BAC - Bank of America Corp Stock Price, Fair Value and News

37.24USD+0.36 (+0.98%)Market Closed

Market Summary

USD37.24+0.36

Market Closed

0.98%

BAC Stock Price

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BAC RSI Chart

BAC Valuation

Market Cap

291.2B

Price/Earnings (Trailing)

11.64

Price/Sales (Trailing)

2.29

EV/EBITDA

0.26

Price/Free Cashflow

7.15

BAC Price/Sales (Trailing)

BAC Profitability

EBT Margin

20.81%

Return on Equity

8.53%

Return on Assets

0.76%

Free Cashflow Yield

13.99%

BAC Fundamentals

BAC Revenue

Revenue (TTM)

127.4B

Rev. Growth (Yr)

-9.9%

Rev. Growth (Qtr)

-27.54%

BAC Earnings

Earnings (TTM)

25.0B

Earnings Growth (Yr)

-18.22%

Earnings Growth (Qtr)

112.28%

Breaking Down BAC Revenue

Last 7 days

-1.6%

Last 30 days

-0.5%

Last 90 days

11.3%

Trailing 12 Months

38.0%

How does BAC drawdown profile look like?

BAC Financial Health

Debt/Equity

0.15

Debt/Cashflow

0.93

BAC Investor Care

Dividend Yield

1.38%

Dividend/Share (TTM)

0.51

Buy Backs (1Y)

1.87%

Diluted EPS (TTM)

2.9

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	127.4B	0	0	0
2023	88.3B	105.7B	119.7B	130.3B
2022	53.9B	60.1B	66.3B	72.6B
2021	85.6B	84.7B	87.2B	47.7B
2020	91.0B	90.2B	87.8B	85.5B
2019	91.0B	91.5B	91.6B	91.2B
2018	87.9B	87.7B	88.6B	91.0B
2017	85.2B	86.7B	86.9B	87.1B
2016	83.1B	82.4B	83.1B	83.7B
2015	84.2B	84.5B	84.2B	83.2B
2014	86.9B	85.9B	85.6B	85.9B
2013	84.3B	85.0B	86.1B	87.5B
2012	88.9B	97.6B	89.6B	83.3B
2011	105.1B	89.2B	91.0B	93.5B
2010	115.9B	112.2B	112.9B	110.2B
2009	91.5B	103.8B	110.2B	119.6B
2008	0	68.8B	70.8B	72.8B
2007	0	0	0	66.8B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Bank of America Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 02, 2024	bronstein sheri b.	gifted	-	-	-6,801	chief human resources officer
May 01, 2024	thompson bruce r.	gifted	-	-	-25,000	vice chair, head ent credit
Apr 24, 2024	woods thomas d	sold (taxes)	-124,502	38.32	-3,249	-
Apr 24, 2024	de weck pierre j.p.	sold (taxes)	-53,839	38.32	-1,405	-
Apr 24, 2024	zuber maria t	acquired	-	-	7,045	-
Apr 24, 2024	de weck pierre j.p.	acquired	-	-	7,045	-
Apr 24, 2024	donald arnold w	acquired	-	-	7,045	-
Apr 24, 2024	woods thomas d	acquired	-	-	7,045	-
Apr 24, 2024	almeida jose e	acquired	-	-	7,045	-
Apr 15, 2024	moynihan brian t	back to issuer	-743,554	35.95	-20,683	chair and ceo

Which funds bought or sold BAC recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 02, 2024	NORDEA INVESTMENT MANAGEMENT AB	reduced	-46.92	-32,431,300	47,360,700	0.06%
May 02, 2024	CHOREO, LLC	reduced	-0.8	546,611	5,210,150	0.13%
May 02, 2024	Boit C F David	unchanged	-	410,318	4,433,110	2.42%
May 02, 2024	FinTrust Capital Advisors, LLC	added	18.18	258,497	1,039,540	0.20%
May 02, 2024	TOBAM	reduced	-4.32	98,000	1,350,000	0.12%
May 02, 2024	WULFF, HANSEN & CO.	reduced	-3.02	169,730	2,010,080	2.01%
May 02, 2024	KESTRA PRIVATE WEALTH SERVICES, LLC	reduced	-1.07	1,785,270	17,425,600	0.39%
May 02, 2024	HOERTKORN RICHARD CHARLES	reduced	-1.34	1,230,210	12,305,400	5.28%
May 02, 2024	FINANCIAL COUNSELORS INC	reduced	-22.12	-343,236	2,449,250	0.04%
May 02, 2024	Summit Financial Wealth Advisors, LLC	added	6.00	93,492	575,815	0.12%

Are Funds Buying or Selling BAC?

