Bank of America (BAC) – Among the 12 Stocks From Companies Generating High Cash Flow

With a free cash flow yield of 14.04%, Bank of America Corporation (NYSE:BAC) is included among the 12 Stocks From Companies Generating High Cash Flow.

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On June 9, Reuters reported that Bank of America Corporation (NYSE:BAC) could exceed its initial forecast of 15% growth in second-quarter markets revenue, driven by strength in its equities business, according to Co-President Jim DeMare.

Speaking at a Morgan Stanley US financial services conference, DeMare said, “While credit spreads and the like have remained firm, a lot more of the activity and revenues have been coming from the equity business.” He added, “That’s what we’ve been seeing, I think, in general for the industry, probably for the last 12 months.”

Last month, Bank of America CEO Brian Moynihan said the bank expects trading revenue to rise 15% in the second quarter compared with the same period last year, when markets were affected by volatility linked to higher US tariffs.

The bank’s global markets division, which DeMare led until his promotion late last year, has now recorded 16 consecutive quarters of revenue growth. Higher client activity has helped drive increased trading volumes across its desks. The business is currently on pace to deliver a seventeenth straight quarter of growth. DeMare also said that the IPO pipeline remains strong.

Bank of America Corporation (NYSE:BAC) is a bank holding company and financial holding company. Its operations are organized into Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

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