Bank Of America Corp. (BAC)

$35.23

+0.55

(+1.59%)▲

Market is closed - opens 7 PM, 18 Apr 2024
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Bank of America Corp is a financial services company that provides consumer and commercial banking services, as well as investment banking and wealth management services.

Insights on Bank Of America Corp.

  • Decreasing Revenue

    Revenue is down for the last 4 quarters, 25.32B → 20.85B (in $), with an average decrease of 5.9% per quarter

  • Decreasing Net Profit

    Netprofit is down for the last 2 quarters, 7.80B → 3.14B (in $), with an average decrease of 59.7% per quarter

  • Vs WMT

    In the last 1 year, Walmart Inc. has given 19.4% return, outperforming this stock by 4.1%

  • Vs WMT

    In the last 3 years, Walmart Inc. has given 27.3% return, outperforming this stock by 37.3%

Performance

  • $34.82
    $35.74
    $35.23
    downward going graph

    1.18%

    Downside

    Day's Volatility :2.59%

    Upside

    1.43%

    downward going graph
  • $24.59
    $38.35
    $35.23
    downward going graph

    30.2%

    Downside

    52 Weeks Volatility :35.88%

    Upside

    8.14%

    downward going graph

Returns

PeriodBank Of America Corp.Sector (Financials)S&P500
3 Months
11.03%
6.3%
5.0%
6 Months
29.0%
19.8%
16.4%
1 Year
15.28%
19.0%
20.9%
3 Years
-10.06%
12.1%
20.0%

Highlights

Market Capitalization
283.7B
Book Value
$33.71
Dividend Share
0.94
Dividend Yield
2.77%
Earnings Per Share (EPS)
2.9
PE Ratio
11.96
PEG Ratio
3.69
Wall Street Target Price
38.99
Profit Margin
26.81%
Operating Margin TTM
29.64%
Return On Assets TTM
0.77%
Return On Equity TTM
8.72%
Revenue TTM
93.4B
Revenue Per Share TTM
11.66
Quarterly Revenue Growth YOY
-3.3000000000000003%
Gross Profit TTM
92.4B
Diluted Eps TTM
2.9
Quarterly Earnings Growth YOY
-0.19
EPS Estimate Current Year
3.13
EPS Estimate Next Year
3.44
EPS Estimate Current Quarter
0.68
EPS Estimate Next Quarter
0.78

Analyst Recommendation

Buy
    51%Buy
    41%Hold
    6%Sell
Based on 31 Wall street analysts offering stock ratings for Bank Of America Corp.(by analysts ranked 0 to 5 stars)
Based on 31 analyst
  • Current
  • 1M Ago
  • 3M Ago
Buy
16
15
16
Hold
13
13
13
Sell
2
2
2