Are funds buying BAC calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own BAC

No. of Funds

Unveiling Bank of America Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	7.69%	608,297,711	SC 13G/A
Jan 29, 2024	blackrock inc.	6.2%	494,523,426	SC 13G/A
Feb 09, 2023	vanguard group inc	7.58%	607,703,467	SC 13G/A
Feb 07, 2023	blackrock inc.	5.9%	474,777,122	SC 13G/A
Mar 11, 2022	blackrock inc.	6.1%	496,922,071	SC 13G/A
Feb 09, 2022	vanguard group inc	7.16%	586,192,046	SC 13G/A
Feb 08, 2022	blackrock inc.	6.1%	496,922,071	SC 13G
Feb 16, 2021	berkshire hathaway inc	11.9%	1,032,852,006	SC 13G/A
Feb 10, 2021	vanguard group inc	7.11%	614,743,131	SC 13G/A
Feb 05, 2021	blackrock inc.	6.0%	515,170,704	SC 13G/A

Recent SEC filings of Bank of America Corp

View All Filings

Date Filed	Form Type	Document
May 03, 2024	424B2	Prospectus Filed
May 03, 2024	424B2	Prospectus Filed
May 03, 2024	424B2	Prospectus Filed
May 03, 2024	4	Insider Trading
May 03, 2024	424B2	Prospectus Filed
May 03, 2024	SC 13D/A	13D - Major Acquisition
May 03, 2024	424B2	Prospectus Filed
May 03, 2024	424B2	Prospectus Filed
May 03, 2024	424B2	Prospectus Filed
May 03, 2024	424B2	Prospectus Filed

Peers (Alternatives to Bank of America Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	547.1B	174.7B	-3.92%	42.05%	10.87	3.13	53.11%	19.83%
BAC	291.2B	127.4B	-0.53%	37.98%	11.64	2.29	44.27%	-12.56%
WFC	208.9B	85.8B	4.90%	63.21%	11.13	2.44	35.02%	26.14%
C	117.3B	125.0B	-0.29%	36.99%	14.68	0.94	37.85%	-
CFG	16.2B	10.2B	1.35%	42.41%	10.1	1.59	44.53%	-22.43%
KEY	14.1B	8.1B	-2.10%	67.08%	16.1	1.73	32.15%	-50.93%
MID-CAP
CMA	7.0B	4.2B	-1.32%	70.01%	10.12	1.66	34.68%	-45.96%
ZION	6.5B	3.9B	2.66%	119.02%	9.51	1.64	45.91%	-25.03%
ABCB	3.4B	1.3B	6.52%	67.99%	12.78	2.69	43.24%	-22.35%
ASB	3.3B	1.8B	5.32%	45.11%	20.6	1.8	32.64%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	395.3M	152.4M	-5.17%	46.88%	39.76	2.59	16.94%	-73.84%
AROW	391.6M	162.6M	-0.59%	18.78%	13.02	2.41	25.39%	-38.37%
ACNB	282.2M	96.6M	-4.87%	20.96%	8.91	2.92	11.02%	-11.37%
ASRV	41.8M	60.9M	-2.01%	-14.98%	-12.5	0.69	24.06%	-144.92%

