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

Learn how to easily invest in Bank of America shares.

Bank of America Corp 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$44.17 – a decrease of 3.28% 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 company listed in the US from Australia you'll need to find a trading platform that offers access to US stock markets. 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, which will typically include 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 that matches 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 using consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of US$44.17, 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.

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 the split, the next day you would own 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 shares at a glance

Information last updated 2024-12-18.
52-week range US$30.4941 - US$47.814
50-day moving average US$44.4388
200-day moving average US$40.2659
Target price US$49.1252
PE ratio 15.7609
Dividend yield US$0.98 (2.39%)
Earnings per share (TTM) US$2.76

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 $44.17

1 week (2024-12-13) -3.28%
1 month (2024-11-21) -4.93%
3 months (2024-09-20) 9.68%
6 months (2024-06-21) 11.85%
1 year (2023-12-21) 33.04%
2 years (2022-12-21) 35.16%
3 years (2021-12-21) -0.05%
5 years (2019-12-20) 26.34%

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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. However, this is not a recommendation. 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 price volatility

Over the last 12 months, Bank of America's shares have ranged in value from as little as US$30.4941 up to US$47.814. A popular way to gauge a stock's volatility is its "beta".

BAC.US volatility(beta: 1.33)Avg. volatility(beta: 1.00)LowHigh

Beta measures a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Bank of America's is 1.325. 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 financials

Revenue TTM US$94.6 billion
Operating margin TTM 30.77%
Gross profit TTM US$92.4 billion
Return on assets TTM 0.73%
Return on equity TTM 8.09%
Profit margin 24.95%
Book value 35.371
Market capitalisation US$333.8 billion
EBITDA US$0

TTM: trailing 12 months

Bank of America share dividends

37%

Dividend payout ratio: 36.63% of net profits

Recently Bank of America has paid out, on average, around 36.63% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.39% 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 2.39% return on their shares, in the form of dividend payments. In Bank of America's case, that would currently equate to about $0.98 per share.

While Bank of America's payout ratio might seem fairly standard, it's worth remembering that Bank of America may be investing much of the rest of its net profits in future growth.

Bank of America's most recent dividend payout was on 26 December 2024. The latest dividend was paid out to all shareholders who bought their shares by 5 December 2024 (the "ex-dividend date").

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 Corp 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 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. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers 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, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.

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