How to buy Bank of America shares in 2025
Bank of America ($BAC) is a global financial institution offering banking, investment and wealth management services to individuals, businesses and governments worldwide.👉 Read on to learn about Bank of America and how to buy $BAC shares in a few easy steps.
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How to buy Bank of America stock in 5 steps
When investing in shares - whether BAC or otherwise - it’s important to consider your financial position, investing goals and risk tolerance. Before making any investment decision, it’s wise to consider your current circumstances and consult with a financial planner or advisor. If you decide that investing in Bank of America is right for you, then consider the following steps.
1. Open an investing account
To buy Bank of America stock in Australia, you’ll need to sign up to an investing platform with access to the U.S. share market. Stake offers seamless access to 12,000+ stocks and ETFs across the U.S. and Australian markets, including BAC.
2. Fund your account
Once you’ve opened an account, you’ll need to deposit funds to allow you to buy BAC shares. With Stake, you can deposit via bank transfer, debit/credit card, Apple Pay, Google Pay or set up a recurring deposit using PayTo.
3. Search for Bank of America or BAC
Find your prospective investment by searching the name or ticker symbol of the company. If you’re using Stake, you can easily search on our web trading platform or the Stake app.
4. Place an order for BAC shares
The next step is to place an order for the number of Bank of America shares you’d like to buy. Be sure to check the market is open and ensure the order type and volume align with your investment plan.
5. Monitor your investment
Once your order executes, you should keep an eye on the company’s performance and monitor the performance of your portfolio. Check regularly to ensure your investment is aligned with your financial goals.
Put it on repeat?
If you intend to regularly purchase BAC shares, you could consider setting up a recurring investment. On Stake, you can set up a consistent purchase order for Bank of America shares which may be useful if you’re thinking of investing in the company over the long term.
Bank of America company overview
Bank of America Corporation is one of the largest financial institutions globally, providing a wide array of banking and financial services. Founded in 1904, the bank serves individuals, small businesses and large corporations through its four core business divisions: Consumer Banking, Global Wealth and Investment Management, Global Banking and Global Markets. Bank of America offers products and services like checking accounts, mortgages, credit cards and investment options, maintaining a strong retail and digital presence to cater to its diverse customer base. The company’s vision is to help make financial lives better by connecting customers to the resources and expertise needed to achieve their goals.
Bank of America share price performance
The Bank of America share price was US$39.67 (+3.25%) as of market close.
Key metrics for Bank of America
Get a breakdown of Bank of America’s financial metrics.
| Latest market close | US$39.67 |
| Market capitalisation | US$301.60B |
| PE Ratio | 12.36 |
| Earnings per share | US$3.21 |
| Day change | +3.25% |
| 52-week high | US$48.08 |
| 52-week low | US$34.15 |
Data updated as of March 15, 2025.
Schedule a recurring investment in Bank of America
Put your favourites on repeat - like Bank of America - with a recurring investment on Stake. It’s a great way to build towards long-term goals and a convenient method to stay consistent with your investing habits.
You’re always in control, it’s easy to hit pause or skip a scheduled order.
Does Bank of America pay dividends?
Yes, Bank of America pays dividends.
| Dividend yield | 2.62% |
Data updated as of March 15, 2025.
What is the Bank of America price target?
The average price target for BAC is US$52.34 across 6 combined analyst ratings.
The suggestion is to BUY with 67% of analysts suggesting to buy, 33% suggest hold and 0% suggest sell.
Analyst ratings and price targets are provided for informational purposes by our market data partner, Benzinga, and do not constitute a recommendation to make an investment decision. Future forecasts are not a reliable indicator of future performance.
How to sell Bank of America shares?
The process of selling Bank of America shares on Stake is similar to purchasing them. If you already own BAC shares on the platform and looking to sell, follow these steps:
- Open Stake, head to your Holdings and find Bank of America
- Select Sell
- Choose the order type, number of shares/dollar value and the desired price (if applicable)
- Review your Sell order
- Follow the prompts to submit your order
Watch this video to see just how simple it is to buy and sell shares on Stake.
Is it a good time to buy Bank of America shares?
Like any investment, Bank of America may be a suitable option for some, but not for others. It’s important to understand that investing in any financial instrument comes with a certain level of risk.
You should always conduct your own research and consider your personal financial circumstances before buying $BAC shares. When researching, consider the company’s financial health, future prospects, current market conditions and whether or not it aligns with your investment strategy.
What are some similar stocks to BAC?
JPMorgan Chase & Co. ($JPM): JPMorgan Chase is a leading global financial services firm with extensive operations in commercial banking, investment banking, asset management and consumer financial services, making it a direct competitor to Bank of America. Wells Fargo & Co. ($WFC): Wells Fargo is one of the largest U.S. banks, offering diversified financial services, including retail banking, mortgage lending and wealth management, with a strong focus on consumer and business banking. Citigroup Inc. ($C): Citigroup is a multinational bank offering financial products and services like lending, investment banking and asset management, operating in over 160 countries and directly competing with Bank of America across various segments.
What are some ETFs that hold BAC?
Financial Select Sector SPDR Fund ($XLF): This ETF tracks the financial sector of the S&P 500, with a significant holding in Bank of America alongside other major banks like JPMorgan Chase and Wells Fargo. Vanguard Financials ETF ($VFH): VFH aims to track the performance of financial sector stocks in the U.S., including Bank of America as well as companies from banking, insurance and capital markets. iShares U.S. Financial Services ETF ($IYG): This ETF focuses on the U.S. financial services industry, with holdings in Bank of America, along with other financial institutions like Citigroup and American Express, covering diversified financial services.
Why invest on Stake?
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Bank of America Common Questions
- Sign up to Stake on desktop or via the Stake app
- Activate Stake wall-st
- Deposit funds via bank transfer, credit/debit card, Apple Pay/Google Pay or PayTo
- Place a buy order for Bank of America
- Monitor your investment
Fractional shares allow U.S. investors to purchase a portion of a share in lieu of an entire stock. This can be advantageous for some investors who seek to hold a company in their portfolio but don’t want to pay for a full share.
Take control of your financial future
This is for information purposes only and is not a recommendation to invest in the securities listed. Such information is not intended to constitute financial advice and no agency or advisory relationship is created between you and Stake as a result of having access to or using the Information. This information does not take into account your personal objectives, financial situation or needs. You agree that neither Stake nor any third party provider is responsible for any investment decisions or for any damages or other losses resulting from the use of the Information. As always, do your own research before making any investment decisions and consider seeking advice from a licensed financial adviser. No representation or warranty is made as to the timeliness, reliability, accuracy or completeness of the material and Stake does not accept any responsibility arising from errors in, or omissions from, the data. Past performance is not a reliable indicator of future performance.