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Bank of America Corporation

BAC US

BAC USBank of America Corporation

United States Composite

38.32

USD

-0.05

(-0.13%)

3.08EPS Dil.

12.37P/E

302.55BMarket Cap

2.95%Div. Yield

Next Earnings

April 16

Ex-Dividend Date

February 29

Dividend Date

March 29

Held by Insiders

13.18%

Held by Institutions

58.91%

Short % of Float

0.80%

YTD Yield

30.83%

3Y Yield

-3.70%

5Y Yield

25.43%

Capital Structure

FRC

•

in mil. unless spec.

Jun'23

Sep'23

Dec'23

ST Debt

41,017

40,196

32,098

LT Borrowings

286,073

290,359

302,204

LT Finance Leases

- -

Preferred Equity and Hybrid Capital

28,397

Shares Outstanding

7,954

7,923

7,895

Market Capitalization

228,188

216,942

265,840

Working Capital

FRC

•

in mil. unless spec.

Jun'23

Sep'23

Dec'23

Total Current Assets

600,944

613,537

704,765

Cash, Cash Equivalents & STI

513,499

525,331

608,068

Accounts Receivable, Net

74,000

74,347

81,881

Inventories

- -

Total Current Liabilities

245,365

245,335

239,350

Payables & Accruals

204,348

205,139

207,252

ST Debt

41,017

40,196

32,098

Deferred Revenue

- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years

5 years

1 year

Sales/Revenue/Turnover

1.44%

1.71%

3.82%

Net Income, GAAP

22.90%

4.76%

-3.68%

Free Cash Flow

-75.35%

-180.01%

-810.95%

Total Cash Common Dividend

50.62%

7.95%

5.31%

Total Equity

2.32%

1.95%

6.75%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

2021

22,821

21,466

22,766

22,060

89,113

2022

23,228

22,688

24,502

24,532

94,950

2023

26,258

25,197

25,167

21,959

98,581

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

2021

0.87

1.04

0.86

0.82

3.60

2022

0.81

0.73

0.81

0.85

3.21

2023

0.95

0.88

0.91

0.36

3.10

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

2021

0.24

0.21

0.25

0.24

0.95

2022

0.27

0.25

0.28

0.26

1.06

2023

0.29

0.26

0.30

0.28

1.13

Company Description

CEO: Mr. Brian Thomas Moynihan
Full Time Employees: 213,000
Sector: Financial Services
Industry: Banks - Diversified
Address: Bank of America Corporate Center Charlotte NC United States 28255
IPO Date: Feb 21, 1973
CIK: 0000070858
Website: www.bankofamerica.com
Business: 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. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers 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, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.

Company News

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Bank of America Corporation (NYSE:BAC) Q1 2024 Earnings Call Transcript
Zacks
8 days ago
Bank ETFs in Focus on Mixed Q1 Earnings
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8 days ago
Oppenheimer Reaffirms Their Buy Rating on Bank of America (BAC)
Reuters
8 days ago
Citizens Financial profit slips on weaker interest income
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8 days ago
JPMorgan Says New SDG Guidelines to Empower Impact Investors
Tipranks
8 days ago
Optimistic Outlook for Bank of America: Buy Rating Justified by Improved Financial Performance and Technological Advancements
Yahoo
8 days ago
Wall Street says a Wall Street revival is finally here
Reuters
8 days ago
POINT MARCHÉS L'Europe attendue mitigée après les commentaires de Powell (actualisé)
Tipranks
8 days ago
Analysts Conflicted on These Financial Names: Commerce Bancshares (CBSH), Mercantile Bank (MBWM) and Bank of America (BAC)
Bloomberg
8 days ago
Morgan Stanley Plans Biggest Round of China Job Cuts in Years
Tipranks
9 days ago
Wall Street Analysts Are Bullish on Top Financial Picks
Bloomberg
9 days ago
Five Things You Need to Know to Start Your Day: Asia
Bloomberg
9 days ago
Powell’s Warning: The Bloomberg Open, Asia Edition
Bloomberg
9 days ago
Stand Pat: The Bloomberg Close, Americas Edition
Reuters
9 days ago
POINT MARCHÉS Wall Street finit en ordre dispersé sur fond d'interrogations sur les taux
Bloomberg
9 days ago
US Yields at 2024 Highs Lure Some Buyers Even as Shorts Dominate

Company Description

CEO: Mr. Brian Thomas Moynihan
Full Time Employees: 213,000
Sector: Financial Services
Industry: Banks - Diversified
Address: Bank of America Corporate Center Charlotte NC United States 28255
IPO Date: Feb 21, 1973
CIK: 0000070858
Website: www.bankofamerica.com
Business: 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. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, non-interest and interest-bearing checking accounts, and investment accounts and products; credit and debit cards; residential mortgages, and home equity loans; and direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The GWIM segment provides investment management, brokerage, banking, and trust and retirement products and services; wealth management solutions; and customized solutions, including specialty asset management services. The Global Banking segment offers 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, short-term investing options, and merchant services; working capital management solutions; debt and equity underwriting and distribution, and merger-related and other advisory services; and fixed-income and equity research, and certain market-based services. The Global Markets segment provides market-making, financing, securities clearing, settlement, and custody services; securities and derivative products; and risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1784 and is based in Charlotte, North Carolina.

Company News

Bloomberg
8 days ago
Stanford or a Crypto Startup? Bull-Market Gains Lure Top Students
Bloomberg
8 days ago
Americans Sick of 0.01% Yields Create New Dilemma on Wall Street
CNBC
8 days ago
Jim Cramer's top 10 things to watch in the stock market Wednesday
Tipranks
8 days ago
Morgan Stanley and HSBC Cut Asia-Pacific Jobs Amid Slowing Deals.
Yahoo
8 days ago
Bank of America Corporation (NYSE:BAC) Q1 2024 Earnings Call Transcript
Zacks
8 days ago
Bank ETFs in Focus on Mixed Q1 Earnings
Tipranks
8 days ago
Oppenheimer Reaffirms Their Buy Rating on Bank of America (BAC)
Reuters
8 days ago
Citizens Financial profit slips on weaker interest income
Bloomberg
8 days ago
JPMorgan Says New SDG Guidelines to Empower Impact Investors
Tipranks
8 days ago
Optimistic Outlook for Bank of America: Buy Rating Justified by Improved Financial Performance and Technological Advancements
Yahoo
8 days ago
Wall Street says a Wall Street revival is finally here
Reuters
8 days ago
POINT MARCHÉS L'Europe attendue mitigée après les commentaires de Powell (actualisé)
Tipranks
8 days ago
Analysts Conflicted on These Financial Names: Commerce Bancshares (CBSH), Mercantile Bank (MBWM) and Bank of America (BAC)
Bloomberg
8 days ago
Morgan Stanley Plans Biggest Round of China Job Cuts in Years
Tipranks
9 days ago
Wall Street Analysts Are Bullish on Top Financial Picks
Bloomberg
9 days ago
Five Things You Need to Know to Start Your Day: Asia
Bloomberg
9 days ago
Powell’s Warning: The Bloomberg Open, Asia Edition
Bloomberg
9 days ago
Stand Pat: The Bloomberg Close, Americas Edition
Reuters
9 days ago
POINT MARCHÉS Wall Street finit en ordre dispersé sur fond d'interrogations sur les taux
Bloomberg
9 days ago
US Yields at 2024 Highs Lure Some Buyers Even as Shorts Dominate