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 Video: What is a Stock Split?
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| Bank of America is a bank holding company. Through its subsidiaries, Co. provides banking, investing, asset management and other financial and risk management products and services. Co.'s segments are: Consumer Banking, which provides credit, banking and investment products and services; Global Wealth and Investment Management, which provides investment management, brokerage, banking and retirement products; Global Banking, which includes lending-related products and services, integrated working capital management and treasury solutions; Global Markets, which provides sales and trading services and research services; and All Other, which includes asset and liability management activities. According to our Bank of America stock split history records, Bank of America has had 3 splits. | |
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Bank of America (BAC) has 3 splits in our Bank of America stock split history database. The first split for BAC took place on November 21, 1986. This was a 2 for 1
split, meaning for each share of BAC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. BAC's second split took place on February 28, 1997. This was a 2 for 1
split, meaning for each share of BAC owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split. BAC's third split took place on August 30, 2004. This was a 2 for 1 split, meaning for each share of BAC owned pre-split, the shareholder now owned 2 shares. For example, a 4000 share position pre-split, became a 8000 share position following the split.
When a company such as Bank of America splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the Bank of America stock split history from start to finish, an original position size of 1000 shares would have turned into 8000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Bank of America shares, starting with a $10,000 purchase of BAC, presented on a split-history-adjusted basis factoring in the complete Bank of America stock split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
05/29/2013 |
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| End date: |
05/26/2023 |
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| Start price/share: |
$13.48 |
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| End price/share: |
$28.31 |
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| Starting shares: |
741.84 |
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| Ending shares: |
877.70 |
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| Dividends reinvested/share: |
$4.77 |
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| Total return: |
148.48% |
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| Average Annual Total Return: |
9.53% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,844.06 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
05/29/2013 |
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| End date: |
05/26/2023 |
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| Start price/share: |
$13.48 |
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| End price/share: |
$28.31 |
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| Dividends collected/share: |
$4.77 |
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| Total return: |
145.40% |
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| Average Annual Total Return: |
9.40% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$24,550.84 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/21/1986 | 2 for 1
| | 02/28/1997 | 2 for 1
| | 08/30/2004 | 2 for 1 |
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