How to buy Bank of America (BAC) shares in Australia

Learn how to easily invest in Bank of America shares.

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Bank of America Corporation is a banks-diversified business with stocks listed in the US. Bank of America shares (BAC) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was US$44.92 – a decrease of 6.24% over the previous week. Here's how to invest if you're based in Australia.

How to buy shares in Bank of America

  1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Bank of America. Find the share by name or ticker symbol: BAC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Bank of America reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$48.76, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Bank of America, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Bank of America. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Bank of America stock price (NYSE:BAC)

Use our graph to track the performance of BAC stocks over time.

Bank of America shares at a glance

Information last updated 2022-01-22.
52-week rangeUS$29.0115 - US$50.08
50-day moving average US$45.8224
200-day moving average US$42.7154
Target priceUS$51.36
PE ratio 12.5826
Dividend yield US$0.78 (1.87%)
Earnings per share (TTM) US$3.57

Where to buy Bank of America stock

Name Product Standard brokerage for US shares Currency conversion fee Markets
eToro (global stocks)
US$0
50 pips (US$0.50 for every AU$100 exchanged)
Global shares, US shares, ETFs
Zero brokerage share trading on US, Hong Kong and European stocks with trades as low as $50.
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Join the world’s biggest social trading network when you trade stocks, commodities and currencies from the one account.
IG Share Trading
US$0
0.70%
ASX shares, Global shares
$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian shares, international shares, plus get access to 24-hour customer support.
Superhero share trading
US$0
50 pips (US$0.50 for every AU$100 exchanged)
ASX shares, US shares, ETFs
Earn up to 15,000 Qantas frequent flyer points when you transfer an exisiting balance or trade. Offer valid for all new and existing Superhero members until 28 February.
Pay zero brokerage on US stocks and all ETFs and just $5 (flat fee) to trade Australian shares from your mobile or desktop.
CMC Markets Invest
US$0
0.60%
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.
Saxo Capital Markets (Classic account)
US$4
1%
ASX shares, Global shares, ETFs
Access 19,000+ stocks on 40+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
SelfWealth (Basic account)
US$9.5
0.60%
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Bank of America stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Bank of America share growth calculator

US$

Use the fields above to explore the returns from a historical investment. Please refer to the charts further up this page to see performance over 5 years, or other periods. Past performance doesn't indicate future results. Capital is at risk.

Bank of America price performance over time

Historical closes compared with the last close of $44.92

1 week (2022-01-13) -7.88%
1 month (2021-12-23) 1.13%
3 months (2021-10-22) -5.57%
6 months (2021-07-23) 19.15%
1 year (2021-01-22) 42.38%
2 years (2020-01-23) 31.65%
3 years (2019-01-23) 55.33%
5 years (2017-01-23) 99.11%

Is Bank of America under- or over-valued?

Valuing Bank of America stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Bank of America's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Bank of America's P/E ratio

Bank of America's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 13x. In other words, Bank of America shares trade at around 13x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Bank of America's PEG ratio

Bank of America's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.015. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Bank of America's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Bank of America financials

Revenue TTM US$93.7 billion
Operating margin TTM 36.26%
Gross profit TTM US$93.7 billion
Return on assets TTM 1.07%
Return on equity TTM 11.78%
Profit margin 34.13%
Book value 30.374
Market capitalisation US$367.6 billion

TTM: trailing 12 months

Bank of America's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Bank of America.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Bank of America's total ESG risk score

Total ESG risk: 34.53

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Bank of America's overall score of 34.53 (as at 12/31/2018) is nothing to write home about – landing it in it in the 55th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Bank of America is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Bank of America's environmental score

Environmental score: 7.74/100

Bank of America's environmental score of 7.74 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Bank of America is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Bank of America's social score

Social score: 23.11/100

Bank of America's social score of 23.11 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Bank of America is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Bank of America's governance score

Governance score: 14.68/100

Bank of America's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Bank of America is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Bank of America's controversy score

Controversy score: 3/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Bank of America scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Bank of America hasn't always managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Bank of America Corporation was last rated for ESG on: 2019-01-01.

Total ESG score 34.53
Total ESG percentile 54.88
Environmental score 7.74
Environmental score percentile 8
Social score 23.11
Social score percentile 8
Governance score 14.68
Governance score percentile 8
Level of controversy 3

Bank of America share dividends

19%

Dividend payout ratio: 18.8% of net profits

Recently Bank of America has paid out, on average, around 18.8% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.87% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Bank of America shareholders could enjoy a 1.87% return on their shares, in the form of dividend payments. In Bank of America's case, that would currently equate to about $0.78 per share.

While Bank of America's payout ratio might seem low, this can signify that Bank of America is investing more in its future growth.

Bank of America's most recent dividend payout was on 30 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 1 December 2021 (the "ex-dividend date").

Have Bank of America's shares ever split?

Bank of America's shares were split on a 2:1 basis on 29 August 2004. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Bank of America shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Bank of America shares which in turn could have impacted Bank of America's share price.

Bank of America share price volatility

Over the last 12 months, Bank of America's shares have ranged in value from as little as US$29.0115 up to US$50.08. A popular way to gauge a stock's volatility is its "beta".

BAC.US volatility(beta: 1.49)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Bank of America's is 1.4911. This would suggest that Bank of America's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Bank of America overview

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. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit 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 company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. As of April 15, 2021, it served approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers; approximately 17,000 ATMs; and digital banking platforms with approximately 40 million active users. The company was founded in 1784 and is headquartered in Charlotte, North Carolina.

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