|Bid||31.65 x 4000|
|Ask||31.66 x 3000|
|Day's range||31.48 - 32.01|
|52-week range||30.45 - 50.11|
|Beta (5Y monthly)||1.39|
|PE ratio (TTM)||9.53|
|Earnings date||13 Apr 2022 - 18 Apr 2022|
|Forward dividend & yield||0.84 (2.39%)|
|Ex-dividend date||02 June 2022|
|1y target est||48.66|
The Bank of America Institute published a new article today which shows consumer spending continues to demonstrate some signs of resiliency despite a backdrop of rising inflation. Total aggregated Bank of America credit and debit card spending was up 11% year over year in June, compared to 13% and 9% in April and May year over year respectively. Spending growth per household increased 3.3% year over year in the 28 days prior to June 30. Gas prices continue to squeeze consumers but spending on se
There are hundreds of dividend stocks that yield 3% or more, but not all of them are well positioned to thrive while inflation is at a four-decade high. Here are five dividend stocks that pay excellent yields and are in a strong position to thrive in an inflationary environment. Bank of America (NYSE: BAC) is trading for roughly 40% below its recent high and for just over its book value.
Bank of America (NYSE: BAC) saw its stock price plummet 16.3% in June, according to S&P Global Market Intelligence. It was also outperformed by the KBW Bank Index, which was down 12.9% in June. Bank of America was certainly not alone in watching its stock price plummet in June.