Analyst Forecast

What analysts predicted

Upside of 10.67%

Current $35.23
Target $38.99

Company Financials

FY18Y/Y Change
Revenue
87.7B
↑ 4.79%
Net Income
26.7B
↑ 60.65%
Net Profit Margin
30.43%
↑ 10.58%
FY19Y/Y Change
Revenue
85.6B
↓ 2.46%
Net Income
27.4B
↑ 2.75%
Net Profit Margin
32.05%
↑ 1.62%
FY20Y/Y Change
Revenue
74.2B
↓ 13.29%
Net Income
17.9B
↓ 34.76%
Net Profit Margin
24.11%
↓ 7.94%
FY21Y/Y Change
Revenue
89.1B
↑ 20.09%
Net Income
32.0B
↑ 78.71%
Net Profit Margin
35.88%
↑ 11.77%
FY22Y/Y Change
Revenue
95.0B
↑ 6.55%
Net Income
27.5B
↓ 13.92%
Net Profit Margin
28.99%
↓ 6.89%
FY23Y/Y Change
Revenue
98.6B
↑ 3.82%
Net Income
26.5B
↓ 3.68%
Net Profit Margin
26.9%
↓ 2.09%
Q3 FY22Q/Q Change
Revenue
23.6B
↑ 6.49%
Net Income
7.1B
↑ 13.37%
Net Profit Margin
30.0%
↑ 1.82%
Q4 FY22Q/Q Change
Revenue
23.4B
↓ 0.69%
Net Income
7.1B
↑ 0.71%
Net Profit Margin
30.43%
↑ 0.43%
Q1 FY23Q/Q Change
Revenue
25.3B
↑ 8.05%
Net Income
8.2B
↑ 14.43%
Net Profit Margin
32.22%
↑ 1.79%
Q2 FY23Q/Q Change
Revenue
25.2B
↓ 0.51%
Net Income
7.4B
↓ 9.23%
Net Profit Margin
29.4%
↓ 2.82%
Q3 FY23Q/Q Change
Revenue
25.2B
↓ 0.12%
Net Income
7.8B
↑ 5.32%
Net Profit Margin
31.0%
↑ 1.6%
Q4 FY23Q/Q Change
Revenue
20.9B
↓ 17.13%
Net Income
3.1B
↓ 59.7%
Net Profit Margin
15.08%
↓ 15.92%
FY18Y/Y Change
Total Assets
2.4T
↑ 3.21%
Total Liabilities
2.1T
↑ 3.73%
FY19Y/Y Change
Total Assets
2.4T
↑ 3.38%
Total Liabilities
2.2T
↑ 3.83%
FY20Y/Y Change
Total Assets
2.8T
↑ 15.84%
Total Liabilities
2.5T
↑ 17.4%
FY21Y/Y Change
Total Assets
3.2T
↑ 12.42%
Total Liabilities
2.9T
↑ 13.87%
FY22Y/Y Change
Total Assets
3.1T
↓ 3.76%
Total Liabilities
2.8T
↓ 4.22%
FY23Y/Y Change
Total Assets
3.2T
↑ 4.24%
Total Liabilities
2.9T
↑ 4.0%
Q3 FY22Q/Q Change
Total Assets
3.1T
↓ 1.23%
Total Liabilities
2.8T
↓ 1.36%
Q4 FY22Q/Q Change
Total Assets
3.1T
↓ 0.74%
Total Liabilities
2.8T
↓ 0.94%
Q1 FY23Q/Q Change
Total Assets
3.2T
↑ 4.72%
Total Liabilities
2.9T
↑ 4.93%
Q2 FY23Q/Q Change
Total Assets
3.1T
↓ 2.25%
Total Liabilities
2.8T
↓ 2.58%
Q3 FY23Q/Q Change
Total Assets
3.2T
↑ 0.98%
Total Liabilities
2.9T
↑ 0.94%
Q4 FY23Q/Q Change
Total Assets
3.2T
↑ 0.86%
Total Liabilities
2.9T
↑ 0.78%
FY18Y/Y Change
Operating Cash Flow
39.5B
↑ 279.89%
Investing Cash Flow
-71.5B
↑ 37.42%
Financing Cash Flow
53.1B
↑ 7.97%
FY19Y/Y Change
Operating Cash Flow
61.8B
↑ 56.32%
Investing Cash Flow
-80.6B
↑ 12.82%
Financing Cash Flow
3.4B
↓ 93.64%
FY20Y/Y Change
Operating Cash Flow
38.0B
↓ 38.5%
Investing Cash Flow
-177.7B
↑ 120.35%
Financing Cash Flow
355.8B
↑ 10436.54%
FY21Y/Y Change
Operating Cash Flow
-7.2B
↓ 118.93%
Investing Cash Flow
-313.3B
↑ 76.34%
Financing Cash Flow
291.7B
↓ 18.03%
FY22Y/Y Change
Operating Cash Flow
-6.3B
↓ 12.04%
Investing Cash Flow
-2.5B
↓ 99.19%
Financing Cash Flow
-106.0B
↓ 136.36%
Q3 FY22Q/Q Change
Operating Cash Flow
13.2B
↓ 360.53%
Investing Cash Flow
34.8B
↑ 107.68%
Financing Cash Flow
-37.9B
↓ 55.24%
Q4 FY22Q/Q Change
Operating Cash Flow
31.0B
↑ 135.65%
Investing Cash Flow
14.4B
↓ 58.63%
Financing Cash Flow
-24.4B
↓ 35.64%
Q1 FY23Q/Q Change
Operating Cash Flow
-11.3B
↓ 136.45%
Investing Cash Flow
30.8B
↑ 114.51%
Financing Cash Flow
126.1B
↓ 617.21%
Q2 FY23Q/Q Change
Operating Cash Flow
11.8B
↓ 204.3%
Investing Cash Flow
88.7B
↑ 187.65%
Financing Cash Flow
-71.7B
↓ 156.85%
Q3 FY23Q/Q Change
Operating Cash Flow
11.8B
↓ 0.12%
Investing Cash Flow
28.8B
↓ 67.55%
Financing Cash Flow
27.6B
↓ 138.54%

