Click the Open Trade button and eToro will execute your order.
If you want more help with investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your BAC position
Now that you own some shares in BAC, you'll want to stay up-to-date on your new stock purchase.
Put BAC on a watchlist to get alerted to the latest events about your BAC stock.
BAC Feed
How to Buy Stock in Bank Of America
To reiterate, here are the 6 steps to buy stock in Bank Of America:
- Decide where to buy Bank Of America stock
- Open your brokerage account
- Deposit money your brokerage account
- Research Bank Of America stock
- Place your BAC buy order
- Get notifications regarding your BAC position
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to watch your new investment in Bank Of America, hit the button below to create your watchlist.
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