Bank of America Corp News

Latest updates

Bank of America Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-27.5%	25,818	35,629	33,624	32,354	28,655	25,075	19,621	14,975	12,894	17,830	22,766	21,466	22,821	20,099	20,336	22,326	22,767	22,349	22,807	23,084	23,004
EBITDA Margin	-0.4%	0.67*	0.67*	0.78*	0.87*	1.01*	1.18*	1.24*	1.33*	1.46*	1.65*	0.87*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	0.6%	14,032	13,946	14,379	14,158	14,448	14,681	13,765	12,444	11,572	11,410	11,094	10,233	10,197	10,253	10,129	10,848	12,130	12,140	12,187	12,189	12,375
Income Taxes	3040.0%	588	-20.00	293	626	928	765	1,219	645	812	805	1,259	-1,182	1,116	649	-335	266	521	1,175	1,082	1,611	1,456
Earnings Before Taxes	132.5%	7,262	3,124	8,095	8,034	9,089	7,897	8,301	6,892	7,879	7,818	8,950	8,042	9,166	6,119	4,546	3,799	4,531	8,169	6,859	8,959	8,767
EBT Margin	-4.4%	0.21*	0.22*	0.28*	0.32*	0.36*	0.43*	0.47*	0.52*	0.61*	0.71*	0.37*	-	-	-	-	-	-	-	-	-	-
Net Income	112.3%	6,674	3,144	7,802	7,408	8,161	7,132	7,082	6,247	7,067	7,013	7,691	9,224	8,050	5,470	4,881	3,533	4,010	6,994	5,777	7,348	7,311
Net Income Margin	-3.5%	0.20*	0.20*	0.25*	0.28*	0.32*	0.38*	0.41*	0.47*	0.58*	0.67*	0.35*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-147.5%	-15,539	32,724	11,772	11,786	-11,300	30,998	13,154	-5,049	-45,430	44,651	9,795	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q3	2019Q2	2019Q1
Assets	2.9%	3,273,803	3,180,151	3,184,986	3,189,822	3,194,657	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash Equivalents	-5.9%	313,404	333,073	351,726	373,553	376,218	-	-	-	-	-	-	-	-	-	-	-	-	-	157,094	171,394	171,623
Net PPE	0.4%	11,901	11,855	11,821	11,688	11,708	-	-	-	-	-	-	-	-	-	-	-	-	-	10,493	10,426	10,251
Goodwill	0%	69,021	69,021	69,021	69,021	69,022	-	-	-	-	-	-	-	-	-	-	-	-	-	68,951	68,951	68,951
Liabilities	3.2%	2,980,251	2,888,505	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-85.4%	43,975	302,204	290,359	286,073	283,873	-	-	-	-	-	-	-	-	-	-	-	-	-	243,405	238,011	233,929
Shareholder's Equity	0.7%	293,552	291,646	287,064	283,319	280,196	-	-	-	-	-	-	-	-	-	-	-	-	-	268,387	271,408	267,010
Retained Earnings	1.9%	228,902	224,672	223,749	218,397	213,062	-	-	-	-	-	-	-	-	-	-	-	-	-	151,183	147,577	141,888
Shares Outstanding	-0.4%	7,867	7,895	7,923	7,954	7,972	8,004	-	-	-	8,070	8,184	8,415	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	228,188	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	270,935	-

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-147.5%	-15,539	32,724	11,772	11,786	-11,300	30,998	13,154	-5,049	-45,430	44,651	9,795	-9,311	-52,328	54,594	-32,638	-3,006	19,043	59,103	-5,702	-6,725	15,101
Share Based Compensation	18.8%	865	728	588	832	794	627	704	792	739	737	568	610	853	434	520	534	543	479	510	481	504
Cashflow From Investing	-11.1%	-71,322	-64,183	-59,934	57,884	30,846	14,380	34,761	16,738	-68,408	-58,907	-32,698	-108,606	-113,080	-53,882	54,977	-88,349	-90,411	-43,279	-30,133	-2,451	-4,767
Cashflow From Financing	508.1%	68,658	11,291	27,628	-71,695	126,121	-24,385	-37,889	-84,651	40,886	83,040	43,663	51,320	113,627	77,938	-12,398	129,132	161,147	-11,866	22,828	7,923	-15,508
Buy Backs	208.3%	2,500	811	1,000	550	2,215	998	450	975	2,650	7,533	9,914	4,209	3,470	263	114	286	6,362	7,748	7,626	6,507	6,263

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BAC Income Statement

2024-03-31

Consolidated Statement of Income - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net interest income
Interest income	$ 36,285	$ 28,655
Interest expense	22,253	14,207
Net interest income	14,032	14,448
Noninterest income
Fees and commissions	8,660	7,894
Market making and similar activities	3,888	4,712
Other income (loss)	(762)	(796)
Total noninterest income	11,786	11,810
Total revenue, net of interest expense	25,818	26,258
Provision for credit losses	1,319	931
Noninterest expense
Compensation and benefits	10,195	9,918
Occupancy and equipment	1,811	1,799
Information processing and communications	1,800	1,697
Product delivery and transaction related	851	890
Professional fees	548	537
Marketing	455	458
Other general operating	1,577	939
Total noninterest expense	17,237	16,238
Income before income taxes	7,262	9,089
Income tax expense	588	928
Net income	6,674	8,161
Preferred stock dividends	532	505
Net income applicable to common shareholders	$ 6,142	$ 7,656
Per common share information
Earnings (in dollars per share)	$ 0.77	$ 0.95
Diluted earnings (in dollars per share)	$ 0.76	$ 0.94
Average common shares issued and outstanding (in shares)	7,968.2	8,065.9
Average diluted common shares issued and outstanding (in shares)	8,031.4	8,182.3