Technicals Summary

Sell

Neutral

Buy

Bank Of America Corp. is currently in a favorable trading position ( BUY ) according to technical analysis indicators.

More on Technical Analysis

Peers

Company Name1 Month6 Month1 Year3 Years5 Years
Bank Of America Corp.
Bank Of America Corp.
-2.17%
29.0%
15.28%
-10.06%
17.32%
Walmart Inc.
Walmart Inc.
-1.99%
10.78%
19.42%
28.09%
73.43%
Company NameP/E RatioP/B RatioPEG RatioEPSROEROADiv YieldBVPS
Bank Of America Corp.
Bank Of America Corp.
11.96
11.96
3.69
3.13
0.09
0.01
0.03
33.71
Walmart Inc.
Walmart Inc.
31.33
31.33
2.48
6.48
0.19
0.07
0.01
10.41
Company NameAnalyst ViewMarket Cap5 Years Return %PE RatioProfit Margin
Bank Of America Corp.
Bank Of America Corp.
Buy
$283.7B
17.32%
11.96
26.81%
Walmart Inc.
Walmart Inc.
Buy
$482.2B
73.43%
31.33
2.39%

Institutional Holdings

  • Berkshire Hathaway Inc

    13.09%

  • Vanguard Group Inc

    7.71%

  • BlackRock Inc

    6.23%

  • State Street Corporation

    3.68%

  • FMR Inc

    2.38%

  • JPMorgan Chase & Co

    1.89%

Corporate Announcements

  • Bank Of America Corp. Dividends March,2024

    In the quarter ending March,2024. Bank Of America Corp. has declared dividend of $0.24

    Read More

Company Information

Bank of America is a multinational financial services and investment bank headquartered in Charlotte, North Carolina. Bank of America is only after JP Morgan Chase in being the 2nd largest banking institution in the USA and 8th largest globally. Now Bank of America is the result of the merger of NationsBank and then BankAmerica in 1998. Bank of America lent D.E. Shaw & Co. hedge funds to run various businesses for the bank. However, after D.E. Shaw suffered significant losses in 1998 due to Russian Bond Default, October 1998 witnessed the most significant bank acquisition when NationsBank acquired BankAmerica. The commercial banking operations of the bank are spread across all 50 states of the USA and across 40 countries. Its commercial banking service portfolio encapsulates more than 46 million consumers and small business relationships. The Bank of America found its place on spot #25 of the Fortune 500 of the largest US corporations in terms of total revenue. Apart from this, Euromoney Institutional Investor named Bank of America as the ‘World’s Best Bank’ in their 2018 Awards for Excellence. The critical areas of operation of Bank of America are: Consumer Banking: These are primarily the banking services to retail customers, including small businesses and consumers. Global Banking: This includes Global Corporate Banking, Business Banking, Global Commercial Banking, and Global Investment Banking. Merrill Lynch operates the investment banking division Bank of America acquired after the deal closed in January 2009. Global Wealth and Investment Management: Bank of America is among the ten largest wealth managers in the USA. It includes businesses of US Trust and Merrill Lynch Global Wealth Management. Global Markets: This division offers services to clients trading in financial securities and Institutional Clients. Currently Bank Of America Corp. has a market cap of $273.65 Billion. It has a P.E ratio of 11.0. The shares of Bank Of America Corp. are trading at $35.23. .

Organization
Bank Of America Corp.
Employees
213000
CEO
Mr. Brian Thomas Moynihan
Industry
Finance

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