Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. We show 57 historical shares outstanding datapoints in our BAC shares outstanding history coverage, used to compute BAC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing BAC market cap history over the course of time is important for investors
interested in comparing BAC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of BAC versus a peer is one thing; comparing
BAC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like BAC can fluctuate over the course of history.
With this page we aim to empower investors researching BAC by allowing them to research the BAC market cap history. |
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Video: The Importance of Market Cap
