That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. As you might remember from your school days, an A, is better than a B a B is better than a C a C is better than a D and a D is better than an F.Īs an investor, you want to buy stocks with the highest probability of success. Within each Score, stocks are graded into five groups: A, B, C, D and F. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The scores are based on the trading styles of Value, Growth, and Momentum. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Managing Dir.The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. Head-Sovereign Wealth Funds & Pension Investors Global Head-Private Capital Family Office Banking As of October 2017, the company owns 700 million shares of Bank of America stock, valued at over $18 billion.Īssistant Vice President-Financial SolutionsĬhairman, President & Chief Executive Officer Since then, it has slowly posted gains despite a brief hiccup in 2010 to 2012 when the bank was going through a $175+ million fraud settlement with the US government.īank of America CEO and President Brian Moynihan has helmed the company since the beginning of 2010 when the bank also announced it had paid off its final obligations remaining from the Wall Street bailout known as Troubled Assets Relief Program.īank of America is one of Warren Buffett’s top investments through Berkshire Hathaway. Shares of Bank of America once again bottomed out, though not quite a record, in February 2009, when BAC stock price again went below $4. Bank of America’s cash dividend yield during these years was also very high, making the profits even more impressive. In November 2006, Bank of America stock price would hit its all-time high of $55.08 - a record it has still yet to return to. It is important to note that stock price data before the 1998 merger reflect historical prices of NationsBank.Īs the housing market soared in the first years of the 21st century, so too did Bank of America stock price. In 1998, it achieved that goal, when NationsBank (the only bank it was trailing) bought Bank of America but kept the name post-merger.įrom 1990 to 1998, shares of Bank of America rose over six-fold, Bank of America stock price went from $4 to over $26. Even lower than the original IPO stock price of $1.94.īAC stock price was relatively flat throughout the 1980s, but the thriving economic period in the 1990s would bring Bank of America and BAC stock price to the forefront of Wall Street finance.įor years, Bank of America wanted to live up to its name and become the biggest bank in the country. Throughout the 1980’s, shares of Bank of America slowly chugged along, but Bank of America stock price hit an all-time-low on August 12, 1982, when they closed at $1.47. In 1980, the ticker BAC first debuted on the New York Stock Exchange. The bank can trace its history all the way back more than 200 years to the Bank of Italy, which expanded to America in 1922. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The GWIM segment offers solutions to meet clients’ needs through a full set of investment management, brokerage, banking, and retirement products. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management (GWIM), Global Banking, Global Markets, and All Other. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services.
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