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Bank of America ($BAC) Stock Split History

Bank of America stock has experienced a total of 2 stock splits in its history. The most recent stock split took place on August 30th, 2004. As a result of these stock splits, one Bank of America share purchased prior to February 28th, 1997, would now be equivalent to holding 4 Bank of America shares today.

Bank of America ($BAC) Stock Split History Graph and Chart

Bank of America ($BAC) Stock Split Dates

Date Ratio
8/30/20042 for 1
2/28/19972 for 1

FAQs (Frequently Asked Questions)

How Does a Bank of America Share Split Work?

A Bank of America stock split is no different than any other stock split. Bank of America is simply packaging the number of outstanding shares in a different way. For example, in a 2-for-1 split, the amount of shares will double (and the price will be divided by 2, accordingly). Say you have 100 shares of Bank of America, then the day of the split you will receive 2 shares for every 1 share you hold in your brokerage account, meaning you will receive 200 shares on the stock split date. However, the price of the stock will reflect this change and your holding of Bank of America (in terms of value) will remain practically the same.

Benefits of a Bank of America Stock Split?

A stock split does not change the fundamental value of a company. Meaning a Bank of America stock split will not make the business more valuable. However, there is a psychological benefit in that the share price will be lower after the split, making shares seem more accessible to everyone and thus temporarily increasing demand and ramping up share prices. To further explore stock splits, please refer to Investopedia.

Buying Before or After a $BAC Stock Split?

While this is not financial advice and we have not run any thorough studies on the matter, general consensus is that price tends to go up after the announcement of a stock split and before the stock split itself happens.

Will Bank of America Stock Split?

Unfortunately, we do not know. There might be rumors of a Bank of America stock split, but the truth is that until the board proposes a shares split to its shareholders, it's all just noise.

How Does a Stock Split Affect $BAC Options?

A stock split affects options the same way it affect shares. In the case of a 2-for-1, the strike price of all the options chain post-split will be divided by 2 automatically. So if you're holding CALLs or PUTs, the strike price of the $BAC option will be automatically changed on the day of the split. Also, the number of shares will double. So if you have a CALL in a 2-for-1, after split you will have 2 calls to control 200 shares, and the strike price of those two CALLs would be halved.

Bank of America Shares Split Results in Fractional Shares

Not all shares splits are even. Some splits, like a 3-for-2 can result in shareholders owning fractional shares. In these cases it's best to contact your broker, to be clear on how they will handle the $BAC shares split.