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American Funds The Income Fund of America Class A

AMECX · NASDAQ

Market closed$27.63$-0.080000 (-0.29%)

Key statistics

Previous close$27.71
Open$27.63
Day high$27.63
Day low$27.63
52-week high$28.18
52-week low$25.85
Market cap145.65B
Volume—
Average volume—
P/E ratio22.07
Forward P/E—
EPS1.25
Dividend yield+9.40%

Market context

Why it moved

AMECX edged lower likely due to broad market softness and modest selling pressure in its underlying holdings, as no specific catalyst was identified, with the minimal price decline reflecting routine net asset value fluctuations typical of this mutual fund.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026American Funds Income Fund of America closed modestly higher, reflecting a broadly supportive backdrop for income-oriented asset management strategies. The financial services sector has been buoyed this week by blockbuster Q2 earnings from major Wall Street banks — JPMorgan, Goldman Sachs, BNY, Morgan Stanley, and U.S. Bancorp all reported strong fee income and asset management revenue growth, with rising market levels expanding AUM-based fees industrywide. Morningstar noted financial stocks remain undervalued relative to peers, presenting a favorable outlook for diversified income funds.

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July 16, 2026The Income Fund of America closed modestly higher, buoyed by a broad tailwind sweeping through the financial services sector as Wall Street's Q2 earnings season delivered blockbuster results. Major asset managers and custodian banks reported record revenues and surging AUM — BNY's assets under custody climbed 12% to $62.6 trillion, Morgan Stanley's total client assets hit $10 trillion, and State Street earnings beat on record AUM levels — directly benefiting income-oriented funds like AMECX that hold financial sector equities. The sector ETF XLF is near its 52-week high, reflecting broad investor confidence in financials amid a favorable environment of rising asset values and robust fee income.

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July 14, 2026The Income Fund of America closed modestly lower, edging down alongside the broader financial services sector as investors digested a complex macro backdrop. While marquee bank earnings — JPMorgan's record Q2 profit, Goldman Sachs' 39.5% revenue surge, and Bank of America's blowout quarter — bolstered sentiment for the sector, income-oriented funds like AMECX faced headwinds from lingering rate-hike uncertainty and Iran-driven oil price volatility. A softer June CPI print of 3.5% offered some relief, though the Fed's hawkish posture and geopolitical risks tempered the rally for diversified income strategies.

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July 13, 2026The Income Fund of America Class A closed little changed as broader market sentiment was weighed down by renewed U.S.-Iran hostilities sending oil prices surging above $79/barrel, sparking inflation concerns that could influence the Fed's rate path. Investors in income-oriented funds like AMECX are closely watching the packed Q2 earnings week, with major banks—JPMorgan, Goldman Sachs, Citigroup, Bank of America, and Wells Fargo—all reporting on July 14, alongside upcoming U.S. CPI and PPI data that could shape interest rate expectations and fixed income allocations.

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July 10, 2026American Funds Income Fund of America (AMECX) closed essentially flat as the broader financial services sector navigated a cautious end to a volatile week. The S&P 500 hovered near 52-week highs despite ongoing U.S.-Iran geopolitical tensions that rattled markets earlier in the week, while the financial sector XLF edged slightly lower in after-hours trade. Investor attention is shifting toward Q2 bank earnings season beginning July 14, with UBS flagging 'peak banking sector optimism' and strong capital markets activity expected to drive upside surprises — a constructive backdrop for income-oriented, diversified funds like AMECX.

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July 8, 2026The Income Fund of America closed modestly lower as a broad risk-off market environment weighed on financial sector holdings. President Trump's declaration that the Iran ceasefire was 'over,' followed by renewed U.S.-Iran strikes in the Persian Gulf, sent oil prices surging over 5% and triggered a global equity selloff, with the S&P 500 pulling back and the financial sector ETF (XLF) declining sharply. With the Fed's June meeting minutes also in focus — and some officials projecting potential rate hikes later in 2026 — income-oriented funds like AMECX faced headwinds from both geopolitical uncertainty and a higher-for-longer rate narrative that pressures fixed income allocations.

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Investopedia · November 21, 202510 American Funds Mutual Funds With Long Track RecordsInvestopedia · September 5, 2023Comparing American Funds and Vanguard Group: Fees, Management, and Returns

Peers

S&P 500SPX · $7,457.69-1.01%American Funds EuroPacific Growth Cl F-1 ShsAEGFX · $61.11-1.21%American Funds EuroPacific Growth Fund Class AAEPGX · $61.50-1.22%American Funds Capital World Growth & Income Fund Class F-1 ShsCWGFX · $79.28-1.13%American Funds Capital World Growth and Income Fund Class ACWGIX · $79.54-1.14%American Funds Capital World Growth and Income Fund Class 529-ACWIAX · $79.12-1.14%The Income Fund of America, Class F-1 SharesIFAFX · $27.52-0.29%American Funds EUPAC R6RERGX · $61.69-1.22%American Funds Europacific Growth R5ERERHX · $60.95-1.22%American Funds The Income Fund of AmericaRIDGX · $27.65-0.29%American Funds Capital World Growth and Income Fund Class R-3RWICX · $78.75-1.14%