BAC Balance Sheet

2024-03-31

Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 23,550	$ 27,892
Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks	289,854	305,181
Cash and cash equivalents	313,404	333,073
Time deposits placed and other short-term investments	7,859	8,346
Federal funds sold and securities borrowed or purchased under agreements to resell (includes $158,281 and $133,053 measured at fair value)	316,093	280,624
Trading account assets (includes $154,424 and $130,815 pledged as collateral)	318,364	277,354
Derivative assets	36,236	39,323
Debt securities:
Carried at fair value	323,119	276,852
Held-to-maturity, at cost (fair value $477,748 and $496,597)	586,863	594,555
Total debt securities	909,982	871,407
Loans and leases (includes $2,938 and $3,569 measured at fair value)	1,049,156	1,053,732
Allowance for loan and lease losses	(13,213)	(13,342)
Loans and leases, net of allowance	1,035,943	1,040,390
Premises and equipment, net	11,901	11,855
Goodwill	69,021	69,021
Loans held-for-sale (includes $2,070 and $2,059 measured at fair value)	8,571	6,002
Customer and other receivables	86,106	81,881
Other assets (includes $13,935 and $11,861 measured at fair value)	160,323	160,875
Total assets	3,273,803	3,180,151
Deposits in U.S. offices:
Noninterest-bearing	524,982	530,619
Interest-bearing (includes $341 and $284 measured at fair value)	1,304,508	1,273,904
Deposits in non-U.S. offices:
Noninterest-bearing	16,502	16,427
Interest-bearing	100,504	102,877
Total deposits	1,946,496	1,923,827
Federal funds purchased and securities loaned or sold under agreements to repurchase (includes $206,867 and $178,609 measured at fair value)	329,658	283,887
Trading account liabilities	114,326	95,530
Derivative liabilities	40,401	43,432
Short-term borrowings (includes $6,611 and $4,690 measured at fair value)	38,895	32,098
Accrued expenses and other liabilities (includes $14,605 and $11,473 measured at fair value and $1,158 and $1,209 of reserve for unfunded lending commitments)	214,129	207,527
Long-term debt (includes $43,975 and $42,809 measured at fair value)	296,346	302,204
Total liabilities	2,980,251	2,888,505
Commitments and contingencies (Note 6 – Securitizations and Other Variable Interest Entities and Note 10 – Commitments and Contingencies)
Shareholders’ equity
Preferred stock, $0.01 par value; authorized – 100,000,000 shares; issued and outstanding – 4,088,099 and 4,088,099 shares	28,397	28,397
Common stock and additional paid-in capital, $0.01 par value; authorized – 12,800,000,000 shares; issued and outstanding – 7,866,868,200 and 7,895,457,665 shares	54,310	56,365
Retained earnings	228,902	224,672
Accumulated other comprehensive income (loss)	(18,057)	(17,788)
Total shareholders’ equity	293,552	291,646
Total liabilities and shareholders’ equity	3,273,803	3,180,151
Consolidated VIEs
Assets
Trading account assets (includes $154,424 and $130,815 pledged as collateral)	5,838	6,054
Debt securities:
Loans and leases (includes $2,938 and $3,569 measured at fair value)	19,250	18,276
Allowance for loan and lease losses	(920)	(826)
Loans and leases, net of allowance	18,330	17,450
Other assets (includes $13,935 and $11,861 measured at fair value)	256	269
Total assets	24,424	23,773
Deposits in non-U.S. offices:
Short-term borrowings (includes $6,611 and $4,690 measured at fair value)	3,387	2,957
Long-term debt (includes $43,975 and $42,809 measured at fair value)	8,157	8,456
All other liabilities (includes $18 and $19 of non-recourse liabilities)	18	19
Total liabilities	$ 11,562	$ 11,432

About Bank of America Corp

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. The company was founded in 1784 and is based in Charlotte, North Carolina.

CEO	Mr. Brian Thomas Moynihan
WEBSITE	bankofamerica.com
INDUSTRY	Banks Diversified
EMPLOYEES	65535

Bank of America Corp Frequently Asked Questions

What is the ticker symbol for Bank of America Corp? What does BAC stand for in stocks?

BAC is the stock ticker symbol of Bank of America Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Bank of America Corp (BAC)?

As of Fri May 03 2024, market cap of Bank of America Corp is 291.23 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of BAC stock?

You can check BAC's fair value in chart for subscribers.

What is the fair value of BAC stock?

You can check BAC's fair value in chart for subscribers. The fair value of Bank of America Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Bank of America Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for BAC so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Bank of America Corp a good stock to buy?

The fair value guage provides a quick view whether BAC is over valued or under valued. Whether Bank of America Corp is cheap or expensive depends on the assumptions which impact Bank of America Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for BAC.

What is Bank of America Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 03 2024, BAC's PE ratio (Price to Earnings) is 11.64 and Price to Sales (PS) ratio is 2.29. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. BAC PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Bank of America Corp's stock?

In the past 10 years, Bank of America Corp has provided 0.116 (multiply by 100 for percentage) rate of return.