A Comprehensive Look at Bank of America Stock Price History

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Hand on tablet displaying stock quotes. Euro cash currency.
Credit: pexels.com, Hand on tablet displaying stock quotes. Euro cash currency.

Bank of America has been a major player in the financial industry for over a century. Founded in 1904, the bank has a rich history that spans over 118 years.

The bank's stock price has experienced significant fluctuations over the years. In 2008, the stock price plummeted to a low of $3.84 per share due to the financial crisis.

From 2010 to 2017, the stock price steadily increased, reaching a high of $30.62 per share in 2017. This growth was largely driven by the bank's efforts to recover from the financial crisis and expand its operations.

Bank of America's stock price has been influenced by various economic and market factors. The bank's ability to adapt to changing market conditions has been a key factor in its success.

Stock Price History

Bank of America's stock price has had its fair share of ups and downs over the years. The bank's current form dates back to 1980, when the ticker BAC first debuted on the New York Stock Exchange.

Credit: youtube.com, Bank of America Stock Price History 2015- 2020

Bank of America's history stretches back over 200 years to the Bank of Italy, which expanded to America in 1922. In its early days, the bank's stock price hit an all-time-low on August 12, 1982, when they closed at $1.47.

The 1980s were a slow period for Bank of America's stock price, but the thriving economic period in the 1990s brought the bank to the forefront of Wall Street finance. During this time, shares of Bank of America rose over six-fold, from $4 to over $26.

Bank of America's stock price has had some significant fluctuations over the years. Here are some key milestones:

The bank's stock price has been relatively stable in recent years, with a weekly volatility of 4% over the past year.

Dividend and Shareholder Information

Bank of America has a long history of paying dividends, with a current dividend yield of 2.23% and a forward dividend yield of 2.32%. This is a reliable source of income for investors.

Credit: youtube.com, If You Invested In Bank of America Every Month Your Future Annual Dividend Income Would Be This Much

The company has consistently paid dividends since 2001, with the highest dividend payment being $2.24 in 2008. This is a significant amount, especially considering the economic conditions at the time.

Here are the dividend payments for Bank of America over the years:

In recent years, the dividend payout ratio has been relatively low at 0.35, indicating that the company has been able to maintain a healthy dividend while also investing in its business. The 3-year dividend growth rate has been 8.5%, which is a positive sign for investors.

Bank of America also has a significant share buyback program, with a 3-year average share buyback ratio of 3. This means that the company has been actively buying back its own shares, which can help to increase the value of existing shares for investors.

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Performance Metrics

Bank of America's stock price has seen significant fluctuations over the past year, with a 1 Year Change of 30.15% and a 3 Month Change of 12.14%. This indicates a notable increase in the company's value.

Credit: youtube.com, 🚀 BAC Stock Analysis: What to Expect Before Q4 Earnings on Jan 16! Will It Surge?

The 52 Week High and Low prices are US$48.08 and US$31.27, respectively, showing a wide range of price movements within the past year.

The company's current share price is US$44.81, which is a relatively stable figure compared to the 52 Week High.

Bank of America's beta is 1.35, indicating that the company's stock price is moderately volatile.

Here's a summary of the company's performance metrics:

The company's 3-Year Revenue Growth Rate is 7.9%, indicating a steady increase in revenue over the past three years.

Frequently Asked Questions

How high will Bank of America stock go?

According to analyst forecasts, Bank of America stock is predicted to reach up to $57, representing a potential 4.24% increase from its current price of $44.34.

Richard Harvey-Nolan

Junior Writer

Richard Harvey-Nolan is a rising star in the world of journalism, with a keen eye for detail and a passion for storytelling. With a background in economics and a love for finance, he brings a unique perspective to his writing. As a young journalist, Richard has already made a name for himself in the industry, covering a range of topics including precious metals news.

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